Examples of Claims Assignment in a sentence
Upon the request of the Requisite Lenders or Administrative Agent, each Credit Party shall take such action as reasonably requested by the Requisite Lenders or Administrative Agent to comply with the Assignment of Claims Act and other state and local statutes and regulations, if applicable, including assigning to Collateral Agent (or its agent) its right to payment under any Government Contracts pursuant to a Claims Assignment.
The Borrower will open a transactional account with the On Shore Security Agent ("PROCEEDS AND REVENUE ACCOUNT #1") and Hypo Alpe-Adria-Bank d.d. Ljubljana ("PROCEEDS AND REVENUE ACCOUNT #2") prior to the first Utilisation Date (the "PROCEEDS AND REVENUE ACCOUNTS"), such accounts to be pledged by the Borrower in favour of the Senior Creditors by entering into the Claims Assignment and Bills of Exchange Agreement.
Sellers and Bioriginal shall have executed and delivered the Claims Assignment and Assumption Agreement.
The term "Claims Assignment" shall mean that certain assignment of claims in the form attached hereto as Exhibit 6.2(q), to be entered into at Closing between the Key Employees and Seller.
By: Name: Title: [Signature Page to BP Claims Assignment and Assumption Agreement] EXHIBIT VI FORM OF BP CLAIM ASSIGNMENT Exhibit VI FORM OF BP CLAIMS ASSIGNMENT AND ASSUMPTION AGREEMENT This BP Claims Assignment and Assumption Agreement (this “Agreement”) is entered into as of [ ], 2016, by and between United States Pipe and Foundry Company, LLC, an Alabama limited liability company (“USPF”), and Alabama Seller Rep Inc., a Delaware corporation (“Seller Representative”).
In addition, in consideration for the Note, Holding Co. will transfer to Alterra at Closing any and all claims asserted by Holding Co. in the Bankruptcy Case (the "Claims Assignment").
This Agreement, together with the Confidentiality Agreement and the Claims Assignment and Assumption Agreement, constitutes the entire agreement between the Parties pertaining to the subject matter hereof and supersedes all prior agreements, negotiations, discussions and understandings, undertakings, statements, arrangements, promises, representations and agreements, whether written or oral, between the Parties.
The term "Initial Purchase Price" shall mean Eleven Million Dollars ($11,000,000.00), a portion of which shall be paid in cash and the balance of which shall be paid by the delivery of the Claims Assignment as more fully set forth therein.
There are no representations, warranties, conditions, undertakings, commitments, other agreements or acknowledgements, whether direct or collateral, express or implied, that form part of or affect this Agreement, or which induced any Party to enter into this Agreement or on which reliance is placed by any Party, except as specifically set forth in this Agreement, the Confidentiality Agreement, Claims Assignment and Assumption Agreement or the Closing Documents.
The Buyer and Bioriginal shall have executed and delivered the Claims Assignment and Assumption Agreement.