Assignment of Deposit Sample Clauses

Assignment of Deposit. Contractor hereby assigns, transfers, and sets over to the City all of Contractor’s right, title, and interest in and to the full proceeds of the Deposit and also hereby assigns, transfers, and sets over to the City the right to use the Deposit in the event of any default or noncompliance in the performance for which this bond is posted and filed.
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Assignment of Deposit. Assignor represents and warrants to Assignee that (a) pursuant to paragraph 4.1 of the Purchase Agreement, Assignor has deposited $500,000 (together, with interest earned in escrow, the "Deposit") with First American Title Company, a California corporation, as escrow holder; and (b) the Deposit is to be applied to payment of the purchase price under the Purchase Agreement at the Closing (as defined in the Purchase Agreement) or, if the Purchaser in breach of its obligations under the Purchase Agreement fails to close, the Deposit is due to the Seller as liquidated damages for such default. Assignor hereby assigns to Assignee all of its rights to and interest in the Deposit.
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Assignment of Deposit. If Landlord transfers its interest in the Premises during the term of this Lease, Landlord may assign the Security Deposit to the transferee; and upon such transfer and the transferee's acknowledgement of responsibility to Tenant for the Security Deposit (which acknowledgement will be deemed to have been effected if the transferee assumes the obligations of the Landlord under this Lease, i.e., even without a specific mention of the Security Deposit), Landlord shall thereafter have no further liability for the return of the Security Deposit.
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Assignment of Deposit. At the time this Agreement becomes effective, Party A will cause any deposit which has been made under the Contract by the Acquiring Party to be released to the Escrow Holder.
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Assignment of Deposit. Developer hereby assigns, transfers and sets over to the City all of Developer’s right, title and interest in and to the full proceeds of the Deposit, and also hereby assigns, transfers and sets over to the City the right to use the full proceeds thereof in the event of any default or non-compliance in the performance for which this bond is posted and filed.
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Assignment of Deposit. This Assignment is by and among, BankVest Capital Corp. ("Lessor"), Applied Data Communications, Inc. ("Lessee") and U.S. Bancorp Leasing & Financial ("Seller").
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Assignment of Deposit from Seller to Lessee. Seller hereby releases, assigns and sets over to Lessee all of its right, title and interest in and to the Deposit.
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Assignment of Deposit. Upon default in the payment of the Obligation or any part thereof, Assignee is hereby authorized to apply all or any portion of the funds represented by the Account to the payment of the Obligation and to withdraw funds for such purpose at such times and in such amounts as it shall in its discretion determine. Assignor hereby constitutes and appoints Assignee the true and lawful attorney of Assignor, with full power of substitution, to ask, demand, collect, receive, receipt for, sue for, compound, and give acquittance for any and all amounts which xxy be or become due or payable under the Account, to execute any and all withdrawal receipts or other orders for the payment of money drawn on the Account, to endorse the name of Assignor on all commercial paper given in payment or in part payment thereof, and, in its discretion, to file any claim or take any other action or proceeding, either in its own name or in the name of Assignor or otherwise, which Assignee may deem necessary or appropriate to protect and preserve the right, title and interest of Assignee, the Documentation Agent, the Banks and the Issuing Banks hereunder, and without limiting the foregoing, Assignee shall have and is hereby given full power and authority to transfer the Account into the name of Assignee or its nominee. Assignor represents and warrants that (a) the Account is genuine and represents in all respects what it purports to be, (b) Assignor is the owner thereof free and clear of all liens and encumbrances of any nature whatsoever, (c) Assignor will not create any other security interest in, mortgage, or otherwise assign the Account or any part thereof, (d) that any funds payable with respect to the Account that are received by Assignor shall immediately upon such receipt become subject to the lien hereof and be segregated from all other funds of Assignor and be held in trust for Assignee, the Documentation Agent, the Banks and the Issuing Banks and be immediately paid into the Account, and (e) Assignor has full powers, right and authority to execute and deliver this assignment. THIS WRITTEN AGREEMENT REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN OR ORAL AGREEMENTS AMONG THE PARTIES. EXECUTED as of the date first above written. ASSIGNOR: HEALTHCOR, INC. HEALTHCOR HOLDINGS, INC. HEALTHCOR OXYGEN AND MEDICAL EQUIPMENT, INC. HEALTHCOR REHABILIT...
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Related to Assignment of Deposit

