Secured Party Assignment Sample Clauses
The Secured Party Assignment clause allows the secured party, typically a lender or creditor, to transfer its rights and interests under the agreement to another party. In practice, this means the secured party can assign its security interest in the collateral or the underlying loan to a third party, such as another financial institution or investor, often without needing the debtor's consent. This clause facilitates the transferability of security interests, making it easier for lenders to sell or syndicate loans and manage their portfolios.
Secured Party Assignment. All rights and obligations of the Secured Party hereunder shall be freely assignable in whole or in part without the consent of the Debtor and in any action brought by any assignee to enforce such rights, the Debtor shall not assert against such assignee any claim, defence, right of set-off, or the benefit of any equities which the Debtor now has or may hereafter have against the Secured Party.
Secured Party Assignment. All rights and obligations of the Secured Party hereunder shall be assignable in whole or in part in accordance with the Credit Agreement.
Secured Party Assignment. All rights and obligations of the Secured Party hereunder shall be assignable in whole or in part in accordance with the Loan Agreement.
Secured Party Assignment. Secured Party, from time to time, may assign, sell, or transfer in whole or in part its interests in the Loan, or any of its rights under any of the other Debt Documents, including servicing rights, whether as part of a securitization transaction or by participation, assignment, sale or other transfer (in each case, a “ Secured Party Transfer”). Upon a Secured Party Transfer of Secured Party’s entire right and interest under the Loan and (as the case may be) any other Debt Documents, Secured Party shall automatically be relieved, from and after the date of such assignment, of liability for the performance of any obligation of Secured Party contained in the Loan and (as the case may be) any other Debt Documents arising or accruing from or after the assignment.