Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20[__]-[__] SUBI Certificate and the 20[__]-[__] SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.
Appears in 6 contracts
Samples: Certificate Transfer Agreement (Financial Services Vehicle Trust), Transfer Agreement (Financial Services Vehicle Trust), Subi Certificate Transfer Agreement (Financial Services Vehicle Trust)
Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20[__]-[____]-[_] SUBI Certificate and the 20[__]-[____]-[_] SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.
Appears in 1 contract
Samples: Certificate Transfer Agreement (BMW Auto Leasing LLC)
