Assigned Documents Clause Samples

Assigned Documents there are no material contracts, agreements or arrangements between it and any other person relating to or in connection with the Rigs or either of them other than those which constitute Assigned Documents.

Assigned Documents. Agreement Date

Assigned Documents. The Borrower confirms and agrees that the Agent (or any designee thereof) shall have, following an Event of Default or an Early Amortization Event, the sole right to enforce the Borrower's rights and remedies under each Assigned Document, but without any obligation on the part of the Agent, the Lender or any of their respective Affiliates to perform any of the obligations of the Borrower under any such Assigned Document. In addition, each of the Servicer and the Borrower confirms and agrees that the Servicer or the Borrower will send to the Agent a notice of (i) any breach of any representation, warranty, agreement or covenant under any such Assigned Document or (ii) any event or occurrence that, upon notice to SRI, or upon the passage of time or both, would constitute such a breach. The Borrower further confirms and agrees that such assignment to the Agent shall terminate upon the Collection Date.

Assigned Documents. The Assigned Documents constitute all of the documents between the Assignor and the Borrower related to the Assignor’s factoring and financing arrangement with the Borrower. Assignor has made available for Assignee’s review true and correct copies of all of the Assigned Documents. Except as set forth in the Assigned Documents delivered or made available to Assignee by Assignor, Assignor has not given its written consent to change, amend, or modify, nor has it waived in writing, any term or provision of the Assigned Documents, including in respect to the amount or time of any payment, including, without limitation, payments of principal or amount or time of any payment of interest.

Assigned Documents any party to the Assigned Documents commits any breach of or omits to observe any of the covenants, obligations, undertakings and stipulations under and pursuant to the Assigned Documents to which it is a party and such breach or omission constitutes a Material Adverse Effect; or

Assigned Documents. The Borrower confirms that, at any time when a Termination Event has occurred and is continuing, until the Collection Date the Collateral Agent, on behalf of the Secured Parties, shall have the sole right to enforce the Borrower's rights and remedies under any UCC financing statements filed under or in connection therewith for the benefit of the Secured Parties. The parties hereto agree that such collateral assignment to the Collateral Agent, for the benefit of the Secured Parties, shall terminate upon the Collection Date.

Assigned Documents. (A) Borrower Party is (or, with respect to any Assigned Documents hereafter made, will be) the sole owner and holder of Borrower Party's Interest in each Assigned Document, and Borrower Party has not transferred and will not transfer any interest of Borrower Party as a party to any Assigned Document, except pursuant to this Agreement; (B) Each of the Assigned Documents is (or, with respect to any Assigned Documents hereafter made, will be) valid and enforceable and in full force and effect, and has not been (or, with respect to any Assigned Documents hereafter made, will not be) altered, modified or amended in any manner whatsoever except as permitted in this Agreement, (C) The Assigned Leases listed on Exhibit “A” of this Agreement constitute all the agreements of Borrower Party with any Person with respect to the use or occupancy of the Mortgaged Property, and true and correct copies of such Assigned Leases have been delivered to Bank. (D) None of the Rents has been or will be assigned, pledged or in any manner transferred or hypothecated, except pursuant to this Agreement and the other Loan Documents, and (E) None of the Rents has been or will be collected in advance of the time when such Rents become due under the terms of the Assigned Leases.

Assigned Documents. (A) Borrower is (or, with respect to any Assigned Documents hereafter made, will be) the sole owner and holder of Borrower’s Interest in each Assigned Document, and Borrower has not transferred or otherwise assigned any interest of Borrower as a party to any Assigned Document; (B) To the best of Borrower’s knowledge, each of the Assigned Documents is (or, with respect to any Assigned Documents hereafter made, will be) valid and enforceable in accordance with its respective terms, and in full force and effect, and has not been (or, with respect to any Assigned Documents hereafter made, will not be) altered, modified or amended in any manner whatsoever except as permitted in this Agreement; (C) None of the Rents have been or will be assigned, pledged or in any manner transferred or hypothecated, except pursuant to this Agreement, and (D) None of the Rents, for any period subsequent to the date of this Agreement, has been or will be collected more than one (1) month in advance of the time when such Rents become due under the terms of the Assigned Leases if the aggregate amount thereof would exceed five percent (5%) of total Rents due at an applicable time.

Assigned Documents. In furtherance and not in limitation of the foregoing, the Borrower hereby collaterally assigns to the Collateral Agent, for the benefit of the Secured Parties, its right to indemnification under the Purchase and Sale Agreement. The Borrower confirms that until the Collection Date the Collateral Agent (at the direction of the Administrative Agent) on behalf of the Secured Parties shall have the sole right after the occurrence and during the continuance of an Event of Default to enforce the Borrower's rights and remedies under the Purchase and Sale Agreement and any UCC financing statements filed under or in connection therewith for the benefit of the Secured Parties. The parties hereto agree that such collateral assignment to the Collateral Agent, for the benefit of the Secured Parties, shall terminate upon the Collection Date.