Consent to Pledge and Assignment. (a) Each Grantor that holds any Pledged Interest in any Person hereby acknowledges and consents to the pledge and assignment by each other Grantor of its Pledged Interest in such Person pursuant to this Security Agreement as collateral security for all the Secured Obligations.
(b) Each Grantor that is a party to a Project Document with one or more other Loan Parties (each an "Obligor") hereby (i) acknowledges and consents to the pledge and assignment by each such Obligor to the Secured Party, pursuant to this Security Agreement, of all right, title and interest of such Obligor in, to and under (but not its obligations, liabilities or duties with respect to) each such Project Document as security for the Secured Obligations and (ii) confirms to the Secured Party that all representations, warranties, indemnities and agreements of such Grantor under such Project Document shall inure to the benefit of, and shall be enforceable by, the Secured Party to the same extent as if originally named in such Project Document.
(c) Each Grantor hereby grants to the Secured Party all consents, waivers and approvals required from such Grantor under any Project Document, applicable statute, rule, regulation or ordinance, or otherwise, in order for (i) the Issuer to issue the Notes and enter into the Loan Documents and (ii) the Secured Party to exercise any right or remedy under any Loan Document.
Consent to Pledge and Assignment. The Special Program Municipality hereby consents to the pledge and assignment by the Agency to the Trustee pursuant to the General Resolution as security for the Bonds, of (i) the Annual Payments and the rights under this Special Program Agreement to enforce the payment thereof, and (ii) the monies, securities, funds, accounts and other property pledged pursuant to the General Resolution, and agrees that the Annual Payments to be made hereunder shall be paid by the Special Program Municipality directly to the Trustee for the account of the Agency, and be applied in accordance with the terms of the General Resolution.
Consent to Pledge and Assignment. The Institution consents to and authorizes the assignment, transfer or pledge by the Authority to the Trustee of the Authority’s rights to receive any or all of the payments required to be made pursuant to Section 9(a) hereof, any or all security interests granted by the Institution hereunder, including without limitation the security interest in the Pledged Revenues given by the Institution pursuant to Section 11 hereof, the Mortgage, any security interest in the fixtures, furnishings and equipment located on any Mortgaged Property and the security interest in all funds and accounts established by the Resolution and pledged under the Resolution, in each case to secure any payment or the performance of any obligation of the Institution hereunder or arising out of the transactions contemplated hereby whether or not the right to enforce such payment or performance shall be specifically assigned by the Authority to the Trustee. The Institution further agrees that the Authority may pledge and assign to the Trustee any and all of the Authority’s rights and remedies hereunder. Upon any pledge and assignment by the Authority to the Trustee authorized by this Section, the Trustee shall be fully vested with all of the rights of the Authority so assigned and pledged and may thereafter exercise or enforce, by any remedy provided therefor hereby or by law, any of such rights directly in its own name. Any such pledge and assignment shall be limited to securing the Institution’s obligation to make all payments required hereby and to performing all other obligations required to be performed by the Institution hereunder. Any realization upon the Mortgaged Property or any pledge made or security interest granted hereby shall not, by operation of law or otherwise, result in cancellation or termination hereof or the obligations of the Institution hereunder.
