Common use of Assignment of Liabilities Clause in Contracts

Assignment of Liabilities. If at any time or times by sale, assignment, negotiation, pledge, or otherwise, Grantee transfers any or all of the indebtedness or instruments secured hereby, such transfer shall, unless otherwise specified in writing, carry with it Grantee's rights and remedies hereunder with respect to such indebtedness or instruments transferred, and the transferee shall become vested with such rights and remedies whether or not they are specifically referred to in the transfer. If and to the extent Grantee retains any of such indebtedness or instruments, Grantee shall continue to have the rights and remedies herein set forth with respect thereto.