Transfer of Collateral. Bank may assign its rights in Collateral or any part thereof to any assignee who shall thereupon become vested with all the powers and rights herein given to Bank with respect to the property so transferred and delivered, and Bank shall thereafter be forever relieved and fully discharged from any liability with respect to such property so transferred, but with respect to any property not so transferred, Bank shall retain all rights and powers hereby given.
Appears in 13 contracts
Samples: Security Agreement (MTS Medication Technologies, Inc /De/), Loan Agreement (Gulfstream International Group Inc), Loan Agreement (Goldfield Corp)
Transfer of Collateral. The Bank may assign its rights in the Collateral or any part thereof thereof, to the assignee, as well as any assignee subsequent holder hereof, who shall thereupon become vested with all the powers and rights herein given to the Bank with respect to the property so transferred and delivered, and the Bank shall thereafter be forever relieved and fully discharged from any liability with respect to such property so transferred, but with respect to any property not so transferred, transferred the Bank shall retain all rights and powers hereby given.
Appears in 4 contracts
Samples: Loan Agreement (Sherwood Brands Inc), Security Agreement (Techforce Corp), Security Agreement (Optical Cable Corp)
Transfer of Collateral. The Bank may assign its rights in the Collateral or any part thereof to any assignee who shall thereupon become vested with all the powers and rights herein given to the Bank with respect to the property so transferred and delivered, and the Bank shall thereafter be forever relieved and fully discharged from any liability with respect to such property so transferred, but with respect to any property not so transferred, transferred the Bank shall retain all rights and powers hereby given.
Appears in 3 contracts
Samples: Loan Agreement (Ibs Interactive Inc), Execution (Emcore Corp), Security Agreement (Futech Interactive Products Inc)
Transfer of Collateral. The Bank may assign its rights right in the Collateral or any part thereof to any assignee who shall thereupon become vested with all the powers and rights herein given to the Bank with respect to the property so transferred and delivered, and the Bank shall thereafter be forever relieved and fully discharged from any liability with respect to such property so transferred, but with respect to any property not so transferred, transferred the Bank shall retain all rights and powers hereby given.
Appears in 2 contracts
Samples: Security Agreement (Optical Cable Corp), Security Agreement (Optical Cable Corp)
Transfer of Collateral. Bank may assign its rights in Collateral or any part thereof to any assignee selected by Bank in good faith who shall thereupon become vested with all the powers and rights herein given to Bank with respect to the property so transferred and delivered, and Bank shall thereafter be forever relieved and fully discharged from any liability with respect to such property so transferred, but with respect to any property not so transferred, Bank shall retain all rights and powers hereby given.
Appears in 1 contract
Samples: Security Agreement (Trex Co Inc)
Transfer of Collateral. Bank may assign its rights in the Collateral or any part thereof thereof, to the assignee, as well as any assignee subsequent holder hereof, who shall thereupon become vested with all the powers and rights herein given to the Bank with respect to the property so transferred and delivered, and Bank shall thereafter be forever relieved and fully discharged from any liability with respect to such property so transferred, but with respect to any property not so transferred, Bank shall retain all rights and powers hereby given.
Appears in 1 contract
Transfer of Collateral. The Bank may assign its rights in the Collateral or any part thereof to any assignee who shall thereupon become vested with all the powers and rights herein given to the Bank with respect to the property so transferred and delivered, and this Bank shall thereafter be forever relieved and fully discharged from any liability with respect to such property so transferred, but with respect to any property not so transferred, transferred the Bank shall retain all rights and powers hereby given.
Appears in 1 contract
Transfer of Collateral. The Bank may assign its rights in the Collateral or any part thereof to any assignee who shall thereupon become vested with all the powers and rights herein given to the Bank with respect to the property so transferred and delivered, and the Bank shall thereafter be forever relieved and fully discharged from any liability with respect to such property so transferred, but with respect to any property not so transferred, transferred the Bank shall retain all rights and powers hereby given. Bank agrees to notify Borrower promptly following any such assignment.
Appears in 1 contract
Samples: Security Agreement (Liposcience Inc)
Transfer of Collateral. The Bank may assign its Its rights in the Collateral or any part thereof to any assignee who shall thereupon become vested with all the powers and rights herein given to the Bank with respect to the property so transferred and delivered, and the Bank shall thereafter be forever relieved and fully discharged from any liability with respect to such property so transferred, but with respect to any property not so transferred, transferred the Bank shall retain all rights and powers hereby given.
Appears in 1 contract
Samples: Security Agreement (Dallas Gold & Silver Exchange Inc /Nv/)
Transfer of Collateral. The Bank may assign its rights in the Collateral or any part thereof thereof, to an assignee, as well as any assignee subsequent holder hereof, who shall thereupon become vested with all the powers and rights herein given to the Bank with respect to the property so transferred and delivered, and the Bank shall thereafter be forever relieved and fully discharged from any liability with respect to such property so transferred, but with respect to any property not so transferred, transferred the Bank shall retain all rights and powers hereby given.
Appears in 1 contract
Samples: Loan Agreement (Rsi Holdings Inc)
