Common use of Assignment and Acceptance; Notes Clause in Contracts

Assignment and Acceptance; Notes. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee of $3,500 for each assignment, and the assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire; provided that (A) no such processing and recordation fee shall be payable in the case of an assignment to an assignee that is a Lender or an Affiliate of a Lender prior to the consummation of such assignment and (B) the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. If requested by the transferor Lender or the assignee, upon the consummation of any assignment, the transferor Lender, the Administrative Agent and the Borrowers shall make appropriate arrangements so that new Notes are issued to the assignee and such transferor Lender, as appropriate; provided, further, that such transferor Lender shall have returned to the Borrowers any Notes that are being reissued in favor of the assignee, to the extent applicable, in accordance with Section 2.10(c).