Common use of PURPOSE OF THE ASSIGNMENT Clause in Contracts

PURPOSE OF THE ASSIGNMENT. The Assignment is constituted in order to secure the full and irrevocable satisfaction and discharge of any and all Secured Claims. The Assignor hereby expressly agrees that the Assignment shall also secure any future extension or increase of the Secured Claims and the Secured Claims as extended or increased from time to time.

PURPOSE OF THE ASSIGNMENT. The Assignment is constituted in order to secure the full and irrevocable final satisfaction and discharge of any and all Secured ClaimsObligations. The Assignor hereby expressly agrees that the Assignment shall also secure any future extension or increase of the Secured Claims Obligations and the Secured Claims Obligations as extended or increased from time to time, as well as in particular any claims for the payment of principal, interest, costs, fees and damages based on contract, unjust enrichment (ungerechtfertigte Bereicherung) or tort (Delikt).