Common use of Agent’s Acceptance Clause in Contracts

Agent’s Acceptance. Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an assignee representing that it is an Eligible Assignee, together with any Pro Rata Note or Notes subject to such assignment, JPMorgan Chase, as Administrative Agent, shall, if such Assignment and Acceptance has been completed and is in substantially the form of Exhibit C hereto, (i) accept such Assignment and Acceptance, (ii) record the information contained therein in the Register and (iii) give prompt notice thereof to Kraft.

Appears in 4 contracts

Samples: Day Revolving Credit Agreement (Kraft Foods Inc), Credit Agreement (Kraft Foods Inc), Credit Agreement (Kraft Foods Inc)

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