Assignment of Funds. Contractor shall not assign any of the funds to be received under or through this Agreement unless such Assignment has the written approval of Owner. In order to be so approved, any such assignment shall include the following language: “It is agreed the funds to be paid to the Assignee under this Assignment are subject to satisfactory performance of the Agreement under which this Assignment is made (“this Agreement”) by the Assignor (“Contractor”) and subject to payment of all invoices, bills, claims, or liens for services rendered or materials supplied for the performance of any portion of the Work called for in this Agreement with Owner or any other Contract between Owner and Contractor. Owner reserves the right to set-off against any funds which may be due Contractor by Owner or funds to be paid the Assignee the amount of a claim or liens arising under or through this or any other Agreement with Contractor.
Assignment of Funds. Demolition Contractor shall not assign any of the funds to be received under or through this Agreement unless such Assignment has the written approval of Owner. In order to be so approved, any such assignment shall include the following language: “It is agreed the funds to be paid to the Assignee under this Assignment are subject to satisfactory performance of the Agreement under which this Assignment is made (“this Agreement”) by the Assignor (“Demolition Contractor”) and subject to payment of all invoices, bills, claims, or liens for services rendered for the performance of any portion of the Demolition Work called for in this Agreement with Owner or any other Contract between Owner and Demolition Contractor. Owner reserves the right to set-off against any funds which may be due Demolition Contractor by Owner or funds to be paid the Assignee the amount of a claim or liens arising under or through this or any other Agreement with Demolition Contractor.”
Assignment of Funds. Upon the occurrence and during the continuance of any Event of Default, the rights, powers and privileges provided in Sections 11.3 and 11.4 hereof and all other remedies available to Agent under this Loan Agreement or the other Loan Documents or by statute or by rule of law or equity may be exercised by Agent at any time and from time to time whether or not the Obligations shall be due and payable, and whether or not Agent shall have instituted any foreclosure or other action for the enforcement of any of the Security Documents, the Note or the other Loan Documents. Borrower hereby assigns and quitclaims to Agent all right, title and interest of Borrower to all sums held in the Accounts and to the extent not held in an account, all sums held by Agent for the account of Borrower and any other security delivered by Borrower as additional security (a security interest in all of the foregoing being granted hereby to Agent) for the Loan and the performance by Borrower of its obligations under the Loan Documents, all of which security may be utilized by Agent for the purposes set forth in Sections 11.3 and 11.4 hereof or the other Loan Documents or applied against the Obligations in such order and manner as Agent shall determine.
Assignment of Funds. The Subcontractor shall not assign, or attempt to assign, in any manner, at any time, funds accrued or to accrue under the Master Subcontract Agreement and/or related Addenda, without written consent of the Contractor. And, no such assignment shall be binding on the Contractor unless and until accepted in writing by the Contractor.
Assignment of Funds. County will assign funding in the amount, not to exceed, $ to CalMHSA, as a fiscal intermediary, in the implementation of following the Workforce Education and Training (WET) program: Loan Repayment and Scholarship Program Bachelors and Masters’ Level Program. Upon cancellation, termination or other conclusion of this contract, any funds remaining undisbursed after CalMHSA satisfies all obligations arising from the administration of the Program shall be distributed to Participant
Assignment of Funds. It is understood that the settlements made by Labor Management are total package with fringe distributions determined using the following criteria. First priority must be given to the Health & Welfare Fund. The distribution must respond to the needs of the Health & Welfare Fund as determined by the Health & Welfare committee. The next priority is the Pension Fund. As in the case of the Health & Welfare Fund, the Pension Committee will provide the Labor Management Committee with their requirements for the upcoming year. Once these funds have been satisfied, the local union representatives may determine further wage & fringe distributions. Wage Distributions for the term of the Agreement will be made at settlement. Final disposition will be reviewed by the Labor Management Committee to insure that the process is followed. Once the agreement is made, any shift in monies cannot increase the previously agreed to total package amount.
Assignment of Funds. During the continuance of any Event of Default, the rights, powers and privileges provided in Section 7.3 and all other remedies available to Agent under this Loan Agreement or the other Loan Documents or by statute or by rule of law or equity may be exercised by Agent at any time and from time to time whether or not the Obligations shall be due and payable, and whether or not Agent shall have instituted any foreclosure or other action for the enforcement of any of the Security Documents, the Notes or the other Loan Documents. Loan Parties hereby assign to Agent a security interest in all right, title and interest of Loan Parties to all sums held in the Accounts and to the extent not held in an Account, all sums held by Agent for the account of Loan Parties and any other security delivered by Loan Parties as additional security (a security interest in all of the foregoing being granted hereby to Agent) for the Loan and the performance by Loan Parties of their obligations under the Loan Documents, all of which security may be utilized by Agent for the purposes set forth in Section 7.3 or the other Loan Documents or applied against the Obligations in such order and manner as Agent shall determine.
Assignment of Funds. Upon the occurrence of any Event of Default, the rights, powers and privileges provided in Sections 6.3 and 6.4 hereof and all other remedies available to Agent under this Loan Agreement or the other Loan Documents or by statute or by rule of law or equity may be exercised by Agent at any time and from time to time whether or not the Obligations shall be due and payable, and whether or not Agent shall have instituted any foreclosure or other action for the enforcement of any of the Security Documents, the Note or the other Loan Documents. Borrower hereby assigns and quitclaims to Agent all right, title and interest of Borrower to all sums held in the Accounts and to the extent not held in an account, all sums held by Agent for the account of Borrower and any other security delivered by Borrower as additional security (a security interest in all of the foregoing being granted hereby to Agent) for the Loan and the performance by Borrower of its obligations under the Loan Documents, all of which security may be utilized by Agent for the purposes set forth in Sections 6.3 and 6.4 hereof or the other Loan Documents or applied against the Obligations in such order and manner as Agent shall determine.
Assignment of Funds. As security for the payout agreement, Pxxx Xxxxxx will agree to execute and deliver any assignment conveying and assigning all of Penn Oxxxxx's interest in any and all funds received from the following sources until the Amount Due is paid in full:
a. IBC Litigation, Arbitration and/or, Settlement, less attorneys' fees, costs and expenses, and any amounts due IBC, and
b. National Power Exchange Group sales proceeds received after the date of settlement of this matter, less the amount of accrued interest previously pledged to Allstate.
