Borrower Assignment definition

Borrower Assignment means an assignment substantially in the form of Exhibit G hereto, executed by the Borrower in favor of and delivered to Agent with respect to a CFC Loan which has been assigned to the Borrower pursuant to a CFC Assignment, or such other form acceptable to Agent.

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Borrower Assignment means the Security Assignment of Agreement entered into between the Borrower and the Security Trustee on or about the Second Amendment and Restatement Date.

Borrower Assignment means an assignment substantially in the form of Exhibit G hereto, executed by the Borrower to Agent with respect to a CFC Loan which has been assigned to the Borrower pursuant to a CFC Assignment, or such other form acceptable to Agent.

Examples of Borrower Assignment in a sentence

• No interest shall accrue with respect to the Assigned Interest from and after the Borrower Assignment Effective Date and such Assigned Interest shall, from and after the Borrower Assignment Effective Date, and without further action by any Person, be deemed cancelled for all purposes and no longer outstanding.

• Payment to the Assignor by the Assignee in respect of the settlement of the assignment of the Assigned Interest shall be paid by Assignee directly to the Assignor and shall include all unpaid interest that has accrued in respect of the Assigned Interest through the Borrower Assignment Effective Date.

• Each such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Borrower Assignment and Assumption, without representation or warranty by the Assignor.

• On the Borrower Assignment Effective Date, no Default or Event of Default has occurred and is continuing or would result from this Assignment.

• The Borrower hereby irrevocably authorizes and empowers the Agent to give notice of this Borrower Assignment to the CFC Borrower, [and to any other person obligated on the CFC Note] and, after the occurrences and during the continuance of an Event of Default or after a demand shall have been made for payment of the Obligations (a “Borrower Default”), to receive directly all payments or prepayments made by the CFC Borrower.

More Definitions of Borrower Assignment

Borrower Assignment means in relation to a Ship, an assignment by the Borrower of its interest in (among other things) the Insurances and Requisition Compensation of the Ship and the Earnings from the Ship in the agreed form Break Costs means the amount (if any) by which:

Borrower Assignment as defined in subsection 2.13(a)(ii) hereof.

Borrower Assignment means (a) an assignment substantially in the form of Exhibit G hereto, executed by the Borrower in favor of and delivered to Agent with respect to a CFC Loan which has been assigned to the Borrower pursuant to a CFC Assignment, or such other form acceptable to Agent, (b) an assignment substantially in the form of Exhibit L hereto, executed by the Borrower in favor of and delivered to Agent with respect to a Stack’s Auction Advance which has been assigned to the Borrower pursuant to a Stack’s Auction Advance Assignment, or such other form acceptable to Agent, or (c) an assignment substantially in the form of Exhibit O hereto, executed by the Borrower in favor of and delivered to Agent with respect to a CFC Canada Loan which has been assigned to the Borrower pursuant to a CFC Canada Assignment, or such other form acceptable to Agent.

Borrower Assignment that certain Assignment of Collateral, dated the date hereof, made by Borrower in favor of CoreStates with respect to Borrower's 100% beneficial interest in the TWA Trust Agreement.

Borrower Assignment means the borrower assignment dated 12 February 1997 made between the Assignor and Goldman for itself and as agent and trustee for the other Finance Parties, as the agency role was transferred from Goldman to the Agent; and

Borrower Assignment has the meaning specified in Section 13.

Borrower Assignment as defined in the preamble hereto.