Continuation of Assignment Sample Clauses

Continuation of Assignment. On the Closing -------------------------- Date, the Trust shall (a) retain all of its right, title and interest in 15,000,000 shares of MAS Stock, and (b) transfer the remaining 4,600,000 shares of MAS Stock which the Trust now owns of record in whatever manner it is directed in writing by ADS. The Trustee acknowledges its continuing record ownership and possession of the 15,000,000 shares of MAS Stock, which shall constitute the initial trust estate (including all income on and proceeds of such initial trust estate, the "Trust Estate"). The Trustee ------------ hereby declares that it will hold the Trust Estate in trust on the terms and conditions set forth herein. For clarity, the same 15,000,000 shares of MAS Stock constituting the Trust Estate shall serve concurrently as the shares issuable to a Purchaser on exchange of a Debenture, issuable to a Purchaser as payment of interest on or principal of a Debenture, shares issuable to a Purchaser on exercise of a Warrant, and as collateral under the Pledge Agreement in the case of an Event of Default under a Debenture or the Pledge Agreement.
Sample 1
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Continuation of Assignment. It is understood that any employee grievant shall, during the pendency of any grievance, continue to observe all legal and required assignments and rules and regulations of the Board of Education until such grievance and any effect thereon shall have been duly determined.
Sample 1

Related to Continuation of Assignment

  • Termination of Assignment Citizens and the Firm may each terminate a specific assignment, or all assignments held by the Firm, at any time upon advance written notice. Citizens may also reassign any matter at any time upon advance written notice. Once terminated, the Firm agrees to timely withdraw as counsel in any court proceeding.‌

  • Continuation of Agreement This Agreement shall become effective for each Fund as of the date first set forth above and shall continue in effect for each Fund until August 1, 2007, unless sooner terminated as hereinafter provided, and shall continue in effect from year to year thereafter for each Fund only as long as such continuance is specifically approved at least annually (i) by either the Board of Directors or by the vote of a majority of the outstanding voting securities of such Fund, and (ii) by the vote of a majority of the Directors, who are not parties to the Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. The annual approvals provided for herein shall be effective to continue this Agreement from year to year if given within a period beginning not more than 90 days prior to August 1st of each applicable year, notwithstanding the fact that more than 365 days may have elapsed since the date on which such approval was last given.

  • Prohibition of Assignment This Agreement and the rights, duties and obligations hereunder may not be assigned or delegated by Consultant without the prior written consent of the Company. Any assignment of rights or delegation of duties or obligations hereunder made without such prior written consent shall be void and of no effect.

  • Notice of Assignment Upon its receipt of a duly executed and completed Assignment Agreement, together with the processing and recordation fee referred to in Section 10.6(d) (and any forms, certificates or other evidence required by this Agreement in connection therewith), Administrative Agent shall record the information contained in such Assignment Agreement in the Register, shall give prompt notice thereof to Company and shall maintain a copy of such Assignment Agreement.

  • Acceptance of Assignment Assignee hereby accepts the assignment contained in paragraph 1 hereof.

  • Continuation of Company In the event of an occurrence described in Section 1.04(c), if there is at least one remaining Member, the remaining Member has the right to continue the business of the Company. The remaining Member’s successor, assignee, or transferee may continue the business of the Company, provided the successor, assignee, or transferee consents to the continuation in writing and submits any necessary filings to the office of the Secretary of State.

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