Examples of Contracts Assignment in a sentence
Several of the most common documents are as follows: Bill of Sale, Assignment of Leases (executed by both parties and generally containing provisions for brokerage commissions, prepaid rentals and security deposits), Assignment of Service and Supply Contracts, Assignment of Insurance (unless cancelled, with the purchaser acquiring new coverage), Assignment of Warranties, Guarantees and Bonds, and Assignment of Trade Names.
Xxxxxxxx Xxxxxxxxx irrevocably appoints Lender as its agent and attorney-in-fact, which appointment is coupled with an interest, to exercise any rights or remedies under the Contracts Assignment and to execute and deliver during the term of the Contracts Assignment such instruments instrument as Lender may deem necessary to make the Contracts Assignment and any further assignment effective.
The signature of Lender or such receiver, without further signature or authorization, shall be sufficient for the exercise of any rights under the Contracts Assignment.
The Contracts Assignment shall constitute a perfect, absolute and present assignment, provided Xxxxxxxx shall have the right to Mortgagor may receive and exercise all of the rights, benefits and privileges under the Contracts so long as no Event of Default has occurred.
Xxxxxx's rights under this Subsection include, without limitation, the right to appear in and defend any action or proceeding purporting to affect the security of the Contracts Assignment or the right or power of Lender, the right to perform and discharge each and every obligation, covenant and agreement of Borrower Mortgagor in the Contracts and the right to pay necessary related costs and expenses, including reasonable attorneys’ fees.
The rights and powers of Lender or any receiver under the Contracts Assignment shall continue and remain in full force and effect until all of the Obligations are paid in full, and shall continue after commencement of a foreclosure action and after foreclosure sale and until expiration of the equity of redemption if Lender is the purchaser at the foreclosure sale.
Rainier Connect yes 🗹 🞏 Legal Contracts Assignment and Assumption Changes to in-force programming agreements to end TPU post-close financial obligations.
Xxxxxxxx Xxxxxxxxx irrevocably directs and authorizes the other Contract Parties to act at Xxxxxx’s direction and otherwise perform on Xxxxxx's behalf without any need for a judicial determination that Lender is entitled to exercise its right under the Contracts Assignment or that an Event of Default has occurred.
Rainier Connect yes Legal Contracts Assignment and Assumption Changes to in-force programming agreements to end TPU post-close financial obligations.
The assignment described in this Section (the "Contracts Assignment") is made for the purpose of securing the Obligations, as defined below.