Common use of Assignment of the Sale Agreement Clause in Contracts

Assignment of the Sale Agreement. The Borrower hereby collaterally assigns to the Trustee, for the ratable benefit of the Secured Parties hereunder, all of the Borrower’s right, title and interest in and to, but none of its obligations under, the Sale Agreement and any UCC financing statements filed under or in connection therewith. In furtherance and not in limitation of the foregoing, the Borrower hereby collaterally assigns to the Trustee for the benefit of the Secured Parties its right to indemnification under Article IX of the Sale Agreement. The Borrower confirms that following the occurrence of a Termination Event or Unmatured Termination Event the Trustee on behalf of the Secured Parties shall have the sole right to enforce the Borrower’s rights and remedies under the Sale Agreement and any UCC financing statements filed under or in connection therewith for the benefit of the Secured Parties.

Assignment of the Sale Agreement. The Borrower hereby collaterally assigns to the Trustee, for the ratable benefit of the Secured Parties hereunder, all of the Borrower’s right, title and interest in and to, but none of its obligations under, the Sale Agreement and any UCC financing statements filed under or in connection therewith. In furtherance and not in limitation of the foregoing, the Borrower hereby collaterally assigns to the Trustee for the benefit of the Secured Parties its right to indemnification under Article IX of the Sale Agreement. The Borrower confirms that following the occurrence of a Termination an Event of Default or following the occurrence and during the continuance of an Unmatured Termination Event of Default the Trustee on behalf of the Secured Parties shall have the sole right to enforce the Borrower’s rights and remedies under the Sale Agreement and any UCC financing statements filed under or in connection therewith for the benefit of the Secured Parties.

Assignment of the Sale Agreement. The Borrower hereby collaterally assigns to the TrusteeAdministrative Agent, for the ratable benefit of the Secured Parties hereunder, all of the Borrower’s right, title and interest in and to, but none of its obligations under, the Sale Agreement and any UCC financing statements filed under or in connection therewith. In furtherance and not in limitation of the foregoing, the Borrower hereby collaterally assigns to the Trustee Administrative Agent for the benefit of the Secured Parties its right to indemnification under Article IX of the Sale Agreement. The Borrower confirms that following at any time on or after the occurrence of a Termination Event or Unmatured Termination Event Event, the Trustee Administrative Agent on behalf of the Secured Parties Parties, shall have the sole right to enforce the Borrower’s rights and remedies under the Sale Agreement and any UCC financing statements filed under thereunder or in connection therewith for the benefit of the Secured PartiesParties in connection therewith.