Examples of assignment in a sentence
Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Purchaser and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Purchaser hereunder), the processing and recordation fee referred to in Section 10.04(b) and any written consent to such assignment required by Section 10.04(b), the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register.
Also on the Assignment Date, and for an in consideration of the sum of $1.00, all inventory, furniture, fixtures, equipment, goods or personal property of SHSK located on the Premises as of the Assignment Date shall be transferred to and become the property of BBSTCS.
Each party hereto agrees that an assignment required pursuant to this paragraph may be effected pursuant to an Assignment and Assumption executed by the Borrower, the Administrative Agent and the assignee, and that the Lender required to make such assignment need not be a party thereto in order for such assignment to be effective.
Such assignments and assumptions are made pursuant to the terms, provisions and representations of the Assignment and Assumption attached as Exhibit E to the Credit Agreement as if each party hereto had executed and delivered an Assignment and Assumption (with the Effective Date, as defined therein, being the Third Amendment Effective Date).
BBSTCS shall be entitled, but not obligated, to inspect the Premises at any time prior to the Assignment Date.