Collateral Assignments definition
Examples of Collateral Assignments in a sentence
The representations and warranties made by Borrower and the respective pledgors and assignors under the Pledge Agreements and Collateral Assignments are true and correct in all material respects.
Borrower agrees to promptly execute and deliver to Lender such Collateral Assignments and take such other actions as Lender requests in furtherance of Borrower’s collateral assignment of Borrower’s rights under such Material Contracts.
Subject to the other first lien rights of Heller and Sovereign as provided in the Intercreditor Agreement, upon ▇▇▇▇▇tion and delivery of the Additional Resort Collateral Assignments and execution and recording of the Additional Resort Collateral Mortgages, Lender will have a valid first lien in the Additional Resort Collateral.
The Employer hereby agrees to execute such documents as may be reasonably required by the Trustee to release the Collateral Assignments.
If Manufacturer fails to exercise Manufacturer's Option during such ten (10) Business Day period, Assignee may exercise its rights under the Collateral Assignments.