ASSIGNMENT WITHOUT RECOURSE Sample Clauses

ASSIGNMENT WITHOUT RECOURSE. The Seller agrees to sell and assign the said Note and Mortgage without recourse as to the future financial performance of the mortgagor(s) and the Seller assumes no responsibility or liability relating thereto, except that the Seller acknowledges that the Buyer's Entitlement has priority over the Seller's retained interest in the Note and Mortgage. The Seller's liability is specifically limited to the Seller's retained interest in the Note and Mortgage. Further, while the Seller does not warrant the future financial performance of the mortgagor, as to all other terms, conditions, representations, warranties, and covenants of this Agreement, the Seller agrees to assume personal responsibility and liability therefore.
Sample 1
AutoNDA by SimpleDocs
ASSIGNMENT WITHOUT RECOURSE. The assignment of the Contract shall be without recourse, as provided by the terms of the “Assignment Without Recourse” provision on the reverse side of a Contract.
Sample 1
ASSIGNMENT WITHOUT RECOURSE. The Seller agrees to sell and assign the said Note and Deed of Trust without recourse as to the future financial performance of the Grantor(s) and assumes no responsibility or liability relating thereto. However, as to all other terms, conditions, representatives, warranties, and covenants of this Agreement, the Seller agrees to assume personal responsibility and liability therefore.
Sample 1
ASSIGNMENT WITHOUT RECOURSE. PEDCO is currently in default in the payment of rent to the City under the Lease. The City assigns the Lease to PDF without recourse.
Sample 1
ASSIGNMENT WITHOUT RECOURSE. The Parties agree that the transfer of Assigned Receivables to the Assignee shall be without recourse and without any type of warranty from the Assignor as to the solvency of each Assigned Debtor. The Assignee therefore fully and expressly waives the warranty as to solvency in relation to Assigned Receivables.
Sample 1
ASSIGNMENT WITHOUT RECOURSE. The Seller agrees to sell and assign the said Installment Contract without recourse as to the future financial performance of the Vendee(s) and the Seller assumes no responsibility or liability relating thereto, except that the Seller acknowledges that the Purchaser's Entitlement has priority over the Seller's retained interest in the Installment Contract. The Seller's liability is specifically limited to the Seller's retained interest in the Installment Contract. Further, while the Seller does not warrant the future financial performance of the Vendee, as to all other terms, conditions, representations, warranties, and covenants of this Agreement, the Seller agrees to assume personal responsibility and liability therefore.
Sample 1

Related to ASSIGNMENT WITHOUT RECOURSE

  • NO ASSIGNMENT WITHOUT PERMISSION Other than in connection with a sale of all or substantially all of its competitive electric supply business, Competitive Supplier shall not assign its rights and privileges under this Agreement without the prior written approval of the Town. Such approval may by denied at the reasonable discretion of the Town if it determines that the proposed assignee does not have at least the same financial ability, experience, and qualifications as the assigning Competitive Supplier. Notwithstanding the foregoing, the Town may not unreasonably withhold its consent to an assignment to an affiliated entity under common control or management with Competitive Supplier or Competitive Supplier’s corporate parent that has the financial ability, qualifications, and experience to fulfill all obligations of Competitive Supplier under this Agreement, and which agrees, in writing to be bound by the terms and conditions of this Agreement. By making any assignment under this Article, Competitive Supplier shall be deemed to have represented and warranted to the Town that the assignee possesses such financial ability, qualifications, and experience. The Town may assign this Agreement without the prior consent of Competitive Supplier provided that the proposed assignee has at least the same creditworthiness as the Town and such assignment would not in any way impair the rights and interests of Competitive Supplier under this Agreement. The rights and obligations created by this Agreement shall inure to the benefit of, and be binding upon, the successors and permitted assigns of, the respective Parties hereto.

  • No Assignment Without Consent This Charter shall not be assigned by either party without mutual written consent.

  • Exercise or Transfer Without Registration If, at the time of the surrender of this Warrant in connection with any exercise, transfer, or exchange of this Warrant, this Warrant (or, in the case of any exercise, the Warrant Shares issuable hereunder), shall not be registered under the Securities Act of 1933, as amended (the "Securities Act") and under applicable state securities or blue sky laws, the Company may require, as a condition of allowing such exercise, transfer, or exchange, (i) that the holder or transferee of this Warrant, as the case may be, furnish to the Company a written opinion of counsel, which opinion and counsel are acceptable to the Company, to the effect that such exercise, transfer, or exchange may be made without registration under said Act and under applicable state securities or blue sky laws, (ii) that the holder or transferee execute and deliver to the Company an investment letter in form and substance acceptable to the Company and (iii) that the transferee be an "accredited investor" as defined in Rule 501(a) promulgated under the Securities Act; provided that no such opinion, letter or status as an "accredited investor" shall be required in connection with a transfer pursuant to Rule 144 under the Securities Act. The first holder of this Warrant, by taking and holding the same, represents to the Company that such holder is acquiring this Warrant for investment and not with a view to the distribution thereof.

  • Liability for Failure to Make Transfers If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • Assignment Without Prior Consent If the Interconnection Agreement between the Wholesale Market Participant and the Transmission Owner, as referenced in section 3.1.4 herein, provides that such Interconnection Agreement may be assigned, and such Interconnection Agreement was assigned, then the Wholesale Market Participant may assign its rights or delegate its duties under this WMPA without the Transmission Owner’s or Transmission Provider’s prior consent to any Affiliate or person that purchases or otherwise acquires, directly or indirectly, all of the Participant Facility, provided that prior to the effective date of any such assignment: (1) the assignee shall demonstrate that, as of the effective date of the assignment, the assignee has the technical and operational competence to comply with the requirements of this WMPA; and (2) in writing to the Transmission Owner and Transmission Provider, assignee assumes all rights, duties, and obligations of Wholesale Market Participant arising under this WMPA. However, any assignment described herein shall not relieve or discharge the Wholesale Market Participant from any of its obligations hereunder absent the written consent of the Transmission Provider, such consent not to be unreasonably withheld, conditioned or delayed.

  • Publicly Known Without Breach Such information becomes known to the general public without a breach of this Agreement or a similar confidential disclosure agreement regarding such information;

  • Our Liability for Failure to Make Transfers If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • No Action without Instructions Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the Required Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).

  • Trial Without Jury If the parties fail to resolve the dispute through mediation, or if neither party elects to initiate mediation, each party shall have the right to pursue any other remedies legally available to resolve the dispute, provided, however, that the parties expressly waive any right to a jury trial in any legal proceeding under this Section.

  • No Assignment or Transfer Notwithstanding anything to the contrary in this Award Agreement, neither this Award Agreement nor any rights granted herein shall be assignable by the Participant. Neither this Award Agreement nor any rights granted herein shall be transferable by the Participant in any circumstances, except on the death of the Participant.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!