Common use of Assignment of Issuer’s Rights Clause in Contracts

Assignment of Issuer’s Rights. As security for the payment of the Bonds, the Issuer will assign to the Trustee the Issuer’s rights under this Agreement, including the right to receive payments hereunder (except the right to receive payments, if any, under Sections 4.2(c), 5.2 and 6.3 hereof), and hereby directs the Company to make said payments directly to the Trustee. The Company herewith assents to such assignment and will make such payments directly to the Trustee without defense or set-off by reason of any dispute between the Company and the Issuer or the Trustee.

Appears in 2 contracts

Samples: Loan Agreement (New Ships, Inc.), Loan Agreement (New Ships, Inc.)

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Assignment of Issuer’s Rights. As security for the payment of the Bonds, the Issuer will assign to the Trustee the Issuer’s 's rights under this Agreement, including the right to receive payments hereunder (except the right to receive payments, if any, under Sections 4.2(c), 5.2 and 6.3 hereof), and hereby directs the Company to make said payments directly to the Trustee. The Company herewith assents consents to such assignment and will make such payments directly to the Trustee without defense or set-off by reason of any dispute between the Company and the Issuer Issuer, the Trustee or the TrusteeCredit Facility Provider.

Appears in 1 contract

Samples: Loan Agreement (Renegy Holdings, Inc.)

Assignment of Issuer’s Rights. As security for the payment of the Bonds, the Issuer will assign pledge the amounts payable hereunder and assign, without recourse or liability, to the Trustee Trustee, the Issuer’s 's rights under this Agreement, including the right to receive payments hereunder (except the right to receive payments, if any, under Sections 4.2(c), 5.2 and 6.3 hereof), payments corresponding to its Reserved Rights) and hereby directs the Company to make said payments directly to the TrusteeTrustee except as set forth in Section 4.2. The Company herewith assents to such assignment and will make such payments under this Agreement (other than payments corresponding to Reserved Rights which are payable to the Issuer) directly to the Trustee without defense or set-off by reason of any dispute between the Company and the Issuer or the Trustee.

Appears in 1 contract

Samples: Loan Agreement (Transcrypt International Inc)

Assignment of Issuer’s Rights. As security for the payment of the Bonds, the Issuer will assign to the Trustee the Issuer’s rights under this Agreement, including the right to receive payments Loan Payments hereunder (except the right to receive payments, if any, under Sections 4.2(cUnassigned Issuer Rights), 5.2 and 6.3 hereof), and . The Issuer hereby directs the Company Borrower to make said payments the Loan Payments required hereunder directly to the TrusteeTrustee for deposit as contemplated by the Indenture. The Company herewith assents Borrower hereby consents to such assignment and will agrees to make such payments directly to the Trustee without defense or set-off by reason of any dispute between the Company Borrower and the Issuer or the Trustee.

Appears in 1 contract

Samples: Loan Agreement (Clean Energy Fuels Corp.)

Assignment of Issuer’s Rights. As security the source of payment for the payment of the Bonds, the Issuer will assign to the Trustee all the Issuer’s 's rights under this Agreement, including Agreement with respect to the right Bonds (except rights to receive payments hereunder (except the right to receive payments, if any, under Sections 4.2(c)4.3 and 4.4) including all of its right, 5.2 title and 6.3 hereof), interest in the Note and hereby directs the Company to make said payments directly to the Trusteemoneys payable thereunder. The Company herewith assents consents to such assignment and will agrees to make such payments on the Note and interest thereon directly to the Trustee without defense or set-off setoff by reason of any dispute between the Company and the Issuer or the Trustee.

Appears in 1 contract

Samples: Control Facilities Loan Agreement (PPL Electric Utilities Corp)

Assignment of Issuer’s Rights. As security the source of payment for the payment of the Bonds, the Issuer will assign to the Trustee all the Issuer’s rights under this Agreement, including Agreement with respect to the right Bonds (except rights to receive payments hereunder (except the right to receive payments, if any, under Sections 4.2(c)4.3 and 4.4) including all of its right, 5.2 title and 6.3 hereof), interest in the Note and hereby directs the Company to make said payments directly to the Trusteemoneys payable thereunder. The Company herewith assents consents to such assignment and will agrees to make such payments on the Note and interest thereon directly to the Trustee without defense or set-off setoff by reason of any dispute between the Company and the Issuer or the Trustee.

Appears in 1 contract

Samples: Pollution Control Facilities Loan Agreement (PPL Energy Supply LLC)

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Assignment of Issuer’s Rights. As security for the payment of the Bonds, the Issuer will assign to the Trustee all the Issuer’s 's rights under this Agreement, including the right to receive payments hereunder Agreement (except the right to receive payments, if any, rights of the Issuer under Sections 4.2(c), 5.2 5.4 and 6.3 5.7 hereof), and hereby directs the Company to make said payments directly to the Trustee. The Company herewith assents consents to such assignment and will agrees to make such or cause to be made payments of the Purchase Price under Sections 4.3 and 4.4 hereof directly to the Trustee without defense or set-off by reason of any dispute between the Company and the Issuer or the Trustee.reason

Appears in 1 contract

Samples: Installment Sale Agreement (Starwood Lodging Corp)

Assignment of Issuer’s Rights. As security the source of payment for the payment of the Bonds, the Issuer will assign to the Trustee all the Issuer’s 's rights under this Agreement, including Agreement with respect to the right Bonds (except rights to receive payments hereunder (except the right to receive payments, if any, under Sections 4.2(c)4.3 and 4.4) including all of its right, 5.2 title and 6.3 hereof), interest in the Note and hereby directs Senior Secured Bonds and the Company to make said payments directly to the Trusteemoneys payable thereunder. The Company herewith assents consents to such assignment and will agrees to make such payments on the Note and interest thereon directly to the Trustee without defense or set-off setoff by reason of any dispute between the Company and the Issuer or the Trustee.

Appears in 1 contract

Samples: Pollution Control Facilities Loan Agreement (PPL Electric Utilities Corp)

Assignment of Issuer’s Rights. As security for the payment of the Bonds, the Issuer will assign in the Indenture and does hereby assign to the Trustee all the Issuer’s 's rights under this Agreement, including Lease (except the right rights of the Issuer to receive payments hereunder (except the right to receive payments, if any, under Sections 4.2(c5.4 and 5.5), 5.2 and 6.3 hereof), and hereby directs the Company to make said payments directly to the Trustee. The Company herewith assents consents to such assignment and will agrees to make such or cause to be made payments of the Rental under Sections 4.3 and 4.5 directly to the Trustee without defense or set-off by reason of any dispute between the Company and the Issuer or the Trustee.

Appears in 1 contract

Samples: Agreement (Werner Holding Co Inc /Pa/)

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