Assignment of Receivables Sample Clauses

Assignment of Receivables. Claims of money due or to become due to the Transportation Provider from MART may be assigned to a bank, trust company or other financial institution, or a court appointed receiver without prior consent of MART provided that written notice of any such assignment is furnished promptly to MART.

Assignment of Receivables. 4.1 Upon acceptance of an Offer pursuant to Clause 3.4, all of the Transferor's or, as the case may be, the Additional Transferor's, rights, title and interest in and to: 4.1.1 the Existing Receivables under each Designated Account nominated in that Offer; and 4.1.2 the Future Receivables under each such Designated Account which are not Finance Charge Receivables in respect of Principal Receivables, until the earliest of: (a) in respect of each Designated Account, such time (if any), as such Account becomes a Redesignated Account; (b) the termination of the Receivables Trust; or (c) the occurrence of an Insolvency Event; 4.1.3 all Future Receivables under each Account nominated in such Offer which are Finance Charge Receivables in respect of Receivables which are assigned (or purported to be assigned) to the Receivables Trustee pursuant to paragraphs 4.1.1 and 4.1.2 above; 4.1.4 (to the extent such are capable of assignment) the benefit of each guarantee or insurance policy obtained by the Transferor or, as the case may be, the Additional Transferor, in respect of the obligations of an Obligor to make payments on any such Designated Account; and 4.1.5 (in respect of the Offer made on the Initial Offer Date) the benefit of all amounts representing Acquired Interchange in respect of each Monthly Period, shall thereupon vest in the Receivables Trustee on the terms and conditions of this Agreement and the Offer. 4.2 It is hereby agreed, for the avoidance of doubt, that no transfer or purported transfer of Receivables pursuant to this Clause or the Future Receivables Transfer shall be rendered ineffective or void or otherwise impaired by reason only of it being subsequently discovered that the Account(s) relating to such Receivables either: 4.2.1 did not arise under the relevant Specified Product Line relating to such Account(s), as named in the relevant Offer; or 4.2.2 did arise under the Specified Product Line relating to such Account(s) in the relevant Offer but were subsequently removed from such Specified Product Line without having been redesignated or removed in accordance with Clause 7. 4.3 For the avoidance of doubt, any assignment made under this Clause 4 or the Future Receivables Transfer will take effect in equity only unless and until a Notice of Assignment is given in respect of it in accordance with the provisions of Clause 6.7.

Assignment of Receivables. The Transferor will take no action inconsistent with the Purchaser's ownership of the Receivables. If a third party, including a potential purchaser of the Receivables, should inquire, the Transferor will promptly indicate that ownership of the Receivables has been absolutely assigned to the Purchaser.

Assignment of Receivables. Each agreement documenting an assignment by the Depositor to the Issuer substantially in the form set forth on Schedule 1.

Assignment of Receivables. It is hereby agreed and expressly understood that the SELLER may, at any time, unilaterally assign its receivables or any portion thereof to any third party or NHMFC without need of any notice to the BUYER. The BUYER undertakes to honor and abide by the terms and conditions of the assignment to the third party or NHMFC, and further undertakes to fulfill his obligations under this Contract to Sell, NHMFC’s Housing Loan Receivables Purchase Program (HLRPP) Guidelines, including any and all amendatory and supplementary circulars which may hereafter be promulgated and all documents filed in connection with the assignment/transfer of the loan/receivables. 26.1 The BUYER agrees to be bound by the assignment of receivables and acknowledges that the Original Transfer Certificate of Title (TCT)/Condominium Certificate of Title (CCT) subject of the CTS shall be delivered by the DEVELOPER/ORIGINATOR to NHMFC as security for the amounts to be paid/remitted by the DEVELOPER or BUYER to NHMFC under the Deed of Assignment of Receivables with Recourse (XXXX) executed by and between the DEVELOPER/ORIGINATOR and NHMFC, the HLRPP Guidelines and other contracts/documents filed/submitted in relation thereto. 26.2 The BUYER agrees that the subject Original TCT/CCT shall only be released by NHMFC upon full payment by the DEVELOPER/ORIGINATOR/BUYER, as the case may be, of the full amount of the receivables/loan assigned (in addition to the interest, penalties, premiums, and other charges, if any) in accordance with the contracts/documents/Guidelines mentioned under No. 26.1. 26.3 The BUYER agrees to be bound by the failure of the DEVELOPER/ORIGINATOR to pay/remit in favor of NHMFC any amount due to the latter by virtue of the contracts/documents/Guidelines mentioned under No. 26.1. 26.4 The BUYER understands and agrees that the receivables/loan assigned in favor of NHMFC, will form part of a pool of receivables/loans which are to be securitized by NHMFC, in accordance with the Securitization Act of 2004 (R.A. 9267) and other pertinent laws, rules and regulations. 26.5 For purposes of securitization and as stated in the immediately preceding paragraph (Section 26.4), the BUYER agrees to waive his rights under the Realty Installment Buyer Protection Act (R.A. 6552).

