{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "lender-may", "type": "definition", "offset": [9, 19]}, {"key": "eligible-assignees", "type": "clause", "offset": [42, 60]}, {"key": "a-portion", "type": "definition", "offset": [68, 77]}, {"key": "rights-and-obligations-under-this-agreement", "type": "clause", "offset": [85, 128]}, {"key": "without-limitation", "type": "clause", "offset": [141, 159]}, {"key": "revolving-credit-loans-and-term-loans", "type": "clause", "offset": [232, 269]}, {"key": "all-notes", "type": "definition", "offset": [274, 283]}, {"key": "all-rights", "type": "clause", "offset": [412, 422]}, {"key": "in-respect-of", "type": "clause", "offset": [449, 462]}, {"key": "the-revolving-credit-commitments", "type": "clause", "offset": [463, 495]}, {"key": "in-the-case-of-an", "type": "clause", "offset": [548, 565]}, {"key": "assignment-to", "type": "clause", "offset": [566, 579]}, {"key": "a-person", "type": "definition", "offset": [580, 588]}, {"key": "prior-to", "type": "clause", "offset": [607, 615]}, {"key": "assignment-of", "type": "definition", "offset": [652, 665]}, {"key": "commitment-of-the", "type": "clause", "offset": [764, 781]}, {"key": "assigning-lender", "type": "definition", "offset": [782, 798]}, {"key": "date-of", "type": "clause", "offset": [869, 876]}, {"key": "the-assignment-and-acceptance", "type": "clause", "offset": [877, 906]}, {"key": "with-respect-to", "type": "clause", "offset": [907, 922]}, {"key": "in-no-event", "type": "clause", "offset": [946, 957]}, {"key": "an-eligible", "type": "clause", "offset": [1022, 1033]}, {"key": "consent-of-the-agent", "type": "clause", "offset": [1100, 1120]}, {"key": "default-shall", "type": "definition", "offset": [1210, 1223]}, {"key": "the-parties", "type": "definition", "offset": [1317, 1328]}, {"key": "deliver-to", "type": "definition", "offset": [1371, 1381]}, {"key": "the-register", "type": "clause", "offset": [1429, 1441]}, {"key": "note-or-notes", "type": "clause", "offset": [1491, 1504]}, {"key": "subject-to", "type": "clause", "offset": [1505, 1515]}, {"key": "processing-and-recordation-fee", "type": "definition", "offset": [1538, 1568]}, {"key": "from-and-after-the-effective-date", "type": "clause", "offset": [1641, 1674]}, {"key": "the-assignee", "type": "clause", "offset": [1724, 1736]}, {"key": "party-hereto", "type": "definition", "offset": [1759, 1771]}, {"key": "pursuant-to-such", "type": "clause", "offset": [1854, 1870]}, {"key": "rights-and-obligations-of", "type": "clause", "offset": [1907, 1932]}, {"key": "lender-hereunder", "type": "clause", "offset": [1935, 1951]}, {"key": "remaining-portion", "type": "definition", "offset": [2270, 2287]}, {"key": "by-executing-and-delivering-an-assignment-and-acceptance", "type": "clause", "offset": [2409, 2465]}, {"key": "parties-hereto", "type": "clause", "offset": [2577, 2591]}, {"key": "warranty-and", "type": "clause", "offset": [2715, 2727]}, {"key": "no-responsibility", "type": "clause", "offset": [2736, 2753]}, {"key": "warranties-or-representations", "type": "clause", "offset": [2786, 2815]}, {"key": "in-connection-with", "type": "clause", "offset": [2827, 2845]}, {"key": "agreement-or", "type": "definition", "offset": [2851, 2863]}, {"key": "other-loan", "type": "definition", "offset": [2868, 2878]}, {"key": "the-execution", "type": "clause", "offset": [2891, 2904]}, {"key": "security-interest-created", "type": "clause", "offset": [3025, 3050]}, {"key": "financial-condition-of-the-borrowers", "type": "clause", "offset": [3336, 3372]}, {"key": "the-performance", "type": "clause", "offset": [3405, 3420]}, {"key": "facility-document", "type": "clause", "offset": [3512, 3529]}, {"key": "copy-of-this-agreement", "type": "clause", "offset": [3646, 3668]}, {"key": "the-financial-statements", "type": "clause", "offset": [3694, 3718]}, {"key": "other-documents-and-information", "type": "clause", "offset": [3769, 3800]}, {"key": "analysis-and-decision", "type": "clause", "offset": [3853, 3874]}, {"key": "to-enter", "type": "definition", "offset": [3875, 3883]}, {"key": "based-on", "type": "definition", "offset": [4043, 4051]}, {"key": "at-the-time", "type": "definition", "offset": [4112, 4123]}, {"key": "credit-decisions", "type": "clause", "offset": [4150, 4166]}, {"key": "taking-action", "type": "definition", "offset": [4184, 4197]}, {"key": "to-exercise", "type": "clause", "offset": [4380, 4391]}, {"key": "the-loan-documents", "type": "clause", "offset": [4425, 4443]}, {"key": "the-terms", "type": "clause", "offset": [4477, 4486]}, {"key": "in-accordance-with", "type": "definition", "offset": [4626, 4644]}, {"key": "the-obligations", "type": "clause", "offset": [4664, 4679]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [4693, 4716]}, {"key": "performed-by", "type": "clause", "offset": [4736, 4748]}, {"key": "the-agent-shall", "type": "clause", "offset": [4769, 4784]}, {"key": "accepted-by", "type": "definition", "offset": [4896, 4907]}, {"key": "names-and-addresses", "type": "clause", "offset": [4953, 4972]}, {"key": "the-loans", "type": "clause", "offset": [5048, 5057]}, {"key": "from-time-to-time", "type": "clause", "offset": [5079, 5096]}, {"key": "conclusive-and-binding", "type": "clause", "offset": [5152, 5174]}, {"key": "all-purposes", "type": "definition", "offset": [5179, 5191]}, {"key": "manifest-error", "type": "definition", "offset": [5200, 5214]}, {"key": "the-agent-and-the-lenders", "type": "clause", "offset": [5235, 5260]}, {"key": "each-person", "type": "clause", "offset": [5271, 5282]}, {"key": "purposes-of-this-agreement", "type": "clause", "offset": [5352, 5378]}, {"key": "available-for-inspection", "type": "clause", "offset": [5402, 5426]}, {"key": "reasonable-time", "type": "clause", "offset": [5465, 5480]}, {"key": "upon-reasonable", "type": "clause", "offset": [5503, 5518]}, {"key": "prior-notice", "type": "clause", "offset": [5519, 5531]}, {"key": "upon-its-receipt-of-an-assignment", "type": "clause", "offset": [5537, 5570]}, {"key": "executed-by", "type": "clause", "offset": [5586, 5597]}, {"key": "form-of", "type": "definition", "offset": [5793, 5800]}, {"key": "exhibit-i", "type": "definition", "offset": [5801, 5810]}, {"key": "the-information", "type": "clause", "offset": [5874, 