ASSIGNMENT OF LOAN RECEIVABLES Sample Clauses

ASSIGNMENT OF LOAN RECEIVABLES. 29.1 The Lender may assign its Loan Receivables in the event that prior written consent by the Borrower and the Agent (except for the assignment of the Loan Receivables set forth in Clause 24) is obtained and all requirements described in each item below are satisfied. The Borrower and the Agent may not unreasonably refuse to such assignment. The Assignor and the Assignee shall perfect the assignment against the third parties and the obligor regarding the assignment of receivables promptly after the assignment as of the date of the assignment. In this case, the Assignor and Assignee shall, under their joint name, and the Borrower shall, in its sole name, notify the Agent of the fact that such assignment was made without delay. In the case an assignment of the Loan Receivables has occurred pursuant to this Clause 29.1, the Assignee shall be treated as a Lender upon applying each provision in relation to the Loan Receivables under this Agreement.
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ASSIGNMENT OF LOAN RECEIVABLES. (1) Unless otherwise specified in this Agreement, the Lender may assign its loan receivables without obtaining the Borrower’s consent. The assignor and the assignee shall perfect an assignment against the third parties and the obligor regarding the assignment of receivables promptly on or after the date of the assignment. In the case an assignment of the loan receivables has occurred pursuant to this Clause (1), any and all rights in relation to loan receivables to be assigned, among the assignor’s rights under this Agreement, shall be transferred to the assignee, and the assignee shall be responsible for any and all obligations in relation to loan receivables to be assigned, among the assignor’s obligations under this Agreement. The Borrower shall give consent in advance to such transfer of rights to the assignee and to such obligations borne by the assignee. In such case, the assignee shall be treated as the Lender upon applying each provision of this Agreement in relation to the loan receivables.
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ASSIGNMENT OF LOAN RECEIVABLES. (1) Except as otherwise provided in this Agreement a Lender may assign the whole of its Loan Receivables (a partial assignment of Loan Receivables is not permitted) only when all the requirements set forth in Items below are satisfied. The Assignor and the Assignee shall have such assignment perfected to be enforceable against a third party or an obligor as of such date of assignment, in which case the Assignor and the Assignee shall immediately notify the Agent of the fact of such assignment in their joint names. Such notice shall be made by sending a Loan Receivables assignment notice to the Agent. In a case where Loan Receivables are assigned pursuant to this Paragraph the Assignee shall be treated as the Lender in applying the Articles hereof to such Loan Receivables.
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ASSIGNMENT OF LOAN RECEIVABLES. (1) Except as otherwise provided in this Agreement, the Lenders may assign all of the Loan Receivables and other claims under this Agreement (partial assignment of Loan Receivables is not permitted) only if all of the following requirements are met. The assignor and assignee shall, as of the date of such assignment, fulfill the requirements for third party and debtor counterparties with respect to such assignment, and in such case, the assignor and assignee shall immediately notify the guarantor and agent of such assignment under their joint names. Such notice shall be given by sending a notice of assignment of claims to the Guarantor and the Agent. In the event of an assignment of a claim under this paragraph, the assignee shall be treated as the lender in the application of the respective provisions of this Agreement with respect to such claim.
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ASSIGNMENT OF LOAN RECEIVABLES. 30.1 Unless otherwise specified in this Agreement, the Lender may assign its Loan Receivables subject to the satisfaction of all requirements described in each item below. The Assignor and the Assignee shall perfect the assignment against the third parties and the obligor regarding the assignment of receivables promptly after the assignment as of the date of the assignment. In this case, the Assignor and Assignee shall, under their joint name, and the Borrower shall, in its sole name, notify the Agent of the fact that such assignment was made without delay. In the case an assignment of the Loan Receivables has occurred pursuant to this Clause 30.1, the Assignee shall be treated as a Lender upon applying each provision in relation to the Loan Receivables under this Agreement.
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Related to ASSIGNMENT OF LOAN RECEIVABLES

  • Assignment of Administrative Receivables and Warranty Receivables Upon receipt of the Administrative Purchase Payment or the Warranty Payment with respect to an Administrative Receivable or a Warranty Receivable, respectively, the Owner Trustee shall assign, without recourse, representation or warranty, to the Servicer or the Warranty Purchaser, as applicable, all of the Issuing Entity’s right, title and interest in, to and under, and the Indenture Trustee shall be deemed automatically to have released its security interest in such Administrative Receivable or Warranty Receivable, all monies due thereon, the security interests in the related Financed Vehicle, proceeds from any Insurance Policies, proceeds from recourse against a Dealer on such Receivable and the interests of such Person or the Issuing Entity, as applicable, in rebates of premiums and other amounts relating to the Insurance Policies and any document relating thereto and all other related Purchased Property, such assignment being an assignment outright and not for security; and the Servicer or the Warranty Purchaser, as applicable, shall thereupon own such Receivable, and all such security and documents, free of any further obligations to the Indenture Trustee, the Owner Trustee, the Noteholders or the Certificateholders with respect thereto. If in any Proceeding it is held that the Servicer may not enforce a Receivable on the ground that it is not a real party in interest or a holder entitled to enforce the Receivable, the Indenture Trustee or the Owner Trustee, as applicable, shall, at the Servicer’s expense, take such steps as the Servicer deems necessary to enforce the Receivable, including bringing suit in the name of such Person or the names of the Noteholders or the Certificateholders.

  • Reassignment of Purchased Receivables Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Seller under Section 5.1 hereof, Purchaser and the Issuer shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of Purchaser’s and the Issuer’s right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to Purchaser and the Issuer directly relating thereto, without recourse, representation or warranty, except as to the absence of Liens created by or arising as a result of actions of Purchaser or the Issuer. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Seller may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, Purchaser and the Issuer shall, at the expense of Seller, take such steps as Seller deems reasonably necessary to enforce the Receivable, including bringing suit in Purchaser’s or in the Issuer’s name.

  • Reassignment of Ineligible Receivables (a) In the event any representation or warranty under Subsection 4.02(a)(ii), (iii), (iv), (vi), (vii) or (viii) is not true and correct in any material respect as of the date specified therein with respect to any Receivable or the related Account and as a result of such breach RFC III is required under Subsection 2.05(a) of the Pooling and Servicing Agreement to accept reassignment of such Receivables previously sold by Centurion to RFC III pursuant to this Agreement, Centurion shall accept reassignment of such Receivables on the terms and conditions set forth in Subsection 6.01(b).

  • Assignment of Collateral There is no material collateral securing any Mortgage Loan that has not been assigned to the Purchaser.

  • Notification of Assignment of Receivables At any time following the occurrence of an Event of Default or a Default, Agent shall have the right to send notice of the assignment of, and Agent's security interest in, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. Thereafter, Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both. Agent's actual collection expenses, including, but not limited to, stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to Borrowers' Account and added to the Obligations.

  • Assignment of Interest in the Mortgage Loan Purchase Agreement (a) The Depositor hereby assigns to the Trustee, on behalf of the Certificateholders, all of its right, title and interest in the Mortgage Loan Purchase Agreement, including but not limited to the Depositor's rights and obligations pursuant to the Servicing Agreements (noting that the Seller has retained the right in the event of breach of the representations, warranties and covenants, if any, with respect to the related Mortgage Loans of the related Servicer under the related Servicing Agreement to enforce the provisions thereof and to seek all or any available remedies). The obligations of the Seller to substitute or repurchase, as applicable, a Mortgage Loan shall be the Trustee's and the Certificateholders' sole remedy for any breach thereof. At the request of the Trustee, the Depositor shall take such actions as may be necessary to enforce the above right, title and interest on behalf of the Trustee and the Certificateholders or shall execute such further documents as the Trustee may reasonably require in order to enable the Trustee to carry out such enforcement.

  • Collection of Receivables Except as otherwise provided in this Security Agreement, such Grantor will collect and enforce, at such Grantor’s sole expense, all amounts due or hereafter due to such Grantor under the Receivables owned by it.

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