Common use of Agreement to Execute Assignment upon Guarantee Payment Clause in Contracts

Agreement to Execute Assignment upon Guarantee Payment. [If there is a Representative, insert the following:] The holder[s] hereby authorize the Representative, at such time as the FDIC shall commence making any guarantee payments to the Representative for the benefit of the holder[s] pursuant to the Debt Guarantee Program, to execute an assignment in the form attached to this Agreement as Exhibit [ ] [See Annex B to Master Agreement] pursuant to which the Representative shall assign to the FDIC its right as Representative to receive any and all payments from the Issuer under this Agreement on behalf of the holder[s]. The Issuer hereby consents and agrees that the FDIC is an acceptable transferee for all or any portion of the indebtedness hereunder for all purposes of this Agreement and upon any such assignment, the FDIC shall be deemed a holder under this Agreement for all purposes hereof, and the Issuer hereby agrees to take such reasonable steps as are necessary to comply with any relevant provision of this Agreement as a result of such assignment. [or, if (i) there is no Representative or (ii) the holder has exercised its right not to be represented by the Representative, insert the following:] The holder[s] hereby agree that, at such time as the FDIC shall commence making any guarantee payments to the holder[s] pursuant to the Debt Guarantee Program, the holder[s] shall execute an assignment in the form attached to this Agreement as Exhibit [ ] [See Annex B to Master Agreement] pursuant to which the holder[s] shall assign to the FDIC [its/their] right to receive any and all payments from the Issuer under this Agreement. The Issuer hereby consents and agrees that the FDIC is an acceptable transferee for all or any portion of the indebtedness hereunder for all purposes of this Agreement and upon any such assignment, the FDIC shall be deemed a holder under this Agreement for all purposes thereof, and the Issuer hereby agrees to take such reasonable steps as are necessary to comply with any relevant provision of this Agreement as a result of such assignment.

Agreement to Execute Assignment upon Guarantee Payment. [If there is a RepresentativeThe Holders, insert by acceptance of the following:] The holder[s] 2011 Notes or the 2012 Notes, as the case may be, hereby authorize and direct the Representative, at such time as the FDIC shall commence making any guarantee payments to the Representative for the benefit of the holder[s] Holders pursuant to the Debt Guarantee Program, to execute an assignment in the form attached to this Agreement as Exhibit [ ] [See Annex B to Master Agreement] each Note pursuant to which the Representative shall assign to the FDIC its right as Representative to receive any and all payments from the Issuer Company or the Guarantor under this Agreement the 2011 Notes or the 2012 Notes, as the case may be, on behalf of the holder[s]Holders. The Issuer Each of the Company and the Guarantor hereby consents and agrees that the FDIC is an acceptable transferee for all or any portion of the indebtedness hereunder for all purposes of this Agreement the 2011 Notes or the 2012 Notes, as the case may be, and upon any such assignment, the FDIC shall be deemed a holder under this Agreement the Holder of the 2011 Notes or the 2012 Notes, as the case may be, for all purposes hereof, and each of the Issuer Company and the Guarantor hereby agrees to take such reasonable steps as are necessary to comply with any relevant provision of this Agreement the 2011 Notes or the 2012 Notes, as the case may be, and the Indenture as a result of such assignment. [or, if (i) there is no Representative or (ii) the holder If a Holder has exercised its right not to be represented by the Representative, insert such Holder, by its acceptance of the following:] The holder[s] hereby agree 2011 Notes or the 2012 Notes, as the case may be, agrees that, at such time as the FDIC shall commence making any guarantee payments to the holder[s] Representative for the benefit of the Holders pursuant to the Debt Guarantee Program, the holder[s] such Holder shall execute an assignment in the form attached to this Agreement as Exhibit [ ] [See Annex B to Master Agreement] each Note pursuant to which the holder[s] Holder shall assign to the FDIC [its/their] its right to receive any and all payments from the Issuer Company or the Guarantor under this Agreement. The Issuer hereby consents and agrees that the FDIC is an acceptable transferee for all or any portion of the indebtedness hereunder for all purposes of this Agreement and upon any such assignment, the FDIC shall be deemed a holder under this Agreement for all purposes thereof, Notes and the Issuer hereby agrees to take such reasonable steps as are necessary to comply with any relevant provision of this Agreement as a result of such assignmentIndenture.

