General Assignment Agreement definition
General Assignment Agreement shall have the meaning set forth in the definition of “Vessel Collateral Requirements”.
General Assignment Agreement shall have the meaning set forth in the definition of “Collateral and Guaranty Requirements”.
General Assignment Agreement means the General Assignment Agreement, in the form attached hereto as Exhibit A.
Examples of General Assignment Agreement in a sentence
This Schedule 3.20 shall be read together with the provisions of each General Assignment Agreement and its Exhibit B (Notice of Assignment of Insurances) and Annex I thereto (Loss Payable Clauses).
In the event of a conflict, the provisions of the General Assignment Agreement shall control.
More Definitions of General Assignment Agreement
General Assignment Agreement means an agreement in form satisfactory to the Lender pursuant to which the Borrower assigns to the Lender all accounts receivable of the Borrower, including insurance proceeds; "Interest Rate" means nine percent (9%) per annum; "Lender Priority Agreements" means one or more priority agreements in form satisfactory to the Lender evidencing the priority of the security interests contained in or created by the Security Documents over any and all other security interests in the property, assets and undertaking of the Borrower; "Loan" means the secured non-revolving loan in the principal amount of $500,000 (United States funds) (or such greater amount as may be agreed in writing by the Lender from time to time) to be made by the Lender to the Borrower pursuant to this Agreement; "person" includes a corporation, an individual, a partnership, a joint venture, a trust, an unincorporated organization, and a government or any department or agency thereof; "Permitted Encumbrances" means any security existing at the date of this Agreement and registered against the assets of the Borrower; "Postponement Agreements" means postponement agreements in forms satisfactory to the Lender pursuant to which the Borrower and each director and officer of the Borrower postpones the payment of any indebtedness of the Borrower to any of them to the payment by the Borrower of its indebtedness to the Lender; "Promissory Note" means a promissory note in form satisfactory to the Lender evidencing each advance in respect of the Loan, to be issued by the Borrower in favour of the Lender; "Security Agreement" means one or more general security agreements in forms satisfactory to the Lender, to be made by the Borrower in favour of the Lender as security for all present and future indebtedness of the Borrower to the Lender and creating a general security interest in all of the Borrower's present and after-acquired personal property, as amended and in effect from time to time; "Security Documents" means, collectively, the Security Agreement, the Promissory Note, the General Assignment Agreement, all Lender Priority Agreements, all Postponement Agreements, and such other documents and instruments as may be requested by the Lender from time to time to better secure payment of the Loan and accrued interest thereon.
General Assignment Agreement means the assignment and assumption agreement between the Vendor and the Purchaser substantially in the form attached as Schedule "E" hereto, whereby the Vendor transfers to the Purchaser
General Assignment Agreement means an agreement in form satisfactory to the Lender pursuant to which the Borrower assigns to the Lender all accounts receivable of the Borrower, including insurance proceeds;