Assignment of Interests definition

Assignment of Interests shall have the meaning specified in Section 7.4(a).

Assignment of Interests is defined in Section 2.4(a)(ii).

Assignment of Interests means the Assignment of Interests pursuant to which the Company shall assign to Purchaser all of its rights and interests in and to the Assigned Interests purchased hereunder, which Assignment of Interests shall be substantially in the form of Exhibit B.

Examples of Assignment of Interests in a sentence

• Assignment of Interests (Applies ONLY if Multi-Member): Except as otherwise provided in this Agreement, no Member or other person holding any interest in the Company may assign, pledge, hypothecate, transfer or otherwise dispose of all or any part of their interest in the Company, including without limitation, the capital, profits or distributions of the Company without the prior written consent of the other Member(s) in each instance.

• Nothing in this Amendment shall be deemed or construed to constitute, and there has not otherwise occurred, a novation, cancellation, satisfaction, release, extinguishment or substitution of the Secured Obligations (as defined in the Assignment of Interests).

• Except as hereinabove set forth, all terms, covenants and provisions of the Assignment of Interests remain unaltered and in full force and effect, and the parties hereto do hereby expressly ratify and confirm the Assignment of Interests as modified and amended herein and the other Loan Documents.

• All references in the Loan Documents to the Assignment of Interests shall be deemed a reference to the Assignment of Interests, as modified and amended herein.

• The Assignor hereby acknowledges, represents and agrees that the Assignment of Interests, as modified and amended herein, remains in full force and effect and constitutes the valid and legally binding obligation of the Assignor enforceable against the Assignor in accordance with its respective terms, and that the execution and delivery of this Amendment does not constitute, and shall not be deemed to constitute, a release, waiver or satisfaction of the Assignor’s obligations under the Loan Documents.

More Definitions of Assignment of Interests

Assignment of Interests means that certain instrument assigning the Purchased Units from Seller to Purchaser, dated as of the Closing Date, in the form attached hereto as Exhibit B.

Assignment of Interests shall have the meaning specified in Section 2.3(a)(i).

Assignment of Interests means that certain Assignment of Interests in substantially the form attached as Exhibit B hereto.

Assignment of Interests means, collectively, (i) the Collateral Assignment of Interests dated of even date herewith from each of the Assignors to the Administrative Agent, for the benefit of the Lenders, as the same may be modified, amended or restated, pursuant to which there shall be granted to the Administrative Agent a first priority lien and security interest in the applicable Pledged Equity Interests and the other interests of such Assignors in the Collateral described therein, and (ii) each additional Assignment of Interests in favor of Administrative Agent, for the benefit of the Lenders, delivered after the date hereof pursuant to the terms of this Agreement or the other Loan Documents with respect to the pledge of Pledged Distributions Interests or Pledged Equity Interests to the Administrative Agent for the benefit of the Lenders, as the same may be modified, amended or restated, and any further assignments, certificates, powers, consents, acknowledgments, estoppels or UCC-1 financing statements that may be delivered in connection therewith.

Assignment of Interests means the Assignment of Interests, dated as of the date hereof, by and between Buyer and Seller.

Assignment of Interests collectively, (i) the First Amended and Restated Assignment of Interests (Distributions Interests Companies) dated of even date herewith from Borrower to the Administrative Agent, for the benefit of the Lenders, as the same may be modified, amended or restated, pursuant to which there shall be granted to the Administrative Agent a first priority lien and security interest in the interests of the Borrower in the Collateral described therein, (ii) the First Amended and Restated Assignment of Interests (Pledged Interests Companies) dated of even date herewith from Borrower and HK New Plan STH Upper Tier II Company to the Administrative Agent, for the benefit of the Lenders, as the same may be modified, amended or restated, pursuant to which there shall be granted to the Administrative Agent a first priority lien and security interest in the interests of Borrower and HK New Plan STH Upper Tier II Company in the Collateral described therein, and (iii) each additional Assignment of Interests in favor of Administrative Agent, for the benefit of the Lenders, delivered pursuant to the terms hereof, as the same may be modified, amended or restated, and any further assignments, certificates, powers, consents, acknowledgments, estoppels or UCC-1 financing statements that may be delivered in connection therewith.

Assignment of Interests means the Assignment of Interests substantially in the form of Exhibit A.