5889]}, {"key": "notice-thereof", "type": "clause", "offset": [5947, 5961]}, {"key": "assignment-by-a-lender", "type": "clause", "offset": [5999, 6021]}, {"key": "days-after", "type": "definition", "offset": [6043, 6053]}, {"key": "in-exchange", "type": "clause", "offset": [6158, 6169]}, {"key": "surrendered-notes", "type": "definition", "offset": [6178, 6195]}, {"key": "new-notes", "type": "definition", "offset": [6197, 6206]}, {"key": "order-of", "type": "clause", "offset": [6214, 6222]}, {"key": "equal-to", "type": "definition", "offset": [6257, 6265]}, {"key": "commitment-and-term", "type": "clause", "offset": [6287, 6306]}, {"key": "loans-hereunder", "type": "clause", "offset": [6454, 6469]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [6649, 6675]}, {"key": "responsible-to", "type": "clause", "offset": [7470, 7484]}, {"key": "the-holder", "type": "clause", "offset": [7582, 7592]}, {"key": "other-lenders", "type": "definition", "offset": [7684, 7697]}, {"key": "no-participant", "type": "clause", "offset": [7840, 7854]}, {"key": "right-to-approve", "type": "clause", "offset": [7899, 7915]}, {"key": "waiver-of", "type": "clause", "offset": [7933, 7942]}, {"key": "provision-of", "type": "clause", "offset": [7947, 7959]}, {"key": "consent-to", "type": "definition", "offset": [7990, 8000]}, {"key": "except-to-the-extent", "type": "clause", "offset": [8072, 8092]}, {"key": "waiver-or-consent", "type": "clause", "offset": [8114, 8131]}, {"key": "principal-of", "type": "definition", "offset": [8149, 8161]}, {"key": "interest-on", "type": "definition", "offset": [8166, 8177]}, {"key": "the-notes", "type": "clause", "offset": [8179, 8188]}, {"key": "other-amounts-payable", "type": "clause", "offset": [8204, 8225]}, {"key": "each-case", "type": "definition", "offset": [8240, 8249]}, {"key": "payment-of-principal", "type": "clause", "offset": [8327, 8347]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [8495, 8519]}, {"key": "the-collateral", "type": "clause", "offset": [8523, 8537]}, {"key": "the-participant-shall", "type": "clause", "offset": [8564, 8585]}, {"key": "by-the-agent", "type": "clause", "offset": [8605, 8617]}, {"key": "in-writing", "type": "definition", "offset": [8618, 8628]}, {"key": "assignment-or", "type": "clause", "offset": [8688, 8701]}, {"key": "proposed-assignment", "type": "definition", "offset": [8719, 8738]}, {"key": "proposed-assignee", "type": "definition", "offset": [8827, 8844]}, {"key": "relating-to", "type": "definition", "offset": [8877, 8888]}, {"key": "by-or-on-behalf-of", "type": "definition", "offset": [8928, 8946]}, {"key": "confidential-information-received-by-it", "type": "clause", "offset": [9143, 9182]}, {"key": "notwithstanding-any-other-provision", "type": "clause", "offset": [9205, 9240]}, {"key": "in-this-agreement", "type": "clause", "offset": [9251, 9268]}, {"key": "at-any-time", "type": "clause", "offset": [9285, 9296]}, {"key": "rights-under-this-agreement", "type": "clause", "offset": [9353, 9380]}, {"key": "in-favor-of", "type": "definition", "offset": [9469, 9480]}, {"key": "federal-reserve-bank", "type": "clause", "offset": [9485, 9505]}, {"key": "regulation-a", "type": "definition", "offset": [9525, 9537]}, {"key": "board-of-governors-of-the-federal-reserve-system", "type": "definition", "offset": [9545, 9593]}], "snippet": "(a) Each Lender may assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including, without limitation, all or an undivided portion of all of its Revolving Credit Commitment, Revolving Credit Loans and Term Loans and all Notes held by it); PROVIDED, HOWEVER, that (i) each such assignment shall be of a uniform, and not a varying, undivided percentage of all rights and obligations under and in respect of the Revolving Credit Commitments, Revolving Credit Loans and Term Loans; (ii) except in the case of an assignment to a Person that, immediately prior to such assignment, was a Lender or an assignment of all of a Lender's rights and obligations under this Agreement, the amount of the Revolving Credit Commitment of the assigning Lender being assigned pursuant to each such assignment (determined as of the date of the Assignment and Acceptance with respect to such assignment) shall in no event be less than $5,000,000; (iii) each such assignment shall be to an Eligible Assignee; (iv) no such assignments shall be permitted without the consent of the Agent and the Borrowers (not to be unreasonably withheld) except that if a Default or Event of Default shall have occurred and be continuing, the consent of the Borrowers shall not be required; and (v) the parties to each such assignment shall execute and deliver to the Agent, for its acceptance and recording in the Register, an Assignment and Acceptance, together with any Note or Notes subject to such assignment and a processing and recordation fee of $3,500.\n(b) Upon such execution, delivery, acceptance and recording, from and after the effective date specified in such Assignment and Acceptance, (i) the assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and Acceptance, have the rights and obligations of a Lender hereunder and (ii) the Lender assignor thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights and be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender's rights and obligations under this Agreement, such Lender shall cease to be a party hereto).\n(c) By executing and delivering an Assignment and Acceptance, the Lender assignor thereunder and the assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Acceptance, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or any other Loan Document or the execution, legality, validity, enforceability, genuineness, sufficiency or value of, or the perfection or priority of any lien or security interest created or purported to be created under or in connection with, this Agreement or any other Loan Document or any other instrument or document furnished pursuant hereto or thereto; (ii) such assigning Lender makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrowers or any of their Subsidiaries or the performance or observance by the Borrowers or their Subsidiaries of any of their obligations under any Facility Document or any other instrument or document furnished pursuant thereto; (iii) such assignee confirms that it has received a copy of this Agreement, together with copies of the financial statements referred to in sections 5.05 and 6.08(a) and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance; (iv) such assignee will, independently and without reliance upon the Agent, such assigning Lender or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; (v) such assignee confirms that it is an Eligible Assignee; (vi) such assignee appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under the Loan Documents as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto; and (vii) such assignee agrees that it will perform in accordance with their terms all of the obligations which by the terms of this Agreement are required to be performed by it as a Lender.