Common use of Obligations of Assignees and Transferees Clause in Contracts

Obligations of Assignees and Transferees. If, other than pursuant hereto, the Original Seller in any manner assigns or transfers any right or obligation with respect to any Other Indebtedness or any property constituting Common Collateral, the Original Seller shall make such assignment or transfer subject to the provisions of this Section 6.03 and shall require such assignee or transferee to acknowledge that it takes such assignment or transfer subject to the provisions of this Section 6.03 and to agree that it shall require the same acknowledgment from any subsequent assignee or transferee.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Gs Mortgage Securities Corp), Pooling and Servicing Agreement (Ace Securities Corp), Pooling and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp)

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Obligations of Assignees and Transferees. If, other than pursuant hereto, the Original Seller in any manner assigns or transfers any right or obligation with respect to any Other Indebtedness or any property constituting Common Collateral, the Original Seller shall make such assignment or transfer subject to the provisions of this Section 6.03 and shall require such assignee or transferee to acknowledge that it takes such assignment or transfer subject to the provisions of this Section 6.03 and to agree that it shall require the same acknowledgment from any subsequent assignee or transferee.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Ally Wholesale Enterprises LLC), Pooling and Servicing Agreement (Wholesale Auto Receivables LLC), Pooling and Servicing Agreement (SWIFT Master Auto Receivables Trust)

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