Common use of Transfer to the Issuer Clause in Contracts

Transfer to the Issuer. The Seller acknowledges and agrees that (a) the Purchaser will, pursuant to the Sale and Servicing Agreement, transfer and assign the Receivables and assign its rights under this Agreement with respect thereto to the Issuer and the Issuer will pledge the Receivables to the Indenture Trustee and (b) the Purchaser will pledge the Eligible Investment Receivables and assign its rights under this Agreement with respect thereto to the Collateral Agent and (c) the representations and warranties contained in this Agreement and the rights of the Purchaser under this Agreement, including under Section 6.02, are intended to benefit the Issuer, the Noteholders, the Certificateholders and the Security Insurer. The Seller hereby consents to such transfers and assignments.