Assignment of Invoices Sample Clauses

The Assignment of Invoices clause allows a party, typically the seller or service provider, to transfer its right to receive payment under an invoice to a third party, such as a financial institution or factoring company. This clause outlines the conditions under which such assignments are permitted, including any required notifications to the other contracting party and any restrictions on assignment. Its core practical function is to facilitate the seller’s access to immediate cash flow by enabling them to monetize outstanding receivables, while also ensuring that the buyer is aware of and can properly direct payment to the new party.
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Assignment of Invoices. You hereby assign (or if such assignment is ineffective for any reason you will undertake to pledge) to us on the terms of the Agreement:
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Assignment of Invoices. Except with Company's written consent, which may be withheld for any reason including convenience (but subject to Section 7.1 of the Master Contract), Contractor shall not assign its invoices or any right to receive payment from Company under this Master Contract to any third party, and any attempt to do so shall be absolutely void and shall relieve Company from liability for payment of same. Contractor may pledge its receivables under this Master Contract, provided that the same shall be expressly subordinate to Company's claims and rights under this Master Contract, including the right of offset set forth in Section 3.8.
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Assignment of Invoices. The ACP Carrier acknowledges and consents to the assignment and sale of invoices on the TessPay Platform to a Platform Factor purchased by such Platform Factor. Assignment of this Agreement The ACP Carrier may not assign this Agreement without the consent of TessPay Services which consent may be withheld arbitrarily. TessPay Services may assign this Agreement, without the consent of the ACP Carrier provided that such assignment is made to an Affiliate or to any successor in a merger or acquisition of TessPay Inc. or such Affiliate.
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Assignment of Invoices. 2.1 You hereby assign (or if such assignment is ineffective for any reason you will undertake to pledge) to us on the terms of the Agreement: 2.1.1 all your Invoices which are outstanding on the Start Date; and 2.1.2 all your Invoices, which arise after the Start Date until the Agreement terminates, from the list of Customers set out in Annex I to these Operating Conditions, as agreed and amended by the parties from time to time. In order to perfect the assignment of the Invoices as referred to in 2.1.1 you will notify in writing, in accordance with the notification form set out in Annex III to these Operating Conditions, all Customers set out in Annex I to these Operating Conditions of the assignment of their Invoices to us and, insofar as necessary, you hereby provide us the authority to effect such notification ourselves, in the event you fail to deliver such notifications. In order to perfect the assignment of the Invoices as referred to in 2.1.2 you will execute a deed of assignment substantially in accordance with the form of agreement as set out in Annex II to these Operating Conditions, and notify in writing all Customers as set out in Annex I to these Operating Conditions of the assignment of their Invoices to us in the form set in Annex III and, insofar as necessary, you hereby provide us the authority to effect such notification ourselves, in the event you fail to deliver such notifications. Neither of us needs to take any further action to transfer to us ownership of your current and future Invoices assigned by this clause. At the same time as you assign your Invoices to us, you also assign (and will offer to assign) to us Related Rights in relation to those Invoices. We will credit to your Current Account the Notified Value of any Invoices and their Related Rights so assigned by you to us. Neither of us needs to take any other further action to transfer to us such Related Rights, but you agree to deliver such further documents and take such further actions as we may reasonably require in furtherance of the Agreement in regard to the transfer of such Related Rights. It is specified that in the case of Related Rights which are constituted by negotiable instruments such as bills of exchange, drafts and notes, such instruments will be endorsed to our favour upon the assignment of the corresponding Invoices, in view of collection of such instruments on their maturity dates. 2.2 If an Invoice or its Related Rights is for any reason not formally assi...
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Assignment of Invoices. The Platform Carrier acknowledges and consents to the assignment and sale of invoices pursuant to Smart Contracts by the Platform Carrier to a Platform Factor in respect of Smart Contracts purchased by such Platform Factor. The assignment will be clearly printed on each of the invoices.
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Related to Assignment of Invoices

  • Assignment of Inventions Subject to Sections 2.4, and 2.6, I hereby assign and agree to assign in the future (when any such Inventions or Proprietary Rights are first reduced to practice or first fixed in a tangible medium, as applicable) to the Company all my right, title and interest in and to any and all Inventions (and all Proprietary Rights with respect thereto) whether or not patentable or registrable under copyright or similar statutes, made or conceived or reduced to practice or learned by me, either alone or jointly with others, during the period of my employment with the Company. Inventions assigned to the Company, or to a third party as directed by the Company pursuant to this Section 2, are hereinafter referred to as “Company Inventions.”

