Common use of Appointment; Duties of the Collateral Custodian Clause in Contracts

Appointment; Duties of the Collateral Custodian. (a) The Grantor Trust hereby appoints Xxxxx Fargo Bank, National Association, to act solely on behalf of the Indenture Trustee and the Secured Parties as collateral custodian hereunder. Xxxxx Fargo Bank, National Association hereby accepts its appointment as Collateral Custodian hereunder, acknowledges that it is bound by the terms and conditions of this Agreement and agrees that it shall hold all Receivable Files Delivered to it or otherwise in its possession pursuant to this Agreement for the benefit of the Indenture Trustee under the terms of this Agreement. The Collateral Custodian hereby agrees not to assert (in its individual capacity or otherwise) any Liens or claims of any kind with respect to the Receivable Files held by it or the related Receivables or any other Collateral and hereby releases and waives any such Liens and claims.

Appointment; Duties of the Collateral Custodian. (a) The Grantor Trust hereby appoints Xxxxx Fargo BankComputershare Trust Company, National Association, to act solely on behalf of the Indenture Trustee and the Secured Parties as collateral custodian hereunder. Xxxxx Fargo BankComputershare Trust Company, National Association hereby accepts its appointment as Collateral Custodian hereunder, acknowledges that it is bound by the terms and conditions of this Agreement and agrees that it shall hold all Receivable Files Delivered to it or otherwise in its possession pursuant to this Agreement for the benefit of the Indenture Trustee under the terms of this Agreement. The Collateral Custodian hereby agrees not to assert (in its individual capacity or otherwise) any Liens or claims of any kind with respect to the Receivable Files held by it or the related Receivables or any other Collateral and hereby releases and waives any such Liens and claims.

Appointment; Duties of the Collateral Custodian. (a) The Grantor Trust [Issuing Entity][Grantor Trust] hereby appoints Xxxxx Fargo Bank, National Association[ ], to act solely on behalf of the Indenture Trustee and the Secured Parties as collateral custodian Collateral Custodian hereunder. Xxxxx Fargo Bank, National Association [ ] hereby accepts its appointment as Collateral Custodian hereunder, acknowledges that it is bound by the terms and conditions of this Agreement and agrees that it shall hold all Receivable Files Delivered to it or otherwise in its possession pursuant to this Agreement for the benefit of the Indenture Trustee under the terms of this Agreement. The Collateral Custodian hereby agrees not to assert (in its individual capacity or otherwise) any Liens or claims of any kind with respect to the Receivable Files held by it or the related Receivables or any other Collateral and hereby releases and waives any such Liens and claims.