Examples of Assigned Debtors in a sentence
In the event that the Administrator finds itself in any situation of insolvency or bankruptcy, the Fund Manager will carry out, as soon as it has knowledge of said situation, the timely notification to the Assigned Debtors of the assignment of the Loans to the Fund.
If this Letter of Transmittal is signed by the registered owner(s) of the Warrants tendered hereby, no endorsements of certificates or separate stock powers are required unless payment of the purchase price is to be made, or certificates for Warrants not tendered or accepted for payment are to be issued, to a person other than the registered owner(s).
On the delivery date of each Assignment Deed, the Assignor will, at its own cost and expense, perform all acts and execute all documents so that the Assignment under each Assignment Deed constitutes a legal, valid, enforceable and binding obligation against the relevant Assigned Debtors and any third party in any jurisdiction to which the relevant Assigned Debtors are subject.
Under no circumstances will the Administrator pay any amount whatsoever into the Fund that it has not first received from the Assigned Debtors as payment of the Loans.
It is expressly agreed that the Assignor shall remain liable to observe and perform all of the conditions and obligations assumed by it in respect of its Assigned Receivables and the underlying contracts and/or agreements supporting such Assigned Receivables as entered into between the Assignor and its Assigned Debtors.
The Fund, through the Management Company, will have as from the Assignment Date an executive action against the Assigned Debtors or those subject to obligations that default in their obligations of Payment of the Loans, which will exercise only in the event that the Administrator does adequately carry out its functions in accordance with the common uses existing to that effect.
This shall also be the case for all the other Assigned Receivables, which shall become the property of the Lenders upon the signature of the relevant Dailly Assignment Slip, notwithstanding any instructions given to the Borrower to credit the amounts of such receivables (including the receivables constituted by Rents) to the Operating Account, as long as the relevant Receivables Assignments are not notified to the relevant Assigned Debtors, in accordance with the provisions of Clause 12.3 hereinafter.
Following the communication, sent by the Assignee, pursuant to Clause 17.1 (“Acceleration, Termination, and Withdrawal”) of the Loan Agreement, of the occurrence of a Significant Event and to the extent that such Significant Event has not been corrected within the period of grace possibly granted by the Assignee, the Assignee may, at its discretion, instruct the Assigned Debtors to pay the amount due into a current account other than those mentioned above, informing the Assignors in writing thereof.
Risk of Prepayment of the Loans.The loans pooled into the Fund into the will be amortized in advance when the Assigned Debtors would prepay, in the terms established in each of the public deeds and contracts of such assets, the outstanding balance of the principal.
Even perceptions of ethical lapses in the public’s eye can be equally as damaging.