CONSENT OF DEBTOR Clause Samples
The Consent of Debtor clause establishes that the debtor formally agrees to the terms and conditions set forth in the agreement, particularly those affecting their obligations or the rights of other parties, such as creditors or assignees. In practice, this clause may require the debtor to acknowledge and accept actions like the assignment of their debt to a third party or modifications to repayment terms. Its core function is to ensure that the debtor is aware of and has agreed to significant changes or arrangements, thereby reducing the risk of future disputes and providing legal certainty for all parties involved.
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CONSENT OF DEBTOR. The Debtor agrees that the moneys loaned may be used to pay any hypothecary or prior claim or any charge whatsoever ranking higher than the hypothecs contemplated in the certificate authorizing the loan, hereinafter called the "certificate", and delivered by La Financière agricole. Should the amounts be insufficient, the Creditor shall be entitled, without restricting his other rights and remedies, to demand repayment of the amounts already disbursed, notwithstanding the term agreed upon.
CONSENT OF DEBTOR. The Debtor agrees that the moneys loaned may be used to pay any hypothecary or prior claim or any charge whatsoever ranking higher than the hypothecs contemplated in the certificate authorizing the loan, hereinafter called the "certificate", and delivered by La Financière agricole. Should the amounts be insufficient, the Creditor shall be entitled, without restricting his other rights and remedies, to demand repayment of the amounts already disbursed, notwithstanding the term agreed upon. If the Debtor uses the loan to finance construction work on or improvements to the hypothecated immoveable, the portion of the loan used for this purpose may be disbursed, in accordance with the instructions given by La Financière agricole, while the work is being carried out or at the expiry of thirty-five (35) days after the completion of the work. The Debtor shall complete the construction, in accordance with the rules of the trade and the plans and specifications submitted to La Financière agricole, of the building or buildings constructed or to be constructed on the immovable, and take all appropriate measures to ensure that no legal hypothec on the construction adversely affect the rights of the Creditor. Should the Debtor fail in meeting this obligation, the Creditor shall be entitled, without restricting his other rights and remedies, to demand immediate repayment of the loan in capital, interests, costs and accessories. If the Debtor, in the opinion of La Financière agricole or the Creditor, fails to meet these obligations, the Creditor shall also be entitled, without restricting his other rights and remedies, to enter in his stead and place into the contracts and agreements he deems appropriate and to make periodic payments to contractors, suppliers of materials and other parties concerned. The Debtor shall obtain and provide the Creditor, on request, following the procedures determined by La Financière agricole, with a cession of rank of hypothec from any person entitled to claim or to register a legal hypothec on the construction located on the immovable.
CONSENT OF DEBTOR. 6.1 The Debtor agrees and consents to the assignment of the Acquired Debtor to the Assignee by the Assignor, and the possible conversion, at the Assignee’s option, of the Acquired Debt or portion thereof.
6.2 The Debtor represents, warrants and covenants to the Assignee that:
(a) The full amount of the Debt is due and owing at the time of this Agreement, and
(b) The Debt has not been prepaid in full or in part.
6.3 The Debtor agrees and acknowledges and that the Assignee is entitled to make demand for payment or conversion pursuant to the terms of the Note and this Agreement at any time for full or partial payment of the full amount of the Acquired Debt.
CONSENT OF DEBTOR. Debtor consents to the exercise by Secured Party of any rights of Debtor in accordance with the provisions of this Agreement.
CONSENT OF DEBTOR. The Debtor hereby consents and agrees that the transfer of the Pledged Stock is made in full satisfaction of all Defaulted Obligations. The Lenders hereby agree to accept the transfer of the Pledged Stock in full satisfaction of all Defaulted Obligations pursuant to Section 9-622(a) of the UCC.
CONSENT OF DEBTOR. 4.1 Debtor, having received no additional consideration for this Assignment, agrees and consents to the assignment of Assignor's interests in the Assigned Debt to Assignee pursuant to the terms and conditions of this Agreement.
4.2 Debtor represents, warrants and covenants to Assignee that (a) the full amount of the Assigned Debt is due and owing at the time of this Agreement, and (b) the Assigned Debt has not been prepaid in full or in part.
4.3 Debtor agrees that Assignee is entitled to convert the debt and make demand for any and all documentation needed to assign, convert, sell and/or transfer the Assigned Debt.
CONSENT OF DEBTOR. 3.1 The Debtor, by dint of extant agreement with the Masterphagers Guild and employment of the Creditor, is assumed to agree and consent to the assignment of the Assignor's interest in the Debt to the Assignee pursuant to the terms and conditions of this agreement.
3.2 The Debtor represents, warrants and covenants to the Assignee that (a) the full amount of the Debt is due and owing at the time of this agreement, (b) the Debt has not been prepaid in full or in part, and (c) that the Debt shall be the Debtor’s sole responsibility, without transferring to the Assignee aside from all profits, excises, taxes, claim surcharges, processing fees, and other reasonable deductions enforced under Council and Municipal custom, standard, law, act, or necessity, not exceeding 250% of the original sum of the debt owed.
3.3 The Debtor further agrees and acknowledges that as transitive employer of the Creditor, the Assignee assumes is entitled to make demand at any time for payment of the full amount of the Debt, and that the Creditor likewise may apply relevant surcharges, benefits, compensations, and demands befitting the rights of employees under Union regulation and Council and Municipal custom, standard, law, act, or necessity, including damages sustained by employees, as long as any such employees continue in a persistent physical and living state or state sufficiently emulative of a living state.
CONSENT OF DEBTOR. 5.1 The Debtor agrees and consents to the assignment of the Assigned Debt to the Assignee by the Assignor.
CONSENT OF DEBTOR. 3.1 The Debtor agrees and consents to the Assignment of the Assignor’s interest in the Debt to the Assignee pursuant to this agreement’s terms and conditions.
3.2 The Debtor represents, warrants, and covenants to the Assignee that (a) the full amount of the Debt is due and owing at the time of this agreement, (b) the Debt has not been prepaid in full or in part, and (c) any interest owing on the Debt has been paid in full up to February 22, 2021.
3.3 The Debtor agrees and acknowledges and that the Assignee is entitled to make a demand at any time for payment of the full amount of the Debt.
CONSENT OF DEBTOR. 5.1 The Debtor acknowledges, agrees, and consents to the assignment and rights of conversion of the Acquired Debt, or any portion thereof.
5.2 The Debtor agrees and acknowledges that the Assignee is entitled to make demand for full or partial payment of the Acquired Debt at any time pursuant to the terms of the Note and this Agreement.