Common use of Assignment by Agent; Resignation of Agent; Successor Agent Clause in Contracts

Assignment by Agent; Resignation of Agent; Successor Agent. (a) Agent may at any time assign its rights, powers, privileges and duties hereunder to (i) another Lender, or (ii) any Person to whom Agent, in its capacity as a Lender, has assigned (or will assign, in conjunction with such assignment of agency rights hereunder) 50% or more of its Loan, in each case without the consent of the Lenders or Borrowers. Following any such assignment, Agent shall give notice to the Lenders and Borrowers. An assignment by Agent pursuant to this subsection (a) shall not be deemed a resignation by Agent for purposes of subsection (b) below. Portions of this page were omitted, as indicated by [***], and have been filed separately with the Secretary of the Commission pursuant to the Registrant’s application requesting confidential treatment under Rule 24b­2 of the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Credit, Security and Guaranty Agreement (Alphatec Holdings, Inc.)

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Assignment by Agent; Resignation of Agent; Successor Agent. (a) Agent may at any time time, without the consent of the Lenders or Borrowers, assign its rights, powers, privileges and duties hereunder to (i) another Lender, or (ii) any Person to whom Agentthat, either by itself or together with one or more of its Affiliates or Approved Funds of itself or an Affiliate, holds or controls (or, as of the date of assignment of such agency rights, will hold or control) 50% or more of the interests in the Loan held by the assigning Agent in its capacity as a Lender; provided, has assigned (or will assignhowever, that nothing in conjunction with this Section 13.12(a) shall restrict subsequent assignments of interests as a Lender held by such assignment of agency rights hereunder) 50% or more of its Loan, in each case without the consent of the Lenders or BorrowersAgent assignee. Following any such assignment, Agent shall give notice to the Lenders and Borrowers. An assignment by Agent pursuant to this subsection (a) shall not be deemed a resignation by Agent for purposes of subsection (b) below. Portions of this page were omitted, as indicated by [***], and have been filed separately with the Secretary of the Commission pursuant to the Registrant’s application requesting confidential treatment under Rule 24b­2 of the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Credit and Security Agreement (Skilled Healthcare Group, Inc.)

Assignment by Agent; Resignation of Agent; Successor Agent. (a) Agent may at any time assign its rights, powers, privileges and duties hereunder to (i) another Lender, or (ii) any Person to whom Agent, in its capacity as a Lender, has assigned (or will Portions of this Exhibit were omitted, as indicated by [***], and have been filed separately with the Secretary of the Commission pursuant to the Registrant’s application requesting confidential treatment under Rule 24b-2 of the Securities Exchange Act of 1934, as amended. assign, in conjunction with such assignment of agency rights hereunder) 50% or more of its Loan, in each case without the consent of the Lenders or Borrowers. Following any such assignment, Agent shall give notice to the Lenders and Borrowers. An assignment by Agent pursuant to this subsection (a) shall not be deemed a resignation by Agent for purposes of subsection (b) below. Portions of this page were omitted, as indicated by [***], and have been filed separately with the Secretary of the Commission pursuant to the Registrant’s application requesting confidential treatment under Rule 24b­2 of the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Credit, Security and Guaranty Agreement (Alphatec Holdings, Inc.)

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Assignment by Agent; Resignation of Agent; Successor Agent. (a) Agent may at any time time, without the consent of the Lenders or Borrowers, assign its rights, powers, privileges and duties hereunder to (i) another Lender, or (ii) any Person to whom Agentthat, either by itself or together with one or more of its Affiliates or Approved Funds of itself or an Affiliate, holds or controls (or, as of the date of assignment of such agency rights, will hold or control) 50% or more of the interests in the Revolving Loans held by the assigning Agent in its capacity as a Lender; provided, has assigned (or will assignhowever, that nothing in conjunction with this Section 11.12(a) shall restrict subsequent assignments of interests as a Lender held by such assignment of agency rights hereunder) 50% or more of its Loan, in each case without the consent of the Lenders or BorrowersAgent assignee. Following any such assignment, Agent shall give notice to the Lenders and Borrowers. An assignment by Agent pursuant to this subsection (a) shall not be deemed a resignation by Agent for purposes of subsection (b) below. Portions of this page were omitted, as indicated by [***], and have been filed separately with the Secretary of the Commission pursuant to the Registrant’s application requesting confidential treatment under Rule 24b­2 of the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Credit and Security Agreement (Skilled Healthcare Group, Inc.)

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