Assignment of Distributions definition
Examples of Assignment of Distributions in a sentence
The Borrower shall execute the Assignment of Distributions in the form attached hereto as Exhibit C in favor of the Collateral Agent with respect to its rights to any distributions of STR-Registrar LLC.
The Assigned Distributions are set forth in Sections 5.01(b)(ii) and (c)(ii) above and in Sections 5.02(b)(ii) and (c)(ii) below are subject to Section 5.03 below and the Assignment of Distributions.
Contemporaneously with the execution of this Agreement, CTMGT and Centamtar Terras shall execute and deliver to Lender a Pledge Agreement, an Assignment of Distributions and a Pledge Assignment for all of the membership interests in Borrower, and all such other agreements, certificates, resolutions, security instruments, amendments, modifications, and supplements as Lender requires, all in forms approved by Lender in its sole discretion.
Nothing contained in this Agreement is intended or will be deemed to benefit any other party except for GECC under and pursuant to the Assignment of Distributions, and no such other party will be entitled to require any Member to make any Additional Capital Contributions to the Company, or, except for GECC pursuant to the Assignment of Distributions, to enforce any right which any Member may have against the Company or any other Member.
Effective as of the Effective Date hereof, the term “Loan Documents” as used in the Loan Agreement and in any other Loan Document shall include the Ozarks Subordination Agreement, the Ryland Subordination Agreement Amendment, the Pledge Agreement, the Assignment of Distributions, the Pledge Assignment and the Cross-Collateralization Agreement.
On July 30, 2002, the Operating Partnership shall cause Phoenix Office to execute and deliver the Guarantee Joinder and Collateral Assignment of Distributions, in the form attached hereto as Exhibit A.