Assignments of Interest Sample Clauses

Assignments of Interest. Assignments, transfers, hypothecations or conveyances of any right, title or interest in Escrow Property are only binding upon Escrow Agent if written notice is served by Depositors and received by Escrow Agent, all of Escrow Agent's additional fees and expenses are paid, and Escrow Agent has given its assent.
Sample 1
AutoNDA by SimpleDocs
Assignments of Interest. The Parties mutually represent and warrant to each other that they have not assigned, subrogated, or otherwise transferred any interest in any claims that are related in any way to the subject matter of this Agreement.
Sample 1
Assignments of Interest. (a) Any Member may sell, assign, pledge or otherwise transfer or encumber (collectively “transfer”) all or any part of its Interest in the Company to any person or entity and upon such transfer, the transferee shall be, without the requirement of any further action, amended as a Member with respect to the Interest so transferred and shall be deemed bound by all of the terms and provisions of this Agreement.
Sample 1
Assignments of Interest. (a) Upon the Completion or plugging and abandonment of each Obligation Well (or an applicable substitute well), EDC shall assign to Stratex an undivided working interest equal to Stratex’s After First Sales Revenue Interest in and to the Initial Prospect Leases, BUT ONLY to the extent that the Initial Prospect Leases cover and include the Drilling Unit associated with such Obligation Well, pursuant to an assignment, xxxx of sale, and conveyance substantially in the form attached as Exhibit “D” to this JDA (the “Conveyance”), delivering a net revenue interest of seventy-eight percent (78%) (based on a working interest of 100%), proportionately reduced to the working interest in the relevant Initial Prospect Leases being conveyed to Stratex.
Sample 1
Assignments of Interest. 4.1 If and when any Test Well is completed as a well capable of production, at Farmee’s request, Farmor shall execute and deliver to Farmee the following assignments as may be appropriate, to wit:
Sample 1
Assignments of Interest. 5.1. When the Test Well has been drilled to Casing Point and the logging, coring, and testing provided in Section 3.3.(f) have been completed, and Argyle has complied with all of the terms and provisions of this Agreement, Dragon shall assign to Argyle, by recordable instrument of conveyance in form and substance identical to the form of Assignment of Oil and Gas Leases attached hereto as Exhibit "II" (the "Lease Assignment"), an undivided seventy-five percent (75%) interest in and to (a) the Leases, (b) the Test Well and all oil, gas and related hydrocarbons produced, saved, and marketed there from, (c) all other personal property and equipment located on the Leases, and (d) all appurtenances thereto. For purposes of this Agreement, the referenced percentage shall sometimes be referred to herein as Argyle's "Lease Ownership Percentage."
Sample 1
Assignments of Interest. The Member may transfer all or part of his interest in the Company.
Sample 1
AutoNDA by SimpleDocs
Assignments of Interest. Concurrently with the execution of this Agreement, (a) Farmors have assigned to Chesapeake an undivided seventy-five percent (75%) of the rights, titles, and interests of Farmors in and to Area I; and (b) Vaquero Partners has assigned to Chesapeake an undivided seventy-five percent (75%) interest in and to Area II. Both conveyances have been made by recordable instrument of conveyance substantially in the form attached hereto as Exhibit II (collectively, the "Lease Assignments"). Farmors and Chesapeake understand that not all owners of the leasehold estate in Area I elected to join with Farmors in the execution of this Agreement, with the result that the aggregate undivided interest of Farmors in Area I immediately prior to the execution of this Agreement was an undivided eighty percent (80%). Farmors have retained, and the relevant Lease Assignment does not purport to convey to Chesapeake, an undivided twenty-five percent (25%) of the rights, titles, and interests of Farmors in and to Area I. Similarly, Vaquero Partners has retained, and the relevant Lease Assignment does not purport to convey to Chesapeake, an undivided twenty-five percent (25%) interest in and to Area II. As the result of the Lease Assignments, Area I shall be owned (including, without limitation, the interests of those interest owners who are not parties to this Agreement) in the percentages set forth inExhibit I under "Area I", and Area II shall be owned in the percentages set forth in Exhibit I under "Area II". As to each Farmor and Chesapeake, such percentage shall be referred to as such Party's "Ownership Percentage".
Sample 1

Related to Assignments of Interest

  • Assignment of Interest The lessee may not assign or sublet any interest held under this lease, including a security interest, without the prior written approval of the lessor. The lessor may approve such assignment or subletting if the lessor finds it to be in the best interest of the state. No such assignment or subletting will be effective until approved by the lessor in writing, and the assignee agrees to be subject to and governed by the provisions of this lease, any subsequent amendments to this lease, any additional stipulations, or reappraisal as deemed appropriate by the lessor, and all applicable laws, regulations, and ordinances in the same manner as the original lessee. No assignment or subletting of the leasehold, or any portion thereof, by the lessee will annul the lessee's obligation to pay the compensation required for the full term of this lease. Except as provided in this lease, no subdivision of the leasehold interest may occur without the prior written approval of the lessor.

