Accession of new Beneficiaries. In justified cases, the [Beneficiary][Beneficiaries] may request the addition of a new Beneficiary. [The request for amendment will be submitted by the Coordinator.] If the request for addition is accepted by EFI, the Parties will negotiate on the necessary amendments to the Agreement. New [Beneficiary][Beneficiaries] will assume the rights and obligations under the Agreement with effect from the date of their accession.
Accession of new Beneficiaries. 6.1 At any time a New Investor accedes to the Achmea Mortgage Label Platform Agreement, such New Investor accedes and becomes a party to this Agreement as a New Beneficiary upon completion, execution and delivery of an Accession Letter. All Parties hereby irrevocably agree to such New Investors becoming a party to this Agreement following completion, execution and delivery of the Accession Letter by such New Investor and the delivery of a Confirmation Letter by the Originator on behalf of the other Parties to the New Investor and (for the avoidance of doubt) each Party hereby grants an irrevocable power of attorney to the Originator to do such further acts as may be deemed required to agree to such new parties to accede to this Agreement on such Party's behalf, including to enter into a new collection foundation account rights pledge agreement.
6.2 If at any time an Investor selects the Purchaser Option and/or Mortgage Receivables are sold and assigned to its Purchaser by way of a silent assignment, such Purchaser or assignee, accedes and becomes a party to this Agreement as New Beneficiary upon completion and execution of an Collection Foundation Accession Notice and acceptance thereof by the Collection Foundation on behalf of the other Parties. All Parties hereby irrevocably agree to such Purchaser becoming a party to this Agreement following completion and execution of the relevant Collection Foundation Accession Notice and (to the extent not yet given) each Party hereby grants an irrevocable power of attorney to the Originator to do such further acts as may be deemed required to agree to such new parties to accede to this Agreement on such Party's behalf, including to enter into a new collection foundation account rights pledge agreement.
6.3 The Collection Foundation and the Collection Foundation Account Bank agree that any Beneficiary may pledge its rights under this Agreement (including the Beneficiary Entitlements) to an Eligible Pledgee. In such case the relevant Beneficiary shall notify the Collection Foundation and the Collection Foundation Account Bank of such pledge and which party shall be or remains to be entitled to collect such rights in accordance with Article 3:246 Dutch Civil Code.
6.4 The Parties to this Agreement agree that upon the accession of a New Investor and/or a New Beneficiary pursuant to this Clause the Foundation Administrator will update Schedule 2 and Schedule 3 of this Agreement by including the notice details and the acc...
