Transfer Orders Clause Samples

Transfer Orders. Grantor agrees to execute such transfer orders, payment orders, division orders and other instruments as may be needed by Beneficiary or requested by it incident to its having all assigned payments made direct to it at its office in Midland, Texas. Grantor hereby authorizes and directs all such pipeline companies, purchasers, transporters and other parties owing moneys to Grantor under contracts herein assigned, to pay such amounts direct to Beneficiary as follows: AMERICAN STATE BANK 620 N▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ such authorization shall continue until this Deed of Trust is released. Beneficiary is authorized to collect, receive, and give receipt for all such amounts, and no party making payment shall have any responsibility to see to the application of any funds paid to the Beneficiary but shall be fully protected in making such payment to Beneficiary under the assignments herein contained. Should Beneficiary bring suit against any third party for collection of any amounts or sums included within this assignment (and Beneficiary shall have the right to bring any such suit), it may sue e▇▇▇er in its own name or in the name of Grantor.

Transfer Orders. The certificates for Shares will bear legends in substantially the following form: THE SHARES REPRESENTED HEREBY HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER THE SECURITIES LAWS OF ANY STATE AND, ACCORDINGLY, MAY BE OFFERED, SOLD, TRANSFERRED OR PLEDGED ONLY IN A TRANSACTION WHICH IS REGISTERED UNDER SUCH ACT AND UNDER SUCH LAWS OR IS EXEMPTED FROM SUCH REGISTRATION REQUIREMENTS. The foregoing legend shall be removed from any such certificate at the request of the holder thereof at such time as the shares represented thereby are registered under the Securities Act or become eligible for resale under Rule 144 promulgated under the Securities Act.

Transfer Orders. Grantor agrees to execute such transfer orders, payment orders, division orders and other instruments as may be needed by Beneficiary or requested by it incident to its having all assigned payments made direct to it at its office in Midland, Texas. Grantor hereby authorizes and directs all such pipeline companies, purchasers, transporters and other parties owing moneys to Grantor under contracts herein assigned, to pay such amounts direct to Beneficiary as follows: and such authorization shall continue until this Deed of Trust is released. Beneficiary is authorized to collect, receive, and give receipt for all such amounts, and no party making payment shall have any responsibility to see to the application of any funds paid to the Beneficiary but shall be fully protected in making such payment to Beneficiary under the assignments herein contained. Should Beneficiary bring suit against any third party for collection of any amounts or sums included within this assignment (and Beneficiary shall have the right to bring any such suit), it may ▇▇▇ either in its own name or in the name of Grantor.

Transfer Orders. ▇▇▇▇▇▇▇ agrees to execute such transfer orders, payment orders, division orders and other instruments as may be needed by Beneficiary or requested by it incident to its having all assigned payments made direct to it. Grantor authorizes and directs all such pipeline companies, purchasers, transporters and other parties owing moneys to Grantor under contracts herein assigned to pay such amounts direct to Beneficiary upon the written request by Beneficiary during the existence of a default as follows:

Transfer Orders. Grantor agrees to execute such transfer orders, payment orders, division orders and other instruments as may be needed by Beneficiary or requested by it incident to its having all assigned payments made direct to it. Grantor authorizes and directs all such pipeline companies, purchasers, transporters and other parties owing moneys to Grantor under contracts herein assigned to pay such amounts direct to Beneficiary upon the written request by Beneficiary during the existence of a default as follows: ▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ and such authorization shall continue until this Deed of Trust is released. During the existence of a default, Beneficiary is authorized to collect, receive, and give receipt for all such amounts, and no party making payment shall have any responsibility to see to the application of any funds paid to Beneficiary but shall be fully protected in making such payment to Beneficiary under the assignments herein contained. Should Beneficiary bring suit against any third party for collection of any amounts or sums included within this assignment (and Beneficiary shall have the right to bring any such suit), it may ▇▇▇ either in its own name or in the name of Grantor.

Transfer Orders. At Closing, ▇▇▇▇▇▇ agrees to execute such transfer --------------- orders, letters in lieu of transfer orders, or other documents as may be necessary to effect payment of revenues to Buyer.

Transfer Orders. Seller and Buyer shall execute, acknowledge and deliver Transfer Orders and letters in lieu of such orders within 30 days after Closing directing all purchasers of production from the Properties to pay to Buyer the proceeds attributable to production from the Properties from and after the Effective Date.

Transfer Orders. In addition to the general restriction imposed on ipso facto clauses, two other common rules specifically targeting close-out netting rights regard the suspension of the exercise of termination rights in relation to the transfer of close-out netting contracts and the prohibition of the partial transfer of close-out netting contracts. Thus, in relation to the first, in all three juris- dictions the resolution regimes provide for the temporary suspension of the exercise of close-out netting rights to allow the resolution authority to transfer all obligations under a contract.90 Since the English and French regimes are based on the BRRD, almost identical conditions and safeguards are imposed in these jurisdictions to protect, to the extent possible, the close-out netting mechanism. Thus, under these two regimes the resolution authority is empowered to suspend termination rights, defined to include also acceleration, close-out, set-off and netting rights, of any party to a qualifying contract where all obligations under the contract continue to be performed up till midnight of the business day following the day when the instrument provided for the suspension is published and provided the reso- lution authority does not give notice that the transfer will not take place. The BRRD safeguards apply in the sense that the termination right may be exercised after the expiration of the suspension period if following the transfer of the contract there subsists an event of default which may trigger the termination of the contract. It may be exercised before if the resolution college informs it that the contract will not be transferred or that it will not be subject to recapitalisation measures. Less safeguards appear to be afforded under US law where both FDIA and OLA prohibit the counterparty from terminating, liquidating or netting a qualified financial contract after 89 12 U.S.C. §§1821(e)(10)(B)(i) & (ii), & 5390(c)(10)(B). Under the OLA regime, the restric- tion applies only in relation to the appointment of a receiver. 90 See Section 70C, Banking Act 2009, article L.613-56-5 of the French Financial Code & 12 U.S.C. §§1821(e)(10)(A)(B) & (ii), & 5390(c)(10)(B). During this period, the obligations of the parties are also suspended. they receive notice that the contract has been transferred to a third party.91 It is assumed that these rights may be exercised once the transfer is complete and an event of default occurs in relation to the transferee counterparty. The s...

Transfer Orders. All certificates representing the Shares will be subject to a stop transfer order with the Company's transfer agent that restricts the transfer of such shares except in compliance with this Agreement and applicable law.