Common use of Rights of Liquidity Banks Clause in Contracts

Rights of Liquidity Banks. The Seller hereby agrees that, upon notice to the Seller, the Liquidity Banks may exercise all the rights of the Purchaser Agent and Purchaser in such Liquidity Bank’s Purchaser Group, with respect to the portion of the Asset Interest funded by such Purchaser Group (or any portions thereof), and Collections with respect thereto, which are owned by such Purchaser, and all other rights and interests of such Purchaser in, to or under this Agreement or any other Transaction Document. Without limiting the foregoing, upon such notice or at any time thereafter (but subject to any conditions applicable to the exercise of such rights by the Agents), the Liquidity Banks may request the Master Servicer to segregate such Purchaser’s allocable shares of Collections from the Seller’s allocable share, may require the Administrative Agent to give a Successor Notice pursuant to and in accordance with Section 8.1(b), may require the Administrative Agent to give notice to the Lockbox Banks as referred to in Section 8.5(b) and may direct the Administrative Agent to direct the Obligors of Pool Receivables to make payments in respect thereof directly to an account designated by them, in each case, to the same extent as such Purchaser Agent might have done.

Rights of Liquidity Banks. The Seller hereby agrees that, upon notice to the Seller, the Liquidity Banks may exercise all the rights of the related Purchaser Agent and Purchaser in such Liquidity Bank’s Purchaser Grouphereunder, with respect to the portion of the Asset Interest funded by such the related Purchaser Group (or any portions thereof), and Collections with respect thereto, which are owned by such the related Purchaser, and all other rights and interests of such the related Purchaser in, to or under this Agreement or any other Transaction Document. Without limiting the foregoing, upon such notice or at any time thereafter (but subject to any conditions applicable to the exercise of such rights by the Agents), the Liquidity Banks may request the Master Servicer to segregate such Purchaser’s Purchasers’ allocable shares of Collections from the Seller’s allocable share, may require the Administrative Agent to give a Successor Notice pursuant to and in accordance with Section 8.1(b), may give or require the Administrative Agent to give notice to the Lockbox Banks as referred to in Section 8.5(b) and may direct the Administrative Agent to direct the Obligors of Pool Receivables to make payments in respect thereof directly to an account designated by them, in each case, to the same extent as such Purchaser the Administrative Agent might have done.

Rights of Liquidity Banks. The Seller hereby agrees that, upon notice to the Seller, the Liquidity Banks may exercise all the rights of the related Purchaser Agent and the Purchaser in such Liquidity Bank’s Purchaser Grouphereunder, with respect to the portion of the Asset Interest funded by such the related Purchaser Group (or any portions thereof), and Collections with respect thereto, which are owned by such the related Purchaser, and all other rights and interests of such Purchaser the Purchasers in, to or under this Agreement or any other Transaction Document. Without limiting the foregoing, upon such notice or at any time thereafter (but subject to any conditions applicable to the exercise of such rights by the Agents), the Liquidity Banks may request the Master Servicer Servicers to segregate such Purchaser’s the Purchasers’ allocable shares of Collections from the Seller’s allocable share, may require the Administrative Agent to give a Successor Notice pursuant to and in accordance with Section 8.1(b), may give or require the Administrative Agent to give notice to the Lockbox Lock-Box Banks as referred to in Section 8.5(b8.3(b) and may direct the Administrative Agent to direct the Obligors of Pool Receivables to make payments in respect thereof directly to an account designated by them, in each case, to the same extent as such Purchaser the Administrative Agent might have done.

Rights of Liquidity Banks. The Seller hereby agrees that, upon notice to the Seller, the Liquidity Banks may exercise all the rights of the related Purchaser Agent and Purchaser in such Liquidity Bank’s Purchaser Grouphereunder, with respect to the portion 44 of the Asset Interest funded by such the related Purchaser Group (or any portions thereof), and Collections with respect thereto, which are owned by such the related Purchaser, and all other rights and interests of such the related Purchaser in, to or under this Agreement or any other Transaction Document. Without limiting the foregoing, upon such notice or at any time thereafter (but subject to any conditions applicable to the exercise of such rights by the Agents), the Liquidity Banks may request the Master Servicer to segregate such Purchaser’s Purchasers' allocable shares of Collections from the Seller’s 's allocable share, may require the Administrative Agent to give a Successor Notice pursuant to and in accordance with Section 8.1(b), may give or require the Administrative Agent to give notice to the Lockbox Banks as referred to in Section 8.5(b) and may direct the Administrative Agent to direct the Obligors of Pool Receivables to make payments in respect thereof directly to an account designated by them, in each case, to the same extent as such Purchaser the Administrative Agent might have done.

Rights of Liquidity Banks. The Seller hereby agrees that, upon notice to the Seller, the Liquidity Banks (as provided in the Liquidity Agreement) may exercise all the rights of the Purchaser Administrative Agent and Purchaser in such Liquidity Bank’s Purchaser Grouphereunder, with respect to the portion of the Asset Interest funded by such Purchaser Group (or any portions thereof), and Collections with respect thereto, which are owned by such the Purchaser, and all other rights and interests of such the Purchaser in, to or under this Agreement or any other Transaction Document. Without limiting the foregoing, upon such notice or at any time thereafter (but subject to any conditions applicable to the exercise of such rights by the AgentsAdministrative Agent), the Liquidity Banks (as provided in the Liquidity Agreement) may request the Master Servicer to segregate such the Purchaser’s 's allocable shares of Collections from the Seller’s 's allocable share, may require the Administrative Agent to give a Successor Notice pursuant to and in accordance with Section 8.1(b), may give or require the Administrative Agent to give notice to the Lockbox Banks as referred to in Section 8.5(b) and may direct the Administrative Agent to direct the Obligors of Pool Receivables to make payments in respect thereof directly to an account designated by them, in each case, to the same extent as such Purchaser the Administrative Agent might have done.