Examples of Assignment Price in a sentence
Assignee desires to accept the sale, assignment and transfer of all of Participant’s right, title, and interest in the Participation Interest and assume the rights and obligations of Participant under the Participation Agreement in exchange for the Assignment Price.
Section 7.01 In the event that the Assignee or the Mediator fails to pay the Assignment Price to the University in accordance with Section 3.01 hereof, the University shall have the right forthwith to terminate this Agreement upon written notice to the Assignee or the Mediator.
On each Mortgage Debt Assignment Date, each Revolving Credit Lender severally agrees to make available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on such date, an amount equal to its Applicable Revolving Credit Percentage of the Mortgage Debt Assignment Price (such funding made by a Revolving Credit Lender being referred to herein as a “Mortgage Debt Assignment Funding”).
If such Revolving Credit Lender pays its share of the applicable Mortgage Debt Assignment Price to the Administrative Agent, then the amount so paid shall constitute such Revolving Credit Lender’s Revolving Credit Loan.
Upon receipt by the Administrative Agent of funds from the Revolving Credit Lenders equaling the entire Mortgage Debt Assignment Price and upon satisfaction of the conditions set forth in Section 2.03(c), the Administrative Agent shall use the funds so received from the Revolving Credit Lenders to consummate the Mortgage Debt Assignment.