Common use of ASSIGNMENT TO ADMINISTRATIVE AGENT Clause in Contracts

ASSIGNMENT TO ADMINISTRATIVE AGENT. The Seller hereby acknowledges and consents to any mortgage, pledge, assignment and grant of a security interest by the Borrower to the Administrative Agent for the benefit of the Secured Parties of or in all right, title and interest of the Borrower in, to and under the Receivables and Other Conveyed Property, and/or the assignment of any or all of the Borrower's rights and obligations hereunder to the Administrative Agent. All rights of the Borrower hereunder may be exercised by the Administrative Agent for the benefit of the Secured Parties or their assignees to the extent of their respective rights pursuant to such assignments. Any assignee (including, but not limited to, any Secured Party) is hereby intended by the parties hereto to be a third-party beneficiary of this Agreement.

ASSIGNMENT TO ADMINISTRATIVE AGENT. The Seller Each of the Sellers hereby acknowledges and consents to any mortgage, pledge, assignment and grant of a security interest by the Borrower to the Administrative Agent for the benefit of the Secured Parties of or in all right, title and interest of the Borrower in, to and under the Receivables and Other Conveyed Property, and/or the assignment of any or all of the Borrower's rights and obligations hereunder to the Administrative Agent. All rights of the Borrower hereunder may be exercised by the Administrative Agent for the benefit of the Secured Parties or their assignees to the extent of their respective rights pursuant to such assignments. Any assignee (including, but not limited to, any Secured Party) is hereby intended by the parties hereto to be a third-party beneficiary of this Agreement.