Examples of Collateral Assignment Agreement in a sentence
If Seller is a Special Purpose Entity, then: Seller shall not cause or permit the stock, equity ownership interest in Seller or assets of Seller to be pledged or assigned as collateral or otherwise to any party other than Lender under a Collateral Assignment Agreement.
Wessling further agrees that once the obligations of the Promissory Note have been fully satisfied, he will execute any document reasonably necessary to document the termination of the obligations of the Promissory Note, Security Agreement, and Collateral Assignment Agreement.
Requests for a Collateral Assignment Agreement must be received by SCE at least forty-five (45) days in advance of the anticipated closing date for the transaction in question.
This Promissory Note and Forbearance Agreement is secured by a Security Agreement and a Collateral Assignment Agreement of even date herewith.
A failure to honor said demand shall constitute an event of default under the terms of the Security Agreement and a Collateral Assignment Agreement of even date herewith.