Common use of Absolute Assignment Clause in Contracts

Absolute Assignment. This Assignment is, and is intended to be, an absolute and present assignment of the Security from Borrower to Lender with a concurrent license back to the Borrower (which license is subject to revocation upon the occurrence of an Event of Default as herein provided) and is not intended as merely the granting of a security interest relating to the Obligations.

Absolute Assignment. This Assignment is, and is intended to be, an absolute absolute, unconditional, irrevocable, and present assignment assignment, transfer and conveyance of the Security from Borrower to Lender with a concurrent license back to the Borrower (which license is subject to revocation upon the occurrence of an Event of Default as herein provided) and it is understood that the foregoing Assignment is absolute, outright, and effective immediately, and is not intended as merely the granting of a security interest relating to the Obligations.

Absolute Assignment. This Assignment is, and is intended to be, an absolute absolute, unconditional, irrevocable and present assignment assignment, transfer and conveyance of the Security from Borrower to Lender with a concurrent license back to the Borrower (which license is subject to revocation upon the occurrence of an Event of Default as herein provided) and it is understood that the foregoing Assignment is absolute, outright, and effective immediately, and is not intended as merely the granting of a security interest relating to the Obligations.