Common use of Effectiveness of Assignment Clause in Contracts

Effectiveness of Assignment. Following the execution of this Assignment and Acceptance by the Assignor, the Managing Agent, [and] the Assignee, [the Borrower and the Servicer,] it will be delivered to the Program Agent for acceptance and recording by the Program Agent. The effective date of this Assignment and Acceptance shall be the date of acceptance thereof by the Program Agent, unless otherwise specified in Section 3 of the signature page hereto (the “Effective Date”).

Appears in 17 contracts

Samples: Loan and Servicing Agreement (Tampa Electric Co), Loan and Servicing Agreement (Drivetime Automotive Group Inc), Loan and Servicing Agreement (DT Acceptance Corp)

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Effectiveness of Assignment. Following the execution of this Assignment and Acceptance by the Assignor, the Managing Agent, [and] the Assignee, [the Borrower and the Servicer,] it will be delivered to the Program Administrative Agent for acceptance and recording by the Program Administrative Agent. The effective date of this Assignment and Acceptance shall be the date of acceptance thereof by the Program Administrative Agent, unless otherwise specified in Section 3 of the signature page hereto (the “Effective Date”).

Appears in 7 contracts

Samples: Receivables Loan Agreement, Sale and Contribution Agreement, Servicing Agreement, Custody Agreement (Hilton Grand Vacations Inc.), Receivables Loan Agreement, Sale and Contribution Agreement, Master Transfer Agreement, Custody Agreement (Hilton Grand Vacations Inc.), Receivables Loan Agreement (Hilton Grand Vacations Inc.)

Effectiveness of Assignment. Following the execution of this Assignment and Acceptance by the Assignor, the Managing Facility Agent, [and] the Assignee, [the Borrower and the Servicer,] it will be delivered to the Program Administrative Agent for acceptance and recording by the Program Administrative Agent. The effective date of this Assignment and Acceptance shall be the date of acceptance thereof by the Program Administrative Agent, unless otherwise specified in Section 3 of the signature page hereto (the “Effective Date”).

Appears in 4 contracts

Samples: Receivables Loan and Servicing Agreement (NRG Energy, Inc.), Receivables Loan and Servicing Agreement (NRG Energy, Inc.), Receivables Loan and Servicing Agreement (NRG Energy, Inc.)

Effectiveness of Assignment. Following the execution of this Assignment and Acceptance by the Assignor, the Managing Agent, [and] the Assignee, [the Borrower and the Servicer,Borrower] it will be delivered to the Program Administrative Agent for acceptance and recording by the Program Administrative Agent. The effective date of this Assignment and Acceptance shall be the date of acceptance thereof by the Program Administrative Agent, unless otherwise specified in Section 3 of the signature page hereto (the “Effective Date”).

Appears in 3 contracts

Samples: Loan and Servicing Agreement (Newell Brands Inc.), Loan and Servicing Agreement (Newell Brands Inc), Loan and Servicing Agreement (Newell Rubbermaid Inc)

Effectiveness of Assignment. Following the execution of this Assignment and Acceptance by the Assignor, the Managing Administrative Agent, [and] the Assignee, [the Borrower and the ServicerBorrower,] 2 it will be delivered to the Program Agent for acceptance and recording by the Program Agent. The effective date of this Assignment and Acceptance shall be the date of acceptance thereof by the Program Agent, unless otherwise specified in Section 3 of the signature page hereto (the “Effective Date”). 2 Borrower’s consent only required in those instances set forth in Section 10.03 of the Agreement.

Appears in 1 contract

Samples: Loan and Servicing Agreement (SNAP-ON Inc)

Effectiveness of Assignment. Following the execution of this Assignment and Acceptance by the Assignor, the Managing Agent, [and] the Assignee, [the Borrower and the Servicer,] it will be delivered to the Program Agent for acceptance and recording by the Program Agent. The effective date of this Assignment and Acceptance shall be the date of acceptance thereof by the Program Agent, unless otherwise specified in Section 3 of the signature page hereto (the "Effective Date").

Appears in 1 contract

Samples: Loan and Servicing Agreement (Sherwin Williams Co)

Effectiveness of Assignment. Following the execution of this Assignment and Acceptance by the Assignor, the Managing Administrative Agent, [and] the Assignee, [the Borrower and the Servicer,] Borrower,]2 it will be delivered to the Program Agent for acceptance and recording by the Program Agent. The effective date of this Assignment and Acceptance shall be the date of acceptance thereof by the Program Agent, unless otherwise specified in Section 3 of the signature page hereto (the “Effective Date”).

Appears in 1 contract

Samples: Loan and Servicing Agreement (Harley Davidson Inc)

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Effectiveness of Assignment. Following the execution of this Assignment and Acceptance by the Assignor, the Managing Administrative Agent, [and] the Assignee, [the Borrower and the Servicer,] Borrower,]2 it will be delivered to the Program Agent for acceptance and recording by the Program Agent. The effective date of this Assignment and Acceptance shall be the date of 2 Borrower’s consent only required in those instances set forth in Section 10.03 of the Agreement. acceptance thereof by the Program Agent, unless otherwise specified in Section 3 of the signature page hereto (the “Effective Date”).

Appears in 1 contract

Samples: Omnibus Amendment (SNAP-ON Inc)

Effectiveness of Assignment. Following the execution of this Assignment and Acceptance by the Assignor, the Managing Administrative Agent, [and] the Assignee, [the Borrower and the Servicer,] Borrower,](2) it will be delivered to the Program Agent for acceptance and recording by the Program Agent. The effective date of this Assignment and Acceptance shall be the date of acceptance thereof by the Program Agent, unless otherwise specified in Section 3 of the signature page hereto (the "Effective Date").

Appears in 1 contract

Samples: Loan and Servicing Agreement (Harley Davidson Inc)

Effectiveness of Assignment. Following the execution of this Assignment and Acceptance by the Assignor, the Managing Administrative Agent, [and] the Assignee, [the Borrower and the Servicer,] Borrower,]2 it will be delivered to the Program Agent for acceptance and recording by the Program Agent. The effective date of this Assignment and Acceptance shall be the date of acceptance thereof by the Program Agent, unless otherwise specified in Section 3 of the signature page hereto (the “Effective Date”). 2 Borrower’s consent only required in those instances set forth in Section 10.03 of the Agreement.

Appears in 1 contract

Samples: Loan and Servicing Agreement (SNAP-ON Inc)

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