RELEASE OF ASSIGNED ASSETS Clause Samples

RELEASE OF ASSIGNED ASSETS. If the Security Trustee, acting upon the instructions of the Facility Agent, is satisfied that all the Secured Liabilities have been irrevocably paid or discharged in full and the Security Trustee is satisfied that the time period within which the payment or discharge of such Secured Liabilities or such substitute security can be avoided, reduced or invalidated by virtue of applicable law or for any other reason whatsoever has expired, or that the payment, discharge or substitute security will not be avoided, reduced or invalidated then, subject to Clause 16.2 (Retention of Deed), the Security Trustee shall at the request and cost of the Company execute such deeds and do all such acts and things as may be necessary to release the Assigned Assets from the Assignment.
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Related to RELEASE OF ASSIGNED ASSETS

  • 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.

  • Prohibition of Assignment This Agreement and the rights, duties and obligations hereunder may not be assigned or delegated by Consultant without the prior written consent of the Company. Any assignment of rights or delegation of duties or obligations hereunder made without such prior written consent shall be void and of no effect.

  • Assignment of Assets Subject to Sections 1.1 and 1.2, Assignor does hereby grant, assign, bargain, sell and transfer to Assignee, its successors and assigns, in trust, for the benefit of all the Assignor’s creditors generally, all of the property and assets of Assignor of every kind and nature wherever situated, whether in possession, reversion, remainder or expectancy, both real and personal, and any interest or equity therein not exempt from the enforcement of a money judgment, including, without limitation, all inventory, merchandise, goods, furniture, fixtures, machinery, equipment, raw materials, work in process, accounts, general intangibles, intellectual property, deposits, books, records, fixtures, cash on hand, bank accounts, tax refunds, all choses in action, insurance policies and refunds and all other property of every kind and nature owned by Assignor, or in which Assignor has an interest (the “Assignment Estate”).

  • Right of Assignment No consent shall be required pursuant to Clause 17.1 in the case of an assignment by a Party to an Affiliate provided that: (a) the Affiliate is technically capable of performing the Party’s obligations under this Agreement; and (b) the assigning Party shall not be relieved of any obligations that such Affiliate fails to perform.