Increase of Assignment Clause Samples

Increase of Assignment. Price In the case that FM Electronics-Holding GmbH or a legal successor resells the Subject Matter or sells Ruwido’s business under an asset deal within a period of 24 month after signing of this Agreement, the assignment price to be paid by FM Electronics-Holding GmbH is increased for 50 % of the difference between the agreed assignment price of US$ 100.000,00 (in words US Dollar one hundred thousand) and the surplus amount; this part of the surplus amount has to be paid to the Seller within 4 weeks after Buyers receipt of the surplus amount. In case of default with the payment for more than 3 bank days FM Electronics-Holding GmbH is liable to pay interests of 3 % exceeding the 3 month EURIBOR per year, minimum 8 % per year on the outstanding amount. Additionally FM Electronics-Holding GmbH or a legal successor is obliged to present all documents on the further share or asset deal that take place within the above mentioned 24 month period to the Seller .
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Related to Increase of Assignment

  • DURATION OF ASSIGNMENT The scope of services of this Assignment shall be completed no later than August 31, 2023, unless terminated earlier as provided in Section 3.2 of the Agreement. The schedule is subject to adjustments for possible time extension; however, any extension of time must be approved by the TFC and shall require an amendment to Assignment No. 1.

  • Notification of Assignment Any assignment that is not undertaken in accordance with the provisions set forth above shall be null and void ab initio. A Party making any assignment shall promptly notify the other Party of such assignment, regardless of whether consent is required. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and permitted assigns.

  • Change of Assignment Mutual consent for a change in work year assignment must be reached by March 15 for the following academic year.

  • Notice of Assignment Upon its receipt and acceptance of a duly executed and completed Assignment Agreement, any forms, certificates or other evidence required by this Agreement in connection therewith, Administrative Agent shall record the information contained in such Assignment Agreement in the Register, shall give prompt notice thereof to Company and shall maintain a copy of such Assignment Agreement.

  • Acceptance of Assignment Assignee hereby accepts the assignment contained in paragraph 1 hereof.