Assignment Event Sample Clauses

Assignment Event. (i) The long-term senior unsecured debt rating of the Seller being rated below “BBB-” by Standard & Poor’s and “Baa3” by Moody’s, or (ii) the occurrence of an Event of Servicing Termination.
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Assignment Event. Immediately upon the occurrence of any Assignment Event, the Representative or the Servicer shall notify the Certificate Insurer and the Pool I and Pool II Co-Trustee of such occurrence or the Certificate Insurer shall notify the Representative, the Servicer and the Pool I and Pool II Co-Trustee. Thereafter, the Custodian shall (i) begin transferring all Trustee's Mortgage Files in its possession relating to the Pool I and Pool II Mortgage Loans to the Pool I and Pool II Co-Trustee (or such other Person acceptable to the Certificate Insurer) and (ii) either cause proper assignments of each Pool I and Pool II Mortgage to be recorded in the relevant real property recording office for each such Mortgage or to deliver assignments of the Mortgages, in recordable form, to the Pool I and Pool II Co-Trustee, together with an opinion of counsel, addressed to and acceptable to the Certificate Insurer, to the effect that recordation of such assignments is not necessary to perfect the interest of the Pool I and Pool II Co-Trustee in such Mortgages. The Custodian shall undertake such transfer and recording in a manner that will result in the completion of the transfer of all such Trustee's Mortgage Files relating to the Pool I and Pool II Mortgage Loans to the successor Custodian and the recording of such assignments of mortgage (or delivery of such opinion of counsel) within 30 days following the occurrence of an Assignment Event. From and after the occurrence of an Assignment Event, and the delivery of the Trustee's Mortgage Files relating to the Pool I and Pool II Mortgage Loans to the Pool I and Pool II Co-Trustee, the Pool I and Pool II Co- Trustee shall act as custodian or it may engage the services of another Person approved by the Certificate Insurer to act as Custodian. The Custodian hereby acknowledges that it is bailee of the Pool I and Pool II Co-Trustee and is holding all of the Trustee's Mortgage Files relating to the Pool I and Pool II Mortgage Loans delivered to it solely in trust for the Pool I and Pool II Co-Trustee. From time to time following delivery of the Trustee's Mortgage Files relating to the Pool I and Pool II Mortgage Loans to the Pool I and Pool II Co-Trustee pursuant to this Section 2.11, the Pool I and Pool II Co-Trustee may appoint a Custodian who is acceptable to the Certificate Insurer and the Trust Administrator. The Trust Administrator shall notify the Rating Agencies of any appointment of a successor Custodian.
Assignment Event. The first to occur of any of the following shall be an “Assignment Event” under this Agreement, upon which, as provided in Section 3.5, the Assignment (as defined in Section 3.2.5) shall be released and delivered to HTL from the Escrow (as defined in Section 3.5), provided that HTL is not in Default under this Agreement or any exhibits:
Assignment Event. 40 ARTICLE III
Assignment Event. Immediately upon the occurrence of any Assignment Event, the Representative or the Servicer shall notify the Indenture Trustee of such occurrence. Thereafter, unless the Rating Agency Condition is satisfied with respect to the Indenture Trustee's Loan Files remaining with the Custodian, the Custodian shall begin transferring all Indenture Trustee's Loan Files in its possession to the Indenture Trustee or its bailee. The Custodian shall undertake such transfer in a manner that will result in the completion of the transfer of all such Indenture Trustee's Loan Files to the Indenture Trustee within 30 days following the occurrence of an Assignment Event. From and after the occurrence of an Assignment Event, and the delivery of the Indenture Trustee's Loan Files to the Indenture Trustee, the Indenture Trustee shall act as Custodian or it may engage the services of another Person to act as Custodian. The Custodian hereby acknowledges that it is bailee of the Indenture Trustee and is holding all of the Indenture Trustee's Loan Files delivered to it solely in trust for the Indenture Trustee. From time to time following delivery of the Indenture Trustee's Loan Files to the Indenture Trustee pursuant to this Section 2.09, the Indenture Trustee may appoint a Custodian who is acceptable to the Trust Administrator. The Trust Administrator shall notify the Rating Agencies of any appointment of a successor Custodian.
Assignment Event. (i) The long-term senior unsecured debt rating of First Tennessee Bank National Association is not rated at least "BBB" by Standard & Poor's and at least "Baa2" by Moody's, or (ii) the oxxxxxxxce of an Event of Default which results in the termination of First Horizon Home Loan Corporation as Master Servicer hereunder.

