On the Assignment Date Clause Samples

On the Assignment Date. (a) each of the Issuer and the assignor VRR Lender shall be released from further obligations towards one another under this Agreement in respect of the VRR Loan being assigned and their respective rights against one another under this Agreement in respect of the VRR Loan being assigned shall be cancelled (being the Discharged Rights and Obligations); (b) the Issuer and the assignee VRR Lender shall assume obligations towards one another and/or acquire rights against one another which differ from the Discharged Rights and Obligations only insofar as the Issuer and the assignee VRR Lender have assumed and/or acquired the same in place of the Issuer and the assignor VRR Lender; (c) the Trustee and the assignee VRR Lender shall acquire the same rights and assume the same obligations between themselves as they would have acquired and assumed had the assignee VRR Lender been the assignor VRR Lender with the rights and/or obligations acquired or assumed by it as a result of the transfer and to that extent the Trustee and the assignor VRR Lender shall each be released from further obligations to each other under this Agreement; (d) the assignee VRR Lender shall indicate, in the documentation which it executes on becoming a VRR Lender, that either (i) it is within the charge to Irish corporation tax on the interest payable on the VRR Loan or (ii) in respect of interest payable on the VRR Loan it is subject without any reduction computed by reference to the amount of such interest to tax in a Relevant Territory which generally applies to profits, income or gains received in that territory by persons from sources outside that territory; and (e) subject to the satisfaction of the conditions in clauses 14.1 (Assignment by the VRR Lender) and 14.2 (Conditions of Assignment), the assignee VRR Lender shall become a Party as a VRR Lender.
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Related to On the Assignment Date

  • The Assignment On or prior to the Purchase Date, World Omni will execute and deliver the RPA Assignment.

  • Deed; ▇▇▇▇ of Sale; Assignment To the extent required and permitted by applicable law, this Agreement shall also constitute a “deed,” “▇▇▇▇ of sale” or “assignment” of the assets and interests referenced herein.

  • Sale and Assignment On the terms and conditions set forth herein, effective on and as of the Assignment Date, the Assignor hereby sells, assigns and transfers to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, all of the right, title and interest of the Assignor in and to, and all of the obligations of the Assignor in respect of, the Assigned Interest. Such sale, assignment and transfer is without recourse and, except as expressly provided in this Agreement, without representation or warranty.

  • ▇▇▇▇ of Sale and Assignment ▇▇▇▇ of Sale and Assignment for the Property (the “▇▇▇▇ of Sale”) executed by Seller and Purchaser assigning to Purchaser the Tangible Personal Property, in the form attached to this Agreement as Exhibit D.

  • Transfer/Assignment (A) Subject to compliance with clause (B) of this Section 7, this Warrant and all rights hereunder are transferable, in whole or in part, upon the books of the Company by the registered holder hereof in person or by duly authorized attorney, and a new warrant shall be made and delivered by the Company, of the same tenor and date as this Warrant but registered in the name of one or more transferees, upon surrender of this Warrant, duly endorsed, to the office or agency of the Company described in Section 3. All expenses (other than stock transfer taxes) and other charges payable in connection with the preparation, execution and delivery of the new warrants pursuant to this Section 7 shall be paid by the Company. (B) The transfer of the Warrant and the Shares issued upon exercise of the Warrant are subject to the restrictions set forth in Section 4.4 of the Purchase Agreement. If and for so long as required by the Purchase Agreement, this Warrant shall contain the legends as set forth in Section 4.2(a) of the Purchase Agreement.