Examples of Assigned Loan Documents in a sentence
The Seller hereby sells, assigns, transfers grants and conveys to Xxxxxxxxxx, and Xxxxxxxxxx hereby purchases and acquires from the Seller, fifty percent (50%) of Seller's right, title and interest in the Assigned Loan Documents (including, without limitation, the right to receive the accrued interest under the Note) and fifty percent (50%) of the Transferred Warrants for a purchase price of $500,000.
The Seller hereby sells, assigns, transfers, grants and conveys to CI II, and CI II hereby purchases and acquires from the Seller, fifty percent (50%) of Seller's right, title and interest in the Assigned Loan Documents (including, without limitation, the right to receive the accrued interest under the Note) and fifty percent (50%) of the Transferred Warrants for a purchase price of $500,000.
Upon the occurrence and continuance of an Event of Default, Agent may, to the extent permitted under the Collaterally Assigned Loan Documents and subject to the terms and conditions of the Collaterally Assigned Loan Documents, and in addition to any and all other rights and remedies available to Agent, apply any sums then present in any or all of the accounts to the payment of the Debt hereunder in any order in its sole discretion.
Assignor shall promptly cause this Second Amendment to be filed or recorded in such manner and in such places as may be required by any present or future law in order to publish notice of and fully to protect the lien of the Assignment upon and the interest of Lender in, the Assigned Loan Documents.
The Assigned Loan Documents and the other Loan Documents shall remain in full force and effect and shall be deemed hereby to extend to and secure the Obligations, including without limitation those created under this Modification.
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Borrowers, the Borrowers hereby consent to the assignment and assumption of the Loan and the Assigned Loan Documents made pursuant to this Agreement, notwithstanding any prohibition or restriction on assignment or assumption contained in any of the Assigned Loan Documents and hereby forever release and discharge the Assignor of all liabilities and obligations under the Assigned Loan Documents.
Upon this Agreement becoming effective, the Assignor shall be forever released and discharged by the Borrowers and the Assignee from all of its liabilities and obligations under the Assigned Loan Documents.
The 49 Consolidation Agreement contains a true, correct and complete description of the Assigned Loan Documents and there have been no amendments to the Assigned Loan Documents, except as set forth in the Consolidation Agreement.
Notwithstanding the transactions contemplated hereby, Borrower hereby ratifies and affirms all of the terms and conditions of DACA5's Loan Documents, the Assigned Loan Documents, the Financing Statement, the Loan and Security Agreement-Note C and Term Note C.
Lender shall have received and approved evidence of insurance with respect to the Mortgaged Property that conforms to the requirements set forth in the Collaterally Assigned Loan Documents.