Common use of Assignment Price Clause in Contracts

Assignment Price. The Assignee shall, under this Assignment, pay to Assignee the amount of 75% of the face value of any Note under this Agreement within 12 months of the date of each assignment for the assignment, where the transfer of the Note(s) to Assignee shall occur no later than 5 business days after any relevant payment from Assignor to Borrower has been affected or on such other date as Assignee and Assignor shall agree and confirm in writing (the “Assignment Date”).

Appears in 2 contracts

Sources: Assignment of Convertible Promissory Note (Boatim Inc.), Assignment of Convertible Promissory Note (Boatim Inc.)