Examples of Ceded Rights in a sentence
As security for the due performance of the Secured Obligations owing by the Cedent, the Cedent has agreed to cede in securitatem debiti all of the Ceded Rights to the Debt Guarantor on the terms and subject to the conditions set out in this Agreement.
The Cedent shall not grant any further cessions of the Ceded Rights or otherwise encumber them without the prior written consent of the Debt Guarantor.
The Debt Guarantor shall apply the net proceeds of all amounts received pursuant to the sale or other realisation of the Ceded Rights in accordance with the provisions of this Agreement (after deducting all properly evidenced costs and expenses incurred by the Debt Guarantor in relation to such realisation) in reduction or discharge, as the case may be, of the Cedent’s obligations under the Secured Obligations.
To the extent that the Pledgor receives additional Pledged Assets after the Signature Date, the Pledgor hereby pledges to the Pledgee all such Pledged Assets and cedes in security to the Pledgee all of the Ceded Rights relating to such additional Pledged Assets.
A breach by the Pledgor of its obligations to deliver any document and/or instrument in terms of this clause 4 shall not: (b) affect the legality, validity or binding effects of the cession and pledge of the Ceded Rights and Pledged Assets embodied in this Agreement; or (c) affect, or in any manner, impinge upon the rights of, the Pledgee under this Agreement.