Consent to assignment refers to allowing a party of a contract to assign a contract and move the obligations to another party.
Bank Assignment Agreement means the agreement for assignment of rights (claims) in respect of, inter alia, the rights (claims) of VTB Bank against OJSC under the Facility Agreement to be entered into between VTB Bank (as assignor) and the Purchaser (as assignee);
The assignor must agree to assign their rights and duties under the contract to the assignee. The assignee must agree to accept, or "assume," those contractual rights and duties. The other party to the initial contract must consent to the transfer of rights and obligations to the assignee.
Norwood Financial Corp. Wayne Bank / Parent organization
Norwood Financial Corp is the parent company of Wayne Bank, which operates from fourteen offices throughout Northeastern Pennsylvania and sixteen offices in Delaware, Sullivan, Ontario, Otsego and Yates Counties, New York.
For over 135 years Wayne Bank has been a dependable locally owned and operated bank in the Wayne County, IN area. Our dedication to serving the community and providing our clients with unparalleled customer service has never wavered in our many years of business.
A local bank is defined as a depository institution of any size (large or small) that is locally owned and operated. Typically, local banks focus their offerings and efforts on the individuals and businesses that reside in the surrounding community.