Reference to Assignment Sample Clauses
A Reference to Assignment clause defines how and under what conditions a party to the contract may transfer its rights or obligations to another party. Typically, this clause specifies whether assignments are permitted, require prior written consent, or are restricted entirely, and may outline exceptions such as assignments in connection with a merger or sale of business. Its core practical function is to provide clarity and control over the transferability of contractual interests, thereby protecting parties from unwanted changes in who they are dealing with under the agreement.
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Reference to Assignment. Reference is hereby made to the Assignment and Acceptance (the "Assignment") dated as of even date herewith between Fleet National Bank, in its capacity as a Lender under the Credit Agreement, and [HSBC Bank USA]. The assignment and assumption referred to in the Assignment is acknowledged to have occurred simultaneously herewith. The Amended Credit Agreement reflects such assignment and assumption.
Reference to Assignment. All Leases hereafter executed with respect to the Property or any portion thereof shall contain a reference to this Deed of Trust and the assignment of leases hereunder and shall state that such lessee shall be bound by and shall comply with the provisions of Article 2 hereof.