Assignment of Promissory Note. This Assignment of Promissory Note (“Assignment”) is dated as of December 22, 2008 and is made and entered into by and between Resort Marketing Professionals, Inc., a Florida corporation (“Holder”), and Freedom Environmental Services, Inc., a Delaware corporation (“Assignee”). For valuable consideration, as described below, the Holder does hereby grant, convey, transfer, assign and set over unto the Assignee all right, title and interest of the Holder in and to the promissory note, dated as of December 21, 2008 (“Note”) and attached as Exhibit A, between the Holder and Xxxxxx X. Xxxxxx (“Borrower”), in the principal amount of ninety five thousand dollars ($95,000). Consideration for Assignment Assignee acknowledges that Holder advanced Borrower funds under the Note to pay for general living expenses while performing duties as President of Assignee. Holder agrees to assign Borrower’s obligation to Holder to Assignee for consideration in the form of a convertible promissory note and loan agreement, attached as Exhibits B and C, from Assignee to Holder. The convertible note will be in the principal amount of ninety five thousand dollars ($95,000) plus accrued interest. The Holder represents and warrants that it has duly executed and delivered the assigned documents and has not assigned or encumbered the assigned documents except pursuant to this Assignment. The Borrower hereby acknowledges receipt of an executed copy of, and consents to the execution of this Assignment. The Borrower agrees that it will be bound by the terms and provisions and will pay or cause to be paid directly to the Assignee all Note payments. The Borrower shall be absolutely and unconditionally obligated to pay all such sums under the assigned documents. If the Borrower fails to pay the Assignee all sums due in payable, the Assignee has the right to take all rights and title to Borrower’s security for the Note. This Assignment shall be governed by and construed in accordance with the laws of the State of Florida. The location for the settlement of any disputes arising out of this Assignment and the Assigned Documents shall be Orange County, Florida. Notwithstanding any provision herein to the contrary, whether express, by implication or otherwise, the obligations of the Holder, Borrower or Assignee contained herein or arising hereunder, the Holder, Borrower and Assignee acknowledge that the Borrower pledges his stock in Assignee and any and all future compensation payments from Assignee ...
Assignment of Promissory Note. Company hereby consents to Xxxxx’x assignment of the Promissory Note to Xxxxxx Xxxx.
Assignment of Promissory Note. The Seller hereby assigns, transfers, sets over and conveys unto the Buyer, effective as of the Effective Date, (a) its entire right, interest, obligations and undertakings in and to the Promissory Note, subject to the terms, conditions and obligations thereunder, and (b) its entire right, interest, obligations and undertakings in and to the Pledge Agreement, under the terms, conditions and covenants set forth in the Amended and Restated Pledge Agreement.
Assignment of Promissory Note. Concurrent with the payment by Buyer of the Purchase Price, Seller shall execute and deliver to Buyer the Assignment of Promissory Note in the form attached hereto as Exhibit A to which the original executed Promissory Note shall be attached.