\n(d) The Agent shall maintain at its address referred to in section 12.06 a copy of each Assignment and Acceptance delivered to and accepted by it and a register for the recordation of the names and addresses of the Lenders and the Revolving Credit Commitment and principal amount of the Loans owing to each Lender from time to time (the \"REGISTER\"). The entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and the Borrowers, the Agent and the Lenders may treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrowers or any Lender at any reasonable time and from time to time upon reasonable prior notice.\n(e) Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an assignee, together with any Note or Notes subject to such assignment, the Agent shall, if such Assignment and Acceptance has been completed and is in substantially the form of EXHIBIT I hereto, (i) accept such Assignment and Acceptance; (ii) record the information contained therein in the Register; and (iii) give prompt notice thereof to the Borrowers. In the case of any assignment by a Lender, within five Banking Days after its receipt of such notice, the Borrowers, at their own expense, shall execute and deliver to the Agent in exchange for the surrendered Notes, new Notes to the order of such Eligible Assignee in amounts equal to the Revolving Credit Commitment and Term Loans assumed by it pursuant to such Assignment and Acceptance and, if the assigning Lender has retained a Revolving Credit Commitment or any Term Loans hereunder, new Notes to the order of the assigning Lender in amounts equal to the Revolving Credit Commitment and Term Loans retained by it hereunder. Such new Note or Notes shall be in an aggregate principal amount equal to the aggregate principal amount of such surrendered Note or Notes, shall be dated the effective date of such Assignment and Acceptance and shall otherwise be in substantially the forms of EXHIBITS A-1 and A-2 hereto, respectively.\n(f) Each Lender may sell participations to one or more Persons (other than the Borrowers or any of their Affiliates) in or to all or any portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of its Revolving Credit Commitments, Revolving Credit Loans or Term Loans and any Note or Notes held by it); PROVIDED, HOWEVER, that (i) such Lender's obligations under this Agreement (including, without limitation, its Revolving Credit Commitment) shall remain unchanged; (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations; (iii) such Lender shall remain the holder of any such Note for all purposes of this Agreement; (iv) the Borrowers, the Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender's rights and obligations under this Agreement; (v) no participant under any such participation shall have any right to approve any amendment or waiver of any provision of any Facility Document, or any consent to any departure by the Borrowers or any of their Subsidiaries therefrom, except to the extent that such amendment, waiver or consent would reduce the principal of, or interest on, the Notes or any fees or other amounts payable hereunder, in each case to the extent subject to such participation, postpone any date fixed for any payment of principal of, or interest on, the Notes or any fees or other amounts payable hereunder, in each case to the extent subject to such participation, or release all or substantially all of the Collateral; and (vi) the identity of the participant shall have been approved by the Agent in writing to such Lender.\n(g) Any Lender may, in connection with any assignment or participation or proposed assignment or participation pursuant to this ss. 12.05, disclose to the assignee or participant or proposed assignee oR participant, any information relating to the Borrowers furnished to such Lender by or on behalf of the Borrowers; PROVIDED, HOWEVER, that, prior to any such disclosure, the assignee or participant or proposed assignee or participant shall agree in writing to preserve the confidentiality of any confidential information received by it from such Lender.\n(h) Notwithstanding any other provision set forth in this Agreement, any Lender may at any time create a security interest in all or any portion of its rights under this Agreement (including, without limitation, the Loans owing to it and the Note or Notes held by it) in favor of any Federal Reserve Bank in accordance with Regulation A of the Board of Governors of the Federal Reserve System.", "samples": [{"hash": "97cP9oL5iDK", "uri": "/contracts/97cP9oL5iDK#assignment-participations", "label": "Credit Agreement (Computer Task Group Inc)", "score": 18.0, "published": true}], "size": 47, "hash": "152770518976c0ee66441b0b7b2f9651", "id": 1}, {"snippet_links": [{"key": "lender-may", "type": "definition", "offset": [0, 10]}, {"key": "except-as-provided-in", "type": "clause", "offset": [51, 72]}, {"key": "the-last-sentence", "type": "clause", "offset": [73, 90]}, {"key": "the-federal-reserve-bank-of-new-york", "type": "definition", "offset": [134, 170]}, {"key": "other-entities", "type": "definition", "offset": [196, 210]}, {"key": "a-portion", "type": "definition", "offset": [222, 231]}, {"key": "rights-under-this-agreement", "type": "clause", "offset": [239, 266]}, {"key": "the-loan-documents", "type": "clause", "offset": [271, 289]}, {"key": "in-the-event-of", "type": "definition", "offset": [291, 306]}, {"key": "an-assignment", "type": "definition", "offset": [307, 320]}, {"key": "note-to", "type": "definition", "offset": [367, 