Common use of Representation Clause in Contracts

Representation. Each party represents to the other party (which representation will be deemed to be repeated as of each date on which it transfers Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions) that is the sole owner of or otherwise has the right to transfer all Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions it transfers to the other party under this Annex, free and clear of any security interest, lien encumbrance or other restriction (other than lien routinely imposed on all securities in a relevant clearance system).

Representation. Each party represents to the other party (which representation will be deemed to be repeated as of each date on which it transfers Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions) that it is the sole owner of or otherwise has the right to transfer all Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions it transfers to the other party under this Annex, free and clear of any security interest, lien lien, encumbrance or other restriction (other than a lien routinely imposed on all securities in a relevant clearance system).

Representation. Each party Party represents to the other party Party (which representation will be is deemed to be repeated as of on each date day on which it transfers Eligible Credit Support, Equivalent Credit Support or Equivalent Distributionsan Interest Amount) that it is the sole owner of or otherwise has the right to transfer all such Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions it transfers Interest Amount to the other party Party under this Annex, free and clear of any security interest, lien lien, encumbrance or other restriction (other than lien routinely imposed on all securities in a relevant clearance system)restriction.

Representation. Each party represents to the other party (which representation will be deemed to be repeated as of each date on which it transfers Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions) that it is the sole owner of or otherwise has the right to transfer all Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions it transfers to the other party under this Annex, free and clear of any security interest, lien encumbrance or other restriction (other than lien routinely imposed on all securities in a relevant clearance system).