Issuer's Rights of Assignment. The Issuer may, only in accordance with the Indenture, assign this Agreement and the Loan Payments thereunder and pledge the moneys receivable hereunder to the Trustee as security for payment of principal of, and premium, if any, and interest on, the Bonds. The Company hereby assents to such assignment and agrees that the Trustee may exercise and enforce in accordance with the Indenture any of such rights of the Issuer under this Agreement. Any such assignment, however, shall be subject to all of the rights and privileges of the Company as provided in this Agreement.
Appears in 2 contracts
Sources: Loan Agreement (Dte Energy Co), Loan Agreement (Dte Energy Co)