Common use of Issuer's Rights of Assignment Clause in Contracts

Issuer's Rights of Assignment. The Issuer may, only in accordance with the Indenture, assign this Agreement, the Note and the security interest of the Issuer created hereby and pledge the moneys receivable hereunder to the Trustee as security for payment of the principal of and premium, if any, and interest on the Bonds and all amounts payable under the Indenture and the other Financing Documents. The Company hereby assents to such assignments and agrees that the Trustee may exercise and enforce in accordance with the Indenture any of the rights of the Issuer under this Agreement or the Note. Any such assignment, however, shall be subject to all of the rights and privileges of the Company as provided in this Agreement.

Appears in 5 contracts

Samples: Loan Agreement (Cleco Corp), Loan Agreement (Cleco Corp), Loan Agreement (Cleco Power LLC)

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Issuer's Rights of Assignment. The Issuer may, only in accordance with the Indenture, assign its rights and interests under this Agreement, the Note and the security interest of the Issuer created hereby Agreement as set forth in Section 5.5 hereof and pledge the moneys receivable hereunder to the Trustee as security for payment of the principal of and premium, if any, and interest on the Bonds and all amounts payable under the Indenture Indenture, the Bonds and the other Financing Documentsthis Agreement. The Company hereby assents to such assignments and agrees that the Trustee may exercise and enforce in accordance with the Indenture any of the rights of the Issuer under this Agreement or and the Note. Any such assignment, however, shall be subject to all of the rights and privileges of the Company as provided in this Agreement.

Appears in 1 contract

Samples: Loan Agreement (System Energy Resources, Inc)

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