Assigned Interest Sample Clauses
The Assigned Interest clause defines the transfer of a party's rights, obligations, or benefits under a contract to another party. Typically, this clause outlines the conditions under which such an assignment can occur, such as requiring prior written consent from the non-assigning party or specifying which interests are eligible for assignment. By establishing clear procedures and limitations for assignments, the clause helps prevent unauthorized transfers and ensures all parties are aware of and agree to any changes in contractual relationships, thereby maintaining contractual integrity and reducing the risk of disputes.
Assigned Interest. Amount of Amount of Amount of Amount of Amount of Commitment/ Commitment/ Commitment/ Commitment/ Commitment/ Loans Loans Loans Loans Loans of Assignor of Assignee Assigned of Assignor of Assignee prior to prior to after after [Effective] [Effective] [Effective] [Effective] [Trade] Date [Trade] Date [Trade] Date [Trade] Date _______________________________________________________________________________ $ $ $ $ $ _______________________________________________________________________________ [7. Trade Date: ______________]2 Effective Date: _____________ ___, 20___ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] The terms set forth in this Assignment and Assumption are hereby agreed to: ASSIGNOR [NAME OF ASSIGNOR] By:_________________________________ Title: ASSIGNEE [NAME OF ASSIGNEE] By:_________________________________ Title: [Consented to and]3 Accepted: ABN AMRO BANK N.V., as Administrative Agent By:________________________________ Title: ______________________
Assigned Interest. Aggregate Amount of Commitment/Loans for all Lenders Amount of Commitment/Loans Assigned Percentage Assigned of Commitment/Loans
Assigned Interest. Facility Assigned Aggregate Amount of Commitment/Loans for all Lenders* Amount of Commitment/Loans Assigned* Percentage Assigned of Commitment/Loans1 ____________ $ $ _______% ____________ $ $ _______% ____________ $ $ _______%
Assigned Interest. Assignor[s]5 Assignee[s]6 Facility Assigned7 Aggregate Amount of Commitment/Loans for all Lenders8 Amount of Commitment/Loans Assigned9 Percentage Assigned of Commitment/ Loans10 CUSIP Number $ $ % $ $ % $ $ %
Assigned Interest. See Schedules attached hereto See Schedules attached hereto
Assigned Interest. Facility Assigned1 Aggregate Amount of Commitment/Loans for all Lenders Amount of Commitment/Loans Assigned Percentage Assigned of Commitment/Loans2 $ $ % $ $ % Effective Date: _____________ ___, 201__ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] The Assignee agrees to deliver to the Administrative Agent a completed administrative questionnaire in which the Assignee designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about the Borrower, the Loan Parties and their Affiliates or their respective securities) will be made available and who may receive such information in accordance with the Assignee’s compliance procedures and applicable laws, including Federal and state securities laws. 1 Fill in appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment (e.g., “Revolving Commitment”, “Incremental Term Loan Commitment”). 2 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders. The terms set forth in this Assignment and Assumption are hereby agreed to: [NAME OF ASSIGNOR] By: Title: [NAME OF ASSIGNEE] By: Title: [Consented to and] 3 Accepted: JPMORGAN CHASE BANK, N.A., as Administrative Agent By Title: [Consented to:]4 MSC INDUSTRIAL DIRECT CO., INC. By Title: [NAME OF RELEVANT PARTY] By Title: 3 To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement.
Assigned Interest. Facility Assigned Aggregate Amount of Commitment/Loans for all Lenders Amount of Commitment/Loans Assigned2 Percentage Assigned of Commitment/Loans3 Revolving Credit $ $ %
Assigned Interest. Aggregate Amount of Commitment/Loans for all Lenders Amount of Commitment/Loans Assigned Percentage Assigned of Commitment/Loans4 $ $ % $ $ % $ $ % Effective Date: _____________ ___, 20___ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] The Assignee agrees to deliver to the Administrative Agent a completed administrative questionnaire in which the Assignee designates one or more contacts to whom all syndicate-level information (which may contain material non-public information about the Company, the Loan Parties and their Related Parties or their respective securities) will be made available and who may receive such information in accordance with the Assignee’s compliance procedures and applicable laws, including Federal and state securities laws. 4 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. The terms set forth in this Assignment and Assumption are hereby agreed to: ASSIGNOR [NAME OF ASSIGNOR] By: Name: Title: ASSIGNEE [NAME OF ASSIGNEE] By: Name: Title: Consented to and Accepted: [JPMORGAN CHASE BANK, N.A., as Administrative Agent By: Title:]5 Consented to: GENERAL MOTORS COMPANY By: Title: 5 Prior written consent of the Company and the Administrative Agent, is required unless, (x) in the case of the Administrative Agent, the Assignee is a Lender or affiliate thereof, and (y) in the case of the Company only, (i) an Event of Default under Section 8(a) or (e) of the Credit Agreement has occurred and is continuing or (ii) the Assignee is a Lender to which any two or more of the following ratings have been issued by the relevant rating agency: (a) in the case of S&P, at least BBB; (b) in the case of ▇▇▇▇▇’▇, at least Baa2; and (c) in the case of Fitch, at least BBB.
Assigned Interest. Aggregate Amount of Amount of Percentage Commitment/Loans Commitment/Loans Assigned of Facility Assigned for all Lenders Assigned Commitment/Loans CUSIP Number --------------------------- ------------------------ ------------------------- ----------------------- ------------------- _____________ $_______________ $_______________ ______________% --------------------------- ------------------------ ------------------------- ----------------------- ------------------- --------------------------- ------------------------ ------------------------- ----------------------- ------------------- _____________ $_______________ $_______________ ______________% --------------------------- ------------------------ ------------------------- ----------------------- -------------------
Assigned Interest. Assignor[s] Assignee[s] Facility Assigned Aggregate Amount of Commitment/Loans for all Lenders Amount of Commitment/ Loans Assigned Percentage Assigned of Commitment/ Loans CUSIP Number