Transfer of Debt. The Parties hereby agree, by execution of this agreement and subject to the terms and conditions contained herein, that the Transferors hereby transfer the Debt to the Transferee on the Effective Date (the “Debt Transfer”).
Transfer of Debt. (a) The Borrower may neither assign its rights nor delegate its obligation under this Agreement without the prior written consent of the Lender.
Transfer of Debt. 4.1 The sellers and buyer agree that all receivable liabilities and proceeds of the company occur from the closing date of the transaction shall belong to the buyer.
Transfer of Debt. In the event that any of the Borrowers assigns or transfers its debt (whether fully or partly) under the Facility Agreement (with a consent of all Lenders) to another person in accordance with the terms and conditions provided for by the Facility Agreement or the obligations of the respective Borrower under the Facility Agreement are transferred to another person as a result of legal succession the Guarantor hereby expresses its consent to such debt assignment or transfer and it shall be liable jointly and severally with the new borrower to the extent of the Secured Obligations.
Transfer of Debt. 18.1. In compliance with the principles of transparency and traceability of financial flows, it is the intention of the Cremona ASST to pay the sums due for the performance of the assignment at issue only to the company awarded the contract: - Transfer of Debt deriving from the supply/service/work is not permitted, and therefore any application will be duly rejected by the aforesaid Company, in accordance with the provisions of Article 70 RD no. 2240/1923; - it is in any case the specific intention of this ASST to refuse, pursuant to and for the purposes of Article 106, paragraph 13 of Legislative Decree No. 50/2016, any requests for assignment of credit; - any irrevocable powers of attorney and/or warrants for collection in favour of third parties will not be taken into consideration for the purpose of settling the claim, and Cremona ASST, legitimately and with discharging effect, will make payments to the winner of the competition, the sole and only holder of the right to claim, with the consequent extinction of the obligatory relationship.
Transfer of Debt. On each of the three Closing Date(s) (as set forth below), for the payment of the $48,781.33 (1/3rd of the Purchase Price) the Assignor hereby absolutely, irrevocably and unconditionally sells, assigns, conveys, and transfers to the Assignee all of the rights and interests to $51,348.85 of the Debt (the “Assigned Debt”) owned by the Assignor and all of the rights and benefits thereunder and the Assignee accepts such assignment.
Transfer of Debt. On the Closing Date (as set forth below), for the payment of the Purchase Price, the Assignor hereby sells, assigns, and transfers to the Assignee all of the rights and interests to the $20,000 principal balance of the Debt (the "Assigned Debt"), consisting of $20,000.00 of principal and none of the accrued and unpaid interest, owned by the Assignor and all of the rights and benefits thereunder and the Assignee accepts such assignment. The Purchase Price shall be paid to Assignor on or before the Closing Date. If the Assignor has not received the entire Purchase Price on or before the Closing Date, then the Assignor shall have the right in its sole discretion to deem this Agreement null and void and of no further force or effect. By its signature hereto, the Company agrees to and approves this assignment and agrees to the changes to the changes to the Promissory Note set forth in paragraph 4 below.
Transfer of Debt. Each Mortgagee may, at any time, sell, transfer or assign its Debenture, its interest in this Security Instrument and any other Investment Documents subject to the terms and conditions set forth in each Debenture with respect to the transfer of such Debenture.
Transfer of Debt. 1. In absence of a written consent, the Borrower shall not transfer any right or obligation under this Agreement to a third party.
