Common use of Assignment by Collateral Manager Clause in Contracts

Assignment by Collateral Manager. Any assignment of this Agreement to any Person, in whole or in part, by the Collateral Manager shall be deemed null and void unless (i) such assignment is consented to in writing by the Issuer and the Required Investors and (ii) the assignee has executed and delivered to the Issuer, the Trustee and the Investor Agent a counterpart of this Agreement or another appropriate instrument accepting such assignment and naming such assignee as Collateral Manager. Upon the execution and delivery of such a counterpart or other instrument by the assignee, the Collateral Manager shall be released from further obligations pursuant to this Agreement, except with respect to the Collateral Manager’s obligations arising under Section 9 hereof prior to such assignment and except with respect to the Collateral Manager’s obligations under Sections 6 and 12 hereof.