Assignment of Project Documents. As additional security for the payment of the Term Loan, Borrower hereby transfers and assigns to Agent for the account of Term Lenders all of Borrower's rights and interest, but not its obligations, in, under and to the Project Documents upon the following terms and conditions:
(a) Neither this assignment nor any action by Agent or Term Lenders shall constitute an assumption by Agent or Term Lenders of any obligations under the Project Documents, and Borrower shall continue to be liable for all obligations of Borrower thereunder. Borrower hereby agrees to perform all of its obligations under the Project Documents and to indemnify and hold harmless Agent and Term Lenders against and from any loss, cost, liability or expense (including, but not limited to, reasonable attorneys' fees and expenses) resulting from any failure of Borrower to so perform.
(b) Agent, upon the occurrence and continuation of an Event of Default, and expiration of the applicable grace period, if any, or upon the occurence of an event which with the passage of time, the giving of notice or both would constitute an Event of Default, shall have the right at any time, but shall not be obligated, to take in its name or in the name of Borrower such reasonable action as Agent may determine to be necessary or advisable to cure any default under any Project Document or to protect the rights of Borrower or Term Lenders thereunder. Term Lenders and Agent shall incur no liability if any such reasonable action so taken by Agent or on its or their behalf shall prove to be inadequate or invalid, and Borrower agrees to hold harmless Agent and Term Lenders, should such action prove to be inadequate or invalid, against and from any loss, cost, liability or expense (including, but not limited to, reasonable attorneys' fees and expenses) incurred in connection with any such action.
(c) Borrower hereby irrevocably constitutes and appoints Agent, upon an Event of Default, and the expiration of the applicable grace period, if any, with full power of substitution, as Borrower's attorney-in-fact, in Borrower's name or in Agent's name, to enforce all rights of Borrower under the Project Documents; provided, however, that Borrower shall not cancel or amend any Project Document or do or suffer to be done any act which would impair the security constituted by this assignment without the prior written consent of Agent.
(d) This assignment shall inure to the benefit of Agent, Term Lenders, their respective success...
Assignment of Project Documents. The Assignment of Project Documents, dated or to be dated on or prior to the Closing Date, made by the Borrower to the Agent for the benefit of the Banks, as the same may be modified or amended, pursuant to which the Borrower assigns and grants a security interest in the Borrower's right, title and interest in and to the Architect's Contract, the Construction Contract, the Plans and Specifications and the Project Approvals, such Assignment of Project Documents to be in form and substance satisfactory to the Agent. Balance Sheet Date. As to the Borrower and the General Partner February 27, 1998. As to Walden and WDOP Decexxxx 01, 1997. As to The Grupe Company Decembxx 00, 1996.
Assignment of Project Documents. Borrower shall have assigned to Lender, in form and substance satisfactory to Lender, the Project Documents.
Assignment of Project Documents. Each assignment of project documents made by a Borrower to the Agent for the benefit of the Lenders, as the same may be modified or amended, pursuant to which a Borrower assigns and grants a security interest in such Borrower’s right, title and interest in and to, among other things, the Architect’s Contract, Construction Contract, Plans and Specifications and Project Consents pertaining to the applicable Vertical Commercial Improvements, each such assignment of project documents to be in form and substance satisfactory to the Agent.
Assignment of Project Documents. As used herein, "Assignment of ------------------------------- Project Documents" shall mean the Collateral Assignment of Project Documents in the form of Exhibit A hereto.
Assignment of Project Documents. The Collateral Assignment and Security Agreement in Respect of Contracts, Licenses and Permits, dated or to be dated on or prior to the Closing Date, made by the Borrower in favor of Lender, as the same may hereafter be amended with the prior written consent of Lender. BALANCE SHEET DATE. December 31, 1999. BORROWER'S REQUIRED EQUITY OR BORROWER'S REQUIRED EQUITY FUNDS. The amount of $17,500,000 to be applied first to the costs of the Acquisition and $4,500,000 to be applied first to Project Costs, together with any other amounts as the Lender shall determine due and owing from time to time pursuant to Section 2.5 or Section 10.10 hereof BUSINESS DAY. Any day on which the Lender is open for the transaction of banking business in Boston, Massachusetts.
Assignment of Project Documents. A. As security for the payment and performance of the Secured Obligations, Borrower hereby grants, conveys, assigns and transfers to Lender the Project Documents, and all rights of Borrower thereunder, together with the immediate and continuing right to collect and receive all sums which are now or hereafter due to Borrower thereunder or in connection therewith, and all of Borrower's rights to receive the proceeds of any insurance, indemnity, warranty or guaranty with respect to any of the Project Documents. The parties expressly acknowledge and agree that Lender does not hereby assume any of Borrower's obligations with respect to any of the Project Documents, including, without limitation, any obligation to pay for any work done pursuant thereto, unless Lender expressly assumes such obligations in accordance with SECTION 4.1
Assignment of Project Documents. An Assignment and Assumption of Project Documents substantially in the form attached hereto as Exhibit R (or otherwise reasonably acceptable to Buyer and Seller) assigning the Installment Purchase Contract and the other Project Documents to Buyer, executed by Buyer, Seller and the City Agency.
Assignment of Project Documents. At the Closing, for no additional consideration, TOG hereby assigns to the Company all title, right and interest in all technical, mechanical, geological, economic and financial information, including works in progress, associated with or related to the Project that as of the date hereof are owned by TOG and its Affiliates (other than the Subsidiaries) (the “Project Documentation”). To the extent any of the Project Documentation was created in Mexico or is subject to the Laws of Mexico, the terms of Article 30 of the Mexican Ley Federal del Derecho de Autor shall apply and the assignment of such rights (except for those moral rights (derechos xxxxxxx) not assignable thereunder) shall be valid from the Closing and for a period of fifteen (15) years thereafter, which term shall automatically renew (for indefinite consecutive terms of fifteen (15) years each) unless terminated by the Company through written notice to TOG at any time prior to or after the extension of any term thereof.
Assignment of Project Documents. The Assignment of Project Documents dated as of the Closing Date, made by Borrower in favor of Agent for the benefit of Lenders, as the same may be amended, restated, supplemented or otherwise modified from time to time.
