ASSIGNMENT OF OBLIGATION Sample Clauses

ASSIGNMENT OF OBLIGATION. The supplier shall not assign or sublet the work/its obligations to any other vendor, in whole or in part, to perform under the contract, except with the Purchaser’s prior written consent.
Sample 1
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ASSIGNMENT OF OBLIGATION. Xxxxxx shall have the right to assign all of its rights and obligations with respect to the Put Right to a third party, including any shareholder or affiliate of Xxxxxx; provided, however, that such assignment shall not relieve Xxxxxx of any of its obligations in respect of the Put Right.
Sample 1
ASSIGNMENT OF OBLIGATION. At any time prior to the calendar month immediately preceding the Optional Prepayment Date, subject to the execution of such documents as Nomura Asset Capital Corporation ("NACC") may in its sole and absolute discretion require, Grantor shall have the right to assign to NACC (or, at NACC's option, to NACC's designee or nominee) and be released from, and NACC (or such designee or nominee) shall have the obligation to assume, the obligations under the Loan Documents relating to the principal amount so defeased including, without limitation the pledged Federal Obligations. Grantor shall pay to 119 NACC (or such designee or nominee) on demand, all reasonable costs and expenses, including, without limitation, reasonable legal fees incurred by such Person as consideration for assuming the obligations under the Note or the Defeased Notes, as applicable.
Sample 1

Related to ASSIGNMENT OF OBLIGATION

  • Assignment of Agreement The following conditions must be satisfied in order to effectuate any assignment of this Agreement:

  • Assignment of the Agreement This Agreement and the rights hereunder may be assigned by FirstLink to any majority-owned subsidiary of FirstLink or to an affiliate or party acquiring all or substantially all of the assets of FirstLink upon prior written consent of Owner. Such consent shall not be unreasonably withheld. Alternatively, the Agreement may be assigned by FirstLink to any FirstLink subsidiary so long as FirstLink agrees in writing that it shall remain liable for all obligations arising under this Agreement. FirstLink may also assign this Agreement to any party providing financing to FirstLink; provided that such assignment shall not relieve FirstLink from its obligations hereunder. In connection with a sale or disposition of the Properties, Owner shall request FirstLink's written consent to assign this Agreement and shall require any subsequent owner of the Properties to assume this Agreement and the rights and obligations hereunder. Subject to the foregoing, this Agreement shall be binding upon and shall inure to the benefit of the successors and assigns of the respective parties to this Agreement.

  • Assignment Agreement The Assignment and Assumption Agreement, dated the Closing Date, between Residential Funding and the Company relating to the transfer and assignment of the Mortgage Loans.

  • 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 and Amendment of Agreement This Agreement automatically shall terminate without the payment of any penalty in the event of its assignment. No material amendment of this Agreement shall be effective until approved by the majority of the members of the Board who are not interested persons of the Trust (“Independent Trustees”), the Manager or the Subadviser and the shareholders of the affected Portfolio(s) to the extent required by the 1940 Act. The Subadviser agrees to notify the Manager of any change in control of the Subadviser within a reasonable time after such change.

  • Assignment of Agreements Each applicable Borrower shall have executed and delivered to Lender the Assignments of Agreements, and the Assignments of Agreements shall, to the extent prudent pursuant to local practice, have been irrevocably delivered to an authorized title agent for the Title Insurer for such recordation in the appropriate filing offices in the jurisdiction in which the applicable Individual Property is located.

  • Assignment of Proprietary Lease With respect to a Cooperative Loan, the assignment or mortgage of the related Proprietary Lease from the Mortgagor to the originator of the Cooperative Loan.

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