Assigned Debtor definition

Assigned Debtor means any debtor of the Assignor in relation to Assigned Receivables.
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Assigned Debtor means any Eligible Debtor required to make a payment in relation to an Assigned Receivable.
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Assigned Debtor means any one of them. Decision of the Lenders shall mean a decision requiring the consent of the Majority Lenders, it being however specified that decisions relating to the matters below shall require the unanimous consent of the Lenders:
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Examples of Assigned Debtor in a sentence

  • Any payment made by any Assigned Debtor to the Assignor as from the date of receipt of a Notice of Assignment will not discharge such Assigned Debtor of its obligations under this Clause 7.1.

  • In any such case, any relevant Assigned Debtor shall then pay the sums payable by it under each Assigned Receivable directly to the Security Agent on behalf and for the account of the Assignees.

  • Mit freundlichen Grüßen [Unterschrift des ordnungsgemäß bevollmächtigten Vertreters im Auftrag von [the Purchaser]] From: Aleris Switzerland GmbH [Name of Assigned Debtor] [Address of Assigned Debtor] To [•] and [•] [Place], [Date] Dear Sirs, In accordance with the provisions of a Non-Recourse Receivables Purchase Agreement dated 1 August 2006 concluded between [•] and [•], [insert name of Seller] assigned to us the receivables designated below and for which you are the debtor (the “Assignment”).

  • Upon countersigning such letter, the Assigned Debtor shall cease to be entitled to raise any defenses based on the underlying contracts entered into between such Assigned Debtor and the Assignor.

  • Upon countersigning of such letter, the Assigned Debtor shall cease to be entitled to raise any defenses based on the underlying contracts entered into between such Assigned Debtor and the Assignor to the fullest extent permitted by law.

  • The Security Agent, acting upon the request of the Majority Lenders, shall be entitled at any time following the occurrence of a Payment Default or a payment default with respect to a notification relating to any Event of Default made in accordance with clause 18.2 (Acceleration) of the Facilities Agreement, to request any Assigned Debtor to covenant to pay directly to the Assignees (“engagement direct”) in accordance with the provisions of Article L.313-29 of the French Monetary and Financial Code.

  • The Agent, acting on the instructions of the Majority Lenders, shall be entitled at any time following the occurrence of a Payment Default or a payment default with respect to a notification relating to any Event of Default made in accordance with clause 18.2 (Acceleration) of the Facilities Agreement, to notify any Assignment made pursuant to this Master Agreement to any relevant Assigned Debtor in accordance with the provisions of Article L.313-28 of the French Monetary and Financial Code.

  • At any time following the occurrence of an Enforcement Event and alternatively to its rights to notify any Assigned Debtor pursuant to Clause 7.1, the Security Agent shall be entitled to request any Assigned Debtor to covenant to pay directly to the Assignees (“engagement direct”) in accordance with the provisions of Article L.313-29 of the French Monetary and Financial Code.

  • The Assignor recognizes as a consequence of such appointment that any payment, even partial, received from an Assigned Debtor, in any form whatsoever, as an Assigned Receivable, is only received by the Assignor as agent for the Beneficiaries and that amounts so received or recovered are the property of the Beneficiaries.

  • At any time following the occurrence of an Enforcement Event, the Security Agent shall be entitled to give notice of any Assignment made pursuant to this Master Agreement to any Assigned Debtor in accordance with the provisions of Article L.313-28 of the French Monetary and Financial Code.