Put Assignment definition

Put Assignment means an assignment in the form attached hereto as Exhibit 2.04(b)/2.05.

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Put Assignment means each Assignment Agreement (Put Option/Put Guarantee), dated as of the Closing Date, by and between a Receivables Sub, as assignor, and the applicable Borrower, as assignee, and acknowledged by the applicable Master Distributor, the Receivables Administrative Agent and LGE.

Put Assignment shall have the meaning ascribed to such term in Section 12.4.

Examples of Put Assignment in a sentence

Until the later of (i) the date that is six (6) months after the Bank Closing Date, and (ii) two (2) months after the completion of the Pro Forma Statement, the Receiver has the right to assign any asset or liabilities identified by the Receiver, excluding Retained Liabilities and claims against the Receiver which are proved to the satisfaction of the Receiver (a “Put Asset/Liability”) by delivering a Put Assignment to the Bridge Bank.
All amounts related to a Put Asset/Liability (i) received by the Receiver after the effective date of its related Put Assignment will belong to the Bridge Bank, and (ii) that remain unpaid after the effective date of its related Put Assignment will be paid by the Bridge Bank.
The Bridge Bank must execute each Put Assignment provided by the Receiver no later than ten (10) days after its receipt thereof.
On the date a Put Assignment for a Put Asset/Liability is executed by the Bridge Bank (i) the Put Assignment will be effective, and (ii) the related Put Asset/Liability will be a Transferred Asset or Assumed Liability, as appropriate, under the terms of this Agreement.