Assignment by the Security Agent Sample Clauses
The "Assignment by the Security Agent" clause defines the conditions under which the security agent may transfer its rights and obligations under the agreement to another party. Typically, this clause outlines the process for assignment, such as requiring notice to the other parties or obtaining their consent, and may specify circumstances like a change in the security agent’s corporate structure or the need to appoint a successor. Its core practical function is to ensure continuity and clarity in the administration of security interests, minimizing disruption if the security agent changes.
Assignment by the Security Agent. The Security Agent may at any time assign or otherwise transfer all or any part of its rights under this Debenture in accordance with the Secured Debt Documents.
Assignment by the Security Agent. The Security Agent may at any time assign or otherwise transfer all or any part of its rights under this Deed in accordance with and subject to the Credit Agreement.
Assignment by the Security Agent. The Security Agent may at any time assign or otherwise transfer all or any part of its rights and obligations under this Debenture in accordance with the Finance Documents. The Security Agent shall be entitled to disclose such information concerning the Chargor and this Debenture as the Security Agent considers appropriate to any actual or proposed direct or indirect successor, replacement or additional agent and trustee for the Secured Parties or to any person to whom information may be required to be disclosed by any applicable law.