Common use of Acknowledgement of Pledge of Collateral Clause in Contracts

Acknowledgement of Pledge of Collateral. Party A acknowledges Party B’s pledge of its assets under the Indenture and understands that the proceeds of such assets will be applied, including to payments hereunder, only in the order set forth in the Indenture.

Acknowledgement of Pledge of Collateral. Party A acknowledges Party B’s pledge of its assets under the Indenture Pooling and Servicing Agreement and understands that the proceeds of such assets will be applied, including to payments hereunder, only in the order set forth in the IndenturePooling and Servicing Agreement.