Common use of Assignment of the Contribution Agreement Clause in Contracts

Assignment of the Contribution Agreement. The Borrower hereby assigns to the Collateral Agent, for the ratable benefit of the Secured Parties hereunder, all of the Borrower’s right, title and interest in and to, but none of its obligations under, the Contribution Agreement and the Hedging Agreement. The Borrower confirms that the Collateral Agent on behalf of the Secured Parties shall have the sole right to enforce the Borrower’s rights and remedies under the Contribution Agreement and the Hedging Agreement for the benefit of the Secured Parties.

Appears in 8 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

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Assignment of the Contribution Agreement. The Borrower hereby assigns to the Collateral Deal Agent, for the ratable benefit of the Secured Parties hereunder, all of the Borrower’s right, title and interest in and to, but none of its obligations under, the Contribution Agreement and the Hedging Agreement. The Borrower confirms that the Collateral Deal Agent on behalf of the Secured Parties shall have the sole right to enforce the Borrower’s rights and remedies under the Contribution Agreement and the Hedging Agreement for the benefit of the Secured Parties.

Appears in 4 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Assignment of the Contribution Agreement. The Borrower hereby assigns to the Collateral Agent, for the ratable benefit of the Secured Parties hereunder, all of the Borrower’s right, title and interest in and to, but none of its obligations under, the Contribution Agreement and the Hedging Agreement. The Borrower confirms that the Collateral Agent on behalf of the Secured Parties shall have the sole right to to, at the written direction of the Deal Agent, enforce the Borrower’s rights and remedies under the Contribution Agreement and the Hedging Agreement for the benefit of the Secured Parties.

Appears in 4 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Assignment of the Contribution Agreement. The Borrower hereby assigns to the Collateral Agent, for the ratable benefit of the Secured Parties hereunder, all of the Borrower’s right, title and interest in and to, but none of its obligations under, the Contribution Agreement and the Hedging Agreement. The Borrower confirms that the Collateral Agent on behalf of the Secured Parties shall have the sole right to to, at the written direction of the Deal Agent, enforce the Borrower’s rights and remedies under the Contribution Agreement and the Hedging Agreement for the benefit of the Secured Parties.

Appears in 3 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement and Backup Servicing Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Assignment of the Contribution Agreement. The Borrower hereby assigns to the Collateral Deal Agent, for the ratable benefit of the Secured Parties hereunder, all of the Borrower’s right, title and interest in and to, but none of its obligations under, the Contribution Agreement, the Hedging Agreement and the Hedging Agreementany other Transaction Documents. The Borrower confirms that the Collateral Deal Agent on behalf of the Secured Parties shall have the sole right to enforce the Borrower’s rights and remedies under the Contribution Agreement and the Hedging Agreement for the benefit of the Secured Parties.

Appears in 2 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corporation)

Assignment of the Contribution Agreement. The Borrower hereby assigns to the Collateral Deal Agent, for the ratable benefit of the Secured Parties hereunder, all of the Borrower’s 's right, title and interest in and to, but none of its obligations under, the Contribution Agreement and the Hedging Agreement. The Borrower confirms that the Collateral Deal Agent on behalf of the Secured Parties shall have the sole right to enforce the Borrower’s 's rights and remedies under the Contribution Agreement and the Hedging Agreement for the benefit of the Secured Parties.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corporation)

Assignment of the Contribution Agreement. The Borrower hereby assigns to the Collateral Deal Agent, for the ratable benefit of the Secured Parties hereunder, all of the Borrower’s 's right, title and interest in and to, but none of its obligations under, the Contribution Agreement and the Hedging Agreement. The Borrower confirms that the Collateral Deal Agent on behalf of the Secured Parties shall have the sole right to enforce the Borrower’s 's rights and remedies under the Contribution Agreement and the Hedging Agreement for the benefit of the Secured Parties.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corporation)

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Assignment of the Contribution Agreement. The Borrower hereby assigns to the Collateral Agent, for the ratable benefit of the Secured Parties hereunder, all of the Borrower’s right, title and interest in and to, but none of its obligations under, the Contribution Agreement and the Hedging Agreement. The Borrower confirms that the Collateral Agent on behalf of the Secured Parties shall have the sole right to to, at the written direction of the Deal Agent (acting at the direction, or with the consent, of the Required Lenders), enforce the Borrower’s rights and remedies under the Contribution Agreement and the Hedging Agreement for the benefit of the Secured Parties.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

Assignment of the Contribution Agreement. The Borrower hereby assigns to the Collateral Deal Agent, for the ratable benefit of the Secured Parties hereunder, all of the Borrower’s 's right, title and interest in and to, but none of its obligations under, the Contribution Agreement and the Hedging Hedge Agreement. The Borrower confirms that the Collateral Deal Agent on behalf of the Secured Parties shall have the sole right to enforce the Borrower’s 's rights and remedies under the Contribution Agreement and the Hedging Agreement for the benefit of the Secured Parties.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corporation)

Assignment of the Contribution Agreement. The Borrower hereby assigns to the Collateral Deal Agent, for the ratable benefit of the Secured Parties hereunder, all of the Borrower’s right, title and interest in and to, but none of its obligations under, the Contribution Agreement, any Hedging Agreement and the Hedging Agreementany other Transaction Documents. The Borrower confirms that the Collateral Deal Agent on behalf of the Secured Parties shall have the sole right to enforce the Borrower’s rights and remedies under the Contribution Agreement and the any Hedging Agreement for the benefit of the Secured Parties.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

Assignment of the Contribution Agreement. The Borrower hereby assigns to the Collateral Agent, for the ratable benefit of the Secured Parties hereunder, all of the Borrower’s right, title and interest in and to, but none of its obligations under, the Contribution 53 Agreement and the Hedging Agreement. The Borrower confirms that the Collateral Agent on behalf of the Secured Parties shall have the sole right to to, at the written direction of the Deal Agent, enforce the Borrower’s rights and remedies under the Contribution Agreement and the Hedging Agreement for the benefit of the Secured Parties.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

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