No Assignment by the Guarantor Clause Samples

The "No Assignment by the Guarantor" clause prohibits the guarantor from transferring or assigning their obligations under the guarantee to another party without the prior written consent of the beneficiary or lender. In practice, this means that the guarantor must remain personally responsible for fulfilling the guarantee and cannot delegate this responsibility, for example, by selling or transferring the guarantee to a third party. This clause ensures that the beneficiary retains confidence in the original guarantor's creditworthiness and prevents unwanted changes in the party responsible for the guarantee, thereby maintaining the integrity and enforceability of the agreement.
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No Assignment by the Guarantor. The Guarantor may not assign or transfer all or any part of its rights and/or obligations under this Guarantee.
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No Assignment by the Guarantor. The Guarantor may not assign or transfer all or any part of its rights and/or obligations under this Guarantee. Deed of Guarantee and Indemnity (BVI)
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No Assignment by the Guarantor. The Guarantor may not assign any of its rights under this deed without the prior written consent of Council. Council may withhold consent in its absolute discretion. EXECUTED by MID-COAST COUNCIL The seal of Mid-Coast Council was hereunto affixed in the presence of the following authorised officers of the Council pursuant to a Council Resolution passed at the Ordinary Meeting held on 26 July 2017 ………………………………………… Signature of ▇▇▇▇ ▇▇▇▇▇▇, Administrator ) ) ) ) ) ) ) ) ) ) ) ) ………………………………………… Signature of ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, General Manager EXECUTED by ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ in the presence of: ………………………………………… Signature of witness ………………………………………… Name of witness (block letters) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ………………………………………… Signature of ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ PROJECT: Design and construction of a mixed use project by the Developer located at the corner of Lake and West Streets, Forster NSW ("Project") Mid-Coast Council ABN [#] [## Insert Council's address] ("Council") [## Insert name of Consultant] (ACN [## Insert Consultant's ACN]) [## Insert Consultant's address] ("Consultant") We acknowledge that Enyoc Pty Ltd as trustee for the ▇▇▇▇▇▇ ▇▇▇▇ Family Trust (Developer) has entered into a legally binding contractual arrangement with Council dated [## Insert date] in connection with the Project. We hereby warrant and certify that: 1. the documents prepared or provided by or on behalf of the Consultant in connection with the Project to date (including but not limited to the documents, design, material, information or data listed in the Schedule attached to this design certificate) comply with, and have been prepared in accordance with the: a. Technical Documents; and b. all Laws (including all relevant Approvals), relevant Australian Standards, the National Construction Code and Good Industry Practice; and if any works forming part of the Project are constructed in accordance with those documents, such works will, upon their completion, be fit for their intended purpose; 2. to the extent that construction of the works forming part of the Project has commenced as at the date of this design certificate: a. the Consultant has inspected (or procure the inspection of) the works forming part of the Project; and b. the parts of works forming part of the Project relating to the design documents prepared by or on behalf of the Consultant satisfy and comply with the documents prepared by or on behalf of the Consultant. Terms used in this design certificate have the following ...
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No Assignment by the Guarantor. The Guarantor may not assign or transfer any of its rights and/or obligations under this Guarantee, in whole or in part, whether by operation of Applicable Law, merger, change of control or otherwise. Any purported assignment or transfer in violation of this Clause 13.1 shall be null and void.
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Related to No Assignment by the Guarantor

  • No Assignment by Borrower The Borrower shall not assign or transfer any of its rights or obligations under this Agreement without the prior written consent of each of the Lenders.

  • Assignment by the Company The rights, interests or obligations of the Company hereunder may not be assigned, by operation of law or otherwise, in whole or in part, by the Company without the prior written consent of the Investor.

  • Assignment by Issuer The Seller hereby acknowledges and consents to any mortgage, pledge, assignment and grant of a security interest by the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders of all right, title and interest of the Issuer in, to and under the Receivables and/or the assignment of any or all of the Issuer’s rights and obligations hereunder to the Indenture Trustee.

  • Assignment by the Seller The Seller shall assign (exclusive of the Seller’s rights arising under Section 8.02(iii) and 8.03), its interest under this Agreement to the Depositor, which in turn shall assign such rights to the Trustee, and the Trustee then shall succeed to all rights of the Seller under this Agreement.

  • Payment by Guarantor If all or any part of the Guaranteed Obligations shall not be punctually paid when due, whether at demand, maturity, acceleration or otherwise, Guarantor shall, immediately upon demand by Lender, and without presentment, protest, notice of protest, notice of non-payment, notice of intention to accelerate the maturity, notice of acceleration of the maturity, or any other notice whatsoever, pay in lawful money of the United States of America, the amount due on the Guaranteed Obligations to Lender at Lender’s address as set forth herein. Such demand(s) may be made at any time coincident with or after the time for payment of all or part of the Guaranteed Obligations, and may be made from time to time with respect to the same or different items of Guaranteed Obligations. Such demand shall be deemed made, given and received in accordance with the notice provisions hereof.