Common use of Effectiveness of Assignment Clause in Contracts

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

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

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

Appears in 1 contract

Samples: Collateral Agency Agreement (Horton D R Inc /De/)

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

Appears in 1 contract

Samples: Credit Agreement (Rite Aid Corp)

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

Appears in 1 contract

Samples: Loan Agreement (Pulte Homes Inc/Mi/)

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

Appears in 1 contract

Samples: Loan Agreement (Horton D R Inc /De/)

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

Appears in 1 contract

Samples: Credit Agreement (FlexShopper, Inc.)

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