Common use of Acknowledgement of Further Assignments Clause in Contracts

Acknowledgement of Further Assignments. The Master Trust acknowledges that (a) under the Transfer and Servicing Agreement, the Depositor will transfer and assign all of its right, title and interest in the Master Trust Transferred Property and related property and rights to the Issuer and (b) under the Indenture, the Issuer will assign and pledge the Master Trust Transferred Property and related property and rights to the Indenture Trustee for the benefit of the Secured Parties.

Appears in 16 contracts

Samples: Omnibus Amendment (Vzot 2018-A), Master Trust Receivables Transfer Agreement (Verizon Owner Trust 2020-C), Master Trust Receivables Transfer Agreement (Verizon Owner Trust 2020-C)

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