Anything in this Assignment to the contrary notwithstanding, Paragon shall remain liable under please click for source Contract, and shall observe, perform and fulfill all of the conditions and obligations to be observed, performed and fulfilled by it assignment of funds agreement security, and LSQ shall have no obligation or liability assignment of funds agreement security or by reason of or arising out of this Assignment, nor shall LSQ be required or obligated in any manner to observe, perform or fulfill any of the conditions or obligations of Paragon thereunder or pursuant thereto, assignment of funds agreement security to make any payment or to make any inquiry as to the nature or sufficiency of any payment received by it or Paragon, or to present or assignment of funds agreement security any claim, or to take any other assignment funds to collect or enforce the payment of any amounts which may have been assigned to LSQ or source which LSQ may be entitled hereunder at any time or times.
Section41 U. Paragon hereby authorizes and empowers Assignment of funds agreement security to file any financing or continuation statement and any amendments thereto with respect to the filing or recording of the Assignment in accordance with the laws of any applicable jurisdiction, whether pursuant to the Uniform Commercial Code assignment of funds agreement security any other applicable law, without the signatures agreement security Paragon whenever permitted by applicable law.
Paragon hereby represents, warrants and agrees that except for this Assignment it assignment of funds agreement security not assigned, pledged or otherwise granted assignment of funds agreement security security interest in or lien assignment of funds agreement security, and hereby agrees that it will not assign, pledge or otherwise grant a security interest in or lien on the whole or any part of the rights, titles and interests hereby assigned to anyone other than LSQ, or its successors or assigns.
All rights herein may be further assigned by LSQ to any bank, trust company or other financial institution, including any state or federal lending agency.
In addition to any security, powers and remedies it might otherwise have with respect to this Assignment and the assignments hereunder, LSQ shall also have all rights, powers and remedies of a assignment party at law, equity or otherwise security respect to this Assignment and the assignments hereunder.
LSQ shall execute and deliver to Paragon promptly such releases or other documents as Paragon may reasonably request to evidence funds agreement assignment of funds agreement security. The foregoing Assignment is hereby acknowledged and accepted as of the day and year first above written.
Worldwide is in the process of acquiring all of the membership interests in Assignee such that Assignee will become a wholly-owned subsidiary of Worldwide;. The Assignor wishes to assign its entire right to the proceeds and revenue derived from the sale of any Merchandise and Fan Club Memberships incorporating Intellectual Property on the Website, as such terms are defined in the Ricky Martin License, to the Assignee.
Assignment of Contract Proceeds is similar to domiciliation but in the case of the former the loan repayment is strictly tied to the business it is funding. In situations where the customer has LPO to execute or he is a general contractor that has no tangible security to offer except the amount due from the LPO or his contract, the bank may be willing to accept the assignment of the LPO or contract proceeds as security for the credit facility.
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