  • Assignment of Insurance As additional security for the payment and performance of the Obligations, the Borrower hereby assigns to the Lender any and all monies (including, without limitation, proceeds of insurance and refunds of unearned premiums) due or to become due under, and all other rights of the Borrower with respect to, any and all policies of insurance now or at any time hereafter covering the Collateral or any evidence thereof or any business records or valuable papers pertaining thereto, and the Borrower hereby directs the issuer of any such policy to pay all such monies directly to the Lender. At any time, whether or not a Default Period then exists, the Lender may (but need not), in the Lender's name or in the Borrower's name, execute and deliver proof of claim, receive all such monies, endorse checks and other instruments representing payment of such monies, and adjust, litigate, compromise or release any claim against the issuer of any such policy.

  • 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 of Overtime 3.4.1 Overtime shall be assigned on a rotating seniority basis among all qualified employees who are in the same classification, the same organizational unit, and at the same work location. An employee may decline an overtime assignment without adverse consequence unless it is assigned pursuant to Section 3.4.2 below. The department may define the group of qualified employees by their shift for purposes of assigning overtime so that call back pay is not obligated. In order to determine if an employee is qualified, the department should consider the employee’s work record in the department, including being in an unsatisfactory status on a current evaluation or having a formal discipline action in process. 3.4.2 If no employee in the classification, organization unit and work location accepts the overtime assignment, using the rotating seniority process, the District may assign the overtime in reverse rotating seniority order. 3.4.3 The following are allowable exceptions to the seniority overtime assignment process: When overtime is authorized for completion of a specific assignment, project, or work in progress, the employee who began the assignment, project, or work may be assigned the overtime; When the District determines it is necessary to consider special skills and training of employees to perform particular work; When employees are available to perform the work on a non-over-time basis, the District shall not be required to assign the work on an overtime basis. Overtime pay assignments will not be given to temporary employees unless the regular employees that would normally be assigned the overtime are not available or one of the seniority exceptions apply. 3.4.4 All overtime shall be offered to everyone on the applicable overtime list in descending order of seniority until the list is exhausted. Once the last name on the list is reached the process will resume from the top of the list. If an employee is offered overtime for a scheduled project and declines to accept, the employee forfeits his/her turn in the rotation. That employee will not be offered overtime until the list has been completed and his/her name comes up again in order of seniority. 3.4.5 Notice of scheduled overtime, for situations that are recurring or have advance notice, and which are offered on a rotational basis shall be posted in the same area as all required employment notices and announcements and will remain up until the work has been completed. Posting shall be on a form agreed to by the District and CSEA. Employee responses to the overtime posting shall be on a form agreed to by the District and CSEA. In lieu of posting, an organizational work unit may use electronic communications when all employees in such unit regularly use electronic communication. All such notices whether posted or sent by electronic communication will contain a description of the work to be done, the anticipated length of time to accomplish the work, the date(s) on which the work will be scheduled, and the date and time of posting. The notice shall be posted within a reasonable time of the District learning of the overtime work. Records will be maintained of all notices, employee responses, and overtime assignments for a period of three years.

  • Assignment of Agreement The following conditions must be satisfied in order to effectuate any assignment of this Agreement: (i) This Agreement may only be transferred through a book entry system maintained by Principal Life, or an agent designated by it, within the meaning of Temporary Treasury Regulations Section 5f.103-1(c) and Treasury Regulations Section 1.871-14(c)(1)(i). (ii) The Agreement Holder, and any assignee, must comply with applicable securities laws. (iii) Principal Life has consented in writing to the proposed assignment, such consent not to be unreasonably withheld. (iv) Principal Life shall have received from the proposed assignee a duly executed certificate containing, in substance, the information, representations, warranties, acknowledgments and agreements set forth in this Agreement. Any attempted sale, transfer, anticipation, assignment, hypothecation, or alienation not in accordance with this Section 6 shall be void and of no effect. Until such time, if any, as Principal Life has consented in writing to a proposed assignment, Principal Life shall not be obligated to make any payments to or at the direction of anyone other than the person shown on Principal Life’s books and records as the Agreement Holder. Once the foregoing conditions have been satisfied with respect to an assignment, the assignee or its successor shall be deemed to be the sole Agreement Holder for all purposes of this Agreement and Principal Life shall promptly amend its records to reflect the assignee’s status as Agreement Holder.