Assignment of Promissory Note. FOR VALUE RECEIVED, the Mississippi Business Finance Corporation hereby assigns and transfers, without recourse, to Hxxxxxx Bank, as Trustee, the Promissory Note executed by Gulf South Pipeline Company, LP, in favor of Mississippi Business Finance Corporation in the maximum principal amount of $175,000,000 on this the 5th day of December, 2008. MISSISSIPPI BUSINESS FINANCE CORPORATION By: _____________________________________ Wxxxxxx X. Xxxxx, Executive Director ATTEST: __________________ Cxxxx Xxxxxx, Secretary EXHIBIT D TO LOAN AGREEMENT DATED AS OF DECEMBER 1, 2008 BY AND BETWEEN MISSISSIPPI BUSINESS FINANCE CORPORATION AND GULF SOUTH PIPELINE COMPANY, LX XXXX ADVANCE AND PAYMENT GRID SCHEDULE OF PRINCIPAL ADVANCES AND REPAYMENTS OF PRINCIPAL AND INTEREST SERIES 2008 Amount of Unpaid Principal Amount of Amount of Principal Notation Date Advanced Principal Repaid Interest Paid Balance Made By __________ ___________ ____________ _____________ ___________ __________ ___________ ____________ _____________ ___________ __________ ___________ ____________ _____________ ___________ __________ ___________ ____________ _____________ ___________ __________ ___________ ____________ _____________ ___________ __________ ___________ ____________ _____________ ____________ __________ ___________ ____________ _____________ ____________ __________ ___________ ____________ _____________ ____________ __________ ___________ ____________ _____________ ____________ __________ ___________ ____________ _____________ ____________ __________ ___________ ____________ _____________ ____________ __________ ___________ ____________ _____________ ____________ __________ ___________ ____________ _____________ ____________ __________ ___________ ____________ _____________ ____________ __________ ___________ ____________ _____________ ____________ __________ ___________ ____________ _____________ ____________ __________ ___________ ____________ _____________ ____________ __________ ___________ ____________ _____________ ____________ __________ ___________ ____________ _____________ _____________ __________ ___________ ____________ ______________ _____________ (Continued on Next Page) Amount of Unpaid Principal Amount of Amount of Principal Notation Date Advanced Principal Repaid Interest Paid Balance Made By __________ ___________ ____________ _____________ ___________ __________ ___________ ____________ _____________ ___________ __________ ___________ ____________ _____________ ________...
Assignment of Promissory Note. 1.FOR VALUE RECEIVED, the undersigned (the “Seller”) hereby sells, assigns and transfers unto Institutional Financial Markets, Inc., a Maryland corporation (the “Company”), all right, title and interest of the undersigned in and to that certain 10.50% Contingent Convertible Senior Note Due 2027, dated July 22, 2011 (CUSIP 00000XXX0), in the original principal amount of Five Million Dollars ($5,000,000), which was issued by the Company to the Seller in book-entry form only (the “Note”).
Assignment of Promissory Note. An assignment (a) by Foods of that certain $15,000,000.00 promissory note from Xxxxxxx'x Processing, Inc. dated October 26, 1990, as such note may be renewed, replaced, or substituted from time to time, and (b) by Xxxxxxx'x Processing, Inc. of all of its interest in that certain $15,000,000.00 promissory note from Carolina Turkeys, as such note may be renewed, replaced, or substituted from time to time; and
Assignment of Promissory Note. Within sixty (60) days of the date hereof, Borrower shall assign to Lender (in a manner satisfactory to Lender) all of Borrower's rights to payment under that certain Promissory Note, dated June 18, 2001, made by IMPRES Technology Solutions, Inc. ("IMPRES") in favor of Borrower in the original principal amount of One Hundred Sixty-Five Thousand Dollars ($165,000), along with all other rights to payment Borrower may have under that certain Asset Purchase Agreement, dated as of June 18, 2001, by and between Borrower and IMPRES. Lender agrees not to exercise its rights under such notes unless an Event of Default occurs, is continuing and is not cured within the applicable cure period; provided however, Borrower may accept regularly scheduled payments of principal and interest so long as no Event of Default has occurred, is continuing and is not cured within the applicable cure period. Lender further agrees to endorse (without recourse, warranty or representation of any kind) such note to Borrower once all obligations of Borrower to Lender under the Financing Agreements have been satisfied in full and the Loan Agreement has been terminated.
Assignment of Promissory Note. Security Agreement ------------------------------------------------- and Guaranty. The Assignment of Promissory Note, Security Agreement and ------------- Guaranty, duly executed by Borrower, in the form of Exhibit D attached hereto and incorporated herein by this --------- reference (the "Assignment of Note") and UCC-3 Financing Statements acknowledging the assignment to the Bank, in such form as deemed appropriate by the Bank, in its sole and absolute discretion.
Assignment of Promissory Note. The Lender shall have received a fully executed Assignment of Promissory Note in the form of Exhibit E attached hereto.
