Assignor's Rights Clause Samples

The "Assignor's Rights" clause defines the specific rights that the assignor retains or transfers in an assignment agreement. Typically, this clause outlines which rights, interests, or benefits the assignor is passing on to the assignee, and may also clarify any rights the assignor keeps after the assignment, such as the right to receive certain payments or to enforce specific obligations. For example, in a contract assignment, the assignor might transfer all rights to receive future payments under a contract but retain the right to enforce claims for past breaches. The core function of this clause is to clearly delineate the scope of rights involved in the assignment, thereby preventing disputes and ensuring both parties understand their respective positions after the transfer.
Assignor's Rights. Any Partner who shall assign all of his Interest shall cease to be a Partner and shall no longer have any rights or privileges of a Partners except that, unless and until his assignee is admitted to the Partnership as a Substituted Partner in accordance with this Article VIII (Assignment of Partners' Interests), such assignor shall continue to be a Partner and shall retain all rights and be subject to all obligations under the Act.
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Assignor's Rights. 1. The Assignor shall be entitled to enter into the Assignment Agreement with any User; 2. The Assignor shall be entitled to receive the Price of the Claim in full and in within the period of time specified in the Assignment Agreement; and 3. The Assignor shall be entitled to unilaterally terminate the Assignment Agreement in accordance with the terms and conditions set forth in the Assignment Agreement.
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Assignor's Rights. Assignor is the lawful owner of 36,75% undivided interest in the Exploration Licenses and the Operating Agreement, and holds the rights of the 26,75% of the said interest free and clear of any Liens, claims, burdens or encumbrances, pledges or mortgages. The Exploration Licenses and the Operating Agreement are in full force and effect and no notice of default, termination, or breach under the Exploration Licenses and/or Operating Agreement has been received by the Assignor nor, to the knowledge of the Assignor, any other party to the Operating Agreement. The Assignor is not in default under the terms and conditions of the Exploration Licenses and/or the Operating Agreement. The Exploration Licenses, together with applicable Laws, contains the entirety of the obligation of the Assignor to the Government, and no other understanding or agreement whether oral or in writing exists between the Assignor and the Government in relation to the subject matter of the Exploration Licenses except as otherwise disclosed under this Agreement.
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Assignor's Rights. Assignor, directly, holds the rights to a six per cent (6%) undivided Participating Interest in the Carbonera Contract, free and clear of any Liens (other than Permitted Liens) according to the terms of the Carbonera Contract and applicable Laws. The Carbonera Contract is in full force and effect and no notice of default, termination, or breach under the Carbonera Contract has been received neither by Assignor nor, to the knowledge of Assignor, any other party to the Carbonera Contract. The Carbonera Contract, together with applicable Laws, contains the entirety of the obligation of Assignor to the Government, and no other understanding or agreement exists between Assignor and the Government in relation to the subject matter of the Carbonera Contract except as otherwise disclosed under this Agreement. There are no Preferential Rights that have not been expressly disclosed by Assignor to Assignee and no third party consents required in relation to the execution and perfection of this Agreement and the interests assigned to Assignee.
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Assignor's Rights. While no Event of Default exists under any other Loan Document, insofar as the Assignor may have any right, privilege of claim against the County under the Contract, including, without limitation, any of its rights and remedies arising out of a breach of any representations, warranties and covenants under the Contract, Assignor will enforce such rights and remedies in good faith in the exercise of its reasonable business judgment. Assignor agrees that this Agreement shall constitute a perfected, absolute and present assignment provided that Bank will not enforce the provisions of the Contract until an Event of Default has occurred under the Loan Documents. While an Event of Default exists, Bank may, without affecting any of its rights or remedies against Assignor under any other instrument, document or agreement, exercise its rights under this Agreement in any manner permitted by law.
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Assignor's Rights. ASSIGNOR hereby irrevocably constitutes and appoints ASSIGNEE (and each of ASSIGNEE’S successors and permitted assigns) its true and lawful attorney-in-fact and agent, with full power of substitution, in its name or otherwise, to pay, discharge, adjust, settle or compromise any Assumed Liability, to prosecute or defend any action or claim in connection therewith, and, if applicable, to submit to arbitration any controversy relating thereto.
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Assignor's Rights. 6.1.1. The Assignor has the right to enter the Assignment Agreement with any Claim purchaser; 6.1.2. The Assignor has the right to receive the Price of the Claim in full and in accordance with the term indicated in the Assignment Agreement; 6.1.3. The Assignor has the right to refuse concluding of the Assignment Agreement in case indicated in Clause 4.5. of the Assignment Agreement; 6.1.4. The Assignor has the right to unilaterally terminate the Assignment Agreement in accordance with conditions of the Assignment Agreement.
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Related to Assignor's Rights

