Common use of Rights of the Collateral Agent Clause in Contracts

Rights of the Collateral Agent. At any time: (a) The Collateral Agent may notify the Obligors of the Purchased Receivables, or any of them, of Triple-A's ownership interest in the Purchased Assets and direct such Obligors, or any of them, that payment of all amounts payable under any Purchased Receivable be made directly to Triple-A or its designee (including, without limitation, the Collateral Agent). (b) The Seller shall, at the Collateral Agent's or Triple-A's request and at the Seller's expense, give notice of Triple-A's interest in the Purchased Assets to each Obligor (in substantially the form of the Notice of Assignment) and direct that payments be made directly to Triple-A or its designee (including, without limitation, the Collateral Agent). (c) The Seller shall, at the Collateral Agent's request, assemble all Records which the Collateral Agent reasonably believes are necessary or appropriate for the administration and enforcement of the Purchased Assets, and shall make the same available to the Collateral Agent at a place selected by the Collateral Agent or its designee. (d) Each of the Seller and Triple-A hereby authorize the Collateral Agent to take any and all steps in the Seller's name and on behalf of the Seller necessary or desirable, in the determination of the Collateral Agent, to collect all amounts due under any and all Purchased Receivables or Related Security related thereto, including, without limitation, endorsing the Seller's name on checks and other instruments representing Collections and enforcing such Purchased Receivables and the related Contracts.

Rights of the Collateral Agent. At any time: (a) The Collateral Agent may notify the Obligors of the Purchased Receivables, or any of them, of Triple-A's ownership interest in the Purchased Assets and direct such Obligors, or any of them, that payment of all amounts payable under any Purchased Receivable be made directly to Triple-A or its designee (including, without limitation, the Collateral AgentAgent or ING). (b) The Seller shall, at the Collateral Agent's or Triple-A's request and at the Seller's expense, give notice of Triple-A's and ING's interest in the Purchased Assets to each Obligor (in substantially the form of the Notice of Assignment) and direct that payments be made directly to Triple-A or its designee (including, without limitation, the Collateral AgentAgent or ING). (c) The Seller shall, at the Collateral Agent's request, assemble all Records which the Collateral Agent reasonably believes are necessary or appropriate for the administration and enforcement of the Purchased Assets, and shall make the same available to the Collateral Agent at a place selected by the Collateral Agent or its designee. (d) Each of the Seller and Seller, Triple-A and ING hereby authorize the Collateral Agent to take any and all steps in the Seller's name and on behalf of the Seller necessary or desirable, in the determination of the Collateral Agent, to collect all amounts due under any and all Purchased Receivables or Related Security related thereto, including, without limitation, endorsing the Seller's name on checks and other instruments representing Collections and enforcing such Purchased Receivables and the related Contracts.

Rights of the Collateral Agent. At any time: (a) The Collateral Agent may notify the Obligors of the Purchased Receivables, or any of them, of Triple-A's the Purchasers’ and ING’s ownership interest interests in the Purchased Assets and direct such Obligors, or any of them, that payment of all amounts payable under any Purchased Receivable be made directly to Triple-A the Collateral Agent or its any other designee of the Purchasers (including, without limitation, the Collateral AgentING). (b) The Seller shall, at the Collateral Agent's or Triple-A's ’s request and at the Seller's ’s expense, give notice of Triple-A's interest the Purchasers’ and ING’s interests in the Purchased Assets to each Obligor (in substantially the form of the Notice of Assignment) and direct that payments be made directly to Triple-A the Collateral Agent or its any other designee of the Purchasers (including, without limitation, the Collateral AgentING). (c) The Seller shall, at the Collateral Agent's ’s request, assemble all Records which the Collateral Agent reasonably believes are necessary or appropriate for the administration and enforcement of the Purchased Assets, and shall make the same available to the Collateral Agent at a place selected by the Collateral Agent or its designee. (d) Each of the Seller Servicer, the Seller, each Purchaser, each other Agent and Triple-A ING hereby authorize the Collateral Agent to take any and all steps in the Seller's ’s name and on behalf of the Seller necessary or desirable, in the determination of the Collateral Agent, to collect all amounts due under any and all Purchased Receivables or Related Security related thereto, including, without limitation, endorsing the Seller's ’s name on checks and other instruments representing Collections and enforcing such Purchased Receivables and the related Contracts.