Examples of Ceded Rights in a sentence
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.
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 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.
With effect from the date upon which the Company is notified by the Debt Guarantor or its nominee in writing, all payments to be made to Sibanye in respect of the Ceded Rights shall be made by you directly into such bank account as may be notified in writing by the Debt Guarantor or its nominee in accordance with the terms of the Cession and Pledge.
The Company hereby acknowledges and consents to the Cession and Pledge and undertakes in favour of the Debt Guarantor that upon receipt of notice from the Debt Guarantor or its nominee, all payments to be made to Sibanye in respect of the Pledged Shares and/or the Ceded Rights related thereto, shall be made into such account notified to the Company by the Debt Guarantor or its nominee.