Common use of Assignment or Delegation by Company Clause in Contracts

Assignment or Delegation by Company. Except as specifically authorized hereunder, and except for its obligations as Servicer which are dealt with under Article V and Article VII, the Company may not convey and assign or delegate any of its rights or obligations hereunder absent the prior written consent of Certificateholders with aggregate Percentage Interests representing 66-2/3% or more of the Trust, and any attempt to do so without such consent shall be void. Notwithstanding the foregoing, the Company may not delegate its obligations under Section 8.03 hereof absent (a) the prior written consent of Certificateholders with aggregate Percentage Interests representing 66-2/3% or more of the Trust and the prior written confirmation of [rating agencies] that the rating of the Certificates will not be lowered or withdrawn following such delegation, or (b) the prior written consent of all of the Certificateholders, and any attempt to do so without such consent shall be void.

Assignment or Delegation by Company. Except as specifically authorized hereunder, and except for its obligations as Servicer which are dealt with under Article V and Article VII, the Company may not convey and assign or delegate any of its rights or obligations hereunder absent the prior written consent of Certificateholders with aggregate Percentage Interests representing 66-2/3% or more of the Trust, and any attempt to do so without such consent shall be void. Notwithstanding the foregoing, the Company may not delegate its obligations under Section 8.03 hereof absent (a) the prior written consent of Certificateholders with aggregate Percentage Interests representing 66-2/3% or more of the Trust and the prior written confirmation of [rating agencies] S&P and Fitch that the rating of the Certificates will not be lowered or withdrawn following such delegation, or (b) the prior written consent of all of the Certificateholders, and any attempt to do so without such consent shall be void.

Assignment or Delegation by Company. Except as specifically authorized hereunder, and except for its obligations as Servicer which are dealt with under Article V and Article VII, the Company may not convey and assign or delegate any of its rights or obligations hereunder absent the prior written consent of Certificateholders with aggregate Percentage Interests representing Holders of Certificates representing, in the aggregate, 66-2/3% or more of the TrustAggregate Certificate Principal Balance, and any attempt to do so without such consent shall be void. Notwithstanding the foregoing, the Company may not delegate its obligations under Section 8.03 hereof absent (a) the prior written consent of Certificateholders with aggregate Percentage Interests representing 66-2/3% or more of the Trust and the prior written confirmation of [rating agencies] S&P and Moody's that the rating of the Certificates will not be lowered or withdrawn following such delegation, or (b) the prior written consent of all of the Certificateholders, and any attempt to do so without such consent shall be void.

Assignment or Delegation by Company. Except as specifically authorized hereunder, and except for its obligations as Servicer which are dealt with under Article V and Article VII, the Company may not convey and assign or delegate any of its rights or obligations hereunder absent the prior written consent of Certificateholders with aggregate Percentage Interests representing 66-2/3% or more of the Trust, and any attempt to do so without such consent shall be void. Notwithstanding the foregoing, the Company may not delegate its obligations under Section 8.03 hereof absent (a) the prior written consent of Certificateholders with aggregate Percentage Interests representing 66-2/3% or more of the Trust and the prior written confirmation of [rating agencies] S&P and Moody's that the rating of the Certificates will not be lowered or withdrawn following such delegation, or (b) the prior written consent of all of the Certificateholders, and any attempt to do so without such consent shall be void.