Legal Assignment Sample Clauses
A Legal Assignment clause establishes the conditions under which a party to a contract may transfer its rights or obligations to another party. Typically, this clause outlines whether assignments are permitted, if prior written consent is required, and any exceptions or limitations that apply. For example, it may allow assignment in the event of a merger or restrict assignment to prevent unwanted third parties from entering the agreement. The core function of this clause is to provide clarity and control over the transferability of contractual interests, thereby protecting the parties from unexpected changes in who holds rights or responsibilities under the contract.
Legal Assignment upon request by the Security Agent, execute a legal ---------------- assignment of the Debts (or any, or any part of them) to the Security Agent and give notice thereof in writing to the respective Debtors; and
Legal Assignment. The Seller shall, if requested by the Operating Agent after the occurrence of an Early Amortisation Event, forthwith execute a legal assignment to the Buyer or the Operating Agent or as the Operating Agent may direct (as determined by the Operating Agent) in such form as the Operating Agent requires of all or any of the Purchased Receivables and the Related Security and the full benefit thereof and will, if so required, give notice thereof to the relevant Account Debtor.
Legal Assignment. ATLAS shall not initiate legal proceedings on any account without prior authorization by a designated individual or individuals by CITY. All attorney fees incurred with legal collections proceedings will be the responsibility of ATLAS. Court costs expenses and selection of accounts for litigation are the responsibility of the CITY. Arrangements can usually be made with the local courts to defer these until collections are made on these accounts with judgments attached.
Legal Assignment. The Opcos shall, at any time upon or following an Event of Default which is continuing, at the request of the Receivables Purchaser, execute and deliver to the SPV a legal assignment of any Debt.
Legal Assignment. Each Seller shall, if requested by the Operating Agent, forthwith execute a legal assignment to the Buyer or the Operating Agent or as the Operating Agent may direct (as determined by the Operating Agent) in such form as the Operating Agent requires of all or any of the Purchased Receivables and the Related Security and the full benefit thereof and will, if so required, give notice thereof to the relevant Designated Account Debtor.
Legal Assignment. Exide Funding shall, if requested by the Operating Agent after the occurrence of an Early Amortisation Event, forthwith execute any required documents to establish a legal assignment (or the equivalent thereof in the relevant jurisdiction) from the relevant Originator to Exide Funding and from Exide Funding to the Buyer or the Operating Agent or as the Operating Agent may direct (as determined by the Operating Agent) in such form as the Operating Agent requires of all or any of the Paid Receivables and the Related Security and the full benefit thereof and will, if so required, give notice thereof to the relevant Designated Account Debtor.
Legal Assignment