Account Assignments definition
Examples of Account Assignments in a sentence
The Operating Accounts and all amounts from time to time standing to the credit thereof shall be subject to the security constituted and the rights conferred by the Operating Account Assignments.
By execution of the Assignment and Assumption Agreement, Chase Card Funding has assumed and agreed to perform all of the Original Transferor’s covenants and obligations under the Prior Transfer and Servicing Agreements and the Initial Account Assignments, and has accepted all rights granted to the Original Transferor thereunder and pursuant to the terms thereof.
The Accounts and all amounts from time to time standing to the credit thereof shall be subject to the security constituted and the rights conferred by the Account Assignments.
Notwithstanding anything in this Section 7.03 to the contrary, so long as no Event of Default has occurred and is continuing, the Borrower and its Subsidiaries may make Permitted Delinquent Account Assignments.
By execution of the Assignment and Assumption Agreement (CCF), Chase Card Funding assumed and agreed to perform all of the Original Transferor’s covenants and obligations under the Prior TSAs and the Initial Account Assignments, and accepted all rights granted to the Original Transferor thereunder and pursuant to the terms thereof.
Agent agrees that it shall not deliver any such Specified Account Assignments to any Account Debtor unless an Event of Default has occurred and is continuing.
Notwithstanding anything in this Section 7.03 to the contrary, so long as no Event of Default has occurred and is continuing, the Borrower and its Restricted Subsidiaries may make Permitted Delinquent Account Assignments.
Each of the Earnings Assignments, the Security Account Assignments and the Share Mortgage when executed and delivered, will create a valid and perfected first priority security interest in the collateral described therein, enforceable in accordance with its terms against the grantor thereof and all third parties.
Security Documents - the Deposit Account Assignments, the Payment ------------------- Direction Agreements and all other instruments and agreements now or at any time hereafter securing the whole or any part of the Obligations.
Obligors shall execute and deliver such Specified Account Assignments as the Agent may request from time to time.