Related to Assignment Event

  • Assignment; Change of Control Except as provided in this Section 10.2, this Agreement may not be assigned or otherwise transferred, nor may any right or obligation hereunder be assigned or transferred, by either Party without the consent of the other Party. […***…].

  • Assignment, Etc The Holder may assign or transfer this Note to any transferee at its sole discretion. This Note shall be binding upon the Company and its successors and shall inure to the benefit of the Holder and its successors and permitted assigns.

  • Assignment; Change in Control This Agreement may not be assigned by either party without the prior written approval of the other party, (such approval not to be unreasonably withheld) except in connection with (i) a merger, consolidation, or similar transaction involving (directly or indirectly) a party, (ii) a sale or other disposition of all substantially all of the assets of a party, or (iii) any other form of combination or reorganization involving (directly or indirectly) such party. Any purported assignment in violation of this section shall be void.

  • Assignment and Change of Control a. Seller shall not and shall cause its affiliates not to, directly, indirectly, voluntarily or involuntarily, in each case, whether by transfer, operation of law, Change of Control (as defined in subparagraph b below) or otherwise assign this Contract, assign any of its rights or interest in this Contract, delegate any of its obligations under this Contract, or subcontract for all or substantially all of its performance of this Contract (each, an “Assignment”), without Buyer’s prior written consent after advance written notice by Seller. No purported Assignment, with or without Buyer’s consent, shall relieve Seller of any of its obligations under this Contract or prejudice any rights or claims that Buyer may have against Seller, whether such obligations, rights or claims, as the case may be, arise before or after the date of any purported Assignment; provided however, that Seller may assign its right to monies due or to become due under this Contract, and this Article does not limit Seller’s ability to purchase standard commercial supplies or raw material in connection with its performance of this Contract.

  • Change of Control Repurchase Event If a Change of Control Repurchase Event (as defined below) occurs, unless the Issuer has exercised its right to redeem the Notes as described above or has defeased the Notes pursuant to Section 10.1 of the Original Indenture, the Issuer will be required to make an irrevocable offer to each Holder of Notes to repurchase all or any part (equal to or in excess of $2,000 and in integral multiples of $1,000 in excess thereof) of that Holder’s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased to, but not including, the date of repurchase. Within 30 days following a Change of Control Repurchase Event or, at the Issuer’s option, prior to a Change of Control (as defined below), but in either case, after the public announcement of the Change of Control, the Issuer will give, or shall cause to be given, a notice to each Holder, with a copy to the Trustee, describing the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event, offering to repurchase Notes on the payment date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is given, disclosing that any Note not tendered for repurchase will continue to accrue interest, and specifying the procedures for tendering Notes. The notice shall, if given prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on a Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice. The Issuer must comply with the requirements of Rule 14e-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the Notes, the Issuer will comply with the applicable securities laws and regulations and will not be deemed to have breached the obligations of the Issuer under the Change of Control Repurchase Event provisions of the Notes by virtue of such conflict. On the repurchase date following a Change of Control Repurchase Event, the Issuer will be required, to the extent lawful, to: (i) accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; (ii) deposit with the Paying Agent an amount equal to the aggregate purchase price in respect of all Notes or portions of Notes properly tendered; and (iii) deliver or cause to be delivered to the Trustee the Notes properly accepted, together with an Officers’ Certificate stating the aggregate principal amount of Notes being purchased. The Paying Agent will promptly distribute to each Holder of Notes properly tendered the purchase price for the Notes deposited by the Issuer. The Issuer will execute, and the Authenticating Agent will promptly authenticate and deliver (or cause to be transferred by book-entry) to each Holder a new note equal in principal amount to any unpurchased portion of any Notes surrendered provided that each new Note will be in a principal amount of an integral multiple of $1,000. The Issuer will not be required to make an offer to repurchase the Notes upon a Change of Control Repurchase Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Issuer and such third party purchases all Notes properly tendered and not withdrawn under its offer. As used in this Section 2.9, the terms set forth below shall have the following respective meanings:

