Assignment and delegation. definition
Examples of Assignment and delegation. in a sentence
A Lender shall not be required to make any such Assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such Assignment and delegation cease to apply.
Any purported assignment or delegation in violation of this Section 14.1 (Assignment and delegation) is void.
Except as expressly provided by this Section 14 (Assignment and delegation; successors and assigns; third-party rights), this MLA does not give any legal or equitable right, remedy, or Claim to any person other than the Parties.
The main difference between an Assignment and delegation has found do with contractual rights.
The main difference between an Assignment and delegation has to do with contractual rights.
Any purported assignment of rights or delegation of performance in violation of this Section 8 (Assignment and delegation) is void.
Each of the Notes and the Loan Documents, as represented on Schedule 1.0, are valid, binding and enforceable in all respects, are assignable and that the rights and duties thereunder are delegable, and that this Assignment and delegation is a valid exercise of Assignor's rights thereunder.