Not an Extension of Credit. This Agreement constitutes an assignment of future Benefit Assessments and their related Benefit Assessment Liens and shall in no way be construed as an extension of credit by Capital Provider to Green Bank. In the event of an insolvency of Green Bank, Green Bank shall not claim any such Benefit Assessment or its related Benefit Assessment Lien as an asset of its estate, the parties hereto acknowledging that their intent is to treat assignment as a transfer of Green Bank’s right, title and interest in and to any such Benefit Assessment and its related Benefit Assessment Lien as they relate to the Property.
Appears in 4 contracts
Samples: C Pace Benefit Assessment and Lien Assignment and Administration Agreement, C Pace Benefit Assessment and Lien Assignment and Administration Agreement, C Pace Benefit Assessment and Lien Assignment and Administration Agreement
Not an Extension of Credit. This Agreement constitutes constitutes an assignment of future Benefit Assessments and their related Benefit Assessment Liens and shall in no way be construed as an extension of credit by Capital Provider to Green Bank. In the event of an insolvency of Green Bank, Green Bank shall not claim any such Benefit Assessment or its related Benefit Assessment Lien as an asset of its estate, the parties hereto acknowledging that their intent is to treat assignment as a transfer of Green Bank’s right, title and interest in and to any such Benefit Assessment and its related Benefit Assessment Lien as they relate to the Property.
Appears in 2 contracts
Samples: C Pace Benefit Assessment and Lien Assignment and Administration Agreement, C Pace Benefit Assessment and Lien Assignment and Administration Agreement
