Credit Assignment. (a) Each teacher will be entitled to the assignment of one credit. Two make-up courses are considered to be the equivalent of one credit.
(b) Where a more senior qualified teacher has not been hired in accordance with (a) (ii), the Board shall provide, upon written request of the teacher, the reasons why the teacher was not offered the position.
Credit Assignment. It is hereby expressly stated and the Purchaser is hereby notified that on July 20, 2011, RDSA assigned and transferred to Banco Santander Río S.A., with domicile at Xxxxxxxxx Xxxxx 480 of the Cit of Buenos Aires (the “Bank”), pursuant to Sections 1434 and similar one, 3204 and 3238 of the Civil Code, all the rights to collect present and/ or future price balances, payments, securities, penalties and interest amounts corresponding to RDSA pursuant to this Preliminary Sales Contract and any other supplementary agreement and/ or contract entered into and/ or to be entered into regarding thereto (the “Assignment”). Furthermore, should the Seller hereinafter decide to assign the credit pursuant to Sections 70 to 72 of Act No. 24,441, the credit assignment may be made without any notice to the Purchaser and will be valid as from its formalization pursuant to Section 72 of said act. The Purchaser expressly states that, as provided for in said Act, the assignment will be valid as from its effective date and that it may only enforce against the assignee the exceptions set forth in said Section 72. However, in case the assignment implies a modification of the payment domicile, the new address should be notified to the Purchaser by a reliable means. Such assignment will not release the Seller from any of its obligations under this Preliminary Sales Contract.
Credit Assignment. The Beneficiary undertakes to ensure execution of security assignment, through deed of assignment of credit as per deed to be agreed between the Parties, the form and content of which must meet with the approval of the Agent Bank, of the European credits owed to the Beneficiary and to the Assigning Companies by the European debtors (the “European Debtors”), where assignable, as identified in greater detail in annex 15.4 bis hereto (hereinafter the “Credits”). Moreover, in signing this Agreement and the deeds of Credit Assignment, the Beneficiary also undertakes to ensure assignment of the credits, including future credits, owed by the European Debtors, which the Beneficiary and/or the other Assigning Companies, are or become holders in the future, with the related flows being channelled, within a reasonable time, to current accounts opened with UniCredit. If for any reason the deeds of assignment stipulated before the Disbursement Date by the Beneficiary and/or the Assigning Companies are or become null, void or ineffectual for any reason, the Beneficiary undertakes, following written request from the Agent Bank, to promptly stipulate, or ensure stipulation, of new deeds of assignment that are valid and effective.
Credit Assignment. The Creditor is authorized to assign or participate in this facility at any time, in whole or in part, to a third party (national or foreign) without the need for prior notice; it is also authorized to provide the necessary information for this purpose.
