Common use of Transfer of Seller's Interest to Designated Affiliate Clause in Contracts

Transfer of Seller's Interest to Designated Affiliate. (a) Notwithstanding anything to the contrary contained in this Agreement, DCWR may sell, transfer, assign and otherwise convey all, but not less than all, of its right, title and interest in the Collateral of the Trust, the Seller's Interest, the DCMOT Certificate, this Agreement, the Related Documents and any other agreement, document or instrument relating to this Agreement or the transactions contemplated hereby and its obligations as Seller hereunder and thereunder to a Designated Affiliate (such transaction is referred to herein as the "Designated Affiliate Transfer"); provided that such Designated Affiliate assumes the performance of every covenant and obligation of DCWR under this Agreement, the Related Documents and any such other agreement, document or instrument. Such assignment and assumption shall automatically occur ten Business Days following the date notice thereof is given by DCWR to the Trust, the Trustee, the Rating Agencies, any Agent and any Enhancement Providers or on such later date as of which the conditions set forth in Section 7.04(b) are satisfied.

Transfer of Seller's Interest to Designated Affiliate. (a) Notwithstanding anything to the contrary contained in this Agreement, DCWR may sell, transfer, assign and otherwise convey all, but not less than all, of its right, title and interest in the Collateral of the TrustTrust Assets, the Seller's Interest, the DCMOT CARCO Certificate, this Agreement, the Related Documents and any other agreement, document or instrument relating to this Agreement or the transactions contemplated hereby and its obligations as Seller hereunder and thereunder to a Designated Affiliate (such transaction is referred to herein as the "Designated Affiliate Transfer"); provided that such Designated Affiliate assumes the performance of every covenant and obligation of DCWR under this Agreement, the Related Documents and any such other agreement, document or instrument. Such assignment and assumption shall automatically occur ten 10 Business Days following the date notice thereof is given by DCWR to the Trust, the Trustee, the Rating Agencies, any Agent and any Enhancement Providers or on such later date as of which the conditions set forth in Section 7.04(b) are satisfied.

Transfer of Seller's Interest to Designated Affiliate. (a) Notwithstanding anything to the contrary contained in this Agreement, DCWR may sell, transfer, assign and otherwise convey all, but not less than all, of its right, title and interest in the Collateral of the TrustTrust Assets, the Seller's Interest, the DCMOT CARCO Certificate, this Agreement, the Related Documents and any other agreement, document or instrument relating to this Agreement or the transactions contemplated hereby and its obligations as Seller hereunder and thereunder to a Designated Affiliate (such transaction is referred to herein as the "Designated Affiliate Transfer"); provided that such Designated Affiliate assumes the performance of every covenant and obligation of DCWR under this Agreement, the Related Documents and any such other agreement, document or instrument. Such assignment and assumption shall automatically occur ten Business Days following the date notice thereof is given by DCWR to the Trust, the Trustee, the Rating Agencies, any Agent and any Enhancement Providers or on such later date as of which the conditions set forth in Section 7.04(b) are satisfied.