Common use of PURPOSE OF THE ASSIGNMENT Clause in Contracts

PURPOSE OF THE ASSIGNMENT. The assignment hereunder is constituted in order to secure the prompt and complete satisfaction of any and all Obligations. The assignment shall also cover any future extension of the Obligations and the Assignor herewith expressly agrees that the assignment shall secure the Obligations as extended or increased from time to time.

Appears in 13 contracts

Samples: Global Assignment Agreement (RenPac Holdings Inc.), Global Assignment Agreement (RenPac Holdings Inc.), Global Assignment Agreement (RenPac Holdings Inc.)

AutoNDA by SimpleDocs

PURPOSE OF THE ASSIGNMENT. The assignment hereunder is constituted in order to secure the prompt and complete satisfaction of any and all Secured Obligations. The assignment shall also cover any future extension of the Secured Obligations and the Assignor herewith expressly agrees that the assignment shall secure the Secured Obligations as extended or increased from time to timetime (including, for the avoidance of doubt, any Incremental Facilities).

Appears in 2 contracts

Samples: Global Assignment Agreement (Axalta Coating Systems Ltd.), Global Assignment Agreement (Axalta Coating Systems Ltd.)

AutoNDA by SimpleDocs

PURPOSE OF THE ASSIGNMENT. The assignment hereunder is constituted in order to secure the prompt and complete satisfaction of any and all Secured Obligations. The assignment shall also cover any future extension of the Secured Obligations and the Assignor herewith expressly agrees that the assignment shall secure the Secured Obligations as extended or increased from time to time.

Appears in 1 contract

Samples: Assignment Agreement (WP Prism Inc.)

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