Transfer of Conveyed Assets. Each Seller, Receivables III and each Investor understands that the Trust intends to pledge the Pledged Property to the Indenture Trustee on behalf of the Note Insurer and the Noteholders, pursuant to the Indenture. Each Seller and each Investor agrees that such assignee of the Trust may exercise the rights of the Trust hereunder and shall be entitled to all of the benefits of the Trust hereunder to the extent provided for in such assignment.
Appears in 3 contracts
Samples: Receivables Transfer Agreement (First Sierra Receivables Iii Inc), Receivables Transfer Agreement (First Sierra Receivables Iii Inc), Receivables Transfer Agreement (First Sierra Receivables Iii Inc)
Transfer of Conveyed Assets. Each Seller, Receivables III and each Investor understands that the Trust intends to pledge the Pledged Property to the Indenture Trustee on behalf of the Note Insurer and the Noteholders, pursuant to the Indenture. Each Seller Seller, Receivables III and each Investor agrees that such assignee of the Trust may exercise the rights of the Trust hereunder and shall be entitled to all of the benefits of the Trust hereunder to the extent provided for in such assignment.
Appears in 2 contracts
Samples: Receivables Transfer Agreement (First Sierra Receivables Iii Inc), Receivables Transfer Agreement (First Sierra Receivables Iii Inc)
Transfer of Conveyed Assets. Each Seller, Receivables III and each Investor understands that the Trust intends to pledge the Pledged Property to the Indenture Trustee on behalf of the Note Insurer and the Noteholders, pursuant to the Indenture. Each Seller and each Investor agrees that such assignee of the Trust may exercise the rights of the Trust hereunder and shall be entitled to all of the benefits of the Trust hereunder to the extent provided for in such assignment.
Appears in 1 contract
Samples: Receivables Transfer Agreement (First Sierra Receivables Iii Inc)
