Assignment of Judgment Sample Clauses

The Assignment of Judgment clause allows a party who has obtained a court judgment to transfer their rights to collect on that judgment to another individual or entity. In practice, this means that the original judgment holder can assign their interest in the judgment, such as the right to receive payment or enforce the judgment, to a third party, often in exchange for immediate payment or other consideration. This clause facilitates the transferability of legal claims, enabling the original party to realize value from a judgment without waiting for full collection, and allowing assignees to pursue collection efforts directly.
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Assignment of Judgment. In return for the sum of $50,000.00 and the other consideration recited herein, Assignor shall assign to Assignee that certain Final Judgment in the case styled Super Vision International, Inc. v. ▇▇▇▇ ▇▇▇▇▇▇ et. al., Orange County Circuit Court Case No. CI-99-9392, and for which the Final Judgment (the “Judgment”) was recorded in Official Records Book 06965, Pages 0753-0760 of the Public Records of Orange County, Florida. Assignment shall take place via that certain Assignment of Judgment (the “Assignment”) attached hereto and by this reference incorporated herein.
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Related to Assignment of Judgment

  • 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.

  • Assignment of Agreements Each applicable Borrower shall have executed and delivered to Lender the Assignments of Agreements, and the Assignments of Agreements shall, to the extent prudent pursuant to local practice, have been irrevocably delivered to an authorized title agent for the Title Insurer for such recordation in the appropriate filing offices in the jurisdiction in which the applicable Individual Property is located.

  • Non-Assignment of Agreement The Grantee may not assign, sublicense or otherwise transfer its rights, duties or obligations under this Agreement without the prior written consent of the Division, which shall not unreasonably be withheld. The agreement transferee must demonstrate compliance with the requirements of the project. If the Division approves a transfer of the Grantee’s obligations, the Grantee shall remain liable for all work performed and all expenses incurred in connection with this Agreement. In the event the Legislature transfers the rights, duties and obligations of the Division to another governmental entity, pursuant to Section 20.06, Florida Statutes or otherwise, the rights, duties and obligations under this Agreement shall be transferred to the succeeding governmental agency as if it was the original party to this Agreement.

  • Assignment of Rights Borrower acknowledges and understands that Agent or Lender may, subject to Section 11.7, sell and assign all or part of its interest hereunder and under the Loan Documents to any Person or entity (an “Assignee”). After such assignment the term “Agent” or “Lender” as used in the Loan Documents shall mean and include such Assignee, and such Assignee shall be vested with all rights, powers and remedies of Agent and Lender hereunder with respect to the interest so assigned; but with respect to any such interest not so transferred, Agent and Lender shall retain all rights, powers and remedies hereby given. No such assignment by Agent or Lender shall relieve Borrower of any of its obligations hereunder. Lender agrees that in the event of any transfer by it of the Note(s)(if any), it will endorse thereon a notation as to the portion of the principal of the Note(s), which shall have been paid at the time of such transfer and as to the date to which interest shall have been last paid thereon.

  • ASSIGNMENT OF DEBTS 29 Unless this Agreement is followed without interruption by another Agreement between the parties 30 hereto for the same services and substantially the same scope, at the termination of this Agreement, 31 CONTRACTOR shall assign to COUNTY any debts owing to CONTRACTOR by or on behalf of 32 persons receiving services pursuant to this Agreement. CONTRACTOR shall immediately notify by 33 mail each of these persons, specifying the date of assignment, the County of Orange as assignee, and the 34 address to which payments are to be sent. Payments received by CONTRACTOR from or on behalf of 35 said persons, shall be immediately given to COUNTY. 36 // 37 //