Notice of Assignment and Acknowledgement Clause Samples
The Notice of Assignment and Acknowledgement clause requires a party to formally notify the other party when it assigns its rights or obligations under the contract to a third party, and often obligates the receiving party to acknowledge receipt of this notice. In practice, this means that if one party transfers its contractual interests, it must inform the counterparty in writing, and the counterparty may need to confirm that it has received and recognized the assignment. This clause ensures transparency and clarity regarding changes in contractual relationships, preventing disputes about who holds rights or responsibilities under the agreement.
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Notice of Assignment and Acknowledgement. The Account Bank agrees that promptly upon receipt of acknowledgement of a notice of assignment signed by the Issuer, in (or substantially in) the form of notice set out in Schedule 6 (Form of Notice of Assignment To Issuer's Account Bank) hereto, the Account Bank shall sign and duly return to the Issuer, with a copy to the Trustee, the acknowledgement contained therein.
Notice of Assignment and Acknowledgement. By its execution of the Funding Deed of Charge, the Account Bank acknowledges and consents to the assignments, charges and Security Interests (including the Jersey Security Interests) made or granted by Funding under Clause 3 (Funding Security) of such Funding Deed of Charge.
Notice of Assignment and Acknowledgement. The Master Issuer Account Bank agrees that promptly upon receipt of a notice of assignment signed by the Master Issuer in (or substantially in) the form of notice set out in Part 1 of Schedule 2 hereto, the Master Issuer Account Bank shall sign and duly return to the Master Issuer, with a copy to the Master Issuer Security Trustee, an acknowledgement in (or substantially in) the form of acknowledgement set out in Part 2 of Schedule 2.
Notice of Assignment and Acknowledgement. The Seventh Issuer Account Bank agrees that promptly upon receipt of a notice of assignment signed by the Seventh Issuer, in (or substantially in) the form of notice set out in PART 1 of SCHEDULE 2 hereto, the Seventh Issuer Account Bank shall sign and duly return to the Seventh Issuer, with a copy to the Security Trustee, an acknowledgement in (or substantially in) the form of acknowledgement set out in PART 2 of SCHEDULE 2.
Notice of Assignment and Acknowledgement. Each Account Bank agrees that promptly upon receipt of a notice of assignment signed by the LLP, in (or substantially in) the form of notice set out in Part 1 of Schedule 2 hereto, it shall sign and duly return to the LLP, with a copy to the Security Trustee, an acknowledgement in (or substantially in) the form of acknowledgement set out in Part 2 of Schedule 2 hereto.
Notice of Assignment and Acknowledgement. (a) The Account Bank agrees that promptly upon receipt of a notice of assignment signed by Funding 1, in (or substantially in) the form of notice set out in Part 1 of Schedule 2, hereto, the Account Bank shall sign and duly return to Funding 1, with a copy to the Funding 1 Security Trustee and the Funding 2 Security Trustee, an acknowledgement in (or substantially in) the form of acknowledgement set out in Part 2 of Schedule 2 hereto.
(b) The Account Bank agrees that promptly upon receipt of a notice of assignment signed by Funding 2, in (or substantially in) the form of notice set out in Part 3 of Schedule 2 hereto, the Account Bank shall sign and duly return to Funding 2 with a copy to the Funding 1 Security Trustee and the Funding 2 Security Trustee, an acknowledgement in (or substantially in) the form of acknowledgement set out in Part 4 of Schedule 2 hereto.
Notice of Assignment and Acknowledgement. (a) The Master Issuer Sterling Account Bank agrees that promptly upon receipt of a notice of assignment signed by the Master Issuer in (or substantially in) the form of notice set out in Part 1 of Schedule 2 hereto, the Master Issuer Sterling Account Bank shall sign and duly return to the Master Issuer, with a copy to the Master Issuer Security Trustee, an acknowledgement in (or substantially in) the form of acknowledgement set out in Part 3 of Schedule 2.
(b) The Master Issuer Non-Sterling Account Bank agrees that promptly upon receipt of a notice of assignment signed by the Master Issuer in (or substantially in) the form of notice set out in Part 2 of Schedule 2 hereto, the Master Issuer Non-Sterling Account Bank shall sign and duly return to the Master Issuer, with a copy to the Master Issuer Security Trustee, an acknowledgement in (or substantially in) the form of acknowledgement set out in Part 4 of Schedule 2.
Notice of Assignment and Acknowledgement. By its execution of the Current Issuer Deed of Charge, the Current Issuer Account Bank acknowledges and consents to the assignments, charges and Security Interests (including the Jersey Security Interests) made or granted by the Current Issuer under Clause 3 (Current Issuer Security) of such Current Issuer Deed of Charge.
Notice of Assignment and Acknowledgement. By its execution of the Deed of Charge, the First Issuer Account Bank acknowledges and consents to the assignments, charges and Security Interests made or granted by the Issuer under clause 3 (Issuer Security) of such Deed of Charge.
Notice of Assignment and Acknowledgement. By its execution of the Deed of Charge, the Second Issuer Account Bank acknowledges and consents to the assignments, charges and Security Interests made or granted by the Issuer under clause 3 (Issuer Security) of such Deed of Charge.