Assignment of Municipal Obligations. The Municipality hereby agrees that the Municipal Obligations may be sold, transferred, pledged, or hypothecated to any third party without the consent of the Municipality.
Assignment of Municipal Obligations Sample Clauses
Related to Assignment of Municipal Obligations
ASSIGNMENT OF DEBTS 23 Unless this Contract is followed without interruption by another Contract between the Parties hereto 24 for the same services and substantially the same scope, at the termination of this Contract, 25 CONTRACTOR shall assign to COUNTY any debts owed to CONTRACTOR by or on behalf of 26 persons receiving services pursuant to this Contract. CONTRACTOR shall immediately notify by mail 27 each of the relevant Parties, specifying the date of assignment, the County of Orange as assignee, and 28 the address to which payments are to be sent. Payments received by CONTRACTOR from or on behalf 29 of said persons, shall be immediately given to COUNTY. 30
Assignment of Contract A. Unless expressly agreed to elsewhere in the Contract, no assignment by a party hereto of any rights under or interests in the Contract will be binding on another party hereto without the written consent of the party sought to be bound; and, specifically but without limitation, money that may become due and money that is due may not be assigned without such consent (except to the extent that the effect of this restriction may be limited by law), and unless specifically stated to the contrary in any written consent to an assignment, no assignment will release or discharge the assignor from any duty or responsibility under the Contract Documents.
ASSIGNMENT OF LEASES AND RENTS There exists as part of the related Mortgage File an Assignment of Leases (either as a separate instrument or incorporated into the related Mortgage). Subject to the Permitted Encumbrances and the Title Exceptions, each related Assignment of Leases creates a valid first-priority collateral assignment of, or a valid first-priority lien or security interest in, rents and certain rights under the related lease or leases, subject only to a license granted to the related Mortgagor to exercise certain rights and to perform certain obligations of the lessor under such lease or leases, including the right to operate the related leased property, except as the enforcement thereof may be limited by the Standard Qualifications. The related Mortgage or related Assignment of Leases, subject to applicable law, provides that, upon an event of default under the Mortgage Loan, a receiver is permitted to be appointed for the collection of rents or for the related Mortgagee to enter into possession to collect the rents or for rents to be paid directly to the Mortgagee.
