Acknowledgment of Assignment Clause Samples
The Acknowledgment of Assignment clause serves to formally recognize that one party has transferred its rights or obligations under a contract to a third party. In practice, this clause typically requires the non-assigning party to confirm in writing that they are aware of the assignment and agree to recognize the new party as having the relevant rights or duties. This ensures that all parties are clear about who holds contractual rights or responsibilities, thereby preventing disputes or confusion regarding the proper party to deal with under the agreement.
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Acknowledgment of Assignment. That the Lessee upon the request of the Lessor shall execute such acknowledgment or acknowledgments, or any assignment, or assignments, of rentals and profits made by the Lessor to any third person, firm or corporation, provided that the Lessor will not make such request unless required to do so by the Mortgagee under a mortgage, or mortgages executed by the Lessor.
Acknowledgment of Assignment. The Borrower shall use commercially reasonable efforts to procure that as soon as practicable after it receives a Notice of Assignment, the Manager shall deliver to the Collateral Agent an Acknowledgment of Assignment in substantially the form attached hereto or otherwise reasonably acceptable to the Collateral Agent.
Acknowledgment of Assignment. The Seller shall have delivered to Purchasers the Assignment Agreement.
Acknowledgment of Assignment. Tenant hereby acknowledges receipt of notice of the Assignment and agrees to be bound by the terms thereof and agrees that it will, upon Lender’s written demand therefor, thereafter pay directly to Lender all amounts thereafter payable by Tenant to the Landlord under the Lease.
Acknowledgment of Assignment. The Company shall use commercially reasonable efforts to procure that as soon as practicable after each other party to the Contracts receives a Notice of Assignment, such other party shall deliver to the Collateral Agent an Acknowledgment of Assignment in substantially the form attached hereto or otherwise reasonably acceptable to the Collateral Agent.
Acknowledgment of Assignment. The Company shall use commercially reasonable efforts to procure that as soon as practicable after KfW IPEX-Bank GmbH receives a Notice of Assignment, KfW IPEX-Bank GmbH shall deliver to the Delegate an Acknowledgment of Assignment in substantially the form attached hereto or otherwise reasonably acceptable to the Delegate.
Acknowledgment of Assignment the Administrative Agent shall have received from Omnipoint Services a written statement addressed to it in which Omnipoint Services (i) consents to the assignment by the Operating Subsidiary party to the Services Agreement of all of its right, title and interest in and to the Services Agreement (including, without limitation, the right to receive any monies due thereunder) to the Collateral Agent pursuant to the Collateral Documents, (ii) agrees not to cancel or terminate the Services Agreement except upon at least 90 days written notice to the Administrative Agent and (iii) agrees that the Administrative Agent or the Collateral Agent shall be entitled to make any payment or otherwise perform any obligation or cure any default of the Borrower or any of its Subsidiaries under the Services Agreement;
Acknowledgment of Assignment. As of the Closing Date, pursuant to this Assignment, the Depositor acknowledges its receipt of the Transferred Loans from the Loan Seller, the Issuing Entity acknowledges its receipt of the Closing Date Sold Assets from the Depositor, and the Indenture Trustee acknowledges the grant of a security interest in the Closing Date Sold Assets to it pursuant to the Indenture.
Acknowledgment of Assignment. Landlord and ▇▇▇▇▇▇ acknowledge and agree that, on July 11, 2022 (the “Assignment Date”), Original Landlord assigned to Landlord, and Landlord assumed, all of Original Landlord’s rights, title, and interest in and to the Lease in connection with an internal corporate restructuring. Accordingly, effective as of the Assignment Date, all references to the “Landlord” in the Lease are hereby deemed to be references to PG 4-Pack, LLC, a Delaware limited liability company. Further, PG 4-Pack, LLC, a Delaware limited liability company, hereby ratifies the Lease and all actions taken by Original Landlord under the Lease prior to the date of this Second Amendment and acknowledges that the Lease is in full force and effect.
Acknowledgment of Assignment. ZiLOG acknowledges that ▇▇▇▇ is required to ---------------------------- assign the proceeds payable to him hereunder to DII as additional security for his secured promissory note to DII under the terms of his separate agreement with DII. ▇▇▇▇ shall be permitted to make this assignment to DII, and ZiLOG agrees to pay any proceeds payable hereunder to ▇▇▇▇ directly to DII upon such assignment, which payment shall in all events be in complete satisfaction of ZiLOG's obligation to pay the foregoing proceeds to ▇▇▇▇; and upon such payment, ▇▇▇▇ shall take all necessary action to transfer to ZiLOG any Option Shares held by DII as security for its loan. Any payment by ZiLOG shall be concurrent with and contingent upon the transfer by DII of any Option Shares DII is holding which are being purchased by ZiLOG on account of the payment being made hereunder.