Agenda - 06-24-1986 - Laserfiche WebLink

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Draft : 6/9/86 ASSIGNMENT THE ORANGE COUNTY INDUSTRIAL FACILITIES AND POLLUTION CON- TROL FINANCING AUTHORITY, a political subdivision and body corpo- rate and politic of the State of North Carolina (the "Assignor" ) , for valuable consideration the receipt and sufficiency of which are hereby acknowledged, hereby pledges, assigns, transfers and sets over to NCNB NATIONAL BANK OF NORTH CAROLINA, a national banking association having its principal office in Charlotte, North Carolina, and its successors and any transferee of the Bond hereinafter mentioned in accordance with the provisions of Section 7 of the Bond Purchase Agreement hereinafter mentioned (the "Assignee" ) , all of the Assignor 's right, title and interest ( including beneficial interest) in and to: (a) a certain Loan Agreement (as the same may from time to time be supplemented or amended) , of even date herewith ( the "Loan Agreement" ) , between the Assignor and Isotechnologies, Inc. , a North Carolina corporation, and its respective successors and assigns (the "Company" ) , including, but not limited to, all payments due and to become due under the Loan Agreement whether made at their respective due dates or as prepayments permitted or required by the Loan Agreement, together with full power and authority, in the name of the Assignor or otherwise, to demand, receive, enforce, collect or receipt for any or all of the fore- going, to endorse or execute any checks or other instruments or orders, to file any claims and to take any action which the Assignee may deem necessary or advisable in connection therewith, and the Assignor hereby irrevocably appoints the Assignee attor- ney-in-fact of the Assignor for such purposes, which appointment is coupled with an interest and is irrevocable; provided, how- ever, that the Assignor hereby expressly reserves its rights ( together with the Assignee, where applicable) under the follow- ing sections of the Loan Agreement : ( i) Section 7.1 (pertaining to the Assignor ' s right of access to the Project (as defined in the Loan Agreement) and to certain records) ; ( ii ) Section 7. 3 (pertaining to the Assignor ' s right to receive certain information) ; ( iii) Section 7.8 (pertaining to the Assignor ' s right to receive payment for certain costs and expenses) ; ( iv) Section 7 .9 (pertaining to the Assignor ' s right to certain indemnities) ;