Common use of Assignment by Borrowers Clause in Contracts

Assignment by Borrowers. The Borrowers shall not assign or transfer any of their rights or obligations under this Agreement or any of the Loan Documents without (i) the prior written consent of each of the Lenders and (ii) the payment to the Administrative Agent, on behalf of the Lenders, of an assignment fee in an amount equal to 1.0% of the amount to be assigned and all costs and expenses associated with any such assignment. For purposes of this Agreement, a Change in Control (whether by equity sale, issuance or otherwise) shall constitute an assignment hereof.