Assignment and Acknowledgment. Pactiv NA hereby transfers and assigns to Xxxxxxxx BV which accepts, all of its obligations, rights and interests to and under the Pledge Agreement. Xxxxxxxx BV hereby (a) confirms, acknowledges and agrees that the Pactiv Corporation Pledged Partnership Interest continues to be subject to the Pledge Agreement and the Security Interest created thereunder, which continue to be in full force and effect subject to the Legal Reservations (as such term is defined in the Credit Agreement, as amended, extended, restructured, renewed, novated, supplemented, restated, refunded, replaced or modified from time to time); (b) acknowledges and ratifies all of the terms and conditions of the Pledge Agreement, including, without limitation, all obligations of the Pledgors under the Pledge Agreement; (c) agrees to be bound by the terms of the Pledge Agreement, in its capacity as pledgor thereunder, as new owner of the Pactiv Corporation Pledged Partnership Interest subject to the Security Interest; and (d) assumes, in its capacity as pledgor and as new owner of the Pactiv Corporation Pledged Partnership Interest subject to the Security Interest, all obligations of Pactiv NA arising out of the Pledge Agreement. In view of the foregoing, the Parties hereby expressly acknowledge and agree that all references in the Pledge Agreement to (i) “Pactiv Corporation” shall be understood and construed, to the applicable extent, as references to “Xxxxxxxx Packaging International B.V.” and (ii) the “Pledgors” shall be understood and construed as to include “Xxxxxxxx Packaging International B.V.” as new owner of the Pactiv Corporation Pledged Partnership Interest.
Assignment and Acknowledgment. The Depositor and Eligible Lender Trustee on its behalf hereby assign their rights under the Sales Agreement to the Issuer and the Eligible Lender Trustee on its behalf. The Depositor and the Eligible Lender Trustee on its behalf further acknowledge the further assignment of the Sales Agreement to the Indenture Trustee pursuant to the Indenture.
Assignment and Acknowledgment. The Executive hereby assigns to Nautica all rights, title and interests and his common law rights in the Marks, including the good will attached thereto. The Executive acknowledges that hereafter Nautica is and will be the sole owner of all right, title and interest in and to the Marks throughout the world.
Assignment and Acknowledgment. 3.2 The Xxxxxxx Trust hereby acknowledges, confirms and ratifies that the Xxxxxxx Trust assigned all right, title and interest in the Shares to the Purchasers pursuant to the Assignment and that this Agreement does not, and is not intended to, affect such Assignment. For the avoidance of doubt, the Xxxxxxx Trust acknowledges and agrees that the Rescission is with respect to the Original Transaction Documents (as assigned to the Purchasers pursuant to the Assignment) and that the Xxxxxxx Trust has no, and will not acquire any, interest in the Shares or the Original Transaction Documents, which were previously assigned to the Purchasers pursuant to the Assignment (the “Assignment and Acknowledgement”), as a result of the Recission.
