Removal of Assignment Documents by Incumbent Sample Clauses

The 'Removal of Assignment Documents by Incumbent' clause establishes the incumbent party's obligation or right to remove documents related to assignments from a particular location or system. In practice, this may require the incumbent to collect and take away all physical or electronic assignment records upon the conclusion of their role or upon request by the other party. This clause ensures that sensitive or proprietary information is not left behind, thereby protecting confidentiality and preventing unauthorized access to assignment-related documents.
Removal of Assignment Documents by Incumbent. Pursuant to the escrow arrangement described in Section 8.6.1 above, Incumbent shall have the right to remove the Assignment Documents from escrow upon the occurrence of an event of default set forth in Section 8.5.2.
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Removal of Assignment Documents by Incumbent. Pursuant to the escrow arrangement described in SECTION 8.6.1 above, Incumbent shall have the right to remove the Assignment Documents from escrow upon the first to occur of the following events: (i) in the event PathNet becomes insolvent, is unable to pay its debts as they mature, makes assignment for the benefit of its creditors and/or in the event any case or proceeding is commenced by or against PathNet under Title 11 of the Unites States Code, as amended, or under any other state or federal statute for the relief of debtors, (ii) the Expiration Date or (iii) PathNet defaulting under its financing arrangement with its vendor and receipt by Incumbent of written notice from vendor stating its intention to waive its right to operate the System for the purpose of generating Revenue from the sale of Excess Capacity.
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Removal of Assignment Documents by Incumbent. Pursuant to the escrow arrangement described in Section 8.6.1 above, Incumbent shall have the right to remove the Assignment Documents from escrow upon the first to occur of the following events: (i) in the event Pathnet becomes insolvent, is unable to pay its debts as they mature, makes assignment for the benefit of its creditors and/or in the event any case or proceeding is commenced by or against Pathnet under Title 11 of the Unites States Code, as amended, or under any other state or federal statute for the relief of debtors, (ii) the Expiration Date or (iii) Pathnet defaulting under its financing arrangement with its vendor and receipt by Incumbent of written notice from vendor stating its intention to waive its right to operate the System for the purpose of generating Revenue from the sale of Excess Capacity.
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Related to Removal of Assignment Documents by Incumbent

  • Effect of Assignment Subject to the terms and conditions of this Section 9.6, as of the “Effective Date” specified in the applicable Assignment Agreement: (i) the assignee thereunder shall have the rights and obligations of a “Lender” hereunder to the extent such rights and obligations hereunder have been assigned to it pursuant to such Assignment Agreement and shall thereafter be a party hereto and a “Lender” for all purposes hereof; (ii) the assigning Lender thereunder shall, to the extent that rights and obligations hereunder have been assigned thereby pursuant to such Assignment Agreement, relinquish its rights (other than any rights which survive the termination hereof under Section 9.8) and be released from its obligations hereunder (and, in the case of an Assignment Agreement covering all or the remaining portion of an assigning Lender’s rights and obligations hereunder, such Lender shall cease to be a party hereto; provided, anything contained in any of the Credit Documents to the contrary notwithstanding, such assigning Lender shall continue to be entitled to the benefit of all indemnities hereunder as specified herein with respect to matters arising prior to the effective date of such assignment; (iii) the Revolving Commitments shall be modified to reflect the Revolving Commitment of such assignee and any Revolving Commitment of such assigning Lender, if any; and (iv) if any such assignment occurs after the issuance of any Revolving Note hereunder, the assigning Lender shall, upon the effectiveness of such assignment or as promptly thereafter as practicable, surrender its applicable Revolving Loan Notes to Administrative Agent for cancellation, and thereupon Company shall issue and deliver new Revolving Loan Notes, if so requested by the assignee and/or assigning Lender, to such assignee and/or to such assigning Lender, with appropriate insertions, to reflect the new Revolving Commitments and/or outstanding Revolving Loans of the assignee and/or the assigning Lender.

  • 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.

  • 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.

  • Assignments by ▇▇▇▇▇▇▇ Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions:

  • Acceptance of Assignments by Administrative Agent Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph.