Assignment by the Guarantor Clause Samples

The "Assignment by the Guarantor" clause defines whether and how the guarantor may transfer their rights or obligations under the guarantee to another party. Typically, this clause restricts the guarantor from assigning their responsibilities without the prior written consent of the beneficiary, ensuring that the original party remains accountable unless an explicit agreement is made. Its core function is to maintain control and certainty for the beneficiary by preventing unapproved changes in the party responsible for the guarantee, thereby reducing the risk of unexpected or unsuitable assignees.
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Assignment by the Guarantor. The Guarantor may not assign or transfer all or any part of its rights or obligations hereunder without the prior written consent of the Company.
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Assignment by the Guarantor. The Guarantor may not assign or transfer any of its respective rights and obligations under this Agreement without the prior written consent of each of the Bond Trustee and the Cash Manager and having satisfied the Rating Agency Condition in respect thereof, except that the Guarantor may, without such consent, assign its rights and interest hereunder pursuant to the terms of the Security Agreement.
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Assignment by the Guarantor. The Guarantor may not assign or transfer any of its respective rights and obligations under this Agreement without the prior written consent of each of the Bond Trustee and the Cash Manager and having obtained Rating Agency Confirmation therefor. Notwithstanding the provisions of the immediately preceding sentence, the parties hereto (i) acknowledge that the Guarantor may grant a hypothec on, and a security interest in, all of its rights, title and interest in this Agreement in favour of Computershare Trust Company of Canada, as fondé de pouvoir under Article 2692 of the Civil Code of Quebec, for the benefit of the Secured Creditors, including inter alia the holders of the Covered Bonds, in accordance with and pursuant to the terms of the Security Agreement and the Security Documents, (ii) irrevocably consent thereto, and (iii) confirm that no Rating Agency Confirmation shall be required in respect thereof.
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Assignment by the Guarantor. The Guarantor may not assign, transfer or otherwise part with its rights or obligations under this Guarantee except that the Guarantor shall be permitted to grant security over its rights hereunder to secure financial indebtedness of the Group.
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Assignment by the Guarantor. The Guarantor may assign to any permitted assignee under the Credit Support Agreement all or any portion of its rights under this Agreement and/or any of the Assigned Agreements. An assignee of the Guarantor’s rights under this Agreement and/or any of the Assigned Agreements may further assign all or any portion of its rights under this Agreement or any of the Assigned Agreements in accordance with the Credit Support Agreement.
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Related to Assignment by the Guarantor

  • Assignment by Issuer The Seller hereby acknowledges and consents to any mortgage, pledge, assignment and grant of a security interest by the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders of all right, title and interest of the Issuer in, to and under the Receivables and/or the assignment of any or all of the Issuer’s rights and obligations hereunder to the Indenture Trustee.

  • 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 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.

  • Payment by Guarantor If all or any part of the Guaranteed Obligations shall not be punctually paid when due, whether at demand, maturity, acceleration or otherwise, Guarantor shall, immediately upon demand by Lender, and without presentment, protest, notice of protest, notice of non-payment, notice of intention to accelerate the maturity, notice of acceleration of the maturity, or any other notice whatsoever, pay in lawful money of the United States of America, the amount due on the Guaranteed Obligations to Lender at Lender’s address as set forth herein. Such demand(s) may be made at any time coincident with or after the time for payment of all or part of the Guaranteed Obligations, and may be made from time to time with respect to the same or different items of Guaranteed Obligations. Such demand shall be deemed made, given and received in accordance with the notice provisions hereof.

  • 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.