Financing Assignment definition
Examples of Financing Assignment in a sentence
If applicable, after the recordation or filing thereof, the Collateral Agent will provide to the Department a copy of the Financing Assignment bearing the date and instrument number or book and page of such recordation or filing.
The Concessionaire shall make a Financing Assignment with respect to the PABs as described in the Initial Project Financing Agreements.
In the event of an assignment of any such Financing Assignment by the Collateral Agent, such assignment will not be binding upon the Department unless and until the Department has received a certified copy thereof, together with written notice of the assignee thereof to which notices may be sent (and the assignee will, if such assignment is required to be recorded, after such recordation deliver to the Department a copy thereof bearing the date and instrument number or book and page of such recordation).
As long as any Financing Assignment of record created in accordance with this Article 6 shall remain unsatisfied and the Department has received the notices and documents specified in Section 6.02(g), the following provisions shall apply with respect to any such Financing Assignment and the related Lender or Lenders.
As long as any Financing Assignment of record created in accordance with this Article 6 shall remain unsatisfied and the Department has received the notices and documents specified in Section 6.02(g), the following provisions shall apply with respect to any such Financing Assignment, the Collateral Agent and the related Lender or Lenders.
The Concessionaire shall make a Financing Assignment with respect to the PABs as described in the Initial Project Financing Agreements or the NEXT Project Financing Agreements, as applicable.
As long as any Financing Assignment of record created in accordance with this Article 7 shall remain unsatisfied and the Department has received the notices and documents specified in Section 7.03(f), the following provisions shall apply with respect to any such Financing Assignment, the Collateral Agent and the related Lender or Lenders.
The exercise by the Collateral Agent of its rights with respect to any Project Agreement under the Financing Assignment, whether by judicial proceedings or by virtue of any power contained in the Financing Assignment or this Agreement, or by any transfer from the Concessionaire to the Collateral Agent in lieu of foreclosure, shall not require the consent of the Department or constitute a breach of any provision of or a default under this Agreement or any other Project Agreement.
As long as any Financing Assignment of record created in accordance with this Article 7 shall remain unsatisfied and the Department has received the notices and documents specified in Section 7.03(f), the following provisions shall apply with respect to any such Financing Assignment and the related Lender or Lenders.
Notwithstanding the foregoing, either Party may, without the need for consent from the other Party (and, except as hereinafter provided, without relieving itself from liability hereunder), make an Assignment of this Agreement (i) to an Affiliate of such Party upon the other Party’s receipt of proof satisfactory to it of such assignee’s financial security or (ii) for a Financing Assignment.