Common use of Assignment of Assets Clause in Contracts

Assignment of Assets. Pursuant to a Pooling and Servicing Agreement, the Company has sold to the related Trust without recourse all the right, title and interest of the Company in and to the Assets identified in such Pooling and Servicing Agreement, any and all rights, privileges and benefits accruing to the Company under the Sales Agreement(s) with respect to such Assets (except any rights of the Company to fees payable by the Seller under such Sales Agreement and provided that the Company shall retain its rights to indemnification from the Seller under such Sales Agreement, but shall also convey rights to such indemnification to the Trustee as its assignee), including the rights and remedies with respect to the enforcement of any and all representations, warranties and covenants under such Sales Agreements and assets included or to be included in the related Trust for the benefit of the related Certificateholders as set forth in the conveyance clause of the related Pooling and Servicing Agreement. Such assignment includes all of the Company's rights to payments due with respect to the Assets on and after the Cut-off Date.

Assignment of Assets. Pursuant to a Pooling and Servicing Agreement, the Company OMI has sold to the related Trust Trustee without recourse all the right, title and interest of the Company OMI in and to the Assets identified in such Pooling and Servicing Agreement, any and all rights, privileges and benefits accruing to the Company OMI under the Sales Agreement(s) with respect to such Assets (except any rights of the Company OMI to fees payable by the Seller under such Sales Agreement and provided that the Company OMI shall retain its rights to indemnification from the Seller under such Sales Agreement, but shall also convey rights to such indemnification to the Trustee as its assignee), including the rights and remedies with respect to the enforcement of any and all representations, warranties and covenants under such Sales Agreements and assets included or to be included in the related Trust for the benefit of the related Certificateholders as set forth in the conveyance clause of the related Pooling and Servicing Agreement. Such assignment includes all of the CompanyOMI's rights to payments due with respect to the Assets on and after the Cut-off Date.

Assignment of Assets. Pursuant to a Pooling and Servicing Agreement, the Company has sold to the related Trust Trustee without recourse all the right, title and interest of the Company in and to the Assets identified in such Pooling and Servicing Agreement, any and all rights, privileges and benefits accruing to the Company under the Sales Agreement(s) with respect to such Assets (except any rights of the Company to fees payable by the Seller under such Sales Agreement and provided that the Company shall retain its rights to indemnification from the Seller under such Sales Agreement, but shall also convey rights to such indemnification to the Trustee as its assignee), including the rights and remedies with respect to the enforcement of any and all representations, warranties and covenants under such Sales Agreements and assets included or to be included in the related Trust for the benefit of the related Certificateholders as set forth in the conveyance clause of the related Pooling and Servicing Agreement. Such assignment includes all of the Company's rights to payments due with respect to the Assets on and after the Cut-off Date.