Takeout Assignment definition

Takeout Assignment means an assignment executed by the Seller, whereby the Seller irrevocably assigns its rights and obligations under a Takeout Commitment, and which assignment shall be substantially in the form and content of Exhibit H hereto.
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Takeout Assignment shall refer to an assignment, substantially in the form of Exhibit D hereto, executed by the Seller in favor of Buyer assigning all of the Seller's rights under a Takeout Commitment;
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Takeout Assignment. The assignment by any Seller to Buyer of such Seller's rights under a specific Takeout Commitment, in the form of Exhibit H-1, or of such Seller's rights under all Takeout Commitments, in the form of Exhibit H-2.
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Examples of Takeout Assignment in a sentence

  • If requested by the Buyer, each Takeout Commitment (if any) has been duly and validly assigned by the Seller to the Buyer pursuant to a Takeout Assignment.

  • If requested by the Buyer, each Takeout Commitment (if any) will be duly and validly assigned by the Seller to the Buyer pursuant to a Takeout Assignment.

  • If requested by the Buyer and to the extent not expressly prohibited under the terms of such Takeout Commitment, each Takeout Commitment (if any) has been duly and validly assigned by the Seller to the Buyer pursuant to a Takeout Assignment.

  • The Borrowers shall promptly deliver to the Lender a Takeout Assignment for each Takeout Commitment relating to any Mortgage Loan.

  • Each Takeout Commitment (if any) has been duly and validly assigned by the Borrowers to the Lender pursuant to a Takeout Assignment.

  • The Borrowers shall promptly deliver to the Agent a Takeout Assignment for each Takeout Commitment relating to any Mortgage Loan.

  • The Servicer shall cause the Facility Custodian, pursuant to the Custodial Agreement, to maintain possession of each AOT Participation Certificate, COLB Participation Certificate, AOT Takeout Assignment and the Mortgage File with respect to each Mortgage Loan which constitutes security for any Pool Asset except for any Mortgage Documents (x) held by any Investor pursuant to a bailment letter or (y) held by the agent with respect thereto in connection with any Indirect Syndicated Loan Agreement.

  • Notwithstanding the assignments hereunder, other than the obligation of the Seller to deliver the applicable Mortgage Loans against the receipt by the Administrative Agent of an amount equal to the Anticipated Takeout Amount therefor, none of the Administrative Agent, any Funding Agent or any Purchaser is receiving or assuming any obligation of the Seller under any Sale Agreement, Takeout Commitment, or Takeout Assignment.

  • HMC shall promptly provide such further assurances or ------------------ agreements as Buyer may request in order to effect the purposes of the Agreement and the Takeout Assignment.

  • Each Takeout Commitment (if any) has been duly and validly assigned by the Borrowers to the Agent pursuant to a Takeout Assignment.


More Definitions of Takeout Assignment

Takeout Assignment means an assignment executed by the Borrowers, whereby the Borrowers irrevocably assign their rights and obligations under a Takeout Commitment, and which assignment shall be substantially in the form and content of Exhibit I hereto.
Sample 1

Related to Takeout Assignment

  • Mortgage Assignment means an assignment of the Mortgage in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage.

  • Loan Assignment has the meaning set forth in the Purchase and Sale Agreement.

  • IP Assignment a collateral assignment or security agreement pursuant to which an Obligor grants a Lien on its Intellectual Property to Agent, as security for the Obligations.

  • First Assignment means: the relevant Assignment; orif, prior to the relevant Assignment:

  • Lease Assignment has the meaning set forth in Section 3.5(d).

  • Charterparty Assignment means, in relation to a Ship, the deed of assignment of any Charterparty in favour of the Security Trustee, in such form as the Lenders may approve or require;

  • Purchase Agreement Assignment means that certain Purchase Agreement Assignment [NW 1997 J], dated as of March 18, 1998, between Lessee and Lessor, as the same may be amended, supplemented or modified from time to time, with a form of Consent and Agreement to be executed by the Manufacturer attached thereto.

  • Assignment of Contracts shall have the meaning provided in Section 5.07.

  • Dealer Assignment means, with respect to a Receivable, the executed assignment executed by a Dealer conveying such Receivable to AmeriCredit or an Originating Affiliate.

  • IP Assignment Agreement has the meaning set forth in Section 3.2(a)(iii).

  • Collateral Assignment means, with respect to any Contracts, the original instrument of collateral assignment of such Contracts by the Company, as Seller, to the Collateral Agent, substantially in the form included in Exhibit A hereto.

  • Collateral Assignment Agreement has the meaning set forth in Section 9.05.

  • prospective assignment means an assignment that is intended to be made in the future, upon the occurrence of a stated event, whether or not the occurrence of the event is certain;

  • Lease Assignments means the assignments of real property leases and subleases by and between a member of the Nuance Group, as assignor, and a member of the SpinCo Group, as assignee, in each case as set forth on Schedule XII under the caption “Lease Assignments.”

  • Qualified assignment agreement means an agreement providing for a qualified assignment within the meaning of section 130 of the United States Internal Revenue Code, United States Code Title 26, as amended from time to time;

  • Assignment / job means the work to be performed by the Consultant pursuant to the Contract.

  • Assignment Agreements The following Assignment, Assumption and Recognition Agreements, each dated as of March 29, 2006, whereby certain Servicing Agreements solely with respect to the related Mortgage Loans were assigned to the Depositor for the benefit of the Certificateholders:

  • Charter Assignment means a specific assignment of each Extended Employment Contract required to be executed hereunder by any Borrower in favour of the Security Trustee (including any notices and/or acknowledgements and/or undertakings associated therewith) in such form as the Agent and the Majority Lenders may require in their sole discretion;

  • Lender Assignment Agreement means an assignment agreement substantially in the form of Exhibit D hereto.

  • Collateral Assignments means, collectively, the Assignment of the Development Agreement, and the Assignment of Management Agreement, the Assignment of the Right to Receive Tax Credits, Capital Contributions and Partnership Interests, each in form and substance satisfactory to the Significant Bondholder and the Financial Monitor and as each may be amended or supplemented from time to time with the prior written consent of the Significant Bondholder.

  • Appraisal assignment means an engagement for which an

  • Patent Assignment each patent collateral assignment agreement pursuant to which an Obligor assigns to Agent, for the benefit of Secured Parties, such Obligor’s interests in its patents, as security for the Obligations.

  • Long Term Supply Assignment means, in relation to an employee,

  • General Assignment means, in relation to a Ship, a general assignment of the Earnings, the Insurances and any Requisition Compensation in the Agreed Form;

  • Intellectual Property Assignment Agreement means, with respect to each Specified Business, an agreement in form and substance reasonably acceptable to Seller and Buyer, providing for the assignment of the Transferred Intellectual Property Related to such Specified Business.