Common use of Transfers of Interest Clause in Contracts

Transfers of Interest. Pledgee may transfer its interest in the Pledged Securities, or any part thereof, to any replacement or successor agent under the Credit Agreement, who shall thereupon become vested with all the rights, remedies, powers, security interests and liens herein granted to Pledgee in respect of the Pledged Securities or the transferred part thereof, subject, however, to the restrictions contained herein.