Common use of Assignment to Trustee Clause in Contracts

Assignment to Trustee. It is understood that this Agreement and all rights of the Transferor hereunder and with respect to the Contributed Property will be assigned by the Transferor to the Issuer, and then assigned by the Issuer to the Trustee, for the benefit of the Trustee and the Noteholders, and may be subsequently assigned by the Trustee to any successor Trustee. Each of the Contributor and the Servicer hereby expressly agrees to each such assignment and agrees that all of its duties, covenants, obligations, indemnities, representations and warranties hereunder, and all of the rights and remedies of the Transferor hereunder, shall be for the benefit of, and may be enforced directly by, the Issuer, the Trustee, the Noteholders and any successor to or assignee of any thereof.

Assignment to Trustee. It is understood that this Agreement and all rights of the Transferor hereunder and with respect to the Contributed Property will be assigned by the Transferor to the Issuer, and then assigned by the Issuer to the Trustee, for the benefit of the Trustee and the NoteholdersNoteholders and the Swap Provider, and may be subsequently assigned by the Trustee to any successor Trustee. Each of the Contributor and the Servicer hereby expressly agrees to each such assignment and agrees that all of its duties, covenants, obligations, indemnities, representations and warranties hereunder, and all of the rights and remedies of the Transferor hereunder, shall be for the benefit of, and may be enforced directly by, the Issuer, the Trustee, the Swap Provider, the Noteholders and any successor to or assignee of any thereof.

Assignment to Trustee. It is understood that this Agreement and all rights of the Transferor hereunder and with respect to the Contributed Property will be assigned by the Transferor to the Issuer, and then assigned by the Issuer to the Trustee, for the benefit of the Trustee and the NoteholdersSecurityholders, and may be subsequently assigned by the Trustee to any successor Trustee. Each of the Contributor and the Servicer hereby expressly agrees to each such assignment and agrees that all of its duties, covenants, obligations, indemnities, representations and warranties hereunder, and all of the rights and remedies of the Transferor hereunder, shall be for the benefit of, and may be enforced directly by, the Issuer, the Trustee, the Noteholders Securityholders and any successor to or assignee of any thereof.

Assignment to Trustee. It is understood that this Agreement and all rights of the Transferor hereunder and with respect to the Contributed Property will be assigned by the Transferor to the Issuer, and then assigned by the Issuer to the Trustee, for the benefit of the Trustee and the NoteholdersNoteholders and the Swap Providers, and may be subsequently assigned by the Trustee to any successor Trustee. Each of the Contributor and the Servicer hereby expressly agrees to each such assignment and agrees that all of its duties, covenants, obligations, indemnities, representations and warranties hereunder, and all of the rights and remedies of the Transferor hereunder, shall be for the benefit of, and may be enforced directly by, the Issuer, the Trustee, the Swap Providers, the Noteholders and any successor to or assignee of any thereof.