Common use of Secured Party Assignment Clause in Contracts

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.

Appears in 3 contracts

Samples: General Security Agreement (Gilla Inc.), General Security Agreement (Gilla Inc.), General Security Agreement (InterAmerican Gaming, Inc.)

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Secured Party Assignment. All rights and obligations of the Secured Party hereunder shall be freely assignable in whole or in part without in the consent of manner permitted pursuant to the Debtor Loan Agreement, 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.

Appears in 1 contract

Samples: General Security Agreement (Value Holdings Inc)

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