Common use of Prohibition Against Encumbrance Clause in Contracts

Prohibition Against Encumbrance. Except as may otherwise be provided expressly in the I-Trust Documents, neither Xxxxxx Mae nor the Trustee will, directly or indirectly, assign, sell, dispose of or transfer all or any portion of or interest in any Trust Fund, or permit all or any portion of any Trust Fund to be subject to any lien, claim, mortgage, security interest, pledge or other encumbrance of any other Person.

Prohibition Against Encumbrance. Except as may otherwise be provided expressly in the I-Trust Documents, neither Xxxxxx Mae Xxx nor the Trustee will, directly or indirectly, assign, sell, dispose of or transfer all or any portion of or interest in any Trust Fund, or permit all or any portion of any Trust Fund to be subject to any lien, claim, mortgage, security interest, pledge or other encumbrance of any other Person.

Prohibition Against Encumbrance. Except as may otherwise be provided expressly in the IQ-Trust Documents, neither Xxxxxx Mae Xxx nor the Trustee will, directly or indirectly, assign, sell, dispose of or transfer all or any portion of or interest in any Trust Fund, or permit all or any portion of any Trust Fund to be subject to any lien, claim, mortgage, security interest, pledge or other encumbrance of any other Person.