Common use of Acknowledgement of Further Assignments Clause in Contracts

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