  • Pledgor’s Rights As long as no Default or Event of Default shall have occurred and be continuing and until written notice shall be given to Pledgor in accordance with Section 8(a) hereof: (a) Pledgor shall have the right, from time to time, to vote and give consents with respect to the Pledged Collateral, or any part thereof for all purposes not inconsistent with the provisions of this Agreement, the Credit Agreement or any other Loan Document; provided, however, that no vote shall be cast, and no consent shall be given or action taken, which would have the effect of impairing the position or interest of Agent in respect of the Pledged Collateral or which would authorize, effect or consent to (unless and to the extent expressly permitted by the Credit Agreement): (i) the dissolution or liquidation, in whole or in part, of a Pledged Entity; (ii) the consolidation or merger of a Pledged Entity with any other Person; (iii) the sale, disposition or encumbrance of all or substantially all of the assets of a Pledged Entity, except for Liens in favor of Agent; (iv) any change in the authorized number of shares, the stated capital or the authorized share capital of a Pledged Entity or the issuance of any additional shares of its Stock; or (v) the alteration of the voting rights with respect to the Stock of a Pledged Entity; and (i) Pledgor shall be entitled, from time to time, to collect and receive for its own use all cash dividends and interest paid in respect of the Pledged Shares and Pledged Indebtedness to the extent not in violation of the Credit Agreement other than any and all: (A) dividends and interest paid or payable other than in cash in respect of any Pledged Collateral, and instruments and other property received, receivable or otherwise distributed in respect of, or in exchange for, any Pledged Collateral; (B) dividends and other distributions paid or payable in cash in respect of any Pledged Shares in connection with a partial or total liquidation or dissolution or in connection with a reduction of capital, capital surplus or paid-in capital of a Pledged Entity; and (C) cash paid, payable or otherwise distributed, in respect of principal of, or in redemption of, or in exchange for, any Pledged Collateral; provided, however, that until actually paid all rights to such distributions shall remain subject to the Lien created by this Agreement; and (ii) all dividends and interest (other than such cash dividends and interest as are permitted to be paid to Pledgor in accordance with clause (i) above) and all other distributions in respect of any of the Pledged Shares or Pledged Indebtedness, whenever paid or made, shall be delivered to Agent to hold as Pledged Collateral and shall, if received by Pledgor, be received in trust for the benefit of Agent, be segregated from the other property or funds of Pledgor, and be forthwith delivered to Agent as Pledged Collateral in the same form as so received (with any necessary endorsement).

  • Lessor’s Rights If Lessee fails to perform Lessee's obligations under this Paragraph 7, or under any other paragraph of this Lease, Lessor may at its option (but shall not be required to) enter upon the Premises after ten (10) days' prior written notice to Lessee (except in the case of an emergency, in which case no notice shall be required), perform such obligations on Lessee's behalf and put the same in good order, condition and repair, and the cost thereof together with interest thereon at the maximum rate then allowable by law shall become due and payable as additional rental to Lessor together with Lessee's next rental installment.

  • Company’s Rights The existence of this Agreement will not affect in any way the right or power of the Company or its Shareholders to accomplish any corporate act, including, without limitation, the acts referred to in Section 11.16 of the Plan.

  • Owner’s Rights B.1.1 The Owner shall have the right to perform work related to the project and to award contracts in connection with the project that are not part of the Consultant’s responsibilities under the AGREEMENT. The consultant shall notify the Owner in writing if any such independent action will in any way compromise the Consultants’ ability to meet their responsibilities under the AGREEMENT. B.1.2 The Owner reserves the right to approve the consultant’s personnel and to require a replacement satisfactory to the Owner. The Owner reserves the right to have such person replaced if, in the judgment of the Owner, any such person proves unsatisfactory. However, such replacement must fit within the rate/fee structure; in the alternative, the Owner shall have the option for a higher rate person for which the Consultant shall be compensated at the higher rate. B.1.3 The Owner shall have the right to effect the removal of any of the Consultant’s employees at any time during the duration of the AGREEMENT if that employee is deemed not to be of the level of competence or ability required under the AGREEMENT, or said employee is for any reason found to be unsuitable for the work. In such case, the Consultant shall promptly submit the name and qualifications of a replacement for approval by the Owner. B.1.4 The Owner shall have the right to assign the administration of any or all contracts related to this project from the Owner to another State Agency, Authority or Commission at any time during the life of the project. In doing so, the Consultant agrees to continue to perform all contractual work under the AGREEMENT. The Consultant shall make no claim against the Owner in the event of such assignment. B.1.5 The Owner may make changes in the scope of services within the general scope of the AGREEMENT. The Owner may also make changes to the scope of the project which may give rise to changes in the scope of the Consultant services. In such case, the Consultant shall be entitled to an adjustment in fee and in other terms and conditions of the AGREEMENT.

  • BANK’S RIGHTS 3.1 The Bank shall have a right to: (a) Recover the Rent and any other cost incurred by the Bank in relation to the Locker to the debit of the Customer’s account, in the event the same is not paid by the Customer, when due; and (b) Refuse access to the Locker- (i) In case the rent due on the Locker remains unpaid; and (ii) Customer fails to provide proof of identity when demanded by the Bank, at the time of seeking access to the Locker.