Agreement to Execute Assignment upon Guarantee Payment. [If there is a RepresentativeThe Holders, insert by acceptance of the following:] The holder[s] Notes, hereby authorize and direct the Representative, at such time as the FDIC shall commence making any guarantee payments to the Representative for the benefit of the holder[s] Holders pursuant to the Debt Guarantee Program, to execute an assignment in the form attached to this Agreement hereto as Exhibit [ ] [See Annex B to Master Agreement] pursuant to which the Representative shall assign to the FDIC its right as Representative to receive any and all payments from the Issuer Company or the Guarantor under this Agreement the Notes on behalf of the holder[s]Holders. The Issuer Each of the Company and the Guarantor hereby consents and agrees that the FDIC is an acceptable transferee for all or any portion of the indebtedness hereunder for all purposes of this Agreement the Notes and upon any such assignment, the FDIC shall be deemed a holder under this Agreement the Holder of the Notes for all purposes hereof, and each of the Issuer Company and the Guarantor hereby agrees to take such reasonable steps as are necessary to comply with any relevant provision of this Agreement the Notes and the Indenture as a result of such assignment. [or, if (i) there is no Representative or (ii) the holder If a Holder has exercised its right not to be represented by the Representative, insert such Holder, by its acceptance of the following:] The holder[s] hereby agree Notes, agrees that, at such time as the FDIC shall commence making any guarantee payments to the holder[s] Representative for the benefit of the Holders pursuant to the Debt Guarantee Program, the holder[s] such Holder shall execute an assignment in the form attached to this Agreement hereto as Exhibit [ ] [See Annex B to Master Agreement] pursuant to which the holder[s] Holder shall assign to the FDIC [its/their] its right to receive any and all payments from the Issuer Company or the Guarantor under this Agreement. The Issuer hereby consents and agrees that the FDIC is an acceptable transferee for all or any portion of the indebtedness hereunder for all purposes of this Agreement and upon any such assignment, the FDIC shall be deemed a holder under this Agreement for all purposes thereof, Notes and the Issuer hereby agrees to take such reasonable steps as are necessary to comply with any relevant provision of this Agreement as a result of such assignmentIndenture.

Agreement to Execute Assignment upon Guarantee Payment. [If there is a RepresentativeThe Holders, insert by acceptance of the following:] The holder[s] Notes, hereby authorize and direct the Representative, at such time as the FDIC shall commence making any guarantee payments to the Representative for the benefit of the holder[s] Holders pursuant to the Debt Guarantee Program, to execute an assignment in the form attached to this Agreement hereto as Exhibit [ ] [See Annex B to Master Agreement] pursuant to which the Representative shall assign to the FDIC its right as Representative to receive any and all payments from the Issuer Company or the Guarantor under this Agreement the Notes on behalf of the holder[s]Holders. The Issuer Each of the Company and the Guarantor hereby consents and agrees that the FDIC is an acceptable transferee for all or any portion of the indebtedness hereunder for all purposes of this Agreement the Notes and upon any such assignment, the FDIC shall be deemed a holder under this Agreement the Holder of the Notes for all purposes hereof, and each of the Issuer Company and the Guarantor hereby agrees to take such reasonable steps as are necessary to comply with any relevant provision of this Agreement the Notes and the Indenture as a result of such assignment. [or, if (i) there is no Representative or (ii) the holder If a Holder has exercised its right not to be represented by the Representative, insert such Holder, by its acceptance of the following:] The holder[s] hereby agree Notes, agrees that, at such time as the FDIC shall commence making any guarantee payments to the holder[s] Holders pursuant to the Debt Guarantee Program, the holder[s] such Holder shall execute an assignment in the form attached to this Agreement hereto as Exhibit [ ] [See Annex B to Master Agreement] pursuant to which the holder[s] Holder shall assign to the FDIC [its/their] its right to receive any and all payments from the Issuer Company or the Guarantor under this Agreement. The Issuer hereby consents and agrees that the FDIC is an acceptable transferee for all or any portion of the indebtedness hereunder for all purposes of this Agreement and upon any such assignment, the FDIC shall be deemed a holder under this Agreement for all purposes thereof, Notes and the Issuer hereby agrees to take such reasonable steps as are necessary to comply with any relevant provision of this Agreement as a result of such assignmentIndenture.