  • Payments of Interest Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law.

  • Assignment of Interests Except as otherwise provided in this Agreement, no Member or other person holding any interest in the Company may assign, pledge, hypothecate, transfer or otherwise dispose of all or any part of their interest in the Company, including without limitation, the capital, profits or distributions of the Company without the prior written consent of the other Members in each instance. The Members agree that no Member may voluntarily withdraw from the Company without the unanimous vote or consent of the Members. A Member may assign all or any part of such Member’s interest in the allocations and distributions of the Company to any of the following (collectively the “permitted assignees”): any person, corporation, partnership or other entity as to which the Company has given consent to the assignment of such interest in the allocations and distributions of the Company by the affirmative vote or consent of Members holding a majority of the Members’ Percentage Interests. An assignment to a permitted assignee shall only entitle the permitted assignee to the allocations and distributions to which the assigned interest is entitled, unless such permitted assignee applies for admission to the Company and is admitted to the Company as a Member in accordance with this Agreement. An assignment, pledge, hypothecation, transfer or other disposition of all or any part of the interest of a Member in the Company or other person holding any interest in the Company in violation of the provisions hereof shall be null and void for all purposes. No assignment, transfer or other disposition of all or any part of the interest of any Member permitted under this Agreement shall be binding upon the Company unless and until a duly executed and acknowledged counterpart of such assignment or instrument of transfer, in form and substance satisfactory to the Company, has been delivered to the Company. No assignment or other disposition of any interest of any Member may be made if such assignment or disposition, alone or when combine with other transactions, would result in the termination of the Company within the meaning of Section 708 of the Internal Revenue Code or under any other relevant section of the Code or any successor statute. No assignment or other disposition of any interest of any Member may be made without an opinion of counsel satisfactory to the Company that such assignment or disposition is subject to an effective registration under, or exempt from the registration requirements of, the applicable Federal and State securities laws. No interest in the Company may be assigned or given to any person below the age of 21 years or to a person who has been adjudged to be insane or incompetent. Anything herein contained to the contrary, the Company shall be entitled to treat the record holder of the interest of a Member as the absolute owner thereof, and shall incur no liability by reason of distributions made in good faith to such record holder, unless and until there has been delivered to the Company the assignment or other instrument of transfer and such other evidence as may be reasonably required by the Company to establish to the satisfaction of the Company that an interest has been assigned or transferred in accordance with this Agreement. (Check One) ☐ - SINGLE-MEMBER: Ownership of Company Property. The Company’s assets shall be deemed owned by the Company as an entity, and the Member shall have no ownership interest in such assets or any portion thereof. Title to any or all such Company assets may be held in the name of the Company, one or more nominees or in “street name”, as the Member may determine. Except as limited by the Statutes, the Member may engage in other business ventures of any nature, including, without limitation by specification, the ownership of another business similar to that operated by the Company. The Company shall not have any right or interest in any such independent ventures or to the income and profits derived therefrom.

  • Payments of Interest and Principal (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A(2015-1) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A(2015-1) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class A(2015-1) Notes shall be made as set forth in Section 1102 of the Indenture.

  • Repayment of Interest and Principal Except as otherwise provided herein, the Company will repay the outstanding principal amount of this Note within fourteen (14) Business Days of the Offering Funding Date (the “Maturity Date”). This Note does not bear interest. At the option of the Lender, funds available for repayment of the loan may be held in a Company account, interest free, after the Maturity Date. Such funds shall not be used or otherwise pledged until such time as the Company and Lender have entered into another note.

  • Computations of Interest All computations of interest on Eurodollar Loans and other amounts (other than Base Rate Loans) hereunder shall be made on the actual number of days elapsed over a year of 360 days, and all computations of interest on Base Rate Loans hereunder shall be made on the actual number of days elapsed over a year of 365 or 366 days, as applicable.

  • Transfer of Interest in Agreements The Purchaser has the right to assign its interest under this Agreement, in whole or in part, to the Trustee, as may be required to effect the purposes of the Pooling and Servicing Agreement, without the consent of the Seller, and the assignee shall succeed to the rights and obligations hereunder of the Purchaser. Any expense reasonably incurred by or on behalf of the Purchaser or the Trustee in connection with enforcing any obligations of the Seller under this Agreement will be promptly reimbursed by the Seller.

  • Payment of Interest; Interest Rights Preserved Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest. Any interest on any Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called "Defaulted Interest") shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

  • Payment of Interest The Borrower to which a Loan has been made shall pay accrued interest on that Loan on the last day of each Interest Period (and, if the Interest Period is longer than six Months, on the dates falling at six monthly intervals after the first day of the Interest Period).

  • Computations of Interest and Fees (a) Except as provided in the next succeeding sentence, interest on LIBOR Loans shall be calculated on the basis of a 360-day year for the actual days elapsed. Interest on ABR Loans shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed.

Time is Money Join Law Insider Premium to draft better contracts faster.