Examples of Assignment Deed in a sentence
Broad outline remains that financial debt of Kotak Mahindra Bank was outstanding and theoriginal Applicant – Financial Creditor took over the same by way of Assignment Deed and the amounts are still outstanding which are more than the benchmark under Section 4 of the IBC.
There is no dispute that Kotak Mahindra Bank assigned its debts of five Accounts of Corporate Debtor in favour of original Applicant – Financial Creditor which were due from the Corporate Debtor as per the Assignment Deed dated 29.09.2017.
When this is so, the original Applicant would step into the shoes of Kotak Mahindra Bank with the Assignment Deed executed in its favour.
The Borrower has agreed to assign in favour of the Bank, all its/his/her/ their insurance policies/ bonds/such other policies as more particularly provided under the head of Security in the Schedule hereunder, in the form and manner satisfactory to the Bank in the manner and on the terms and conditions contained in the Assignment Deed to be executed between the Parties.
These notes are non-interest bearing promissory notes payable by CML at the end of the concession period or earlierin the event of CML achieving certain financial profitability levels and cash flows.The state, CML and Transurban Infrastructure Management Limited (TIML) entered into the M1 Corridor Deed of Assignment (Deed of Assignment) on 25 July 2006.