ASSIGNMENT EFFECTIVE Clause Samples
The "Assignment Effective" clause defines when and how the transfer of rights or obligations under a contract becomes valid and enforceable. Typically, this clause specifies the conditions that must be met for an assignment to take effect, such as requiring written notice to the other party or obtaining prior consent. By clarifying the moment and requirements for an assignment to be recognized, this clause ensures all parties are aware of changes in contractual relationships and helps prevent disputes over unauthorized or unclear transfers.
ASSIGNMENT EFFECTIVE. The assignment of each Receivable the subject of an Offer or the Future Receivables Transfer will be effective to pass to the Receivables Trustee good and marketable title thereto and the benefit thereof (including in such context, any Collections and other rights in connection therewith such as related guarantees and Insurance Proceeds) free of any Encumbrances in favour of any person claiming through or under the Transferor or any of its Affiliates to the Receivables Trustee and, subject to any limitations arising on enforcement in the jurisdiction of the relevant Obligor, no further act, condition or thing will be required to be done in connection therewith to enable the Receivables Trustee to require payment of any such Receivable or to enforce any such right in the courts of England and Wales, Scotland or Northern Ireland or any Additional Jurisdiction without the participation of the Transferor other than:
ASSIGNMENT EFFECTIVE. The assignment of each Receivable the subject of an Offer will be effective to pass to the Receivables Trustee good and marketable title thereto and the benefit thereof (including in such context, any Collections and other rights in connection therewith such as related guarantees and Insurance Proceeds) free of any Encumbrances in favour of any person claiming through or under the Transferor or any of its Affiliates to the Receivables Trustee and no further act, condition or thing will be required to be done in connection therewith to enable the Receivables Trustee to require payment of any such Receivable or to enforce any such right in the courts of England and Wales, Scotland or Northern Ireland or any Additional Jurisdiction without the participation of the Transferor other than:
ASSIGNMENT EFFECTIVE. No assignment of the Lease shall be effective unless the Transferee shall execute an appropriate instrument directly with the Landlord assuming, as to the assigned premises, all the obligations of the Tenant hereunder.
ASSIGNMENT EFFECTIVE. The assignment of each Receivable the subject of an Offer will be effective to pass to the Receivables Trustee good and marketable title thereto and the benefit thereof (including in such context, any Collections and other rights in connection therewith such as related guarantees and Insurance Proceeds) free of any Encumbrances in favour of any person claiming through or under the Transferor or any of its Affiliates to the Receivables Trustee and, subject to any limitations arising on enforcement in the jurisdiction of the relevant Obligor, no further act, condition or thing will be required to be done in connection therewith to enable the Receivables Trustee to require payment of any such Receivable or to enforce any such right in the courts of England and Wales, Scotland or Northern Ireland or any Permitted Additional Jurisdiction without the participation of the Transferor other than:
(1) the giving of a Notice of Assignment and completion of a written transfer in respect of such Receivables and the payment of any applicable United Kingdom stamp duty; or
(2) the joinder of the Transferor as a party to proceedings by the Receivables Trustee against the relevant Obligor.
ASSIGNMENT EFFECTIVE. The assignment of or declaration of trust over each Receivable the subject of an Offer will be effective to pass to the Receivables Trustee good and marketable title thereto or, in the case of Scottish Receivables, the beneficial interest in good and marketable title thereto and the benefit thereof (including in such context, any Collections and other rights in connection therewith such as related guarantees and Insurance Proceeds) free of any Encumbrances in favour of any person claiming through or under the relevant Transferor or, as the case may be, Additional Transferor or any of its Affiliates to the Receivables Trustee and, subject to any limitations arising on enforcement in the jurisdiction of the relevant Obligor, no further act, condition or thing will be required to be done in connection therewith to enable the Receivables Trustee to require payment of any such Receivable or to enforce any such right in the courts of England and Wales, Scotland or Northern Ireland or any Additional Jurisdiction without the participation of the Transferor other than:
(1) the payment of any applicable United Kingdom stamp duty;
(2) the execution of a Scottish Assignation; and
(3) the giving of a Notice of Assignment and taking any other necessary action for perfection of legal title with respect to non-Scottish Receivables.
ASSIGNMENT EFFECTIVE. The assignment of each Receivable the subject of an Offer or the Future Receivables Transfer will be effective to pass to the Receivables Trustee good and marketable title thereto and the benefit thereof (including in such context, any Collections and other rights in connection therewith such as related guarantees and Insurance Proceeds) free of any Encumbrances in favour of any person claiming through or under the Transferor or any of its Affiliates to the Receivables Trustee and, subject to any limitations arising on enforcement in the jurisdiction of the relevant Obligor, no further act, condition or thing will be required to be done in connection therewith to enable the Receivables Trustee to require payment of any such Receivable or to enforce any such right in the courts of England and Wales, Scotland or Northern Ireland or any Additional Jurisdiction without the participation of the Transferor other than:
(1) the payment of any applicable United Kingdom stamp duty; and
(2) the giving of a Notice of Assignment.
ASSIGNMENT EFFECTIVE. The assignment of each Receivable the subject of an Offer will be effective to pass to the Receivables Trustee good and marketable title thereto and the benefit thereof (including in such context, any Collections and other rights in connection therewith such as related guarantees and Insurance Proceeds) free of any Encumbrances in favour of any person claiming through or under the Transferor or any of its Affiliates to the Receivables Trustee and, subject to any limitations arising on enforcement in the jurisdiction of the relevant Obligor, no further act, condition or thing will be required to be done in connection therewith to enable the Receivables Trustee to require payment of any such Receivable or to enforce any such right in the courts of England and Wales, Scotland or Northern Ireland or any Permitted Additional Jurisdiction without the participation of the Transferor other than:
(1) the payment of any applicable United Kingdom stamp duty; and
(2) the giving of a Notice of Assignment and completion of a written transfer in respect of such Receivables.
ASSIGNMENT EFFECTIVE. The assignment of or declaration of trust over each Receivable the subject of an Offer will be effective to pass to the Receivables Trustee good and marketable title thereto or, in the case of Scottish Receivables, the beneficial interest in good and marketable title thereto and the benefit thereof (including in such context, any Collections and other rights in connection therewith such as related guarantees and Insurance Proceeds) free of any Encumbrances in favour of any person claiming through or under the relevant Transferor or, as the case may be, Additional Transferor or any of its Affiliates to the Receivables Trustee and, subject to any limitations arising on enforcement in the jurisdiction of the relevant Obligor, no further act, condition or thing will be required to be done in connection therewith to enable the Receivables Trustee to require payment of any such Receivable or to enforce any such right in the courts of England and Wales, Scotland or Northern Ireland or any Additional Jurisdiction without the participation of the Transferor other than: