Assignment of Rights and Claims. Assignor assigns to Funding Lender all rights and claims Assignor may have against any other party in connection with the Equity Collateral; provided, however, that Funding Lender may not pursue any such right or claim unless a default exists under this Assignment or an Event of Default has occurred and is continuing under the Continuing Covenant Agreement.
Appears in 2 contracts
Sources: Assignment of Equity Interests, Pledge and Security Agreement, Assignment of Equity Interests, Pledge and Security Agreement