Assignment under Security Agreement. The parties hereto, other than the Bond Trustee and the Guarantor, acknowledge that on the assignment pursuant to the Security Agreement by the Guarantor to the Bond Trustee of the Guarantor’s rights under this Agreement, the Bond Trustee may enforce such rights in the Bond Trustee’s own name without joining the Guarantor in any such action (which right such parties hereby waive) and such parties hereby waive as against the Bond Trustee any rights or equities in its favour arising from any course of dealing between one or more of such parties and the Guarantor.
Appears in 8 contracts
Samples: Agency Agreement, Agency Agreement (Scotiabank Covered Bond Guarantor Limited Partnership), Agency Agreement (BMO Covered Bond Guarantor Limited Partnership)
Assignment under Security Agreement. The parties hereto, other than the Bond Trustee and the Guarantor, acknowledge that on the assignment pursuant to the Security Agreement by the Guarantor to the Bond Trustee of the Guarantor’s rights under this Agreement, the Bond Trustee may enforce such rights in the Bond Trustee’s own name without joining the Guarantor in any such action (which right such parties Parties hereby waive) and such parties Parties hereby waive as against the Bond Trustee any rights or equities in its favour arising from any course of dealing between one or more of such parties and the Guarantor.
Appears in 3 contracts
Samples: Cash Management Agreement (BMO Covered Bond Guarantor Limited Partnership), Cash Management Agreement (Bank of Nova Scotia /), Cash Management Agreement
