Assignment of Rights to Payment Sample Clauses

The Assignment of Rights to Payment clause allows one party to transfer its right to receive payments under a contract to another party. Typically, this means that if a party is owed money, it can assign that right to a third party, such as a lender or factoring company, often with the consent of the other contracting party. This clause facilitates financial flexibility and can help parties manage cash flow or secure financing by leveraging expected payments.
Assignment of Rights to Payment. (a) Borrower hereby assigns, transfers and sets over to Lender and its successors: (i) all of its rights to collect and receive Distributions from the Company subject to the limitations set forth in Exhibit A. (b) All payments on Distributions are to be sent by wire transfer to the account specified in Exhibit A (“Account”). Borrower shall take such steps as are requested by Lender for the payment of all future Distributions into such Account Funds deposited into the Account shall be released or applied as provided in Exhibit A.
Assignment of Rights to Payment. (a) Borrower hereby assigns, transfers and sets over to Lender and its successors: (i) all of its rights to collect and receive Distributions from the Company subject to the limitations set forth in Exhibit A. (b) All payments on Distributions are to be sent by wire transfer to the account specified in Exhibit B (“Account”). Borrower shall take such steps as are requested by Lender for the payment of all future Distributions into such Account Funds deposited into the Account shall be released or applied as provided in Exhibit A. ARTICLE III
Assignment of Rights to Payment. In the event of the RRHL Egypt Entity failing to enforce payment to itself of the Gross Revenue or collect any other revenue, income or other payment due and payable in connection with the Egypt Project or the Egypt Project Agreements and subject to the Company notifying RRHL at least ten (10) days in advance of its intention to exercise rights pursuant to this Section 4.8 (and RRHL not within such period having corrected such failure), RRHL shall use reasonable endeavors to, and shall use reasonable endeavors to cause each member of its Group and other relevant entities not party hereto to, permit the Company and any of its Controlled Affiliates to procure payment (in the name of RRHL or any relevant member of its Group including, without limitation, the RRHL Egypt Entity if the Company so requests upon prior written notice given to RRHL), by legal redress or otherwise, of any revenue, income or other consideration that has accrued and is due and payable in respect the Egypt Project or the Egypt Project Agreements but has not been fully paid to the RRHL Egypt Entity or any of its Affiliates. For such purpose, RRHL shall or shall procure that any relevant member of its Group shall give all such information and assistance as the Company reasonably requests and act in accordance with the reasonable requirements of the Company and at the cost of the Company. Any payment realized pursuant to this Section 4.8 shall be allocated pursuant to the terms of this Agreement after reimbursement to the Company of the full amount of the documented and reasonable out-of-pocket expenses incurred in connection with any such realization efforts by the Company.
Assignment of Rights to Payment. (a) Subject to the limitations set forth in Exhibit A, Borrower hereby assigns, transfers and sets over to Lender and its successors all of its rights to collect and receive all Distributions from the Limited Partnership including without limitation those arising from or related to Limited Partnership’s partnership interest in ▇▇▇▇▇▇▇▇▇ Cogent, LP. (b) All payments on the foregoing Distributions are to be sent by wire transfer to the account specified in Exhibit B (“Account”). Borrower shall take such steps as are requested by Lender for the payment of all future Distributions into such Account. Funds deposited into the Account shall be released or applied as provided in Exhibit A.

Related to Assignment of Rights to Payment

  • Assignment of Rights Borrower acknowledges and understands that Agent or Lender may, subject to Section 11.7, sell and assign all or part of its interest hereunder and under the Loan Documents to any Person or entity (an “Assignee”). After such assignment the term “Agent” or “Lender” as used in the Loan Documents shall mean and include such Assignee, and such Assignee shall be vested with all rights, powers and remedies of Agent and Lender hereunder with respect to the interest so assigned; but with respect to any such interest not so transferred, Agent and Lender shall retain all rights, powers and remedies hereby given. No such assignment by Agent or Lender shall relieve Borrower of any of its obligations hereunder. Lender agrees that in the event of any transfer by it of the Note(s)(if any), it will endorse thereon a notation as to the portion of the principal of the Note(s), which shall have been paid at the time of such transfer and as to the date to which interest shall have been last paid thereon.

  • Assignment of Rights to Intellectual Property The Executive shall promptly and fully disclose all Intellectual Property to the Company. The Executive hereby assigns and agrees to assign to the Company (or as otherwise directed by the Company) the Executive’s full right, title and interest in and to all Intellectual Property. The Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or confirmation) requested by the Company to assign the Intellectual Property to the Company and to permit the Company to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. The Executive will not charge the Company for time spent in complying with these obligations. All copyrightable works that the Executive creates shall be considered “work made for hire”.

  • Rights to Payment Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's records pertaining thereto as being obligated to pay such obligation.

  • Acknowledgement of Rights The Company acknowledges that, with respect to any Securities held by Firstar Capital Trust or a trustee of such trust, if the Property Trustee of such Trust fails to enforce its rights under this Indenture as the holder of the Securities held 71 81 as the assets of Firstar Capital Trust any holder of Capital Securities may institute legal proceedings directly against the Company to enforce such Property Trustee's rights under this Indenture without first instituting any legal proceedings against such Property Trustee or any other person or entity. Notwithstanding the foregoing, if an Event of Default has occurred and is continuing and such event is attributable to the failure of the Company to pay principal of or premium, if any, or interest on the Securities when due, the Company acknowledges that a holder of Capital Securities may directly institute a proceeding for enforcement of payment to such holder of the principal of or premium, if any, or interest on the Securities having a principal amount equal to the aggregate liquidation amount of the Capital Securities of such holder on or after the respective due date specified in the Securities.

  • Grant of Rights The Company hereby grants registration rights to the Designated Holders upon the terms and conditions set forth in this Agreement.