Assignment of Receivables. 2.1. Undertaking to Assign and Assignment of Receivables The Assignor agrees (i) to assign to the Assignee (as Collateral Agent, for the benefit and on behalf of the Secured Parties) the Assigned Receivables as security through and until the Termination Date, and (ii) to perfect the Assignment on the date of the Credit Agreement until such time. For the purpose of effecting the Assignment of the Assigned Receivables, the Assignor hereby assigns by way of security to the Assignee (as Collateral Agent, for the benefit and on behalf of the Secured Parties) the Assigned Receivables existing on the date hereof (such existing receivables being listed in Schedules 3 hereof). The Assignee expressly accepts the Assignment. The Assignor hereby expressly acknowledges that the meaning of the term “Swissco Obligations” (and consequently the extent of its undertaking under this Agreement) is defined by reference to the Credit Agreement and the Assignor expressly confirms that it fully understands and accepts the definition of the term “Swissco Obligations”. The rights of the Assignee, upon the occurrence and during the continuance of an Event of Default, pertaining to the Assigned Receivables hereunder include: (i) the right to receive at any time on or after the date of this Agreement all proceeds relative to any Assigned Receivables; (ii) the right to receive the proceeds of any insurance, indemnity, warranty, guarantee, or collateral security relating to such Assigned Receivables, including the right against any bank providing a letter of credit or similar credit instrument; (iii) all claims of the Assignor for damages arising out of or for breach of or default under any contract from which the Assigned Receivables derive; and (iv) the right to demand, xxx for, recover and give receipts for all moneys payable under any contract from which the Assigned Receivables derive (the rights described in clauses (i) to (iv) above shall mean, collectively, the “Ancillary Rights”). Notwithstanding anything contained in this Agreement or any Loan Document to the contrary, “Collateral” shall not include any Excluded Assets; provided, however, that the Security Interest shall immediately attach to, and the Collateral shall immediately include, any such asset (or portion thereof) upon such asset (or such portion) ceasing to be an Excluded Asset.

Assignment of Receivables. The Company reserves the right to assign any outstanding receivables from this Contract to its banking institution as collateral for any loans or lines of credit.

Assignment of Receivables debt assumption and assignment of the whole of this Contract shall be possible only with the consent of the other Party.

Assignment of Receivables. (a) Fleet (RI) hereby acknowledges that Advanta has transferred to Fleet (RI) Advanta's portfolio of consumer credit card accounts including all of the Initial Accounts designated to the Trust pursuant to the terms of Section 2.01 of the Agreement and each Additional Account designated to the Trust pursuant to Section 2.08 of the Agreement and those Assignments of Receivables in Additional Accounts listed in Schedule III to this Assignment Agreement (the "Account Assignments"). Fleet (RI) acknowledges that, pursuant to the Agreement and to the Account Assignments, Advanta has sold, transferred, assigned and set over and otherwise conveyed to the Trustee, on behalf of the Trust, for the benefit of the Certificateholders, all of Advanta's right, title and interest in and to (i) the Receivables existing at the time of the designation of such Accounts as an Account and the Receivables thereafter created from time to time until the termination of the Trust and arising in connection with the Accounts, (ii) all monies due or to become due and all amounts received with respect to the Receivables (including all Finance Charge Receivables relating thereto), (iii) all proceeds (including "proceeds" as defined in the UCC) of and Collections of the Receivables, including Insurance Proceeds and Recoveries relating to Receivables, and (iv) to the extent not otherwise included in the Receivables, Interchange allocable to the Trust pursuant to the Agreement.

Assignment of Receivables. Seller shall executed and deliver to Purchaser a Bxxx of Sale and Assignment in the form attached as Exhibit A assigning and transferring to Purchaser all receivables or debt obligations of the Company owing to or held by Hybrid at the Effective Date.