Common use of Agreement as to Single Secured Party and Pledgor Clause in Contracts

Agreement as to Single Secured Party and Pledgor. The Counterparty and the Trust agree that, notwithstanding anything to the contrary in the recital to this Annex, Paragraph 1(b) or Paragraph 2 or the definitions of Paragraph 12, (a) the term “Secured Party” as used in this Annex shall mean only the Trust, (b) the term “Pledgor” as used in this Annex shall mean only the Counterparty, and (c) only the Counterparty makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9.

Appears in 8 contracts

Samples: Master Agreement, 2002 Master Agreement (Verizon Owner Trust 2020-A), 2002 Master Agreement (Verizon Owner Trust 2019-C)

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Agreement as to Single Secured Party and Pledgor. The Counterparty and the Trust agree that, notwithstanding anything to the contrary in the recital to this Annex, Paragraph 1(b) or Paragraph 2 or the definitions of Paragraph 12, (a) the term “Secured Party” as used in this Annex shall mean only the The Trust, (b) the term “Pledgor” as used in this Annex shall mean only the Counterparty, and (c) only the Counterparty makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9paragraph 9 and (d) only the Counterparty will be required to make Transfers of Eligible Credit Support hereunder.

Appears in 6 contracts

Samples: Disclosure Agreement, Master Agreement (SLM Student Loan Trust 2007-4), Disclosure Agreement (SLM Private Credit Student Loan Trust 2007-A)

Agreement as to Single Secured Party and Pledgor. The Counterparty and the Trust agree that, notwithstanding anything to the contrary in the recital to this Annex, Paragraph 1(b) or Paragraph 2 or the definitions of Paragraph 1212 of this Annex, (a) the term “Secured Party” as used in this Annex shall mean only the Trust, (b) the term “Pledgor” as used in this Annex shall mean only the Counterparty, and (c) only the Counterparty makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 99 of this Annex.

Appears in 2 contracts

Samples: 2002 Master Agreement (Verizon Master Trust), 2002 Master Agreement (Verizon Master Trust)

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Agreement as to Single Secured Party and Pledgor. The Counterparty and the Trust agree that, notwithstanding anything to the contrary in the recital to this Annex, Paragraph 1(b) or Paragraph 2 or the definitions of Paragraph 12, (a) the term “Secured Party” as used in this Annex shall mean only the Trust, (b) the term “Pledgor” as used in this Annex shall mean only the Counterparty, and (c) only the Counterparty makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9paragraph 9 and (d) only the Counterparty will be required to make Transfers of Eligible Credit Support hereunder.

Appears in 1 contract

Samples: Master Agreement (SLC Private Student Loan Trust 2006-A)

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