  • ASSIGNMENT OF DEBTS 19 Unless this Agreement is followed without interruption by another Agreement between the parties 20 hereto for the same services and substantially the same scope, at the termination of this Agreement, 21 CONTRACTOR shall assign to COUNTY any debts owing to CONTRACTOR by or on behalf of 22 persons receiving services pursuant to this Agreement. CONTRACTOR shall immediately notify by 23 mail each of these persons, specifying the date of assignment, the County of Orange as assignee, and the 24 address to which payments are to be sent. Payments received by CONTRACTOR from or on behalf of 25 said persons, shall be immediately given to COUNTY. 26

  • Assignment, Etc The Holder may assign or transfer this Note to any transferee at its sole discretion. This Note shall be binding upon the Company and its successors and shall inure to the benefit of the Holder and its successors and permitted assigns.

  • Assignment of Agreement The following conditions must be satisfied in order to effectuate any assignment of this Agreement: (i) This Agreement may only be transferred through a book entry system maintained by Principal Life, or an agent designated by it, within the meaning of Temporary Treasury Regulations Section 5f.103-1(c) and Treasury Regulations Section 1.871-14(c)(1)(i). (ii) The Agreement Holder, and any assignee, must comply with applicable securities laws. (iii) Principal Life has consented in writing to the proposed assignment, such consent not to be unreasonably withheld. (iv) Principal Life shall have received from the proposed assignee a duly executed certificate containing, in substance, the information, representations, warranties, acknowledgments and agreements set forth in this Agreement. Any attempted sale, transfer, anticipation, assignment, hypothecation, or alienation not in accordance with this Section 6 shall be void and of no effect. Until such time, if any, as Principal Life has consented in writing to a proposed assignment, Principal Life shall not be obligated to make any payments to or at the direction of anyone other than the person shown on Principal Life’s books and records as the Agreement Holder. Once the foregoing conditions have been satisfied with respect to an assignment, the assignee or its successor shall be deemed to be the sole Agreement Holder for all purposes of this Agreement and Principal Life shall promptly amend its records to reflect the assignee’s status as Agreement Holder.

  • Assignment of Account We may sell, assign, pledge or transfer this Agreement (including any addendum to this Agreement), your account or an interest in your account to a third party without notice to you. In the absence of a notice of such sale or transfer, you must continue to make all required payments to us in accordance with your billing statement.

  • Assignment of Lease The Tenant may not assign the Lease or sublet all or any part of the Premises or otherwise grant possession of the Premises or any portion thereof to any other person without first obtaining the prior written consent of the Landlord, such consent not to be unreasonably withheld. In no event shall the Tenant be released or discharged from the full performance of this Lease and the payment of all rents and monies and the observance of all covenants, agreements, terms and conditions herein contained and any such consent granted by the Landlord shall not be deemed or implied as consent to any further or subsequent assignment or subletting. In the event this Lease is assigned or all or a portion of the Premises sublet, the Tenant shall pay all reasonable out-of-pocket expenses incurred by the Landlord in any such assignment or subletting, including the Landlord’s legal costs in connection therewith and a non-refundable amount of Five Hundred Dollars ($500.00) in advance to the Landlord, representing a reasonable cost to the Landlord for reviewing such application. Any transferee shall enter into an agreement directly with the Landlord covenanting to be bound by all of the Tenant’s obligations hereunder to the extent applicable to it. Notwithstanding the foregoing provisions of this Section 10.01 or anything else contained herein, so long as Tenant is not then in default under this Lease beyond any applicable curative period provided for in this Lease, Tenant shall have the right, without the consent of Landlord, but otherwise in accordance with the requirements of this Lease, including without limitation, the obligation of any transferee to enter into an agreement directly with the Landlord covenanting to be bound by all of the Tenant’s obligations hereunder to the extent applicable, to assign this Lease and/or sublease the whole or part of the Premises to:

