ASSIGNMENT BY HIRER Clause Samples

ASSIGNMENT BY HIRER. The Hirer may request in writing to the Owner to assign all the Owner’s right, title and interest in the Goods under this Agreement. The Hirer shall: (a) give the Owner the requisite notice of such intention or in absence of such notice, pay interest in lieu thereof as set out in Section VI of the Schedule; (b) rectify and make good all defaults under the Agreement including but not limited to payment of all overdue instalments and all accrued fees, charges and default interest thereon as set out in Section VII of the Schedule; (c) execute with the assignee and deliver to the Owner an assignment which content and form shall be satisfactory to the Owner containing an undertaking from the assignee to pay the Owner the net balance due under this Agreement; and (d) paying the Owner all applicable charges set out in Section VI and VIII of the Schedule; and all reasonable costs incurred by the Owner (including but not limited to legal costs on a full indemnity basis) arising from such assignment. Without limitation to the parties’ modes of execution, any assignment and all documents relating to any assignment of all or part of its rights or transfer of all or part of its obligations may be executed electronically or digitally, and upon such execution such assignment and documents shall be binding on the Hirer.