Common use of Assignment of Collateral Agent Rights by Bank of America to ALHC Clause in Contracts

Assignment of Collateral Agent Rights by Bank of America to ALHC. Pursuant to the Collateral Agent Assignment Agreement, dated as of July 16, 2008 (the “Collateral Agent Assignment Agreement”), between Bank of America, as assignor, and ALHC, as assignee, the Prior Warehouse Collateral Agent assigned to the Closed-End Collateral Agent certain of the property and rights held by the Prior Warehouse Collateral Agent under the Prior Collateral Documents. Any remaining rights and obligations of the Prior Warehouse Collateral Agent continued to inure to Bank of America following such assignment in its capacity as the Deal Agent under the Third Amended and Restated Collateral Agency Agreement dated as of July 16, 2008 (as amended from time to time prior to the date hereof, the “Existing Collateral Agency Agreement”) and the other Basic Documents (as such rights and obligations may be modified therein).

Appears in 4 contracts

Samples: Collateral Agency Agreement (World Omni LT), Collateral Agency Agreement (World Omni LT), Collateral Agency Agreement (World Omni LT)

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