374]}, {"key": "the-assignee", "type": "clause", "offset": [375, 387]}, {"key": "assignment-of-a", "type": "clause", "offset": [408, 423]}, {"key": "deliver-to", "type": "definition", "offset": [475, 485]}, {"key": "borrower-a", "type": "definition", "offset": [486, 496]}, {"key": "order-of", "type": "clause", "offset": [516, 524]}, {"key": "equal-to", "type": "definition", "offset": [551, 559]}, {"key": "the-principal-amount", "type": "definition", "offset": [560, 580]}, {"key": "amount-retained", "type": "clause", "offset": [683, 698]}, {"key": "by-lender", "type": "definition", "offset": [699, 708]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [772, 798]}, {"key": "assignment-and", "type": "clause", "offset": [883, 897]}, {"key": "upon-receipt-of", "type": "clause", "offset": [954, 969]}, {"key": "the-new-notes", "type": "clause", "offset": [970, 983]}, {"key": "borrower-shall", "type": "clause", "offset": [997, 1011]}, {"key": "reasonable-expense", "type": "definition", "offset": [1047, 1065]}, {"key": "to-lender", "type": "definition", "offset": [1109, 1118]}, {"key": "from-borrower", "type": "clause", "offset": [1159, 1172]}, {"key": "payments-under-this-agreement", "type": "clause", "offset": [1285, 1314]}, {"key": "prior-to", "type": "clause", "offset": [1340, 1348]}, {"key": "rights-hereunder", "type": "clause", "offset": [1457, 1473]}, {"key": "the-property", "type": "clause", "offset": [1521, 1533]}, {"key": "powers-and-rights", "type": "clause", "offset": [1675, 1692]}, {"key": "assignment-or-transfer", "type": "clause", "offset": [1753, 1775]}, {"key": "with-respect-to", "type": "clause", "offset": [1882, 1897]}, {"key": "property-transferred", "type": "clause", "offset": [1902, 1922]}, {"key": "and-lender", "type": "clause", "offset": [1924, 1934]}, {"key": "rights-and-powers", "type": "clause", "offset": [1952, 1969]}, {"key": "prior-consent-of-borrower", "type": "clause", "offset": [2052, 2077]}, {"key": "the-holder-of-this", "type": "definition", "offset": [2323, 2341]}, {"key": "in-connection-with", "type": "clause", "offset": [2445, 2463]}, {"key": "proposed-assignment", "type": "definition", "offset": [2591, 2610]}, {"key": "proposed-assignee", "type": "definition", "offset": [2681, 2698]}, {"key": "information-relating-to-borrower", "type": "clause", "offset": [2727, 2759]}, {"key": "by-or-on-behalf-of", "type": "definition", "offset": [2780, 2798]}, {"key": "participant-shall", "type": "definition", "offset": [2916, 2933]}, {"key": "agree-to", "type": "clause", "offset": [2934, 2942]}, {"key": "related-to", "type": "definition", "offset": [2991, 3001]}, {"key": "received-by", "type": "definition", "offset": [3011, 3022]}, {"key": "at-any-time", "type": "clause", "offset": [3085, 3096]}, {"key": "security-interest", "type": "clause", "offset": [3116, 3133]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [3181, 3219]}, {"key": "to-secure", "type": "clause", "offset": [3220, 3229]}, {"key": "obligations-of-lender", "type": "clause", "offset": [3230, 3251]}, {"key": "assignment-to", "type": "clause", "offset": [3277, 3290]}, {"key": "agreement-or", "type": "definition", "offset": [3441, 3453]}, {"key": "party-to-this-agreement", "type": "definition", "offset": [3537, 3560]}], "snippet": "Lender may assign without the consent of Borrower (except as provided in the last sentence hereof), to any of Lender\u2019s Affiliates, or the Federal Reserve Bank of New York, or one or more banks or other entities, or all or a portion of its rights under this Agreement and the Loan Documents. In the event of an assignment of all of its rights, Lender may transfer the Note to the assignee. In the event of an assignment of a portion of its rights under the Note, Lender shall deliver to Borrower a new note(s) to the order of the assignee in an amount equal to the principal amount assigned to the assignee and a new note(s) to the order of Lender in an amount equal to the principal amount retained by Lender (collectively, the \u201cNew Notes\u201d). Such New Notes shall be in an aggregate principal amount equal to the principal amount of the Note, shall be dated the effective date of the assignment and otherwise shall be substantially identical to the Note. Upon receipt of the New Notes from Lender, Borrower shall execute such New Notes and, at the reasonable expense of Lender, promptly deliver such New Notes to Lender. Upon receipt of the executed New Notes from Borrower, Lender shall return the Note(s) to Borrower. Lender and the assignee shall make all appropriate adjustments in payments under this Agreement and the Note for periods prior to such effective date directly between themselves. In the event of an assignment of all or any portion of its rights hereunder, Lender may transfer and deliver all or any of the property then held by it as security for Borrower\u2019s Obligations hereunder to the assignee and the assignee shall thereupon become vested with all the powers and rights herein given to Lender with respect thereto. After any such assignment or transfer, Lender shall be forever relieved and fully discharged from any liability or responsibility in the matter with respect to the property transferred, and Lender shall retain all rights and powers hereby given with respect to property not so transferred. Lender may, without the prior consent of Borrower, sell participations to any of Lender\u2019s Affiliates or the Federal Reserve Bank of New York, or one or more banks or other entities, in or to all or a portion of its rights under the Note; provided, however, that in such case Lender shall remain the holder of this Agreement and the Note and accordingly Borrower shall continue to deal solely and directly with Lender in connection with Lender\u2019s rights under this Agreement and the Loan Documents. Lender may, in connection with any assignment or participation or proposed assignment or proposed participation, disclose to the assignee or participant or proposed assignee or proposed participant any Information relating to Borrower furnished to Lender by or on behalf of Borrower, provided, that, prior to any such disclosure, the assignee or participant or proposed assignee or proposed participant shall agree to preserve the confidentiality of any Information related to Borrower received by it from Lender as provided in Section 8.18 hereof. Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement and the other Loan Documents to secure obligations of Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided, that no such pledge or assignment shall release Lender from any of its obligations under this Agreement or any other Loan Document or substitute any such pledgee or assignee for Lender as a party to this Agreement or any other Loan Document.", "samples": [{"hash": "8XRgoFJ3IgZ", "uri": "/contracts/8XRgoFJ3IgZ#assignment-participations", "label": "Revolving Loan Agreement (Viggle Inc.)", "score": 25.0985622406, "published": true}, {"hash": "5C1uc4AcJ3j", "uri": "/contracts/5C1uc4AcJ3j#assignment-participations", "label": "Revolving Loan Agreement (Universal Insurance Holdings, Inc.)", "score": 24.2553043365, "published": true}, {"hash": "a85wJpOYsCa", "uri": "/contracts/a85wJpOYsCa#assignment-participations", "label": "Term Loan Agreement (Viggle Inc.)", "score": 24.200548172, "published": true}], "size": 29, "hash": "b4f1af3a51b03380ecac9dca0ac6c343", "id": 2}, {"snippet_links": [{"key": "binding-upon", "type": "clause", "offset": [28, 40]}, {"key": "inure-to-the-benefit", "type": "clause", "offset": [52, 72]}, {"key": "the-borrowers", "type": "clause", "offset": [77, 90]}, {"key": "swingline-bank", "type": "definition", "offset": [135, 149]}, {"key": "the-issuing-bank", "type": "clause", "offset": [151, 167]}, {"key": "successors-and-assigns", "type": "definition", "offset": [189, 211]}, {"key": "no-borrower", "type": "definition", "offset": [225, 236]}, {"key": "rights-or-obligations", "type": "clause", "offset": [264, 285]}, {"key": "approval-of", "type": "clause", "offset": [316, 327]}, {"key": "assignment-or-transfer", "type": "clause", "offset": [368, 390]}, {"key": "null-and-void", "type": "definition", "offset": [421, 434]}, {"key": "the-approval", "type": "clause", "offset": [463, 475]}, {"key": "no-event-of-default-exists", "type": "clause", "offset": [556, 582]}, {"key": "commencement-of", "type": "clause", "offset": [602, 617]}, {"key": "with-respect-to", "type": "clause", "offset": [625, 640]}, {"key": "federal-bankruptcy-code", "type": "clause", "offset": [662, 685]}, {"key": "foreign-law", "type": "clause", "offset": [873, 884]}, {"key": "lender-may", "type": "definition", "offset": [953, 963]}, {"key": "finance-companies", "type": "definition", "offset": [993, 1010]}, {"key": "other-financial-institutions", "type": "definition", "offset": [1025, 1053]}, {"key": "a-portion", "type": "definition", "offset": [1061, 1070]}, {"key": "rights-and-obligations-under-this-agreement", "type": "clause", "offset": [1078, 1121]}, {"key": "the-syndicated-loans", "type": "clause", "offset": [1189, 1209]}, {"key": "participations-in-letters-of-credit", "type": "clause", "offset": [1230, 1265]}, {"key": "swingline-loans", "type": "definition", "offset": [1273, 1288]}, {"key": "assigning-lender", "type": "definition", "offset": [1401, 1417]}, {"key": "commitment-of-the", "type": "clause", "offset": [1842, 1859]}, {"key": "the-assignment-and-assumption-agreement", "type": "clause", "offset": [1965, 2004]}, {"key": "in-no-event", "type": "clause", "offset": [2044, 2055]}, {"key": "integral-multiple", "type": "definition", "offset": [2119, 2136]}, {"key": "the-parties", "type": "definition", "offset": [2180, 2191]}, {"key": "deliver-to", "type": "definition", "offset": [2234, 2244]}, {"key": "approval-and-acceptance", "type": "clause", "offset": [2279, 2302]}, {"key": "exhibit-e", "type": "definition", "offset": [2388, 2397]}, {"key": "agent-shall", "type": "definition", "offset": [2546, 2557]}, {"key": "the-assignor", "type": "definition", "offset": [2571, 2583]}, {"key": "in-the-case-of-an", "type": "clause", "offset": [2589, 2606]}, {"key": "section-47", "type": "clause", "offset": [2630, 2641]}, {"key": "processing-fee", "type": "clause", "offset": [2662, 2676]}, {"key": "five-thousand", "type": "clause", "offset": [2680, 2693]}, {"key": "right-of-the-administrative-agent", "type": "clause", "offset": [2736, 2769]}, {"key": "finance-company", "type": "definition", "offset": [3196, 3211]}, {"key": "an-interest", "type": "clause", "offset": [3278, 3289]}, {"key": "lender-hereunder", "type": "clause", "offset": [3295, 3311]}, {"key": "proposed-assignee", "type": "definition", "offset": [3318, 3335]}, {"key": "existing-lender", "type": "definition", "offset": [3347, 3362]}, {"key": "a-bank", "type": "clause", "offset": [3366, 3372]}, {"key": "debt-obligations", "type": "clause", "offset": [3553, 3569]}, {"key": "rating-agency", "type": "definition", "offset": [3656, 3669]}, {"key": "total-assets", "type": "clause", "offset": [3722, 3734]}, {"key": "on-the-effective-date", "type": "clause", "offset": [3847, 3868]}, {"key": "the-applicable", "type": "clause", "offset": [3882, 3896]}, {"key": "the-assignee", "type": "clause", "offset": [3938, 3950]}, {"key": "party-hereto", "type": "definition", "offset": [3977, 3989]}, {"key": "for-purposes-hereof", "type": "definition", "offset": [4005, 4024]}, {"key": "to-the-extent", "type": "clause", "offset": [4030, 4043]}, {"key": "pursuant-to-such", "type": "clause", "offset": [4107, 4123]}, {"key": "rights-and-obligations-of", "type": "clause", "offset": [4176, 4201]}, {"key": "article-4", "type": "clause", "offset": [4434, 4443]}, {"key": "section-123", "type": "clause", "offset": [4448, 4460]}, {"key": "in-respect-of", "type": "clause", "offset": [4461, 4474]}, {"key": "the-period", "type": "clause", "offset": [4475, 4485]}, {"key": "prior-to-the-effective-date", "type": "clause", "offset": [4486, 4513]}, {"key": "by-executing-and-delivering-an-assignment-and-assumption", "type": "clause", "offset": [4612, 4668]}, {"key": "parties-hereto", "type": "clause", "offset": [4790, 4804]}, {"key": "warranty-and", "type": "clause", "offset": [4938, 4950]}, {"key": "no-responsibility", "type": "clause", "offset": [4959, 4976]}, {"key": "warranties-or-representations", "type": "clause", "offset": [5009, 5038]}, {"key": "in-connection-with", "type": "clause", "offset": [5050, 5068]}, {"key": "agreement-or", "type": "definition", "offset": [5074, 5086]}, {"key": "the-execution", "type": "clause", "offset": [5118, 