Assignment of Documents Clause Samples
The Assignment of Documents clause governs the transfer of rights, obligations, or interests in contractual documents from one party to another. Typically, this clause outlines the conditions under which such assignments are permitted, such as requiring prior written consent from the non-assigning party or specifying exceptions for certain types of assignments, like those to affiliates or in connection with a merger. Its core function is to control and clarify how contractual rights and responsibilities can be transferred, thereby protecting the interests of all parties and preventing unwanted or unauthorized assignments.
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Assignment of Documents. Execute and cause each of BNL, CCM and CMCI to execute and deliver, an Assignment of Servicing Agreements, substantially in the form of Exhibit F hereto (herein, as the same may be amended or modified, called the "Service Assignment") of such party in favor of the Administrative Agent for the benefit of the Banks.
Assignment of Documents. Collectively, each Collateral Assignment of Documents executed by the Borrower and/or a Subsidiary Guarantor, respectively, in favor of the Agent, such assignment to be in the form of Exhibit J attached hereto with such changes as Agent may reasonably require as a result of state law or factors relating to the applicable Borrowing Base Loan.
Assignment of Documents. Borrower assigns to Lender, as further security and to facilitate ▇▇▇▇▇▇’s completion of the Work if Borrower defaults and if Lender elects to complete the Work, and Borrower has provided true copies to Lender of, the Construction Contract, Plans, Permits, licenses, approvals, architects and engineers’ plans and specifications, drawings, Surveys, and all other contracts, agreements, leases, and other instruments of every kind to which Borrower is a party or in which Borrower has rights with respect to the Property. Lender is not obligated to perform any of Borrower’s obligations under such instruments but may elect to do so. Lender may require Borrower to sign other documents to ensure that the assignments are valid and effective.
Assignment of Documents. Collectively, each Collateral Assignment of Documents executed by the Borrower and/or a Subsidiary Guarantor, respectively, in favor of the Agent, such assignments delivered on or after the date of this Agreement to be in substantially the form of the Assignment of Documents delivered as of the date of the Existing Credit Agreement with such changes as Agent may reasonably require as a result of state law or factors relating to the applicable Borrowing Base Loan or Mezzanine Loan.
Assignment of Documents. A. As security for the payment and performance of the Secured Obligations, Borrower hereby grants, conveys, assigns and transfers to Lender the Project Documents, and all rights of Borrower thereunder, together with the immediate and continuing right to collect and receive all sums which are now or hereafter due to Borrower thereunder or in connection therewith, and all of Borrower's rights to receive the proceeds of any insurance, indemnity, warranty or guaranty with respect to any of the Project Documents. The parties expressly acknowledge and agree that Lender does not hereby assume any of Borrower's obligations with respect to any of the Project Documents, including, without limitation, any obligation to pay for any work done pursuant thereto, unless Lender expressly assumes such obligations in accordance with Section 4.1(B). At -------------- Lender's request from time to time, Borrower shall deliver copies of the Project Documents to Lender.
B. Lender shall not exercise its rights under this Section 4.1 until ----------- the occurrence of an Event of Default. Upon the occurrence of an Event of Default under any of the Loan Documents, Lender may, at its option in its sole discretion and without any obligation, exercise any or all of its rights and remedies under Section 8.4 and/or upon written notice to Borrower and the other ----------- parties to any or all of the Project Documents, exercise or enforce any or all of the rights and remedies granted to Borrower under such Project Documents as if Lender had been a party to or recipient of such Project Documents (and Borrower hereby irrevocably constitutes and appoints Lender as its attorney-in-fact, which power is coupled with an interest, to do so). Upon giving such notice Lender may elect to assume all of the obligations of Borrower thereafter accruing under any or all of the Project Documents; provided that in no event shall Lender be responsible for any default by Borrower or any other party occurring prior to any election by Lender to assume such obligations.
C. The acceptance by Lender of the assignment contained in this Section 4.1 and the rights granted to Lender hereunder and under Section 8.4 ----------- ----------- shall not, prior to Lender's assumption of the obligations under the Project Documents as provided in Section 4.1(B), obligate Lender to assume any -------------- obligations or liability under the Project Documents, to expend any money or incur any expense in connection with the ...
Assignment of Documents. Upon receipt of the Purchase Price from Purchaser, Seller hereby sells, transfers and assigns to Purchaser the Loans, and the Loan Documents.
Assignment of Documents. A. As security for the payment and performance of the Secured Obligations, Borrower hereby grants, conveys, assigns and transfers to Lender the Project Documents, and all rights of Borrower thereunder, together with the immediate and continuing right to collect and receive all sums which are now or hereafter due to Borrower the reunder or in connection therewith, and all of Borrower's rights to receive the proceeds of any insurance, indemnity, warranty or guaranty with respect to any of the Project Documents. The parties expressly acknowledge and agree that Lender does not hereby assume any of Borrower's obligations with respect to any of the Project Documents, including, without limitation, any obligation to pay for any work done pursuant thereto, unless Lender expressly assumes such obligations in accordance with SECTION 4.1
Assignment of Documents. If a party to the estate proves to the bank that it is imperative for him or her to obtain possession of documents in the deposit box for supervision purposes, for collection of receivables falling due or for any other important or expedient purpose, the bank is entitled to assign the party to the estate the documents required for handling the aforementioned matters, against his or her receipt. A will deposited in the deposit box can be assigned to a beneficiary for serving of notice. In such a case, a copy of the will is placed in the deposit box with a mention to whom and when the original will has been assigned. In addition, the assignee shall sign the copy as an acknowledgement of receipt of the will.
Assignment of Documents. If this Agreement is terminated for any reason other than a default by the County as set forth in Section 5.02.B above or a termination by Developer pursuant to Section 11.20 below, Developer shall deliver to the County, without charge and without warranty as to the accuracy thereof, copies of the results of any and all studies and tests obtained or prepared by Developer or its agents, consultants, employees or designees pertaining to the Project, and Developer shall assign (or cause to be assigned) to the County, free from any liens or claims for payment, all of Developer’s and its agents’, employees’ or designees’, right, title, interest in and to all such studies and tests and reports related thereto developed or prepared by Developer or its agents, consultants, employees, or designees. The County shall be free to use such studies and tests for any purpose whatsoever relating to the Project, without cost or liability therefore to Developer, and, in furtherance thereof, the County shall indemnify, defend and hold Developer harmless from any and all loss, cost, damage or expense arising from the County’s use of such studies and tests for such purposes. This requirement of delivery without cost shall not apply to any completed or partially completed plans, specifications, or drawings related to the design and construction of any Phase of the Project.
Assignment of Documents. Upon the resignation or removal of the Administrative Agent pursuant to section 13.6, the Administrative Agent shall assign and transfer to the successor Administrative Agent all of its right, title and interest, as agent, in and to the Credit Facility Documents. The successor Administrative Agent shall ensure that all required notices, registrations and filings in connection with such assignment are given or made, as the case may be, and the Borrower shall reimburse the successor Administrative Agent for and in respect of all of its reasonable costs and expenses in connection therewith.