Common use of Notice of Adverse Claims Clause in Contracts

Notice of Adverse Claims. Except for the claims and interests of the Issuer and the Secured Party in the Accounts, the Securities Intermediary does not know of any claim to, or interest in, the Accounts or in any financial asset credited thereto. If any Person asserts any lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against an Account or in any financial asset carried therein, the Securities Intermediary will promptly notify the Secured Party and the Issuer thereof.

Appears in 11 contracts

Samples: Control Agreement (BMW Vehicle Lease Trust 2024-1), Control Agreement (BMW Vehicle Lease Trust 2024-1), Control Agreement (BMW Vehicle Lease Trust 2023-2)

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Notice of Adverse Claims. Except for the claims and interests of the Issuer and the Secured Party in the Accounts, the Securities Intermediary does not know of any claim to, or interest in, the Accounts or in any financial asset credited thereto. If any Person asserts any lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against an Account or in any financial asset carried therein, the Securities Intermediary will promptly notify the Secured Party and the Issuer thereof.. ARTICLE THREE

Appears in 6 contracts

Samples: Control Agreement (BMW Vehicle Lease Trust 2022-1), Control Agreement (BMW Vehicle Lease Trust 2022-1), Control Agreement (Financial Services Vehicle Trust)

Notice of Adverse Claims. Except for the claims and interests of the Issuer and the Secured Party and of Debtor in the AccountsSecurities Account, the Securities Intermediary does not know of any claim to, or interest in, the Accounts Securities Account or in any financial asset credited thereto. If any Person person asserts any lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against an the Securities Account or in any financial asset Collateral carried therein, the Securities Intermediary will promptly notify the Secured Party and the Issuer Debtor thereof.

Appears in 3 contracts

Samples: Credit and Guarantee Agreement (H&r Block Inc), Credit and Guarantee Agreement (H&r Block Inc), Credit and Guarantee Agreement (H&r Block Inc)

Notice of Adverse Claims. Except for the claims and interests of the Issuer and the Secured Party in the Accounts, the Securities Intermediary does not know of any claim to, or interest in, the Accounts or in any financial asset credited thereto. If any Person asserts any lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against an Account or in any financial asset carried therein, the Securities Intermediary will promptly notify the Secured Party and the Issuer thereof.. ARTICLE THREE REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE SECURITIES INTERMEDIARY

Appears in 2 contracts

Samples: Control Agreement (BMW Vehicle Lease Trust 2018-1), Control Agreement (BMW Vehicle Lease Trust 2018-1)

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Notice of Adverse Claims. Except for the claims and interests of the Issuer Secured Party and the Secured Party Borrower in the Securities Accounts, the Securities Intermediary does not know of any claim to, or interest in, the Accounts any Securities Account or in any financial asset Financial Asset credited thereto. If any Person asserts any lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against an any Securities Account or in any financial asset Financial Asset carried therein, the Securities Intermediary will promptly notify the Secured Party and the Issuer Borrower thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Tesla, Inc.)

Notice of Adverse Claims. Except for the claims and interests interest of the Issuer and the Secured Party and the Borrower in the Accounts, the Securities Intermediary does not know have knowledge of any claim to, or interest in, either of the Accounts or in any financial asset Financial Asset credited thereto. If any Person person asserts any lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against an Account the Accounts or in any financial asset Financial Asset carried therein, the Securities Intermediary will promptly notify the Secured Party and the Issuer thereofBorrower.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Metris Companies Inc)

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