Common use of Assignment by the Issuer Clause in Contracts

Assignment by the Issuer. The Issuer, by means of the Indenture and as security for the payment of the principal of, purchase price of, and redemption premium, if any, and interest on the Bonds, and the obligations payable to the Credit Enhancer under the Letter of Credit Agreement, will assign, pledge and grant a security interest in certain of its rights, title and interests in, to and under this Loan Agreement, including Loan Payments and Additional Payments and other revenues, moneys and receipts received by it pursuant to this Loan Agreement, to the Trustee (reserving its Unassigned Issuer’s Rights).

Appears in 2 contracts

Samples: Loan Agreement (RBC Bearings INC), Loan Agreement (RBC Bearings INC)

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Assignment by the Issuer. The Issuer, by means of the Indenture and as security for the payment of the principal of, purchase price of, and redemption premium, if any, and interest on the Bonds, and the obligations payable to the Credit Enhancer under the Letter of Credit Agreement, will assign, pledge and grant a security interest in certain of its rights, title and interests in, to and under this Loan Agreement, including Loan Payments and Additional Payments and other revenues, moneys and receipts received by it pursuant to this Loan Agreement, to the Trustee (reserving its Unassigned Issuer’s 's Rights).

Appears in 2 contracts

Samples: Loan Agreement (Bremen Bearings Inc), Loan Agreement (Bremen Bearings Inc)

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