Assignment of Interest definition

Assignment of Interest shall have the meaning ascribed thereto in Section 2 hereof.

Assignment of Interest is defined in Section 7.3(c) of this Agreement.

Assignment of Interest means an instrument to be executed and delivered at Closing by each of the Sellers assigning and transferring their interests in the Teletouch Securities and in such form as is usual and customary for the type of transactions contemplated by this Agreement.

Examples of Assignment of Interest in a sentence

• At such time as the Loan is repaid in full, all of Lender’s right, title and interest in the Interest Rate Cap Agreement shall terminate and Lender shall execute and deliver at Borrower’s sole cost and expense, such documents as may be required to evidence Lender’s release of the Collateral Assignment of Interest Rate Cap Agreement and to notify the Acceptable Counterparty of such release.

• Borrower shall collaterally assign to Lender, pursuant to the Collateral Assignment of Interest Rate Cap Agreement, all of its right, title and interest to receive any and all payments under the Interest Rate Cap Agreement, and shall deliver to Lender an executed counterpart of such Interest Rate Cap Agreement (which shall, by its terms, authorize the assignment to Lender and require that payments be paid directly into an account pledged to Lender as provided above in this Section 2.2.7).

• In light of these considerations, Borrower agrees that private sales of the Rate Cap Collateral under the Assignment of Interest Rate Cap Agreement shall not be deemed to have been made in a commercially unreasonably manner by mere virtue of having been made privately.

• It is expressly agreed that Lender may exercise its rights under the Assignment of Interest Rate Cap Agreement with respect to less than all of the Rate Cap Collateral, leaving unexercised its rights with respect to the remainder of the Rate Cap Collateral, provided, however, that such partial exercise shall in no way restrict or jeopardize Lender’s right to exercise its rights with respect to all or any other portion of the Rate Cap Collateral at a later time or times.

• Lender or its counsel shall have received a fully executed Interest Rate Cap Agreement and a Collateral Assignment of Interest Rate Cap Agreement, together with an opinion of counsel in form and substance satisfactory to it, or shall have received reasonably satisfactory evidence that same will be delivered promptly following the Original Closing Date.

More Definitions of Assignment of Interest

Assignment of Interest is defined in Section 2.4(a)(iv).

Assignment of Interest means an instrument to be executed and delivered at Closing by Holdings assigning and transferring its interest in the Holdings Securities and in such form as is usual and customary for the type of transactions contemplated by this Agreement.

Assignment of Interest has the meaning set forth in Section 2.3(b)(i).

Assignment of Interest is defined in Section 2.3.

Assignment of Interest is defined in Section 6.4.9.

Assignment of Interest means the document or interest transferring and assigning the Conveyed Interests to Purchaser.

Assignment of Interest. The assignment, transfer, conveyance or hypothecation of any right, title or interest in and to the Escrowed Property (referred to under this Section 1.4 as the "Assignment") shall be binding upon the Escrow Agent upon delivery of notice to the Escrow Agent of the Assignment and payment to the Escrow Agent of all of its fees in connection with the Assignment; provided that the Escrow Agent has given its written consent to the Assignment, which shall not be unreasonably withheld.