The Issuer and the Indenture Trustee for the benefit of the 2012-B Secured Parties will be third-party beneficiaries of this Agreement entitled to enforce this Agreement against the Seller.
No separate trustee or co-trustee will be required to meet the terms of eligibility as a successor trustee under Section 6.11 and no notice to the 2012-B Secured Parties of the appointment of any separate trustee or co-trustee will be required under Section 6.8.
The successor Indenture Trustee will deliver a notice of its succession to the 2012-B Secured Parties.
The Depositor acknowledges that the Issuer will, pursuant to the Indenture, assign and pledge the Second-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 2012-B Secured Parties.
Nothing in this Indenture or in the Notes, express or implied, will give to any Person, other than the parties to this Indenture and their successors under this Indenture, and the 2012-B Secured Parties and any other party with rights to payments or distributions under this Indenture, and any other Person with an ownership interest in any portion of the 2012-B Collateral, any benefit or any legal or equitable right, remedy or claim under this Indenture.