Continuing Assignment Clause Samples
A Continuing Assignment clause establishes that certain rights, interests, or obligations—often related to assets, intellectual property, or contractual benefits—are assigned on an ongoing basis rather than as a one-time transfer. In practice, this means that as new assets or rights are acquired or come into existence during the term of the agreement, they are automatically included in the assignment without the need for additional documentation. This clause ensures that the assignee consistently receives the benefit of all relevant assets or rights, solving the problem of having to repeatedly execute new assignments for each subsequent acquisition.
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Continuing Assignment. This Collateral Assignment shall --------------------- remain in full force and effect and shall be binding on the Assignee, its successors and assigns until all present and future Obligations of the Assignor to the Assignee have been satisfied in full.
Continuing Assignment. The pledge and assignment embodied in this Agreement (the “Assignment”) shall continue in full force and effect during the term of the Credit Card Agreement and the Visa Card Account and until such time as all outstanding Obligations have been fully paid and satisfied. The Bank is irrevocably authorized, without the consent of or notice to the Pledgor, to extend, renew and redeposit automatically the Collateral at the termination of each time period for such term(s) and under such conditions as the Bank deems appropriate, in its sole discretion, until such time as all Obligations to the Bank are repaid in full.
Continuing Assignment. This Agreement shall create a continuing assignment of, Lien on and security interest in each and all of the Collateral and shall (a) remain in full force and effect until the Termination Date; (b) be binding upon Pledgor, its successors and permitted assigns, as applicable, and (c) inure to the benefit of Pledgee and its successors, transferees and assigns. Pledgor may not assign or transfer any or all of its rights and obligations hereunder without the express written consent of Pledgee.
Continuing Assignment and Security Interest; [for Project Owners only: Transfer of Guaranty]............................................................................................... 9 15.
Continuing Assignment. Assignor’s transfer of any Claims data to Assignee in accordance with Section 2.1, constitutes Assignor’s affirmative election to assign, and to continue to assign, to Assignee all causes of action and Claims reimbursement and recovery rights arising from said transferred Claims data, shall constitute the grant, assignment, and conveyance of all right, title, and interest in and to the Claims identified or arising from the Assignor’s transferred data, and shall constitute Assigned Claims.