Examples of Assignment Termination Date in a sentence
Without limiting Transferor’s obligations under Section 5 hereof, as of each Assignment Termination Date with respect to a Transferred Interest, Transferee shall, without any further action, cease to have any right, title or interest in and to such Transferred Interest.
Each assignment of a Transferred Interest pursuant to this Agreement and an Assignment Instrument shall create a continuing assignment of such Transferred Interest that shall remain in full force and effect until the Assignment Termination Date applicable to such Transferred Interest, notwithstanding any obligation of the Transferor contained in Section 5 of this Agreement.
From the Effective Date until the Assignment Termination Date, Operator will comply with all environmental laws and customary industry environmental practices with respect to its Cushing Terminal.
As of each Assignment Termination Date with respect to any Assessment Contract, Transferee will, without any further action, cease to have any right, title or interest in and to such Assessment Contract.
In accordance with the procedures set forth below, Transferor (i) may on any Business Day issue one or more Complying PACE Bonds to Transferee in exchange for one or more Transferred Interests and (ii) shall, no later than the Assignment Termination Date of any Transferred Interest, issue a Complying PACE Bond with respect to such Transferred Interest.
In accordance with the procedures set forth below, Transferor shall, no later than the Assignment Termination Date of any Transferred Interest, issue a Complying PACE Bond with respect to such Transferred Interest.
If the Transferee desires an Assignment Termination Date that is an Elected Termination Date, the Transferee shall deliver, no later than four (4) weeks before the Elected Termination Date, a notice to the Program Administrator specifying the Assignment Termination Date and the Transferred Interests that will be exchanged for Complying PACE Bonds.
Any termination date hereunder, including the Assignment Termination Date, shall be effective on the last day of the calendar month in which such termination date occurs.
Pursuant to Section 5898(b) of the Act, the assignment of the Assessment Contracts for the Assignment Term pursuant to this Assignment Agreement shall constitute a true and absolute transfer of such Assessment Contracts for the Assignment Term and not a pledge or grant of a security interest by the Transferor for any borrowing, and such assignment shall remain in full force and effect until the Assignment Termination Date applicable to such Assessment Contracts.