Assignment by Depositor Sample Clauses
The "Assignment by Depositor" clause defines the conditions under which the depositor may transfer their rights or obligations under the agreement to another party. Typically, this clause restricts the depositor from assigning the agreement without the prior written consent of the other party, ensuring that the original terms and responsibilities are maintained. By regulating assignments, the clause helps prevent unauthorized transfers that could affect the interests of the other parties involved, thereby maintaining control and stability within the contractual relationship.
Assignment by Depositor. Concurrently with the execution of this Agreement, the Depositor shall assign its interest under this Agreement with respect to the Mortgage Loans to the Trustee, and the Trustee then shall succeed to all rights of the Depositor under this Agreement. All references to the rights of the Depositor in this Agreement shall be deemed to be for the benefit of and exercisable by its assignee or designee, specifically including the Trustee.
Assignment by Depositor. The Depositor shall have the right, upon notice to but without the consent of the Sponsor, to assign, in whole or in part, its interest under this Agreement with respect to the Mortgage Loans to the Trustee, and the Trustee then shall succeed to all rights of the Depositor under this Agreement. All references to the Depositor in this Agreement shall be deemed to include its assignee or designee, specifically including the Trustee.
Assignment by Depositor. 7 ARTICLE II MISCELLANEOUS PROVISIONS
Assignment by Depositor. The Depositor does hereby transfer, assign and otherwise convey unto the Trustee, for the benefit of the Certificateholders and the Certificate Insurer, its right to any recourse to LBAC resulting from the occurrence of a breach of any of their respective representations and warranties contained in Section 3.2 of the Purchase Agreement or from the failure of LBAC to comply with its obligations pursuant to Section 5.5 of the Purchase Agreement. The provisions of this Section 2.5 are intended to grant the Trustee a direct right against LBAC to demand performance under the terms of the Purchase Agreement.
Assignment by Depositor. The Depositor shall have the right, upon notice to but without the consent of Lehman Capital, to assign, in whole or in part, its interest under t▇▇▇ ▇▇reement with respect to the Mortgage Loans to the Trustee, and the Trustee then shall succeed to all rights of the Depositor under this Agreement. All references to the Depositor in this Agreement shall be deemed to include its assignee or designee, specifically including the Trustee.
Assignment by Depositor. It is a fundamental term of this Agreement and the Deposit that they are not capable of being assigned, mortgaged, charged or otherwise dealt with by the Depositor. The Depositor shall not attempt or purport to do so.
Assignment by Depositor. The Depositor shall have the right without the consent of the Seller or United Mortgage Trust ("United"), to assign, in whole or in part, its interest under this Agreement with respect to the Mortgage Loans to the Trustee, and the Trustee then shall succeed to all rights of the Depositor under this Agreement. All references to the Depositor in this Agreement shall be deemed to include its assignee or designee, specifically including the Trustee.
Assignment by Depositor. The Depositor shall have the right, upon notice to but without the consent of LBHI, to assign, in whole or in part, its interest under this Agreement with respect to the Mortgage Loans to the Trustee, and the Trustee then shall succeed to all rights of the Depositor under this Agreement. All references to the Depositor in this Agreement shall be deemed to include its assignee or designee, specifically including the Trustee.
Assignment by Depositor. The Depositor does hereby transfer, assign and otherwise convey unto the Trustee, for the benefit of the Certificateholders, its right to any recourse to CPS resulting from the occurrence of a breach of any of CPS' representations and warranties contained in Section 3.2 of the Purchase Agreement. The provisions of this Section 2.5 are intended to grant the Trustee a direct right against CPS to demand performance under the terms of the Purchase Agreement.
Assignment by Depositor. 29 2.6. [Reserved]..............................................................29 2.7. Delivery of Receivable Files............................................29 2.8. Acceptance of Receivable Files by Trustee...............................29 2.9. Access to Receivable Files..............................................31