Amendment to Section 13: Miscellaneous Sample Clauses

Amendment to Section 13: Miscellaneous. A. Section 13.6(b)(i) of the Interim Loan Agreement (Successors and Assigns; Participations and Assignments) is hereby deleted in its entirety and replaced with the following: “Subject to the conditions set forth in clause (b)(ii) below, any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans at the time owing to it) with (i) notice to the Administrative Agent and (ii) the prior written consent of the Borrower (such consent not be unreasonably withheld or delayed; it being understood that, without limitation, the Borrower shall have the right to withhold or delay its consent to any assignment if, in order for such assignment to comply with applicable law, the Borrower would be required to obtain the consent of, or make any filing or registration with, any Governmental Authority); provided that no consent of the Borrower shall be required for an assignment to (1) a Lender, an Affiliate of a Lender, an Approved Fund, (2) if an Event of Default under Section 11.1(I)(a), (b), (g) or (h) has occurred and is continuing, any other assignee or (3) to a Person not more than 14 days following the Closing Date to the extent the Borrower has previously consented to an allocation of Loans of Commitments in an amount greater than or equal to the amount assigned to a Person in such time. Notwithstanding the foregoing, no such assignment shall be made to a natural person.”
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