Assignment by the Financing Entity Sample Clauses

The "Assignment by the Financing Entity" clause allows the financing party to transfer its rights and obligations under the agreement to another party. In practice, this means the financing entity can assign its interest in the contract, such as the right to receive payments or enforce terms, to a third party like another lender or financial institution, often without needing the other party's consent. This clause provides flexibility for the financing entity to manage its portfolio or respond to business needs, ensuring liquidity and facilitating the transfer of financial interests without disrupting the underlying agreement.
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Assignment by the Financing Entity. The Financing Entity may assign to third parties, in whole or in part, its contractual position under this Agreement, provided that the full or partial assignment of the Credit Facility Agreement has been authorized in advance, in accordance with the provisions of Clause 20 thereof, and provided that, in addition, the following requirements are met: a) The assignment is notified to the Guarantor five (5) days prior to the date on which it occurs. b) That the Guarantor does not assume vis-à-vis the assignee greater obligations that it had incurred with the assignor and the assignment does not involve any additional cost for the Guarantor nor does it harm or prejudice the counter-security in rem granted to it in accordance with Clause 4 of this Agreement. The assignments referred to in this Clause 7.1 shall only be binding and shall only take effect in relation to the Guarantor when all the requirements mentioned in the previous paragraphs have been met. The Guarantor undertakes, if requested to do so by the assignor or the assignee, and provided that the requirements provided in this clause are met, to personally appear before the Notary that may be designated by the assignor or the assignee at the expense of the assignor or the assignee, to grant its consent to any assignment made and to formalize the novation of the party to this Agreement, and to notify the assignment to the Bank of Spain, if the assignor or the assignee is not resident in Spain, as required from time to time by the applicable legislation. The assignor undertakes to send to the Guarantor a certified copy of the deed or attested contract of assignment five (5) days prior to the date on which the assignment takes effect.
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Assignment by the Financing Entity. The Financing Entity may assign to third parties, in whole or in part, its contractual position under this Agreement, provided that the following requirements are met: a) The assignment is notified to PEISA five (5) days prior to the date on which it occurs.
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Related to Assignment by the Financing Entity

  • Assignment by the Seller The Seller shall assign (exclusive of the Seller’s rights arising under Section 8.02(iii) and 8.03), its interest under this Agreement to the Depositor, which in turn shall assign such rights to the Trustee, and the Trustee then shall succeed to all rights of the Seller under this Agreement.

  • Assignment by the Company The rights, interests or obligations of the Company hereunder may not be assigned, by operation of law or otherwise, in whole or in part, by the Company without the prior written consent of the Investor.

  • Assignment by the Executive This Agreement will inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If the Executive dies while any amount would still be payable to him hereunder had he continued to live, all such amounts, unless otherwise provided herein, will be paid in accordance with the terms of this Agreement to the Executive’s Beneficiary. If the Executive has not named a Beneficiary, then such amounts will be paid to the Executive’s devisee, legatee, or other designee, or if there is no such designee, to the Executive’s estate, and such designee, or the Executive’s estate will be treated as the Beneficiary hereunder.

  • Assignment by Seller The Seller shall have the right, upon notice to but without the consent of the Servicer, to assign, in whole or in part (but exclusive of the Servicer’s rights and obligations as owner of the servicing rights relating to the Mortgage Loans), its interest under this Agreement to the Depositor, which in turn shall assign such rights to the Trustee, and the Trustee then shall succeed to all rights of the Seller under this Agreement. All references to the Seller in this Agreement shall be deemed to include its assignee or designee and any subsequent assignee or designee, specifically including the Trustee.

  • Assignment by the Seller or the Servicer Notwithstanding anything to the contrary contained herein, except as provided in Sections 6.04 and 7.03 of this Agreement and as provided in the provisions of this Agreement concerning the resignation or termination of the Servicer, this Agreement may not be assigned by the Seller or the Servicer.