Acknowledgment of Assignment definition
Examples of Acknowledgment of Assignment in a sentence
The Borrower shall use commercially reasonable efforts to procure that as soon as practicable after it receives a Notice of Assignment, the Manager shall deliver to the Collateral Agent an Acknowledgment of Assignment in substantially the form attached hereto or otherwise reasonably acceptable to the Collateral Agent.
In the event that Lessor assigns its interest in this Lease, Lessee, at the request of Lessor, shall execute and deliver to Lessor an Acknowledgment of Assignment of Lease in form satisfactory to Lessor and upon such request and execution furnish to Lessor an opinion of counsel that such Acknowledgment has been duly authorized, executed and delivered by Lessee and constitutes a valid, legal and binding instrument, enforceable in accordance with its terms.
The Borrower shall use commercially reasonable efforts to procure that as soon as practicable after each other party to the Contracts and the KfW Refund Guarantees receives a Notice of Assignment or a Notice of Charge, as the case may be, such other party shall deliver to the Collateral Agent an Acknowledgment of Assignment or an Acknowledgment of Charge, as the case may be, in substantially the form attached hereto or otherwise reasonably acceptable to the Collateral Agent.
The following Exhibits are attached to this Assignment and are incorporated by reference in this Assignment as if more fully set forth in the text hereof: |X| Exhibit A Agreement and Acknowledgment of Assignment | | Exhibit B Modifications to Assignment The terms of this Assignment are modified and supplemented as set forth in said Exhibits.
Unless otherwise indicated in the Notice and Acknowledgment of Assignment, Lender shall not be relieved of any of its obligations hereunder, and the rights of Borrower hereunder shall not be impaired.
The undersigned will, from time to time, promptly execute and deliver such further instruments, documents and agreements, and perform such further acts as may be necessary or proper to carry out and effect the terms of the Assignment and this Agreement and Acknowledgment of Assignment.
The Company shall use commercially reasonable efforts to procure that as soon as practicable after each other party to the Contracts receives a Notice of Assignment, such other party shall deliver to the Collateral Agent an Acknowledgment of Assignment in substantially the form attached hereto or otherwise reasonably acceptable to the Collateral Agent.
The Company shall use commercially reasonable efforts to procure that as soon as practicable after KfW IPEX-Bank GmbH receives a Notice of Assignment, KfW IPEX-Bank GmbH shall deliver to the Delegate an Acknowledgment of Assignment in substantially the form attached hereto or otherwise reasonably acceptable to the Delegate.
The provisions of this Agreement and Acknowledgment of Assignment will likewise be binding upon any and all permitted transferees, successors and assigns of the undersigned.
Unless otherwise indicated in the Notice and Acknowledgment of Assignment, Lessor shall not be relieved of any of its obligations hereunder, and the rights of Lessee hereunder shall not be impaired.