Common use of Acceptance by the Trust Clause in Contracts

Acceptance by the Trust. The Trust does hereby accept the assignment by the Seller pursuant to Section 2.1 and declares that the Trust accepts such assignment upon the trusts herein set forth for the benefit of the Noteholders and the Certificateholder, as their respective interests may appear, subject to the terms and provisions of this Agreement. The assignment will not constitute, and is not intended to result in, an assumption by the Trust or any Noteholder of any obligation of the Seller or any other Persons in connection with the Receivables, the Receivables Files, the Insurance Policies or under any agreements or instruments relating to any of them.

Acceptance by the Trust. The Trust does hereby accept the assignment by the Seller pursuant to Section 2.1 and declares that the Trust accepts such assignment upon the trusts herein set forth for the benefit of the Noteholders and the CertificateholderNoteholders, as their respective interests may appear, subject to the terms and provisions of this Agreement. The assignment will not constitute, and is not intended to result in, an assumption by the Trust or any Noteholder of any obligation of the Seller or any other Persons in connection with the Receivables, the Receivables Files, the Insurance Policies or under any agreements or instruments relating to any of them.