Assignor Provisions Clause Samples
The Assignor Provisions clause defines the rights, responsibilities, and limitations of the party transferring its interest or obligations under a contract (the assignor). Typically, this clause outlines the conditions under which the assignor may assign its rights, such as requiring prior written consent from the other party, and may specify any warranties or representations the assignor must make regarding the assignment. Its core practical function is to ensure that any transfer of contractual rights or duties is controlled and transparent, thereby protecting the interests of all parties involved and preventing unauthorized or undesirable assignments.
Assignor Provisions. Assignor (a) represents and warrants to Assignee that ------------------- as of the Effective Date (i) $_____________________________ and $______________________________ are outstanding (without reduction for any assignments that have not yet become effective) respectively under the Assignor's Term Note and Revolving Note, (ii) Assignor is the legal and beneficial owner of the Assigned Interest, which is free and clear of any adverse claim, and (iii) Assignor has not been notified of an existing Default or Potential Default, and (b) makes no representation or warranty to Assignee and assumes no responsibility to Assignee with respect to (i) any statements, warranties, or representations made in or in connection with any Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency, or value of any Loan Document, or (iii) the financial condition of any Company or the performance or observance by any Company of any of its obligations under any Loan Document.
Assignor Provisions. The Assignor (a) represents and warrants to the Assignee that, as of the Effective Date, the Assignor is the legal and beneficial owner of the Assigned Interest, which is free and clear of any adverse claim, and (b) makes no representation or warranty to the Assignee and assumes no responsibility to the Assignee with respect to (i) any statements, warranties, or representations made in or in connection with any Credit Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency, or value of any Credit Document, or (iii) the financial condition of the Borrower or any Company or the performance or observance by any Company of any of its obligations under any Credit Document.
Assignor Provisions. Assignor (a) represents and warrants to Assignee that as of the Effective Date (i) the following principal amounts are owed to it without reduction for any assignments that have not yet become effective: Item Amount Principal Debt of Term Facility $ and (ii) Assignor is the legal and beneficial owner of the Assigned Interest, which is free and clear of any adverse claim, and (b) makes no representation or warranty to Assignee and assumes no responsibility to Assignee with respect to (i) any statements, warranties, or representations made in or in connection with any Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency, or value of any Loan Document, or (iii) the financial condition of any Company or the performance or observance by any Company of any of its obligations under any Loan Document.
Assignor Provisions. Assignor
(a) represents and warrants to Assignee that as of the Effective Date (i) the following principal amounts and LC liabilities are owed to it without reduction for any assignments that have not yet become effective: Item Amount ---- ------ Principal Debt of Revolving Facility $ LC reimbursement obligations $ (S) 2.3(b) participations $ and (ii) Assignor is the legal and beneficial owner of the Assigned Interest, which is free and clear of any adverse claim, and (b) makes no representation or warranty to Assignee and assumes no responsibility to Assignee with respect to (i) any statements, warranties, or representations made in or in connection with any Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency, or value of any Loan Document, or (iii) the financial condition of any Company or the performance or observance by any Company of any of its obligations under any Loan Document.
Assignor Provisions. Assignor (a) represents and warrants to Assignee that as of the Effective Date (i) the following principal amounts and LC liabilities are owed to it without reduction for any assignments that have not yet become effective: -------------------------------------------------- -------------------------------------------------- ITEM AMOUNT -------------------------------------------------- -------------------------------------------------- Principal Debt of Revolving Facility $ -------------------------------------------------- LC reimbursables $ -------------------------------------------------- Section 2.4(c) participations $ -------------------------------------------------- -------------------------------------------------- and (ii) Assignor is the legal and beneficial owner of the Assigned Interest, which is free and clear of any adverse claim, and (b) makes no representation or warranty to Assignee and assumes no responsibility to Assignee with respect to (i) any statements, warranties, or representations made in or in connection with any Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency, or value of any Loan Document, or (iii) the financial condition of any Company or the performance or observance by any Company of any of its obligations under any Loan Document. EXHIBIT F
Assignor Provisions. Assignor
Assignor Provisions. Assignor
(a) represents and warrants to Assignee that as of the Effective Date (i) the following principal amounts are owed to it without reduction for any assignments that have not yet become effective: ======================================================= Item Amount ======================================================= Principal Debt of Ratable Borrowings $
Assignor Provisions. Assignor
(a) represents and warrants to Assignee that as of the Effective Date (i) the following principal amounts are owed to it without reduction for any assignments that have not yet become effective: ======================================================= Item Amount ======================================================= Principal Debt of Ratable Borrowings $