Common use of Assignment Participations Etc Clause in Contracts

Assignment Participations Etc. (a) Lender may, with the written consent of the Company (which consent shall be obtained prior to Lender's delivery of any information (including financial information) to any Assignee (as hereinafter defined) relating to an assignment of Lender's rights and obligations under the Loan Documents, at all times other than during the existence of an Event of Default, which consent shall not be unreasonably withheld, at any time assign and delegate to one or more person or entity (provided, that, no written consent of the Company shall be required in connection with any assignment and delegation by Lender to an Affiliate of Lender) (each an "Assignee") all (but no less than all) of its interest in the Loan and the other rights and obligations of Lender hereunder, provided, however, that, the Company may continue to deal solely and directly with Lender in connection with the interest so assigned to an Assignee until written notice of such assignment, together with payment instructions, addresses and related information with respect to the Assignee shall have been given to the Company by Lender and the Assignee.

Appears in 3 contracts

Samples: Loan Agreement (Garcia Ernest C Ii), Loan Agreement (Garcia Ernest C Ii), Loan Agreement (Ugly Duckling Corp)

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Assignment Participations Etc. (a) Any Lender may, with the written consent of the Company (which consent shall be obtained prior to such Lender's delivery of any information (including financial information) to any Assignee (as hereinafter defined) relating to an assignment of such Lender's rights and obligations under the Loan Documents, at all times other than during the existence of an Event of Default, which consent shall not be unreasonably withheld, at any time assign and delegate to one or more person or entity (provided, that, no written consent of the Company shall be required in connection with any assignment and delegation by a Lender to an a Lender Affiliate of such Lender) (each an "Assignee") all (but no less than all) of its interest in the Loan and the other rights and obligations of such Lender hereunder, provided, however, that, the Company and each other Lender may continue to deal solely and directly with such Lender in connection with the interest so assigned to an Assignee until written notice of such assignment, together with payment instructions, addresses and related information with respect to the Assignee shall have been given to the Company by such Lender and the Assignee.

Appears in 3 contracts

Samples: Loan Agreement (Ugly Duckling Corp), Loan Agreement (Ugly Duckling Corp), Loan Agreement (Cygnet Financial Corp)

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