Common use of Assignment by way of Security Clause in Contracts

Assignment by way of Security. In addition to the other assignment rights provided in this Clause 27, each Lender may assign, as collateral or otherwise, any of its rights under this Agreement (including rights to payments of principal or interest on the Loans) to any trustee for the benefit of the holders of such Lender’s securities, provided that no such assignment shall release the assigning Lender from any of its obligations under this Agreement.