Common use of Further Assignments Clause in Contracts

Further Assignments. The Seller acknowledges that XXXX may, pursuant to the Further Transfer and Servicing Agreements, sell the Receivables to the Issuing Entity and assign its rights hereunder and under the First Step Receivables Assignments to the Issuing Entity, subject to the terms and conditions of the Further Transfer and Servicing Agreements, and that the Issuing Entity may in turn further pledge, assign or transfer its rights in the Receivables and this Agreement and the First Step Receivables Assignments. The Seller further acknowledges that XXXX may assign its rights under the Custodian Agreement to the Issuing Entity.

Appears in 22 contracts

Samples: Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-4), Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-4), Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-3)

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Further Assignments. The Seller acknowledges that XXXX may, pursuant to the Further Transfer and Servicing Agreements, sell the Receivables to the Issuing Entity and assign its rights hereunder and under the First Step Receivables Assignments Assignment to the Issuing Entity, subject to the terms and conditions of the Further Transfer and Servicing Agreements, and that the Issuing Entity may in turn further pledge, assign or transfer its rights in the Receivables and this Agreement and the First Step Receivables AssignmentsAssignment. The Seller further acknowledges that XXXX may assign its rights under the Custodian Agreement to the Issuing Entity.

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-3), Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-3), Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-2)

Further Assignments. The Seller acknowledges that XXXX CXXX may, pursuant to the Further Transfer and Servicing Agreements, sell the Receivables to the Issuing Entity and assign its rights hereunder and under the First Step Receivables Assignments Assignment to the Issuing Entity, subject to the terms and conditions of the Further Transfer and Servicing Agreements, and that the Issuing Entity may in turn further pledge, assign or transfer its rights in the Receivables and this Agreement and the First Step Receivables AssignmentsAssignment. The Seller further acknowledges that XXXX CXXX may assign its rights under the Custodian Agreement to the Issuing Entity.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2008-1), Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2007-2), Pooling and Servicing Agreement (Capital Auto Receivables LLC)

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Further Assignments. The Seller acknowledges that XXXX may, pursuant to the Further Transfer and Servicing Agreements, sell the Receivables to the Issuing Entity and assign its rights hereunder and under the First Step Receivables Assignments Assignment[s] to the Issuing Entity, subject to the terms and conditions of the Further Transfer and Servicing Agreements, and that the Issuing Entity may in turn further pledge, assign or transfer its rights in the Receivables and this Agreement and the First Step Receivables AssignmentsAssignment[s]. The Seller further acknowledges that XXXX may assign its rights under the Custodian Agreement to the Issuing Entity.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Capital Auto Receivables LLC), Pooling and Servicing Agreement (Capital Auto Receivables LLC), Pooling and Servicing Agreement (Capital Auto Receivables LLC)

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