Assignment Payment definition
Examples of Assignment Payment in a sentence
The amount of the Assignment Payment determined as being due as a result of the assignment shall be payable within five Business Days following the Assignment Date.
Each of the following, at Lender's option, shall constitute an Event of Default under this Assignment: Payment Default.
The amount of the Assignment Payment determined in accordance with paragraph (b) of this Section 2.01 and the Settlement Amount determined in accordance with this paragraph (c) shall be payable on a net basis within five Business Days following the Assignment Date.
As consideration for such Assignment, Assignee shall pay Assignor the amount on the signature page hereof being the "Assignment Payment." As part of the Debt assignment, Assignor shall transfer all related supportive documents to the Assignee and all UCC and other financing rights, but in no event is the Assignee required to investigate or verify the Debt or supportive documents since it is a commercial representation by the Assignor that the Debt is real and support is true and complete.
In consideration for the Assignment Payment, Assignee expressly accepts the assignment set forth in the preceding sentence for the relevant Assignment Period and hereby assumes all of Assignor’s liabilities, obligations, taxes and contractual commitments as Purchaser under and/or pertaining to the Assigned Contracts (except for any reactive power revenues and/or rights associated with the Assigned Contract) to the extent arising out of such Assignment Period.
Assignee further acknowledges that the AS-IS nature of the transaction and that the other terms and conditions described in this Section have been taken into account in the establishment of the Assignment Payment.
As consideration for the sale and assignment contemplated in Section 1 hereof, the Assignee shall pay to the Assignor on the date hereof in federal funds an aggregate amount equal to the aggregate amount specified on, or calculated as provided on, Schedule 1 hereto (the "Aggregate Assignment Payment").
The ▇▇▇▇▇▇▇ Money shall be applied as a credit to the Assignment Payment at Closing.
As of the Assignment Effective Date, subject to the terms of Section 7.3 of the RPA, in consideration for payment of the Assignment Payment and other agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, all of the Assignor’s right, title and interest in, to and under the Assigned Interest.
The parties hereto agree and acknowledge that as a result of the Venture Distribution, as of the Closing, for all purposes under the Venture Agreement, each party will be deemed to have received cash distributions equal to (i) in the case of Assignor, an amount equal to the Assignment Payment plus any cash distributions made to Assignor pursuant to Section 20(c) above (collectively, the “Deemed Distribution”), and (ii) in the case of the ACC Member, an amount equal to one-ninth of the Deemed Distribution.