Common use of Assignment as Security Clause in Contracts

Assignment as Security. (a) In consideration of the Bank agreeing to grant, or continuing to grant or make available to and for the benefit of the Borrower, Banking Facilities as the Bank thinks fit, and as security for the repayment of the Indebtedness, the Assignor assigns to the Bank the Assignor‟s benefits, rights, title, and interest in and to the Sale Agreement and in the Property, together with the Assignor‟s right of enforcement, upon the terms and conditions in this Assignment.

Assignment as Security. (a) In consideration of the Bank agreeing to grant, or continuing to grant or make available to and for the benefit of the BorrowerCustomer, Banking the Facilities as the Bank thinks fit, and as security for the repayment payment of the Indebtedness, the Assignor absolutely assigns to the Bank the Assignor‟s benefits, rights, title, and interest in and to the Sale Agreement and in the PropertyRental Proceeds, together with the Assignor‟s Assignor’s right of enforcement, upon the terms and conditions in this Assignment.

Assignment as Security. (a) In consideration of the Bank agreeing to grant, or continuing to grant or make available to and for the benefit of the Borrower, Banking Facilities as the Bank thinks fit, and as security for the repayment of the Indebtedness, the Assignor assigns to the Bank the Assignor‟s Assignor’s benefits, rights, title, and interest in and to the Sale Agreement and in the Property, together with the Assignor‟s Assignor’s right of enforcement, upon the terms and conditions in this Assignment.