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What is an assignment of contract?

An Assignment, or an assignment of contract, is a document that allows one party to transfer the rights and benefits of a contract to another party.

Who are the parties of control agreement?

A deposit account control agreement (DACA), also called a control agreement, is a tri-party agreement among a deposit customer (the debtor), a deposit customers lender (the secured party) and a bank.

What is a control agreement under the UCC?

The securities account control agreement enables the secured party to obtain control over the security entitlement, and therefore the securities account, and so enables its security interest in the securities account to be perfected (UCC 9-106).

What does control of agreement mean?

More Definitions of Control Agreement Control Agreement means a control agreement, in form and substance satisfactory to Agent, executed and delivered by the applicable Borrower, Agent, and the applicable securities intermediary with respect to a Securities Account or a bank with respect to a deposit account.

What constitutes a change in control of a public company?

Change of control refers to a scenario when the companys majority owner and business decision-making powers move from one to another. Such authorities sold to potential buyers at a reasonable price.

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