  • Notification of Assignment of Receivables At any time following the occurrence of an Event of Default or a Default, Agent shall have the right to send notice of the assignment of, and Agent's security interest in, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral. Thereafter, Agent shall have the sole right to collect the Receivables, take possession of the Collateral, or both. Agent's actual collection expenses, including, but not limited to, stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel used for collection, may be charged to Borrowers' Account and added to the Obligations.

  • Transfer of Collateral upon Occurrence of Termination Event Upon the occurrence of a Termination Event and the transfer to the Purchase Contract Agent of the Senior Notes, the appropriate Applicable Ownership Interests in the Treasury Portfolio or the Treasury Securities, as the case may be, underlying the Corporate Units and the Treasury Units, as the case may be, pursuant to the terms of the Pledge Agreement, the Purchase Contract Agent shall request transfer instructions with respect to such Senior Notes, the appropriate Applicable Ownership Interests in the Treasury Portfolio or Treasury Securities, as the case may be, from each Holder by written request, substantially in the form of Exhibit D hereto, mailed to such Holder at its address as it appears in the Security Register. Upon book-entry transfer of the Corporate Units or the Treasury Units or delivery of a Corporate Units Certificate or Treasury Units Certificate to the Purchase Contract Agent with such transfer instructions, the Purchase Contract Agent shall transfer the Senior Notes, the appropriate Applicable Ownership Interests in the Treasury Portfolio or Treasury Securities, as the case may be, underlying such Corporate Units or Treasury Units, as the case may be, to such Holder by book-entry transfer, or other appropriate procedures, in accordance with such instructions. In the event a Holder of Corporate Units or Treasury Units fails to effect such transfer or delivery, the Senior Notes, the appropriate Applicable Ownership Interests in the Treasury Portfolio or Treasury Securities, as the case may be, underlying such Corporate Units or Treasury Units, as the case may be, and any distributions thereon, shall be held in the name of the Purchase Contract Agent or its nominee in trust for the benefit of such Holder, until the earlier to occur of:

  • Assignment of Option Except as otherwise permitted by the Committee, the rights of the Optionee under the Plan and this Agreement are personal; no assignment or transfer of the Optionee’s rights under and interest in this Option may be made by the Optionee otherwise than by will, by beneficiary designation, by the laws of descent and distribution or by a qualified domestic relations order; and this Option is exercisable during his lifetime only by the Optionee, except as otherwise expressly provided in this Agreement. After the death of the Optionee, exercise of the Option shall be permitted only by the Optionee’s designated beneficiary or, in the absence of a designated beneficiary, the Optionee’s executor or the personal representative of the Optionee’s estate (or by his assignee, in the event of a permitted assignment) to the extent that the Option is exercisable on or after the date of the Optionee’s death, as set forth in Sections 2(a) and 3(d) hereof.

  • ASSIGNMENT LIMITATION This Contract shall be binding upon and inure to the benefit of the parties and their successors and assigns; provided, however, that neither party shall assign its obligations hereunder without the prior written consent of the other.

  • Assignment of Account We may sell, assign, pledge or transfer this Agreement (including any addendum to this Agreement), your account or an interest in your account to a third party without notice to you. In the absence of a notice of such sale or transfer, you must continue to make all required payments to us in accordance with your billing statement.

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