Subrogation and Assignment. 10.1.- For the subrogation of rights and obligations under this contract, it shall be sufficient to notify IBERDROLA of the change of ownership in a manner that requires acknowledgement of receipt, as long as payments are up to date. This notification must contain the new Client’s conformance, which must state their personal information and registered address for receiving bills, the tax identification number and the direct debiting information.
Subrogation and Assignment. Client is authorized to negotiate and be paid for Checks it receives in the ordinary course of its business unless otherwise instructed in writing by FIS following an "Event of Default", as defined below. Client's submission of a Warranty Claim shall be deemed an immediate assignment and subrogation of all right, title and interest in the corresponding Check to FIS. Client shall do whatever is necessary to secure FIS's right, title and interest in Warranty Claim Checks; shall cooperate with FIS in its confirmation of such right, title and interest; shall do nothing to prejudice such right, title or interest; and shall do nothing to impair FIS's ability to collect those Checks. In its capacity as assignee and/or subrogee, FIS is authorized to collect authorized Checks in its own name and on its own account. Client irrevocably authorizes and appoints FIS as its attorney-in-fact to: (a) prepare, execute and file statements, notices to financial institutions and other papers which FIS deems appropriate to acknowledge, confirm or perfect its rights and interest in authorized Checks; (b) sign any law enforcement reports, affidavits or other papers which are necessary to prosecute a Business or Check Xxxxxx; and (c) collect returned Checks, together with service charges and permissible damages. Client shall, upon request, reasonably cooperate with and assist in collection efforts and/or the prosecution of a Business or Check Xxxxxx, including making its employees and agents reasonably available to testify.
Subrogation and Assignment. Relating to Funds Received from the Puerto Rico Department of Housing Non-Federal Match Program.
Subrogation and Assignment. Relating to Funds Received under the Housing Trust Fund Corporation Mount Xxxxxx Healthy Homes Program.
Subrogation and Assignment. (a) Without prejudice and in addition to the provisions of the Reimbursement and Subrogation Agreement and any right of indemnification or subrogation JBIC may have at law, in equity or otherwise:
Subrogation and Assignment. Subject to the indefeasible payment in full of all Obligations, the Guarantor shall be subrogated to the Bank's rights to receive payments or distributions of cash, property or securities of the Debtor applicable to the Obligations until the principal of and interest on the amounts paid under this Guaranty shall be paid in full; and, for the purposes of such subrogation, no payments or distributions to the Agent, for the benefit of the Banks, of any cash, property or securities to which the Guarantor would be entitled, except for the provisions of this Guaranty, and no payment over pursuant to the provisions of this Guaranty to or for the Banks' benefit by the Guarantor, shall, as between the Debtor, its creditors other than the Agent, the Banks and the Guarantor, be deemed to be a payment by the Debtor to or on account of the Obligations. Notwithstanding the foregoing, the Guarantor hereby knowingly, voluntarily and intentionally waives any rights it may have to be subrogated to the Banks' rights until the latest to occur of (i) the date all Obligations are finally and irrevocably repaid to the Banks in full and the Credit Agreement is terminated or (ii) if the Debtor is subject to a bankruptcy, reorganization or other similar proceeding then two days beyond that period of time within which an action (whether by adversary proceeding or otherwise) may be commenced to recover any preferential transfer or fraudulent conveyance from any transferee; provided, however, if in the event of such a proceeding the Agent or the Banks are required to pay back any amounts previously received due to the existence or exercise of the subrogation rights, the Guarantor will reimburse the Agent, for the benefit of the Banks, for any such payments promptly upon demand therefor. The Guarantor acknowledges that the Agent and the Banks have been induced to accept this Guaranty and to enter into the Credit Agreement and the other Related Documents in part in reliance upon the provisions of this Section 4.
