Common use of Perfection of Assignment Clause in Contracts

Perfection of Assignment. 4.1 The Settlor shall obtain written approval of the Third Party Obligor bearing a certified date (kakutei-hizuke) in the form prescribed in the Schedule to this Amendment Agreement with respect to the Trust Assignment under the Original Trust Agreement (as amended under this Amendment Agreement) and the transfer of the Trust Receivables provided in the preceding Clause and deliver such written approval to the Trustee. 4.2 The Settlor shall bear all expenses necessary for the procedures set forth in Clause 4.1.