Terms of Sale & Assignment of RISC Sample Clauses

Terms of Sale & Assignment of RISC. Pursuant to the Agreement, Dealer agrees to sell, assign, and transfer all of Dealer’s right, title, and interest in each fully executed RISC to GAF. The Dealer waives all demands and notice of default and repossession and disposition and consents that without notice GAF may extend time to or compound or release any rights against the Customer or other co-buyer or any guarantors. If any of the representations or warranties of the Dealer contained in this Agreement or any of the representations or warranties of the Customer or other co-buyer contained in the RISC Form or any other document executed by Customer should be untrue or illegal, the Dealer agrees to repurchase such RISC in cash upon demand and to pay therefore the amount owing thereon plus all costs and expenses, if any, with legal fess (statutory and non- statutory), for the enforcement of such repurchase, and to indemnify, defend, and hold GAF harmless of and from any and all losses, costs, expenses, or damages arising directly or indirectly from such untruth or illegal action. Any delay in GAF’s right to pursue redelivery or repossess a vehicle purchased pursuant to a RISC shall not affect Dealer’s obligation to repurchase the RISC. If any RISC sale is rescinded by court order, Dealer shall pay GAF the full amount which GAF paid to purchase the particular RISC, plus interest on such amount from the date of purchase of the RISC by GAF to the date of payment of such amount by Dealer at the rate of interest set forth in the RISC, plus all out-of-pocket costs and expenses incurred by GAF to obtain payments under the RISC or to perfect GAF’s rights under the RISC or to realize proceeds from the collateral that secures the RISC, and not reimbursed by the Customer or other co-buyer or from the proceeds realized by GAF pursuant to the RISC, less all payments received by GAF with respect to the RISC from the Customer or other co-buyer or with respect to the collateral that secures the RISC. The Dealer shall be liable even if a waiver, compromise, settlement, or valuation of the terms of the RISC releases the Customer or other co-buyer. The terms of this paragraph shall supercede terms and conditions of sale contained in the RISC Form. Dealer shall immediately forward to GAF any payments that it may receive upon a RISC after its assignment to GAF. Dealer authorizes GAF to place Dealer’s endorsement on any check received on a RISC that has been assigned to GAF. In the event Dealer receives any unearned pa...
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to Terms of Sale & Assignment of RISC

  • Assignment of Agreement The following conditions must be satisfied in order to effectuate any assignment of this Agreement:

  • Assignment of Rights Borrower acknowledges and understands that Agent or Lender may, subject to Section 11.7, sell and assign all or part of its interest hereunder and under the Loan Documents to any Person or entity (an “Assignee”). After such assignment the term “Agent” or “Lender” as used in the Loan Documents shall mean and include such Assignee, and such Assignee shall be vested with all rights, powers and remedies of Agent and Lender hereunder with respect to the interest so assigned; but with respect to any such interest not so transferred, Agent and Lender shall retain all rights, powers and remedies hereby given. No such assignment by Agent or Lender shall relieve Borrower of any of its obligations hereunder. Lender agrees that in the event of any transfer by it of the Note(s)(if any), it will endorse thereon a notation as to the portion of the principal of the Note(s), which shall have been paid at the time of such transfer and as to the date to which interest shall have been last paid thereon.

  • Non-Assignment of Agreement The Grantee may not assign, sublicense or otherwise transfer its rights, duties or obligations under this Agreement without the prior written consent of the Division, which shall not unreasonably be withheld. The agreement transferee must demonstrate compliance with the requirements of the project. If the Division approves a transfer of the Grantee’s obligations, the Grantee shall remain liable for all work performed and all expenses incurred in connection with this Agreement. In the event the Legislature transfers the rights, duties and obligations of the Division to another governmental entity, pursuant to Section 20.06, Florida Statutes or otherwise, the rights, duties and obligations under this Agreement shall be transferred to the succeeding governmental agency as if it was the original party to this Agreement.

  • Assignment of Contract A. Unless expressly agreed to elsewhere in the Contract, no assignment by a party hereto of any rights under or interests in the Contract will be binding on another party hereto without the written consent of the party sought to be bound; and, specifically but without limitation, money that may become due and money that is due may not be assigned without such consent (except to the extent that the effect of this restriction may be limited by law), and unless specifically stated to the contrary in any written consent to an assignment, no assignment will release or discharge the assignor from any duty or responsibility under the Contract Documents.

  • Assignment and Transfer The Member may assign or transfer in whole but not in part its limited liability company interest to a single acquiror.

  • CESSION, ASSIGNMENT AND TRANSFER 30.1 The Licensee is not entitled to cede, assign or transfer any of its rights, title or interest in the Agreement without XXXXX’s consent, which consent must not be unreasonably withheld.

  • The Assignment On or prior to the Purchase Date, World Omni will execute and deliver the RPA Assignment.

  • Change of Control; Assignment and Subcontracting Except as set forth in this Section 7.5, neither party may assign any of its rights and obligations under this Agreement without the prior written approval of the other party, which approval will not be unreasonably withheld. For purposes of this Section 7.5, a direct or indirect change of control of Registry Operator or any subcontracting arrangement that relates to any Critical Function (as identified in Section 6 of Specification 10) for the TLD (a “Material Subcontracting Arrangement”) shall be deemed an assignment.

  • Assignment Amendments Waiver and Contract Complete 8.1 The Contractor may neither assign nor transfer any rights or obligations under this Agreement without the prior consent of the Authority and a fully executed Assignment Agreement, executed and approved by the same parties who executed and approved this Agreement, or their successors in office. Any attempted assignment without said consent shall be void and of no effect. The Authority may assign or otherwise transfer or dispose of all or a portion of this Agreement in its sole discretion and without the consent of the Contractor. The Contractor shall execute all consents reasonably required to facilitate such assignment or other transfer.

  • ASSIGNMENT AND SUBCONTRACT 16.1. If any Affiliate of either Party succeeds to that portion of the business of such Party that is responsible for, or entitled to, any rights, obligations, duties, or other interests under this Agreement, such Affiliate may succeed to those rights, obligations, duties, and interest of such Party under this Agreement. In the event of any such succession hereunder, the successor shall expressly undertake in writing to the other Party the performance and liability for those obligations and duties as to which it is succeeding a Party to this Agreement. Thereafter, the successor Party shall be deemed CLEC or Sprint and the original Party shall be relieved of such obligations and duties, except for matters arising out of events occurring prior to the date of such undertaking.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!