Common use of Assignments by the Subordinated Lender Clause in Contracts

Assignments by the Subordinated Lender. (a) The Subordinated Lender may assign to one or more members of the Volkswagen Group all or a portion of its rights under this Subordinated Loan Agreement provided, however, that (i) the Subordinated Lender's obligations under this Agreement shall remain unchanged, (ii) the Subordinated Lender shall remain solely responsible to the Issuer for the performance of such obligations, (iii) the Issuer shall continue to deal solely and directly with the Subordinated Lender in connection with the Subordinated Lender's rights and obligations under this Agreement, (iv) the Subordinated Lender shall notify the assignment to the relevant parties to the Transaction Documents and (v) the Subordinated Lender shall have secured the written consent from the Security Trustee prior to such assignment.

Assignments by the Subordinated Lender. (a) The Subordinated Lender may assign to one or more members of banks or other assignees within the Volkswagen Group group only all or a portion of its rights under this Subordinated Loan Agreement the Transaction Documents provided, however, that (i) the Subordinated Lender's obligations under this Agreement shall remain unchanged, (ii) the Subordinated Lender shall remain solely responsible to the Issuer for the performance of such obligations, (iii) the Issuer shall continue to deal solely and directly with the Subordinated Lender in connection with the Subordinated LenderXxxxxx's rights and obligations under this Agreement, (iv) the Subordinated Lender shall notify the assignment to the relevant parties to the Transaction Documents and Documents, (v) the Subordinated Lender shall have secured obtained the written consent from the Security Trustee prior to such assignment, and (vi) the new subordinated lender accedes to the Transaction Documents.

Assignments by the Subordinated Lender. (a) The Subordinated Lender may assign to one or more members of banks or other assignees within the Volkswagen Group group only all or a portion of its rights under this Subordinated Loan Agreement the Transaction Documents provided, however, that (i) the Subordinated Lender's obligations under this Agreement shall remain unchanged, (ii) the Subordinated Lender shall remain solely responsible to the Issuer for the performance of such obligations, (iii) the Issuer shall continue to deal solely and directly with the Subordinated Lender in connection with the Subordinated Lender's rights and obligations under this Agreement, (iv) the Subordinated Lender shall notify the assignment to the relevant parties to the Transaction Documents and Documents, (v) the Subordinated Lender shall have secured obtained the written consent from the Security Trustee prior to such assignment, and (vi) the new subordinated lender accedes to the Transaction Documents.

Assignments by the Subordinated Lender. (a) The Subordinated Lender may assign to one or more members of banks or other assignees within the Volkswagen Group only all or a portion of its rights under this Subordinated Loan Agreement the Transaction Documents provided, however, that (i) the Subordinated Lender's obligations under this Agreement shall remain unchanged, (ii) the Subordinated Lender shall remain solely responsible to the Issuer for the performance of such obligations, (iii) the Issuer shall continue to deal solely and directly with the Subordinated Lender in connection with the Subordinated LenderXxxxxx's rights and obligations under this Agreement, (iv) the Subordinated Lender shall notify the assignment to the relevant parties to the Transaction Documents and Documents, (v) the Subordinated Lender shall have secured obtained the written consent from the Security Trustee prior to such assignment, and (vi) the new subordinated lender accedes to the Transaction Documents.

Assignments by the Subordinated Lender. (a) The Subordinated Lender may assign to one or more members of banks or other assignees within the Volkswagen Group only all or a portion of its rights under this Subordinated Loan Agreement the Transaction Documents provided, however, that (i) the Subordinated Lender's obligations under this Agreement shall remain unchanged, (ii) the Subordinated Lender shall remain solely responsible to the Issuer for the performance of such obligations, (iii) the Issuer shall continue to deal solely and directly with the Subordinated Lender in connection with the Subordinated Lender's rights and obligations under this Agreement, (iv) the Subordinated Lender shall notify the assignment to the relevant parties to the Transaction Documents and Documents, (v) the Subordinated Lender shall have secured obtained the written consent from the Security Trustee prior to such assignment, and (vi) the new subordinated lender accedes to the Transaction Documents.