  • Assignment Agreements Each Bank may, from time to time, with the consent of the Borrower and Agent (which will not in any instance be unreasonably withheld), sell or assign to other banking institutions rated "B" or better by Thomxxxx Xxxk Watch Service a pro rata part of all of the indebtedness evidenced by the Notes then owed by it together with an equivalent proportion of its obligation to make Loans hereunder and the credit risk incidental to the Letters of Credit pursuant to an Assignment Agreement substantially in the form of Exhibit J attached hereto, executed by the assignor, the assignee and the Borrower, which agreements shall specify in each instance the portion of the indebtedness evidenced by the Notes which is to be assigned to each such assignor and the portion of the Commitments of the assignor and the credit risk incidental to the Letters of Credit (which portions shall be equivalent) to be assumed by it (the "Assignment Agreements"), provided that the Borrower may in its sole discretion withhold its consent to any assignment by a Bank to any assignee which has total capital and surplus of less than $200,000,000.00 or to any assignment by a Bank of less than all of its Commitments if as a result thereof the assignor will have Commitments hereunder of less than one half of its assigned Commitments or the assignee will have Commitments hereunder of less than $3,500,000.00 or, after giving effect thereto, there would be more than 10 Banks, further provided that nothing herein contained shall restrict, or be deemed to require any consent as a condition to, or require payment of any fee in connection with, any sale, discount or pledge by any Bank of any Note or other obligation hereunder to a Federal reserve bank. Upon the execution of each Assignment Agreement by the assignor, the assignee and the Borrower and consent thereto by the Agent (i) such assignee shall thereupon become a "Bank" for all purposes of this Agreement with a Commitment in the amount set forth in such Assignment Agreement and with all the rights, powers and obligations afforded a Bank hereunder, (ii) the assignor shall have no further liability for funding the portion of its Commitments assumed by such other Bank and (iii) the address for notices to such Bank shall be as specified in the Assignment Agreement, and the Borrower shall execute and deliver Notes to the assignee Bank in the amount of its Commitments and new Notes to the assignor Bank in the amount of its Commitments after giving effect to the reduction occasioned by such assignment, all such Notes to constitute "Notes" for all purposes of this Agreement, and there shall be paid to the Agent, as a condition to such assignment, an administration fee of $2,500 plus any out-of-pocket costs and expenses incurred by it in effecting such assignment, such fee to be paid by the assignor or the assignee as they may mutually agree, but under no circumstances shall any portion of such fee be payable by or charged to the Borrower.

  • Assignment of Agreements Each applicable Borrower shall have executed and delivered to Lender the Assignments of Agreements, and the Assignments of Agreements shall, to the extent prudent pursuant to local practice, have been irrevocably delivered to an authorized title agent for the Title Insurer for such recordation in the appropriate filing offices in the jurisdiction in which the applicable Individual Property is located.

  • Assignment Fee Unless the assignment shall be to an affiliate of the assignor or the assignment shall be due to merger of the assignor or for regulatory purposes, either the assignor or the assignee shall remit to Agent, for its own account, an administrative fee of Three Thousand Five Hundred Dollars ($3,500).

  • Assignment; Amendment This Agreement may not be assigned by any party hereto without the prior express written consent of all other parties. This Agreement may not be amended except by the express written consent of all parties hereto.

  • Assignment and Transfer The Member may assign or transfer in whole but not in part its limited liability company interest to a single acquiror.

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