Common use of Rights of the Issuer Clause in Contracts

Rights of the Issuer. (a) Subject to Section 8.4(b), the Seller hereby authorizes the Issuer and its assignees and designees to take any and all steps in the Seller’s name and on behalf of the Seller that the Issuer, the Servicer and/or their respective designees determine are reasonably necessary or appropriate to collect all amounts due under any and all KF Purchased Assets, including without limitation endorsing the name of the Seller on checks and other instruments representing Pool Collections and enforcing such KF Purchased Assets. (b) The Issuer and its assignees shall have no obligation to account for, to replace, to substitute or to return any KF Purchased Asset to the Seller. (c) The Issuer and its assignees shall have the unrestricted right to further assign, transfer, deliver, hypothecate, subdivide or otherwise deal with the KF Purchased Assets and all of the right, title and interest of the Issuer and its assignees in, to and under this Agreement on whatever terms the Issuer and its assignees determine, pursuant to the Indenture or otherwise. (d) As between the Seller and the Issuer, the Issuer shall have the sole right to retain any gains or profits created by buying, selling or holding the KF Purchased Assets.

Rights of the Issuer. (a) Subject to Section 8.4(b), the Seller Originator hereby authorizes the Issuer and its assignees and designees to take any and all steps in the SellerOriginator’s name and on behalf of the Seller Originator that the Issuer, the Servicer and/or their respective designees determine are reasonably necessary or appropriate to collect all amounts due under any and all KF CMSC Fee Purchased Assets, including without limitation endorsing the name of the Seller Originator on checks and other instruments representing Pool Fee Collections and enforcing such KF CMSC Fee Purchased Assets. (b) The Issuer and its assignees shall have no obligation to account for, to replace, to substitute or to return any KF CMSC Fee Purchased Asset to the SellerOriginator. (c) The Issuer and its assignees shall have the unrestricted right to further assign, transfer, deliver, hypothecate, subdivide or otherwise deal with the KF CMSC Fee Purchased Assets and all of the right, title and interest of the Issuer and its assignees in, to and under this Agreement on whatever terms the Issuer and its assignees determine, pursuant to the Indenture or otherwise. (d) As between the Seller Originator and the Issuer, the Issuer shall have the sole right to retain any gains or profits created by buying, selling or holding the KF CMSC Fee Purchased Assets.

Rights of the Issuer. (a) Subject to Section 8.4(b), the Seller Originator hereby authorizes the Issuer and its assignees and designees to take any and all steps in the SellerOriginator’s name and on behalf of the Seller Originator that the Issuer, the Servicer and/or their respective designees determine are reasonably necessary or appropriate to collect all amounts due under any and all KF Cartus Fee Purchased Assets, including without limitation endorsing the name of the Seller Originator on checks and other instruments representing Pool Fee Collections and enforcing such KF Cartus Fee Purchased Assets. (b) The Issuer and its assignees shall have no obligation to account for, to replace, to substitute or to return any KF Cartus Fee Purchased Asset to the SellerOriginator. (c) The Issuer and its assignees shall have the unrestricted right to further assign, transfer, deliver, hypothecate, subdivide or otherwise deal with the KF Cartus Fee Purchased Assets and all of the right, title and interest of the Issuer and its assignees in, to and under this Agreement on whatever terms the Issuer and its assignees determine, pursuant to the Indenture or otherwise. (d) As between the Seller Originator and the Issuer, the Issuer shall have the sole right to retain any gains or profits created by buying, selling or holding the KF Cartus Fee Purchased Assets.