Security Assignment. The Buyers shall be entitled to assign their rights and obligations hereunder to Xxxxxxx Xxxxx Credit Partners, L.P. as part of their financing of the Down Payment-and the Sellers hereby confirm that they will acknowledge such assignment by signing and returning any Acknowledgement accompanied by a Notice of Assignment sent to them by the Buyers. Clause 38 The Shipbuilding Contract has been approved by the Buyers who in addition to their rights to the benefit of liquidated damages as described in Clause 25 above, shall retain all rights related to acceptance or rejection and cancellation and rescission therein such that the Sellers shall not exercise any right of rejection, cancellation or rescission under the Shipbuilding Contract without first obtaining the written consent of the Buyers. The Buyers shall thus have the right if they so elect to require Sellers to accept delivery of the vessel under the Shipbuilding Contract (and then give delivery to the Buyers thereunder) even if a right to reject, cancel or rescind has accrued under the Shipbuilding Contract. The Sellers The Buyers Golden Ocean Group Ltd Britannia Bulk Finance Limited By: Xxxxxx Billung By: Xxxxx Xxxxxx Title: Attorney-in-Fact Title: Director Appendix “A” to the Memorandum of Agreement dated 8 November 2007 Documents to be provided by the Sellers to the Buyers at time of signing of the Agreement
Security Assignment. Subject to Clause 2.6 (Property restricting charging):
Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee ______________ shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.
Security Assignment. 3.2.1 As further continuing security for the payment of the Secured Obligations, the Chargor assigns absolutely with full title guarantee to the Security Agent all its rights, title and interest, both present and future, from time to time in:
Security Assignment. The said TENANT hereby pledges and assigns to the Xxxxxx all furniture, fixtures, goods and chattels of said TENANT, which shall or may be brought or put on said premises as security for the said lien may be enforced by distress foreclosure or otherwise at the election of the said LANDLORD.
Security Assignment. (a) All the Collateral transferred in form of cash to the Business Account is assigned for collateral purpose by the Registered Participant to, and in favour of, the Allocation Platform as continuing security for the due and full payment and discharge of the Secured Liabilities. The Security Assignment constitutes an assignment for collateral purposes (transfert de propriété à titre de garantie), as provided for in Luxembourg law and/or the Collateral Law, over such Collateral.
Security Assignment. (a) In respect of the Security Assignment:
Security Assignment. Assignment of the Rights to be Assigned by the Assignor to the Assignee to secure the Secured Claim.
Security Assignment. The Additional Chargor, as continuing security for the payment of the Secured Obligations, assigns absolutely by way of security with full title guarantee to the UK Security Trustee all its right, title and interest from time to time in and to the Assigned Agreements, the Insurance Policies and all Related Rights, provided that on payment and discharge in full of the Secured Obligations the UK Security Trustee will re-assign the relevant Assigned Agreements to that Chargor (or as it shall direct) without delay and in a manner satisfactory to such Chargor (acting reasonably).
Security Assignment. 1.1 The Trustee hereby assigns to Netia Holdings all its rights arising from the Custody Account Agreement that the Trustee is entitled under the Agreement on Security Assignment of Rights, including, amongst others, its rights to the Investment Account, its rights to the Securities Register and its rights to the Cash Account ("RIGHTS"), and Netia Holdings accepts these Rights.
