Common use of Assignment for Enforcement Clause in Contracts

Assignment for Enforcement. Effective as of the date of this Agreement, the Receivables are assigned to the Servicer solely for the purpose of permitting the Servicer to perform its servicing and administrative obligations under this Agreement, including the start or pursuit of or participation in a legal proceeding to enforce a Receivable or otherwise related to a Receivable. If in a legal proceeding it is held that the Servicer may not enforce a Receivable on the basis that it is not a real party in interest or a holder entitled to enforce the Receivable, the Issuer will, at the Servicer’s expense and direction, assign the Receivable to the Servicer solely for that purpose or take steps to enforce the Receivable, including bringing suit in the names of the Indenture Trustee, the Noteholders and the Issuer.

Assignment for Enforcement. Effective as of the date of this Agreement, the Receivables are assigned to the Servicer solely for the purpose of permitting the Servicer to perform its servicing and administrative obligations under this Agreement, including the start or pursuit of or participation in a legal proceeding to enforce a Receivable or otherwise related to a Receivable. If in a legal proceeding it is held that the Servicer may not enforce a Receivable on the basis that it is not a real party in interest or a holder entitled to enforce the Receivable, the Issuer will, at the Servicer’s 's expense and direction, assign the Receivable to the Servicer solely for that purpose or take steps to enforce the Receivable, including bringing suit in the names of the Indenture Trustee, the Noteholders and the Issuer.

Assignment for Enforcement. Effective as of the date of this Agreement, the Receivables are assigned to the Servicer solely for the purpose of permitting the Servicer to perform its servicing and administrative obligations under this Agreement, including the start or pursuit of or participation in a legal proceeding to enforce a Receivable or otherwise related to a Receivable. If in a legal proceeding it is held that the Servicer may not enforce a Receivable on the basis ground that it is not a real party in interest or a holder entitled to enforce the Receivable, the Issuer will, at the Servicer’s expense and direction, assign the Receivable to the Servicer solely for that purpose or take steps to enforce the Receivable, including bringing suit in the names of the Indenture Trustee, the Noteholders and the Issuer.