Common use of Assignment by Conduit Purchasers Clause in Contracts

Assignment by Conduit Purchasers. Each party hereto agrees and consents (i) to Conduit Purchaser’s assignment, participation, grant of security interests in or other transfers of any portion of, or any of its beneficial interest in, the Conduit Purchaser’s Purchase Interest and the Assigned Conduit Purchaser Settlement and (ii) to the complete assignment by such Conduit Purchaser of all of its rights and obligations hereunder to any Person, and upon such assignment such Conduit Purchaser shall be released from all obligations and duties hereunder; provided, however, unless such assignment is made pursuant to Section 2.1 hereof, any such assignment may not be made without the prior written consent of the Seller. Each Conduit Purchaser shall promptly notify each party hereto of any such assignment. Upon such an assignment of any portion of a Conduit Purchaser’s Purchase Interest and the related Assigned Conduit Purchaser Settlement, the assignee shall have all of the rights of such Conduit Purchaser hereunder related to such Purchase Interest and Assigned Conduit Purchaser Settlement.

Assignment by Conduit Purchasers. Each party hereto agrees and consents (i) to each Conduit Purchaser’s assignment, participation, grant of security interests in or other transfers of any portion of, or any of its beneficial interest in, the Conduit Purchaser’s Purchase Interest and the Assigned Conduit Purchaser related assigned Settlement and (ii) to the complete assignment by such Conduit Purchaser of all of its rights and obligations hereunder to (x) a Related Bank Purchaser or Liquidity Bank or (y) any Person, other Person reasonably acceptable to the Seller (provided that the Seller’s approval shall not be unreasonably withheld and upon no such approval shall be required after the occurrence of a Termination Event). Upon such assignment such Conduit Purchaser shall be released from all obligations and duties hereunder; provided, however, unless such assignment is made pursuant to Section 2.1 hereof, any such assignment may not be made without the prior written consent of the Seller. Each Conduit Purchaser shall promptly notify each party hereto of any such assignment. Upon such an assignment of any portion of a Conduit Purchaser’s Purchase Interest and the related Assigned Conduit Purchaser assigned Settlement, the assignee shall have all of the rights of such Conduit Purchaser hereunder related to such Purchase Interest and Assigned Conduit Purchaser related assigned Settlement.

Assignment by Conduit Purchasers. Each With the prior written consent of the Seller (not to be unreasonably withheld), each other party hereto agrees and consents (i) to each Conduit Purchaser’s 's assignment, participation, grant of security interests in or other transfers of any portion of not less than $25,000,000 of, or any of its beneficial interest in, the Conduit Purchaser’s Purchase Interest and the related Assigned Conduit Purchaser Settlement and (ii) to the complete assignment by such Conduit Purchaser of all of its rights and obligations hereunder to any PersonPerson reasonably acceptable to the Seller, and upon such assignment such Conduit Purchaser shall be released from all obligations and duties hereunder; provided, however, unless such assignment is made pursuant to Section 2.1 hereof, any such assignment may not be made without the prior written consent of the Seller. Each Conduit Purchaser shall promptly notify each party hereto of any such assignment. Upon such an assignment of any portion of a Conduit Purchaser’s 's Purchase Interest and the related Assigned Conduit Purchaser Settlement, the assignee shall have all of the rights of such Conduit Purchaser hereunder related to such Purchase Interest and related Assigned Conduit Purchaser Settlement.