Ownership of Receivables. The Seller owns and has good and marketable title to the Receivables included in the Receivables Pool and Related Security free and clear of any Adverse Claim.
Ownership of Receivables. The Seller has acquired, for fair consideration and reasonably equivalent value, all of the right, title and interest of the applicable Originator in each Pool Receivable, together with the Related Security. Each Pool Receivable, together with the Related Security, is owned by the Seller free and clear of any Adverse Claim.
Ownership of Receivables. Seller is the sole owner of the Receivables and none of the Receivables has been previously assigned or encumbered in any manner. Seller has full power and authority to sell each of the Receivables and has duly authorized their sale to AEG pursuant to this Agreement.
Ownership of Receivables. Such Borrower owns and has good and marketable title to the Receivables transferred to such Borrower pursuant to the applicable Sale Agreement and included in the Receivables Pool and Related Security free and clear of any Adverse Claim other than Permitted Adverse Claims.
Ownership of Receivables. The Seller owns and has good and marketable title to the Pool Receivables that are Eligible Receivables and Related Security free and clear of any Adverse Claim (other than Permitted Liens arising after the date such Pool Receivables became Pool Receivables and any Adverse Claims that constitute Ineligible Amounts).
Ownership of Receivables. Before the consummation of the sales contemplated by this Agreement, the Seller owns the Pool Receivables and Related Security free and clear of any Adverse Claim.
Ownership of Receivables. (A) Subject to paragraph (B) below, upon completion of the sale and purchase of the Receivables under the Receivables Sale Agreement, the Borrower will be the sole beneficial owner of the Portfolio Receivables other than the Scottish Receivables, with good, valid and marketable title thereto and will be beneficiary under a Scottish Declaration of Trust in relation to the Scottish Receivables.
Ownership of Receivables. (a) Upon the acceptance by Funding of the capital contribution from MCC as set forth in Section 2.01, the ownership of each Initial Receivable and the contents of the related Receivable Files shall be vested in Funding. Upon the delivery of the purchase price set forth in Section 2.02, the ownership of the related Subsequent Receivables and the contents of the related Receivable Files shall be vested in Funding. Notwithstanding the foregoing, the assignment, transfer and conveyance set forth in Section 2.01 or Section 2.02 shall not constitute and is not intended to result in the creation, or an assumption by Funding of any obligation of MCC or any other Person in connection with the Receivables or any Contract or under any agreement or instrument relating thereto, including any obligation to any Obligors or any Affiliate of or other Person to whom MCC may delegate servicing duties or to insurers.
Ownership of Receivables. Borrower is the true and lawful owner of its Receivables, and has, or at the time each Receivable comes into existence will have, good and clear title to each Receivable, subject to Lender's rights thereto. Each Receivable is, or at the time it comes into existence will be, a true and correct statement of:
Ownership of Receivables. The Seller will and will cause each other Originator to take all necessary action to (i) establish and maintain, irrevocably in the Buyer, legal and equitable title to the Receivables, and all Related Security and Collections with respect thereto, in each case free and clear of any Lien other than Liens in favor of the Administrative Agent for the benefit of the Lenders and Liens otherwise permitted by Section 6.18 of the Credit Agreement (including the filing of all financing statements or other similar instruments or documents necessary under the UCC (or any comparable law) of all appropriate jurisdictions to perfect the Buyer’s interest in the Receivables, and all Related Security and Collections with respect thereto, and such other action to perfect, protect or more fully evidence the interest of the Buyer and the Administrative Agent and the Lenders as the Buyer or the Administrative Agent may reasonably request).