5131]}, {"key": "condition-of-the-parent", "type": "definition", "offset": [5438, 5461]}, {"key": "the-performance", "type": "clause", "offset": [5483, 5498]}, {"key": "by-the-parent", "type": "clause", "offset": [5513, 5526]}, {"key": "subsidiary-of", "type": "definition", "offset": [5534, 5547]}, {"key": "respective-obligations", "type": "clause", "offset": [5561, 5583]}, {"key": "copy-of-this-agreement", "type": "clause", "offset": [5727, 5749]}, {"key": "copies-of-the", "type": "clause", "offset": [5765, 5778]}, {"key": "most-recent-financial-statements", "type": "definition", "offset": [5779, 5811]}, {"key": "other-documents-and-information", "type": "clause", "offset": [5888, 5919]}, {"key": "analysis-and-decision", "type": "clause", "offset": [5972, 5993]}, {"key": "to-enter", "type": "definition", "offset": [5994, 6002]}, {"key": "based-on", "type": "definition", "offset": [6187, 6195]}, {"key": "at-the-time", "type": "definition", "offset": [6256, 6267]}, {"key": "credit-decisions", "type": "clause", "offset": [6294, 6310]}, {"key": "taking-action", "type": "definition", "offset": [6328, 6341]}, {"key": "to-exercise", "type": "clause", "offset": [6478, 6489]}, {"key": "administrative-agent-by", "type": "definition", "offset": [6580, 6603]}, {"key": "the-terms", "type": "clause", "offset": [6604, 6613]}, {"key": "in-accordance-with", "type": "definition", "offset": [6749, 6767]}, {"key": "the-obligations", "type": "clause", "offset": [6787, 6802]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [6816, 6839]}, {"key": "performed-by", "type": "clause", "offset": [6859, 6871]}, {"key": "accepted-by", "type": "definition", "offset": [7000, 7011]}, {"key": "names-and-addresses", "type": "clause", "offset": [7036, 7055]}, {"key": "from-time-to-time", "type": "clause", "offset": [7259, 7276]}, {"key": "each-borrower", "type": "clause", "offset": [7278, 7291]}, {"key": "the-administrative-agent-and-the-lenders", "type": "clause", "offset": [7293, 7333]}, {"key": "each-person", "type": "clause", "offset": [7344, 7355]}, {"key": "purposes-of-this-agreement", "type": "clause", "offset": [7412, 7438]}, {"key": "available-for-inspection", "type": "clause", "offset": [7461, 7485]}, {"key": "upon-its-receipt-of-an-assignment", "type": "clause", "offset": [7524, 7557]}, {"key": "executed-by", "type": "clause", "offset": [7583, 7594]}, {"key": "consented-to-by", "type": "definition", "offset": [7635, 7650]}, {"key": "consent-of-the-parent", "type": "definition", "offset": [7683, 7704]}, {"key": "an-event-of-default", "type": "clause", "offset": [7726, 7745]}, {"key": "properly-completed", "type": "definition", "offset": [8183, 8201]}, {"key": "form-of", "type": "definition", "offset": [8230, 8237]}, {"key": "the-information", "type": "clause", "offset": [8314, 8329]}, {"key": "notice-thereof", "type": "clause", "offset": [8370, 8384]}, {"key": "on-behalf-of", "type": "definition", "offset": [8400, 8412]}, {"key": "foreign-subsidiary-borrowers", "type": "clause", "offset": [8428, 8456]}, {"key": "upon-request", "type": "clause", "offset": [8475, 8487]}, {"key": "borrower-shall", "type": "clause", "offset": [8494, 8508]}, {"key": "promissory-notes", "type": "definition", "offset": [8569, 8585]}, {"key": "in-favor-of", "type": "definition", "offset": [8586, 8597]}, {"key": "pro-rata-percentage", "type": "definition", "offset": [8639, 8658]}, {"key": "the-total-revolving-credit-commitment", "type": "clause", "offset": [8662, 8699]}, {"key": "assignor-shall", "type": "clause", "offset": [8715, 8729]}, {"key": "the-original", "type": "clause", "offset": [8805, 8817]}, {"key": "loans-shall", "type": "definition", "offset": [8894, 8905]}, {"key": "including-without-limitation", "type": "clause", "offset": [9216, 9244]}, {"key": "responsible-to", "type": "clause", "offset": [9579, 9593]}, {"key": "no-rights", "type": "clause", "offset": [9694, 9703]}, {"key": "the-facility", "type": "definition", "offset": [9717, 9729]}, {"key": "other-lenders", "type": "definition", "offset": [9794, 9807]}, {"key": "with-regard-to", "type": "clause", "offset": [9949, 9963]}, {"key": "payments-to-be-made", "type": "clause", "offset": [9976, 9995]}, {"key": "the-agreement", "type": "clause", "offset": [10040, 10053]}, {"key": "the-participant-shall-not", "type": "clause", "offset": [10090, 10115]}, {"key": "right-to", "type": "definition", "offset": [10141, 10149]}, {"key": "any-action", "type": "definition", "offset": [10194, 10204]}, {"key": "relating-to", "type": "definition", "offset": [10238, 10249]}, {"key": "extension-of", "type": "clause", "offset": [10258, 10270]}, {"key": "payment-date", "type": "definition", "offset": [10273, 10285]}, {"key": "principal-of", "type": "definition", "offset": [10321, 10333]}, {"key": "interest-on-any", "type": "clause", "offset": [10337, 10352]}, {"key": "outstanding-hereunder", "type": "definition", "offset": [10360, 10381]}, {"key": "allocated-to", "type": "definition", "offset": [10382, 10394]}, {"key": "reduction-of", "type": "clause", "offset": [10422, 10434]}, {"key": "principal-amount-outstanding", "type": "definition", "offset": [10439, 10467]}, {"key": "interest-payable", "type": "clause", "offset": [10546, 10562]}, {"key": "fees-payable", "type": "clause", "offset": [10595, 10607]}, {"key": "to-receive", "type": "definition", "offset": [10704, 10714]}, {"key": "borrower-will", "type": "clause", "offset": [10762, 10775]}, {"key": "cooperate-with", "type": "clause", "offset": [10802, 10816]}, {"key": "administrative-agent-and-lenders", "type": "definition", "offset": [10821, 10853]}, {"key": "assignment-of-interests", "type": "clause", "offset": [10877, 10900]}, {"key": "sale-of-participations", "type": "clause", "offset": [10929, 10951]}, {"key": "no-lender", "type": "clause", "offset": [10964, 10973]}, {"key": "agreement-to", "type": "clause", "offset": [11071, 11083]}, {"key": "affiliate-of", "type": "definition", "offset": [11102, 11114]}, {"key": "to-sell", "type": "clause", "offset": [11156, 11163]}, {"key": "concerning-the", "type": "clause", "offset": [11234, 11248]}, {"key": "possession-of", "type": "clause", "offset": [11282, 11295]}, {"key": "assignees-and-participants", "type": "clause", "offset": [11329, 11355]}, {"key": "prospective-assignees", "type": "definition", "offset": [11367, 