Seller's Interest. Except for the conveyances hereunder, in connection with any transaction permitted by Section 7.02 and as provided in Section 6.03, such Seller agrees not to transfer, assign, exchange or otherwise convey or pledge, hypothecate or otherwise grant a security interest in the Sellers’ Interest represented by the Bank Certificate or any Supplemental Certificate and any such attempted transfer, assignment, exchange, conveyance, pledge, hypothecation or grant shall be void.
Seller's Interest. Seller owns all right, title and interest in and to the Facility, free and clear of all liens and encumbrances other than liens and encumbrances related to third-party financing of the Facility.
Seller's Interest. Except for the conveyances hereunder, in ----------------- connection with any transaction permitted by Section 7.02 or 7.05 and as provided in Sections 2.08(f) and 6.03, the Seller agrees not to transfer, assign, exchange or otherwise convey or pledge, hypothecate or otherwise grant a security interest in the Seller's Interest, whether represented by the Bank Certificate or any Supplemental Certificate or by any uncertificated interest in the Seller's Interest, and any such attempted transfer, assignment, exchange, conveyance, pledge, hypothecation or grant shall be void; provided, -------- however, that nothing in this Section 2.07(c) shall prevent the owner ------- of an interest in the Seller's Interest, whether uncertificated or represented by a certificate, from granting to an Affiliate a participation interest or other beneficial interest in the rights to receive cash flows related to the Seller's Interest, if (i) such interest does not grant such Affiliate any rights hereunder or delegate to such Affiliate any obligations or duties hereunder and (ii) the transferor of such interest obtains the prior written consent of the Bank and (iii) after giving effect to such transfer, the interest in the Seller's Interest owned directly by the Bank represents an undivided ownership interest in two percent (2.0%) or more of the Trust Assets.
Seller's Interest. Seller covenants and warrants that it will convey to Buyer at closing an undivided Ninety percent (90%) of the entire working interest in Leases together with outstanding overriding royalty interest burdening said working interest, which interests shall collectively represent not less than the Net Revenue Interest (“NRI”) in each of the Leases set forth on Exhibit “A.” An undivided Ninety percent (90%) of any overriding royalty interests, production payments, net revenue interest or other right, title or interest in and to the Leases (except landowner royalty interests) which are owned by Seller or any affiliate, or representative of Seller shall be transferred to Buyer on the Effective Date and said interest shall be merged into the working interest and become a part thereof on the Effective Date.
Seller's Interest. Except in connection with (i) any transaction permitted by Section 9.4 or (ii) Transfers with respect to which the Rating Agency Condition shall have been satisfied, the Seller agrees not to Transfer the portion of the Retained Interest owned by it and any such attempted Transfer shall, subject to any applicable Requirements of Law, be void.
Seller's Interest. Seller will not retain any interest in any Sold Receivable hereunder and each sale of a Sold Receivable hereunder shall be of all of Seller's right, title and interest in such Sold Receivable.
Seller's Interest. The interests described in Exhibit "A" constitute all of Sellers' interest in the Oil and Gas Properties and Wells, it being Sellers' intxxx xo sell to Buyer all of Sellers' right, title and interest in the Oil and Gas Properties and Wells, except as otherwise xxxxifically set forth in Exhibit "A".
Seller's Interest. Except for the conveyances hereunder, in connection with any transaction permitted by Section 7.02 and as provided in Sections 2.08(e) and 6.03, such Seller agrees not to transfer, assign, exchange or otherwise convey or pledge, hypothecate or otherwise grant a security interest in the Sellers' Interest represented by the Bank Certificate or any Supplemental Certificate and any such attempted transfer, assignment, exchange, conveyance, pledge, hypothecation or grant shall be void. Notwithstanding the foregoing paragraph, the Sellers may pledge, hypothecate or otherwise grant a security interest in any (or any portion of) the Seller Certificates to the Federal Reserve Bank of Philadelphia and the Federal Home Loan Bank of Pittsburgh; provided, however, that such pledge, hypothecation, or grant may not be used as an artifice or device to avoid or limit the foregoing prohibition on transfer; provided further that under no circumstances may the Sellers pledge, hypothecate, or otherwise grant a security interest in any of their rights in the Seller Certificates other than the right to receive cash payments in respect of such Seller Certificates as provided in this Agreement or any Supplement. Delivery of Collections. In the event that such Seller receives Collections, such Seller agrees to pay the Servicer all such Collections as soon as practicable after receipt thereof but in no event later than two Business Days after the Date of Processing by the Seller.
Seller's Interest. The Seller has and, at the Closing, will convey to the Buyer, good and valid title to the Seller’s Interest, free and clear of any Encumbrance.
Seller's Interest. Seller covenants and warrants that it will convey to Buyer the entire working interest representing .875 (87.5%) of the total (8/8ths) revenue interest in (he above described leases,
