Common use of Assignment of Indemnities Clause in Contracts

Assignment of Indemnities. The Originator acknowledges that, to the extent permitted under the Purchase Agreement, MCF may assign its rights of indemnity granted hereunder and upon such assignment, such assignee shall have all rights of MCF hereunder and may in turn assign such rights. The Originator agrees that, upon such assignment, such assignee may enforce directly, without joinder of MCF, the indemnities set forth in this Article V. -27-

Assignment of Indemnities. The Originator acknowledges that, to the extent permitted under the Purchase Agreement, MCF may assign its rights of indemnity granted hereunder and upon such assignment, such assignee shall have all rights of MCF hereunder and may in turn assign such rights. The Originator agrees that, upon such assignment, such assignee may enforce directly, without joinder of MCF, the indemnities set forth in this Article V. -27-V.