11388]}, {"key": "provided-that", "type": "definition", "offset": [11408, 11421]}, {"key": "in-writing", "type": "definition", "offset": [11534, 11544]}, {"key": "to-maintain", "type": "clause", "offset": [11545, 11556]}, {"key": "such-information", "type": "definition", "offset": [11580, 11596]}, {"key": "assignments-and-participations", "type": "definition", "offset": [11651, 11681]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [11712, 11738]}, {"key": "comply-with", "type": "clause", "offset": [11776, 11787]}, {"key": "the-formal", "type": "clause", "offset": [11795, 11805]}, {"key": "procedural-requirements", "type": "clause", "offset": [11809, 11832]}, {"key": "loans-to", "type": "clause", "offset": [11926, 11934]}, {"key": "federal-reserve-bank", "type": "clause", "offset": [11980, 12000]}, {"key": "collateral-security", "type": "definition", "offset": [12004, 12023]}, {"key": "regulation-a", "type": "definition", "offset": [12036, 12048]}, {"key": "board-of-governors-of-the-federal-reserve-system", "type": "definition", "offset": [12056, 12104]}, {"key": "operating-circular", "type": "definition", "offset": [12113, 12131]}, {"key": "issued-by", "type": "definition", "offset": [12132, 12141]}], "snippet": "(a) This Agreement shall be binding upon, and shall inure to the benefit of, the Borrowers, the Administrative Agent, the Lenders, the Swingline Bank, the Issuing Bank and their respective successors and assigns, except that no Borrower may assign or transfer its rights or obligations hereunder without the written approval of all the Lenders (and any attempted such assignment or transfer without such consent shall be null and void).\n(b) After first obtaining the approval of the Administrative Agent, the Swingline Bank, the Issuing Bank and (provided no Event of Default exists as a result of the commencement of a case with respect to the Parent under the Federal Bankruptcy Code or as a result of the commencement of a bankruptcy, insolvency, reorganization, receivership or similar proceeding with respect to either Foreign Subsidiary Borrower under Swiss or other foreign law) the Parent, which approval will not be unreasonably withheld, each Lender may assign to one or more banks, finance companies, insurance or other financial institutions all or a portion of its rights and obligations under this Agreement (including all or a portion of its Revolving Credit Commitment and the Syndicated Loans owing to it and its participations in Letters of Credit and in Swingline Loans); provided, however, that (i) each such assignment shall be of a constant, and not a varying, percentage of the assigning Lender's rights and obligations under this Agreement and the assignment shall cover the same percentage of such Lender's Revolving Credit Commitment and Syndicated Loans and participations in Letters of Credit and in Swingline Loans; (ii) unless the Administrative Agent and the Parent otherwise consent or all the assigning Lender's Revolving Credit Commitment is being assigned to an assignee, the amount of the Revolving Credit Commitment of the assigning Lender being assigned pursuant to each such assignment (determined as of the effective date of the Assignment and Assumption Agreement with respect to such assignment) shall in no event be less than Five Million Dollars ($5,000,000) and shall be an integral multiple of One Million Dollars ($1,000,000); (iii) the parties to each such assignment shall execute and deliver to the Administrative Agent, for its approval and acceptance, an Assignment and Assumption Agreement in substantially the form attached hereto as Exhibit E with such changes therein (if any) as the Administrative Agent may approve (the \"Assignment and Assumption Agreement\"); and (iv) the Administrative Agent shall receive from the assignor (or, in the case of an assignment pursuant to Section 4.7, from the Parent) a processing fee of Five Thousand Dollars ($5,000). Without restricting the right of the Administrative Agent, the Swingline Bank, the Issuing Bank or (provided no Event of Default exists as a result of the commencement of a case with respect to the Parent under the Federal Bankruptcy Code or as a result of the commencement of a bankruptcy, insolvency, reorganization, receivership or similar proceeding with respect to either Foreign Subsidiary Borrower under Swiss or other foreign law) the Parent to reasonably object to any bank, finance company, insurance or other financial institution becoming an assignee of an interest of a Lender hereunder, each proposed assignee must be an existing Lender or a bank, finance company, insurance or other financial institution which (i) has (or, in the case of a bank which is a subsidiary, such bank's parent has) a rating of its senior unsecured debt obligations of not less than Baa-1 by Moody's Investors Service, Inc. o\u2587 \u2587 \u2587\u2587\u2587parable rating by a rating agency acceptable to the Administrative Agent and (ii) has total assets in excess of Ten Billion Dollars ($10,000,000,000). Upon such execution, delivery, approval and acceptance, and on the effective date specified in the applicable Assignment and Assumption Agreement, (a) the assignee thereunder shall become a party hereto and a \"Lender\" for purposes hereof and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and Assumption Agreement, shall have the rights and obligations of a Lender hereunder and (b) the Lender-assignor thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such Assignment and Assumption Agreement, relinquish its rights (except under Article 4 and Section 12.3 in respect of the period prior to the effective date of such Assignment and Assumption) and be released from its obligations under this Agreement.