Assignment of Indemnities. The Seller acknowledges that, pursuant to the Loan and Servicing Agreement, the Purchaser shall assign its rights of indemnity hereunder to the Collateral Agent, on behalf of the Secured Parties. Upon such assignment, (a) the Collateral Agent, on behalf of the Secured Parties, shall have all rights of the Purchaser hereunder and may in turn assign such rights, and (b) the obligations of the Seller under this Article IX shall inure to the Collateral Agent, on behalf of the Secured Parties. The Seller agrees that, upon such assignment, the Collateral Agent, on behalf of the Secured Parties, may enforce directly, without joinder of the Purchaser, the indemnities set forth in this Article IX.
Assignment of Indemnities. The Seller acknowledges that, pursuant to the Second Tier Purchase and Sale Agreement, the Purchaser shall assign its rights of indemnity hereunder to the Borrower, and pursuant to the Loan and Servicing Agreement, the Borrower shall assign its rights of indemnity granted hereunder to the Trustee, on behalf of the Secured Parties. Upon such assignment, (a) the Trustee, on behalf of the Secured Parties, shall have all rights of the Purchaser hereunder and may in turn assign such rights, and (b) the obligations of the Seller under this Section 9.2 shall inure to the Trustee, on behalf of the Secured Parties. The Seller agrees that, upon such assignment, the Trustee, on behalf of the Secured Parties, may enforce directly, without joinder of the Purchaser or the Borrower, the indemnities set forth in this Article IX.
Assignment of Indemnities. Seller acknowledges that, pursuant to the Indenture, Buyer will assign its rights of indemnity granted hereunder to the Indenture Trustee. Upon such assignment, (i) the Noteholders and the Indenture Trustee shall have all rights of Buyer hereunder and may in turn assign such rights as permitted by the Indenture, and (ii) the obligations of Seller under this ARTICLE XII shall inure to the Noteholders or the Indenture Trustee. Seller agrees that, upon such assignment, the Noteholders and the Indenture Trustee or the assignee of any such Person, as applicable, may enforce directly, without joinder of Buyer, the indemnities set forth in this ARTICLE XII.
Assignment of Indemnities. The Seller acknowledges that, pursuant to the Sale and Servicing Agreement, the Buyer shall assign its rights of indemnity granted hereunder to the Administrative Agent, each Purchaser Agent, the Purchasers, the other Secured Parties, the Backup Servicer and the Collateral Custodian. Upon such assignment, (i) the Administrative Agent, each Purchaser Agent, the Purchasers, the other Secured Parties, the Backup Servicer and the Collateral Custodian as applicable, shall have all rights of the Buyer hereunder and may in turn assign such rights, and (ii) the obligations of the Seller under this Article IX shall inure to the Administrative Agent, each Purchaser Agent, the Backup Servicer or the Collateral Custodian. The Seller agrees that, upon such assignment, the Administrative Agent, each Purchaser Agent, the Purchasers, the other Secured Parties, the Backup Servicer and the Collateral Custodian or the assignee of any such Person, as applicable, may enforce directly, without joinder of the Buyer, the indemnities set forth in this Article IX.
Assignment of Indemnities. The indemnities under the contracts and agreements listed on Schedule 11.1.7.2 currently running to the Seller or its affiliates shall be effectively assigned to the Purchaser in such a fashion that the Purchaser will have the full benefits thereof.
Assignment of Indemnities. 24 ARTICLE VI MISCELLANEOUS SECTION 6.01. Notices, Etc......................................... 24 SECTION 6.02. No Waiver; Remedies.................................. 24 SECTION 6.03. Binding Effect; Assignability........................ 25 SECTION 6.04. No Proceedings....................................... 25 SECTION 6.05. Amendments; Consents and Waivers..................... 25
Assignment of Indemnities. The Seller acknowledges that, pursuant to the Sale and Servicing Agreement, the Buyer is assigning its rights of indemnity granted hereunder to the Administrative Agent, the Purchasers, the other Secured Parties, the Backup Servicer and the Collateral Custodian. Effective as of the Closing Date, (i) the Administrative Agent, the Purchasers, the other Secured Parties, the Backup Servicer and the Collateral Custodian as applicable, shall have all rights of the Buyer hereunder and may in turn assign such rights, and (ii) the obligations of the Seller under this Article IX shall inure to the Administrative Agent, the Backup Servicer or the Collateral Custodian. The Seller agrees that, upon such assignment, the Administrative Agent, the Purchasers, the other Secured Parties, the Backup Servicer and the Collateral Custodian or the assignee of any such Person, as applicable, may enforce directly, without joinder of the Buyer, the indemnities set forth in this Article IX.
Assignment of Indemnities. The Transferor acknowledges that, pursuant to the Credit Agreement, the Transferee shall assign its rights of indemnity hereunder to the Collateral Agent, on behalf of the Secured Parties. Upon such assignment, (a) the Collateral Agent, on behalf of the Secured Parties, shall have all rights of the Transferee hereunder and may in turn assign such rights, and (b) the obligations of the Transferor under this Section 8.2 shall inure to the Collateral Agent, on behalf of the Secured Parties. The Transferor agrees that, upon such assignment, the Collateral Agent, on behalf of the Secured Parties, may enforce directly, without joinder of the Transferee, the indemnities set forth in this Article IX.
Assignment of Indemnities. The Originator acknowledges that, to the extent permitted under the Purchase Agreement, MCF may assign its rights of indemnity granted hereunder and upon such assignment, such assignee shall have all rights of MCF hereunder and may in turn assign such rights. The Originator agrees that, upon such assignment, such assignee may enforce directly, without joinder of MCF, the indemnities set forth in this Article V. -27-
Assignment of Indemnities. The Transferor acknowledges that, pursuant to the Loan and Servicing Agreement, the Purchaser shall collaterally assign its rights of indemnity granted hereunder to the Collateral Agent, for the benefit of the Secured Parties. Upon the enforcement of such collateral assignment, (a) the Collateral Agent, for the benefit of the Secured Parties, shall have all rights of the Purchaser hereunder and may in turn collaterally assign such rights, and (b) the obligations of the Transferor under this ARTICLE IX shall inure to the Collateral Agent, for the benefit of the Secured Parties. The Transferor agrees that, upon the enforcement of such collateral assignment, the Collateral Agent, for the benefit of the Secured Parties, may enforce directly, without joinder of the Purchaser, the indemnities set forth in this ARTICLE IX.
