ASSIGNMENT WITHOUT RECOURSE Sample Clauses

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 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 Note and Deed of Trust. The Seller's liability is specifically limited to the Seller's retained interest in the Note and Deed of Trust. Further, while the Seller does not warrant the future financial performance of the Grantor, 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 Seller agrees to sell and assign the said Note and Mortgage without recourse as to the future financial performance of the mortgagor(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. 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 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
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

Related to ASSIGNMENT WITHOUT RECOURSE

  • 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.

  • 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.

  • Assignment or Transfer Consultant shall not assign, hypothecate, or transfer, either directly or by operation of law, this Agreement or any interest herein without the prior written consent of the City. Any attempt to do so shall be null and void, and any assignees, hypothecates or transferees shall acquire no right or interest by reason of such attempted assignment, hypothecation or transfer.

  • Termination Without Notice The Employer may terminate an Employee’s employment without notice if the Employee engages in serious misconduct.

  • No transfer without Transfer Certificate No assignment or transfer of any right or obligation of a Lender under any Finance Document is binding on, or effective in relation to, the Borrower, any Security Party, the Agent or the Security Trustee unless it is effected, evidenced or perfected by a Transfer Certificate.

  • Covenants Without Notice The Borrower shall fail to observe or perform any covenant or agreement on its part to be observed or performed which is set forth in Section 5.01, 5.02, 5.09, 5.10, 5.12, 5.13, 5.14 or 5.15;

  • Merger Without Assumption The party or any Credit Support Provider of such party consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, another entity and, at the time of such consolidation, amalgamation, merger or transfer:--

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