Common use of Transfer of Claims Clause in Contracts

Transfer of Claims. If, and to the extent that, any of the Released Claims are, for any reason whatsoever, not fully, finally and forever released and discharged pursuant to the terms above, each Borrower does hereby absolutely and unconditionally grant, sell, bargain, transfer, assign and convey to Lender all of the Released Claims and any proceeds, settlements and distributions relating thereto.

Appears in 4 contracts

Samples: Forbearance Agreement (Zanett Inc), Forbearance Agreement (Zanett Inc), Forbearance Agreement (Zanett Inc)

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Transfer of Claims. If, and to the extent that, any of the Released Claims are, for any reason whatsoever, not fully, finally and forever released and discharged pursuant to the terms of Subsection 11(a) above, each Borrower does hereby absolutely and unconditionally grant, sell, bargain, transfer, assign and convey to Lender Agent all of the Released Claims and any proceeds, settlements and distributions relating thereto.

Appears in 2 contracts

Samples: Loan and Security Agreement (Fuelcell Energy Inc), Loan and Security Agreement (Fuelcell Energy Inc)

Transfer of Claims. If, and to the extent that, any of the Released Claims are, for any reason whatsoever, not fully, finally and forever released and discharged pursuant to the terms above, each Borrower does hereby absolutely and unconditionally grantgrants, sellsells, bargainbargains, transfertransfers, assign assigns and convey conveys to Lender all of the Released Claims and any proceeds, settlements and distributions relating thereto.

Appears in 1 contract

Samples: Forbearance Agreement (Access to Money, Inc.)

Transfer of Claims. If, and to the extent that, any of the Released Claims are, for any reason whatsoever, not fully, finally and forever released and discharged pursuant to the terms above, each Borrower does hereby absolutely and unconditionally grantgrants, sellsells, bargainbargains, transfertransfers, assign assigns and convey conveys to Lender Lenders all of the Released Claims and any proceeds, settlements and distributions relating thereto.

Appears in 1 contract

Samples: Forbearance Agreement (Access to Money, Inc.)

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Transfer of Claims. If, and to the extent that, any of the Released Claims are, for any reason whatsoever, not fully, finally and forever released and discharged pursuant to the terms above, each Borrower does hereby absolutely and unconditionally grant, sell, bargain, transfer, assign and convey to Lender all of the Released Claims and any proceeds, settlements and distributions relating thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Bluegreen Corp)

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