Assignment of Debt Sample Clauses

Assignment of Debt. You agree that we may assign or transfer any debt owed by you to us, arising under or in connection with this Agreement, to a debt collector, debt collection agency, or other third party.

Assignment of Debt. In the case where outstanding Fees have been assigned to this agreement from the agreement between the School and the Parents for the educational services provided to the Pupil at Leicester Grammar Junior School, the School shall be at liberty to take such steps as it deems necessary to recover those outstanding Fees in accordance with these terms and conditions.

Assignment of Debt. In consideration for the payment by the Investor to BlueCrest of the sum of $139,728.82, BlueCrest hereby assigns and endorses to the Investor the B Note (the “Assignment”) in the form attached hereto as Exhibit B-2. 1.1. The Investor hereby accepts the Assignment and the Issuer acknowledges the Assignment; 1.2. The Issuer confirms that BlueCrest advanced funds to the Issuer represented by the Debt on or before December 2009, and agrees, acknowledges, consents and stipulates, that full consideration has been rendered for said Debt and hereby waives any and all objections thereto; 1.3. THE INVESTOR ACKNOWLEDGES AND AGREES THAT BLUECREST SHALL HAVE NO LIABILITY TO THE INVESTOR IN THE EVENT OF DEFAULT BY THE ISSUER UNDER THIS AGREEMENT OR THE B NOTE.

Assignment of Debt. The Customer agrees that the Supplier may assign or transfer any debt owed by the Customer to the Supplier, arising under or in connection with this Agreement, to a debt collector, debt collection agency, or other third party.

Assignment of Debt. It is known that the Debtor is indebted to the Creditor, under a separate agreement, for the current principal sum of $[CURRENT DEBT AMOUNT], plus any interest (“Debt”). Under this Agreement, the Assuming Party agrees to assume: (choose one) ☐ - All of the Debt. ☐ - Portion of the Debt. The Assuming Party agrees to assume $[PORTION OF DEBT AMOUNT]. The Debt shall continue its repayment in accordance with the terms located in a separate agreement between the Debtor and Creditor.

Assignment of Debt. You agree that Xxxxx and/or Zoomo may assign or transfer any debt owed by you to Lumos and/or Zoomo, arising under or in connection with this Agreement, to a debt collector, debt collection agency, or other third party.

Assignment of Debt. Where the customer has agreed for an outstanding Debt to be assigned to the Proposing User, an “Agreement to assign debt in principle” form (see Appendix C) will be completed and signed by both the Existing Registered User and the Proposing User to formalise the agreement. The form will be initiated by the Proposing User with the express agreement of the customer and sent to the Existing Registered User for completion within 5 working days from receipt of the Debt Contact Notification. The Existing Registered User will complete and return the signed form to the Proposing User within 3 working days of its receipt. It should be noted that the Debt amount will include a preliminary estimate for the final xxxx (energy consumed between the last xxxx and SMP Registration date) which will be updated once the COS has been completed and the final xxxx amount calculated. Once the form has been duly completed and authorised by both parties, on the agreed date of transfer (typically the SMP Registration date), the ownership for the debt will transfer from the Existing Registered User to the Proposing User. The Existing Registered User shall forward a copy of the agreement to the customer as confirmation for the exact amount of the debt that has been transferred to the customer’s Proposing User (Appendix D).

Assignment of Debt. The Debtor hereby assigns half of the Debt ($125,000.00) to the Investor from the inception of the debt, together with unpaid principal and unpaid accrued interest thereon; 1.1. The Issuer hereby accepts said assignment to the Investor; 1.2. As consideration for the assignment, the Investor hereby renders the consideration of $50,000.00 (Fifty Thousand Dollars) in the form of a cash payment to Debtor; 1.3. The Debt consists of $250,000.00 (Two Hundred Fifty Thousand Dollars) from a Note owed to the Debtor by the Issuer; (November 10th 2008) (the “Debt”); 1.3.1. The Issuer hereby agrees, acknowledges, consents and stipulates, that full consideration has been rendered for said Debt and hereby waives any and all objections thereto; 1.3.2. The terms of the Debt are substantially similar to a line of credit in so much as: 1.3.3. The term of the Debt is ongoing until satisfied; 1.3.4. The Payment of the Debt shall be made by no later than two years from the date of this Agreement; 1.3.5. Additional Consideration may come on an ongoing basis between the Investor, Debtor, and the Issuer and accrued as Debt, subject to work-out between all parties.

Assignment of Debt. 1. Party C shall not assign any rights or obligations under this Contract to any third person without prior consent in writing by Party A. 2. Party C may, upon the prior consent in writing by Party A, assign the rights and obligations under this Contract to a third person, and the third person shall unconditionally observe all terms under this Contract.

Assignment of Debt. The affiliate hereby assigns the debt to the Investor from the inception of the debt, together with unpaid principal and unpaid accreud interest thereon; 1.1. The Issuer hereby accepts said assignment to the Investor; 1.2. As consideration for the assignment, the Investor hereby renders the consideration of $312,000.00 (Three Hundred Twelve Thousand Dollars) in the form of a Note; See Schedule B 1.2.1. The terms of the Note are to be payable within 12 months, but under no circumstances shall the Note be satisfied except subject to ¶2.3 Modification 3, Call Provisions, hereunder. 1.3. The Debt consists of $312,000.00 (Three Hundred Twelve Thousand Dollars) for the purchase of intellectual property by the Issuer from the Affiliate and for a loan given by the Affiliate to the Issuer, secured by Promissory Notes; (On or Before June 18, 2009) (the "Debt"); 1.3.1. The Issuer hereby agrees, acknowledges, consents and stipulates, that full consideration has been rendered for said Debt and hereby waives any and all objections thereto; 1.3.2. The terms of the Debenture substantially similar to a line of credit in so much as: 1.3.3. The term of the Debt is ongoing until satisfied; 1.3.4. The Payment of the Debt shall be the amortization of the Debt, plus any Additional Debt, plus Interest thereon, accrued from the relevant period(s) in to a three year payment structure; 1.3.5. Additional Consideration may come on an ongoing basis between the Investor, Affiliate, and the Issuer and accrued as Debt, subject to work-out between all parties.