Examples of Collateral Assignee in a sentence
Any Irrevocable Beneficiary or Collateral Assignee must sign this form.
No assignment of the IFA by Customer or Collateral Assignee, other than this Assignment, shall be valid without Edison’s written consent, which consent shall not be unreasonably withheld.
Examples are:• Individual: Print and sign your full name as it appears on the policy/contract.• Multiple Owners: All owners must sign.• Collateral Assignee: Assignees must sign in addition to the Owner, on Owner Signature lines and indicate title as “Collateral Assignee”.• Partnership: All partners must sign (unless a form authorizing one partner to sign is on file with us).• Corporation: Titled officer must sign.
Pursuant to the Security Agreement between Customer and Collateral Assignee, Customer wishes to assign the IFA to Collateral Assignee as collateral security.
Beneficiary - Print name (If applicable) Signature of Beneficiary Date (mm/dd/yyyy) X I, the Collateral Assignee, consent to this request.
The Government Parties acknowledges that the Operating Agreements and Plans may also be assigned as security to a Collateral Assignee and that each of the Government Parties and such Collateral Assignee shall be entitled to use the Operating Agreements and Plans in enforcing their respective security as hereinafter provided.
If Collateral Assignee enforces the Assignment, it shall notify Edison pursuant to paragraph 9 of this Consent.
In addition, the Government Party shall, promptly upon the request of the Concessionaire or any Collateral Assignee, execute, acknowledge and deliver to the Concessionaire, or any of the parties specified by the Concessionaire, standard consents and estoppel certificates with respect to this Agreement which may be qualified to the best of the knowledge and belief of a designated Representative of the Government Party.
In all cases, their enthusiasm and commitment have been extraordinary.
In the event of a Buyer Default, a Collateral Assignee, shall be entitled to exercise, in the place and stead of Seller, any of Seller’s rights under this Agreement that have been assigned to the Collateral Assignee.