Common use of Manufacturer’s Consent Clause in Contracts

Manufacturer’s Consent. The Manufacturer hereby acknowledges and consents to the assignment, pledge and grant of a security interest in the Assigned Program Rights of each Assignor to the Assignee and hereby agrees to recognize the Assignee as the holder of the interest of each Assignor in the Assigned Program Rights from and after the date of this Agreement and hereby acknowledges that the Assignee has the right to enforce the Assigned Program Rights against the Manufacturer. Each Assignor irrevocably instructs the Manufacturer to pay directly to the Assignee, to the account specified by the Assignee, all amounts now or hereafter payable to such Assignor under the Manufacturer Programs in respect of the Assigned Program Rights. Each Assignor waives all claims against the Manufacturer and releases it from all liability arising in connection with any such payments by the Manufacturer to the Assignee.

Manufacturer’s Consent. The Manufacturer hereby acknowledges and consents to the assignment, pledge and grant of a security all right, title and interest in the Assigned Program Rights of each Assignor in and to the Manufacturer Program to the Assignee and hereby agrees to recognize the Assignee as the holder of the interest of each Assignor in under the Assigned Manufacturer Program Rights from and after the date of this Agreement and hereby acknowledges that the Assignee has the right to enforce the Assigned Manufacturer Program Rights against the Manufacturer. Each Assignor irrevocably instructs the Manufacturer to pay directly to the Assignee, to the account specified by the Assignee, all amounts now or hereafter payable to such Assignor under the Manufacturer Programs in respect of the Assigned Program RightsProgram. Each Assignor waives all claims against the Manufacturer and releases it from all liability arising in connection with any such payments by the Manufacturer to the Assignee.