Assigned Obligations definition

Assigned Obligations has the meaning given in clause 22.2(c)(i).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Assigned Obligations means all present and future liabilities whatsoever (whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of the Issuer which become due, owing or payable by the Issuer to each or any of the Secured Parties under or in respect of, and subject to the terms and conditions of the Transaction Documents to which the Issuer is a party.

Assigned Obligations means all rights, titles, interests, liens, security interests, privileges, claims, demands and equities assigned in Section 2.

Examples of Assigned Obligations in a sentence

• Assignor shall have no further duties or obligations with respect to, and shall have no further interest in, the Assigned Obligations or the Assigned Interests.

• The Assignor shall have no further duties or obligations with respect to, and shall have no further interest in, the Assigned Obligations or the Assigned Commitment from and after the Assignment Date.

• Further, the Borrower agrees that, upon the execution and delivery of this Agreement, the Borrower shall owe the Assigned Obligations to the Assignee as if the Assignee were the Lender originally making such Loans and entering into such other obligations.

• The obligations assigned pursuant to the immediately preceding sentence shall constitute Assigned Obligations hereunder.] The Assignor shall have no further duties or obligations with respect to, and shall have no further interest in, the Assigned Obligations or the Assigned Commitment from and after the Assignment Date.

• The Assignor shall have no further duties or obligations with respect to, and shall have no further interest in, the Assigned Obligations or the Assigned Loan from and after the Assignment Date.

• The Borrowers agree that the Assignee shall have all of the rights and remedies of a Lender under the Credit Agreement and the other Loan Documents, including, but not limited to, the right of a Lender to receive payments of principal and interest with respect to the Assigned Obligations, and to the Loans made by the Lenders after the date hereof and to receive the commitment and other Fees payable to the Lenders as provided in the Credit Agreement.

• The Borrowers agree that from and after the Effective Date the Assignor shall have no further liability or obligation in respect of the Assigned Obligations.

• The Borrower agrees that the Assignee shall have all of the rights and remedies of a Lender under the Credit Agreement and the other Loan Documents as if the Assignee were an original Lender under and signatory to the Credit Agreement, including, but not limited to, the right of a Lender to receive payments of principal and interest with respect to the Assigned Obligations, and to receive Fees payable to the Lenders as provided in the Credit Agreement.

• Assignee hereby assumes, effective as of Assignor's conveyance of the Transferred Property to Assignee, all of the Assigned and Assumed Obligations with respect to the Transferred Property, including its associated Community Benefits, and agrees to observe and fully perform, and to be subject to, all of the Assumed and Assigned Obligations.

• The Assignor represents and warrants to the Assignee that the Assignor has good and valid title to the Assigned Obligations, free and clear of any liens, security interests and encumbrances.

More Definitions of Assigned Obligations

Assigned Obligations means, in relation to the Auto Lenders Agreement or the Assigned Interest, all obligations of the Assignor to Auto Lenders with respect to the Assigned Interest, including without limitation:

Assigned Obligations means all the Obligations in relation to the rights relating to payment related merchant operation that has been assigned to the assignee in accordance with Section 7.3(c)(ii) below.

Assigned Obligations means all rights, titles, interests, liens, security interests, privileges, claims, demands and equities assigned in

Assigned Obligations all obligations or ORC under the 1988 Stop Loss and 1995 Stop Loss assigned by Skandia and assumed by ORC under clauses 3.1 and 3.4 hereof;

Assigned Obligations shall have the meaning set forth in the Assignment Agreement.

Assigned Obligations means all obligations, duties, covenants, terms, conditions, and liabilities of Assignor arising under or in connection with the Development Agreement, whether arising before, on, or after the Effective Date.