Assignment for Collateral Purposes Sample Clauses

The "Assignment for Collateral Purposes" clause allows a party to transfer its rights or interests under an agreement to a third party as security for a loan or other financial obligation. In practice, this means that if a party needs to secure financing, it can assign its contractual rights—such as payment streams or receivables—to a lender as collateral, without transferring full ownership or control. This clause facilitates access to credit by enabling parties to leverage their contractual rights as security, while also clarifying that such assignments are limited to collateral purposes and do not constitute a full transfer of the underlying agreement.
Assignment for Collateral Purposes. 1) The title of collateral provided against the transactions conducted in the Market has been transferred to Takasbank by the Member for collateral purposes. The title shall be transferred to Takasbank upon transferring the asset values subject to collateral to the relevant accounts. 2) The Member’s lack of power of disposition on the asset values subject to collateral that it has delivered to Takasbank shall not prevent Takasbank from a bona fide real right acquisition pursuant to article 79 of the Capital Markets Law No. 6362. 3) The responsibility for any loss that might be incurred due to the Member’s lack of power of disposition on the collateral that it has delivered to Takasbank shall belong to the Member and no liability thereof can be attributed to Takasbank.
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Assignment for Collateral Purposes. Notwithstanding anything contained in this Agreement to the contrary, Manager, and every permitted successor and assign of Manager, shall have the right to assign its interest in this Agreement without Association's prior consent to an entity providing loan financing to Manager, solely for projects and expenses related to the Property, (“Lender”), provided that: (a) no Event of Default has occurred and remains uncured under this Agreement; and (b) all rights acquired by the Lender shall be subject to each of the provisions set forth in this Agreement and to all rights and interests of the Association herein. If, from time to time, Manager or Manager's permitted successors or assigns shall assign this Agreement in favor of a Lender (including any extensions, modifications, amendments, replacements, supplements, renewals, and refinancing thereof, a “Lender Assignment”), and if the holder of a Lender Assignment ("Holder") delivers to Association an executed counterpart of such Lender Assignment, together with each assignment thereof, together with written notice specifying the name and address of the Holder and, if applicable, the pertinent recording data with respect to the Lender Assignment, Association agrees that, anything in this Agreement to the contrary notwithstanding, from and after the date of receipt by Association of such notice and for the duration of the term of such Lender Assignment, the provisions of this Sections 13.2 through Section 13.9, inclusive, shall apply. Notwithstanding anything to the contrary in this Agreement, following the date when ▇▇▇▇▇▇ succeeds to the interests of Manager hereunder, if ever, Association shall have the right to provide Holder a “Notice to Cure” at any time during the remainder of the Agreement Term if (i) the Holder or its appointed manager does not have the skill, experience professional resources and financially ability to perform under this Agreement, and (ii) the Holder or its appointed manager does not pay a Profit Share for two consecutive years equal to or greater than 90% of the Profit Share paid by Manager for any two consecutive year period (any amount less than 90% being the “Profit Share Deficiency”). Holder shall have 120 days from the date of receipt of a Notice to Cure to address the items identified in the Notice to Cure to Association’s reasonable satisfaction, including, if Holder elects in its sole discretion, to pay to the Association any Profit Share deficiency, failing which, at the end ...
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Assignment for Collateral Purposes. 1) The title of collateral provided against the transactions conducted in the Market has been transferred to Takasbank by the Member for collateral purposes. The title shall be transferred to Takasbank upon transferring the asset values subject to collateral to the relevant accounts. The Member accepts, declares and undertakes that it has the right of disposition, pursuant to the contracts it has executed with its customer, on collateral it has received from its customer and delivered to Takasbank for the transactions it has conducted in the Market on behalf of its customer. 2) The Member’s lack of power of disposition on the asset values subject to collateral that it has delivered to Takasbank shall not prevent Takasbank from a bona fide real right acquisition pursuant to article 79 of the Capital Markets Law No. 6362. 3) The responsibility for any loss that might be incurred due to the Member’s lack of power of disposition on the collateral that it has delivered to Takasbank shall belong to the Member and no liability thereof can be attributed to Takasbank.
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Related to Assignment for Collateral Purposes

  • Assignment of Collateral There is no material collateral securing any Mortgage Loan that has not been assigned to the Purchaser.

  • Delivery of Additional Collateral If at any time the Custodian shall notify a Fund by Written Notice that the fair market value of the Collateral securing any Overdraft Obligation of one of such Fund's Portfolios is less than the amount of such Overdraft Obligation, such Fund, on behalf of the applicable Portfolio, shall deliver to the Custodian, within one (1) Business Day following the Fund's receipt of such Written Notice, an additional Pledge Certificate describing additional Collateral. If such Fund shall fail to deliver such additional Pledge Certificate, the Custodian may specify Collateral which shall secure the unsecured amount of the applicable Overdraft Obligation in accordance with Section 3 of this Appendix C.

  • Possession and Use of Collateral Subject to the provisions of the Security Documents, the Issuer and the Guarantors shall have the right to remain in possession and retain exclusive control of and to exercise all rights with respect to the Collateral (other than monies or U.S. government obligations deposited pursuant to Article VIII, and other than as set forth in the Security Documents and this Indenture), to operate, manage, develop, lease, use, consume and enjoy the Collateral (other than monies and U.S. government obligations deposited pursuant to Article VIII and other than as set forth in the Security Documents and this Indenture), to alter or repair any Collateral so long as such alterations and repairs do not impair the creation or perfection of the Lien of the Security Documents thereon, and to collect, receive, use, invest and dispose of the reversions, remainders, interest, rents, lease payments, issues, profits, revenues, proceeds and other income thereof.

  • Additional Collateral (a) With respect to any Capital Stock of any newly created or acquired Subsidiary or any newly issued Capital Stock of any existing Subsidiary acquired after the Original Closing Date by the Borrower or any of its Subsidiaries that is intended to be subject to the Lien created by any of the Pledge Agreements but which is not so subject, promptly (and in any event within 30 days after the acquisition thereof): (i) execute and deliver to the Administrative Agent such amendments to the relevant Pledge Agreements or such other documents as the Administrative Agent shall deem necessary or advisable to grant to the Administrative Agent, for the benefit of the Lenders, a Lien on such Capital Stock, (ii) take all actions necessary or advisable to cause such Lien to be duly perfected in accordance with all applicable Requirements of Law, including delivering all such original certificates evidencing such Capital Stock to the Administrative Agent together with undated stock powers executed in blank therefor, and (iii) if requested by the Administrative Agent or the Required Lenders, deliver to the Administrative Agent legal opinions relating to the matters described in clauses (i) and (ii) immediately preceding, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. Notwithstanding the foregoing, the Borrower shall not be required to grant to the Administrative Agent a Lien upon the Capital Stock of any Immaterial Subsidiary. (b) With respect to any Person that, subsequent to the Original Closing Date, becomes a direct or indirect Subsidiary of the Borrower, promptly (and in any event within 30 days after such Person becomes a Subsidiary): (i) cause such new Subsidiary to become a party to the Subsidiary Pledge Agreement and the Subsidiary Guarantee and (ii) if requested by the Administrative Agent or the Required Lenders, deliver to the Administrative Agent legal opinions relating to the matters described in clause (i) immediately preceding, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. Notwithstanding the foregoing, no Immaterial Subsidiary or Foreign Subsidiary of the Borrower shall be required to execute a Subsidiary Guarantee or Subsidiary Pledge Agreement, and no more than 65% of the Capital Stock of or equity interests in any Foreign Subsidiary of the Borrower or any of its Subsidiaries if more than 65% of the assets of such Subsidiary are securities of foreign companies (such determination to be made on the basis of fair market value), shall be required to be pledged hereunder.

  • Substitution of Collateral A Fund may substitute securities for any securities identified as Collateral by delivery to the Custodian of a Pledge Certificate executed by such Fund on behalf of the applicable Portfolio, indicating the securities pledged as Collateral.