Assignment of Agreement by Owner Sample Clauses

Assignment of Agreement by Owner. This Agreement may be assigned as a whole or in part, with the consent of the City and the Guarantor, by the Owner subject, however, to each of the following conditions: (a) No assignment (other than pursuant to this Section) shall relieve the Owner from primary liability for any of its obligations hereunder, and, in the event of any such assignment, the Owner shall remain primarily liable for payments of the Loan payments pursuant to Section 4.02 of this Agreement and for performance and observance of the other agreements on its part herein provided to be performed and observed to the same extent as though no assignment had been made; (b) In the event that this Agreement is assigned, as a whole or in part, the assignee shall agree to perform the obligations of the Owner hereunder to the extent of the interest assigned; (c) The Owner shall within ten days prior to the making of any assignment furnish or cause to be furnished to the City and to the Trustee a true and complete copy of each such assignment and agreement to perform; and (d) Upon the assignment of this Agreement as a whole by the Owner pursuant to and in accordance with Section 10 of the Regulatory Agreement, the Owner shall be relieved from all liability for any of its obligations hereunder with respect to matters arising after the date of assignment of this Agreement by the Owner. (End of Article IV) ARTICLE V
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Related to Assignment of Agreement by Owner

  • Assignment of Agreement The following conditions must be satisfied in order to effectuate any assignment of this Agreement: (i) This Agreement may only be transferred through a book entry system maintained by Principal Life, or an agent designated by it, within the meaning of Temporary Treasury Regulations Section 5f.103-1(c) and Treasury Regulations Section 1.871-14(c)(1)(i). (ii) The Agreement Holder, and any assignee, must comply with applicable securities laws. (iii) Principal Life has consented in writing to the proposed assignment, such consent not to be unreasonably withheld. (iv) Principal Life shall have received from the proposed assignee a duly executed certificate containing, in substance, the information, representations, warranties, acknowledgments and agreements set forth in this Agreement. Any attempted sale, transfer, anticipation, assignment, hypothecation, or alienation not in accordance with this Section 6 shall be void and of no effect. Until such time, if any, as Principal Life has consented in writing to a proposed assignment, Principal Life shall not be obligated to make any payments to or at the direction of anyone other than the person shown on Principal Life’s books and records as the Agreement Holder. Once the foregoing conditions have been satisfied with respect to an assignment, the assignee or its successor shall be deemed to be the sole Agreement Holder for all purposes of this Agreement and Principal Life shall promptly amend its records to reflect the assignee’s status as Agreement Holder.

  • Assignment by Owner 51 Section 12.11

  • Assignment of Agreements Each applicable Borrower shall have executed and delivered to Lender the Assignments of Agreements, and the Assignments of Agreements shall, to the extent prudent pursuant to local practice, have been irrevocably delivered to an authorized title agent for the Title Insurer for such recordation in the appropriate filing offices in the jurisdiction in which the applicable Individual Property is located.

  • Non-Assignment of Agreement The Grantee may not assign, sublicense or otherwise transfer its rights, duties or obligations under this Agreement without the prior written consent of the Division, which shall not unreasonably be withheld. The agreement transferee must demonstrate compliance with the requirements of the project. If the Division approves a transfer of the Grantee’s obligations, the Grantee shall remain liable for all work performed and all expenses incurred in connection with this Agreement. In the event the Legislature transfers the rights, duties and obligations of the Division to another governmental entity, pursuant to Section 20.06, Florida Statutes or otherwise, the rights, duties and obligations under this Agreement shall be transferred to the succeeding governmental agency as if it was the original party to this Agreement.

  • Assignment by Company The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the Employee.