Common use of Pledge to a Security Trustee Clause in Contracts

Pledge to a Security Trustee. Notwithstanding anything to the contrary set forth herein, any Conduit Purchaser may at any time pledge or grant a security interest in all or any portion of its interest in, to and under this Agreement (including, without limitation, rights to payment of Capital and Yield) and any other Transaction Document to a collateral trustee (or Person acting in a similar capacity) as collateral security in connection with such Conduit Purchaser’s asset-backed commercial paper note program, without notice to or the consent of the Seller, the Servicer, any Affiliate thereof or any Purchaser Party; provided, however, that that no such pledge shall relieve such assignor of its obligations under this Agreement.

Pledge to a Security Trustee. Notwithstanding anything to the contrary set forth herein, any Conduit Purchaser Purchaser, Program Support Provider or any of their respective Affiliates may at any time pledge or grant a security interest in all or any portion of its interest in, to and under this Agreement (including, without limitation, including rights to payment of Capital and Yield) and any other Transaction Document to a collateral security trustee (or Person acting in a similar capacity) as collateral security in connection with such a Conduit Purchaser’s asset-backed commercial paper note program, without notice to or the consent of the any Seller, the Servicer, any Affiliate thereof or any Purchaser Party; provided, however, that that no such pledge shall relieve such assignor of its obligations under this Agreement.

Pledge to a Security Trustee. Notwithstanding anything to the contrary set forth herein, any Conduit Purchaser Lender may at any time pledge or grant a security interest in all or any portion of its interest in, to and under this Agreement (including, without limitation, rights to payment of Capital and YieldInterest) and any other Transaction Document to a collateral trustee (or Person acting in a similar capacity) as collateral security in connection with such Conduit PurchaserLender’s asset-backed commercial paper note program, without notice to or the consent of the SellerBorrower, the Servicer, any Affiliate thereof or any Purchaser Credit Party; provided, however, that that no such pledge shall relieve such assignor of its obligations under this Agreement.

Pledge to a Security Trustee. Notwithstanding anything to the contrary set forth herein, any Conduit Purchaser may at any time pledge or grant a security interest in all or 751200428 16518096 any portion of its interest in, to and under this Agreement (including, without limitation, rights to payment of Capital and Yield) and any other Transaction Document to a collateral trustee (or Person acting in a similar capacity) as collateral security in connection with such Conduit Purchaser’s asset-backed commercial paper note program, without notice to or the consent of the Seller, the Servicer, any Affiliate thereof or any Purchaser Party; provided, however, that that no such pledge shall relieve such assignor of its obligations under this Agreement.

Pledge to a Security Trustee. Notwithstanding anything to the contrary set forth herein, any Conduit Purchaser Purchaser, Program Support Provider or any of their respective Affiliates may at any time pledge or grant a security interest in all or any portion of its interest in, to and under this Agreement (including, without limitation, including rights to payment of Capital and Yield) and any other Transaction Document to a collateral security trustee (or Person acting in a similar capacity) as collateral security in connection with such a Conduit Purchaser’s asset-backed commercial paper note program, without notice to or the consent of the Seller, the Servicer, any Affiliate thereof or any Purchaser Party; provided, however, that that no such pledge shall relieve such assignor of its obligations under this Agreement.

Pledge to a Security Trustee. Notwithstanding anything to the contrary set forth herein, any Conduit Purchaser Purchaser, Program Support Provider or any of their respective Affiliates may at any time pledge or grant a security interest in all or any portion of its interest in, to and under 110 this Agreement (including, without limitation, including rights to payment of Capital and Yield) and any other Transaction Document to a collateral security trustee (or Person acting in a similar capacity) as collateral security in connection with such a Conduit Purchaser’s asset-backed commercial paper note program, without notice to or the consent of the Seller, the Servicer, any Affiliate thereof or any Purchaser Party; provided, however, that that no such pledge shall relieve such assignor of its obligations under this Agreement.