Contingent Assignment definition
Examples of Contingent Assignment in a sentence
In the event that the Primary Swap Counterparty resigns, is removed or otherwise replaced as Primary Swap Counterparty pursuant to the terms of the Interest Rate Swaps, the Triparty Contingent Assignment Agreement or the Contingent Interest Rate Swaps, its assignee or successor in interest thereunder shall automatically succeed to the interests of the Primary Swap Counterparty under this Agreement.
The Client shall not solicit RW’s employees; in the event that the Client places an RW employee in a role with the Client or any other entity to whom the Client has introduced the employee, the Client will be charged a Contingent Assignment Fee.
In the event that the Primary Swap Counterparty resigns, is removed or otherwise replaced as Primary Swap Counterparty pursuant to the terms of the Interest Rate Swaps, the Triparty Contingent Assignment Agreement or the Contingent Interest Rate Swaps, its assignee or successor in interest thereunder shall, subject to satisfying the Rating Agency Condition with respect to S&P, automatically succeed to the interests of the Primary Swap Counterparty under this Agreement.
The Service will be conducted on a Contingent Assignment (defined below) basis as requested by the Client.
In the event that the Primary Swap Counterparty resigns, is removed or otherwise replaced as Primary Swap Counterparty pursuant to the terms of the Basis Swaps, the Triparty Contingent Assignment Agreement or the Contingent Basis Swaps, its assignee or successor in interest thereunder shall automatically succeed to the interests of the Primary Swap Counterparty under this Agreement.
On the Closing Date, the Assignor and the Assignee shall execute and deliver a Contingent Assignment of Intellectual Property and Security Agreement (the “Assignment”), which Assignment shall grant to the Assignor a security interest in certain inventions and intellectual property of the Assignee as collateral to secure the repayment of the Promissory Note (defined herein).
A new Exhibit 6.11 entitled “Form of Contingent Assignment and Assumption Agreement”, a copy of which is attached to this Amendment, is hereby added to the Table of Contents in the PSA as well as to the Exhibits to the PSA.
The Security Agreement, together with the Contingent Assignment, and such financing statements and other documents as the Bank deems necessary to perfect its security interest in and lien against the Collateral.
In the event that the Primary Swap Counterparty resigns, is removed or otherwise replaced as Primary Swap Counterparty pursuant to the terms of the Interest Rate Swap, the Contingent Assignment Agreement or the Contingent Interest Rate Swap, its assignee or successor in interest thereunder shall automatically succeed to the interests of the Primary Swap Counterparty under this Agreement.
The Triparty Contingent Assignment Agreement, dated as of the [Initial] Closing Date, including all schedules, and confirmations thereto, among the Trust, the Swap Counterparty and GMAC, as the same may be amended, supplemented, renewed, extended or replaced from time to time.