Assignment of Sale Agreement Clause Samples

Assignment of Sale Agreement. The Borrower hereby assigns to the Collateral Agent, for the benefit of the Secured Parties, all of the Borrower’s right, title and interest in and to, but none of its obligations under the Sale Agreement. In furtherance and not in limitation of the foregoing, the Borrower hereby assigns to the Collateral Agent for the benefit of the Secured Parties its right to indemnification under the Sale Agreement. The Borrower confirms that the Collateral Agent, on behalf of the Secured Parties, shall have the right to enforce the Borrower’s rights and remedies under the Sale Agreement.
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Assignment of Sale Agreement. (a) So long as the conditions to the Closing have occurred, Contract Vendee agrees to assign to Assignee all of Contract Vendee's rights, titles and interests in and to the Sale Agreement (but not including the Deposit posted by Contract Vendee with Seller), which assignment shall be effective as of the Closing, on the terms and conditions set forth below, pursuant to the Assignment of Sale Agreement (the "Assignment") annexed hereto as Exhibit B. (b) At and only upon the Closing, Assignee shall pay to Seller the amount due Seller under the Sale Agreement on account of the Purchase Price thereunder in an amount equal to Nine Million, Four Hundred and Fifty Thousand and 00/100 ($9,450,000.00) Dollars, subject to adjustment as provided in the Sale Agreement, but excluding operating expenses for the period from June 14, 1997 until Closing, which Contract Vendee represents and warrants to Assignee is the Purchase Price. In the event that Seller has applied the Deposit posted by Contract Vendee to the Purchase Price under the Sale Agreement, Assignee shall reimburse Contract Vendee for the Deposit at Closing and shall pay to Seller the balance of the Purchase Price in an amount equal to Nine Million, One Hundred and Fifty Thousand and 00/100 ($9,150,000.00) Dollars, excluding operating expenses for the period from June 14, 1997 until Closing, which shall be paid by Contract Vendee.
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Assignment of Sale Agreement. Purchaser hereby assigns and transfers to Assignee all of Purchaser’s right, title, claim and interest in and to the Sale Agreement, the Property, and all sums paid or deposited into escrow or to Seller by Purchaser in connection with the Sale Agreement.
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Assignment of Sale Agreement. Borrower hereby assigns to Trustee, for the benefit of the Lender Group, all of Borrower’s right, title and interest in and to, but none of its obligations under, the Sale Agreement and any UCC financing statements filed under or in connection therewith. In furtherance and not in limitation of the foregoing, Borrower hereby assigns to Trustee, for the benefit of the Lender Group, its right to indemnification under the Sale Agreement. Borrower confirms that at any time on or after the occurrence of an Event of Default, Trustee, for the benefit of the Lender Group, shall have the sole right (at the written direction of Agent) to enforce Borrower’s rights and remedies under the Sale Agreement and any UCC financing statements filed under or for the benefit of the Lender Group.
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Related to Assignment of Sale Agreement

  • AGREEMENT OF SALE Agreement of Sale shall be construed, interpreted, and applied according to the laws of Virginia, and it shall be binding upon and shall inure to the benefit of the heirs, personal representatives, successors, and assigns of the parties. This is a legally binding contract and if not understood, competent advice should be sought before it is signed.

  • 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.

  • Sale Agreement The Sale Agreement is the only agreement pursuant to which the Seller purchases Collateral.

  • Deed; ▇▇▇▇ of Sale; Assignment To the extent required and permitted by applicable law, this Agreement shall also constitute a “deed,” “▇▇▇▇ of sale” or “assignment” of the assets and interests referenced herein.

  • Assignment of Contract A. No assignment by a party hereto of any rights under or interests in the Contract will be binding on another party hereto without the written consent of the party sought to be bound; and, specifically but without limitation, moneys that may become due and moneys that are due may not be assigned without such consent (except to the extent that the effect of this restriction may be limited by law), and unless specifically stated to the contrary in any written consent to an assignment, no assignment will release or discharge the assignor from any duty or responsibility under the Contract Documents.