\n(c) By executing and delivering an Assignment and Assumption Agreement, the Lender-assignor thereunder and the assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Assumption Agreement, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or any other Facility Document or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other Facility Document or any other instrument or document furnished pursuant hereto; (ii) such assigning Lender makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Parent or any Subsidiary or the performance or observance by the Parent or any Subsidiary of any of their respective obligations under any Facility Document or any other instrument or document furnished pursuant hereto; (iii) such assignee confirms that it has received a copy of this Agreement, together with copies of the most recent financial statements referred to in Section 7.8(a) and (b) and such other Facility Documents and other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Assumption Agreement; (iv) such assignee will, independently and without reliance upon the Administrative Agent, such assigning Lender or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; (v) such assignee appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under this Agreement and the other Facility Documents as are delegated to the Administrative Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto; and (vi) such assignee agrees that it will perform in accordance with their terms all of the obligations which by the terms of this Agreement are required to be performed by it as a Lender.\n(d) The Administrative Agent shall maintain a copy of each Assignment and Assumption Agreement delivered to and accepted by it and shall record the names and addresses of each Lender and the Revolving Credit Commitment of, and principal amount of the Syndicated Loans owing to, and the amount of participations in Letters of Credit and in Swingline Loans of, such Lender from time to time. Each Borrower, the Administrative Agent and the Lenders may treat each Person whose name is so recorded as a Lender hereunder for all purposes of this Agreement. Such record shall be available for inspection by each Borrower and each Lender.\n(e) Upon its receipt of an Assignment and Assumption Agreement executed by an assigning Lender and an assignee and consented to by the Parent (except that no such consent of the Parent shall be required if an Event of Default exists as a result of the commencement of a case with respect to the Parent under the Federal Bankruptcy Code or as a result of the commencement of a bankruptcy, insolvency, reorganization, receivership or similar proceeding with respect to either Foreign Subsidiary Borrower under Swiss or other foreign law), the Swingline Bank and the Issuing Bank, the Administrative Agent shall, if such Assignment and Assumption Agreement has been properly completed and is in substantially the form of Exhibit E, (i) accept such Assignment and Assumption Agreement, (ii) record the information contained therein and (iii) give prompt notice thereof to the Parent (on behalf of itself and the Foreign Subsidiary Borrowers) and the Lenders. Upon request, each Borrower shall execute and deliver to the Administrative Agent appropriate promissory notes in favor of each assignee evidencing such assignee's Pro Rata Percentage of the Total Revolving Credit Commitment. If the Lender-assignor shall have assigned its entire Revolving Credit Commitment and Syndicated Loans, the original promissory notes evidencing such Revolving Credit Commitment and Syndicated Loans shall be cancelled and returned to the Parent (on behalf of itself or the applicable Foreign Subsidiary Borrower).\n(f) Each Lender may sell participations to one or more banks, finance companies, insurance or other financial institutions in or to all or a portion of its rights and obligations under this Agreement (including without limitation all or a portion of its Revolving Credit Commitment and the Syndicated Loans owing to it); provided, however, that (i) such Lender's obligations under this Agreement (including without limitation its Revolving Credit Commitment and its participations in Letters of Credit) shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, (iii) such participant shall have no rights under any of the Facility Documents, (iv) each Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender's rights and obligations under this Agreement and with regard to any and all payments to be made under this Agreement and its Notes, and (v) the agreement executed by such Lender in favor of the participant shall not give the participant the right to require such Lender to take or omit to take any action hereunder except action directly relating to (i) the extension of a payment date with respect to any portion of the principal of or interest on any amount outstanding hereunder allocated to such participant, (ii) the reduction of the principal amount outstanding hereunder allocated to such participant or (iii) the reduction of the rate of interest payable on such amount or any amount of fees payable hereunder to a rate or amount, as the case may be, below that which the participant is entitled to receive under its agreement with such Lender.\n(g) Each Borrower will use reasonable efforts to cooperate with the Administrative Agent and Lenders in connection with the assignment of interests under this Agreement or the sale of participations herein.\n(h) No Lender shall be permitted to assign or sell all or any portion of its rights and obligations under this Agreement to the Parent or any Affiliate of the Parent.\n(i) Any Lender that proposes to sell any assignment or participation hereunder may furnish any information concerning the Parent and its Affiliates in the possession of such Lender from time to time to assignees and participants (including prospective assignees and participants); provided that such Lender shall require any such prospective assignee or such participant (prospective or otherwise) to agree in writing to maintain the confidentiality of such information, as provided in Section 12.14.\n(j) In addition to the assignments and participations permitted under the foregoing provisions of this Section, any Lender may (without any need to comply with any of the formal or procedural requirements of this Section) assign and pledge all or any portion of its Revolving Credit Commitment and Loans to (i) any Affiliate of such Lender or (ii) any Federal Reserve Bank as collateral security pursuant to Regulation A of the Board of Governors of the Federal Reserve System and any Operating Circular issued by such Federal Reserve Bank. No such assignment shall release the assigning Lender from its obligations hereunder.", "samples": [{"hash": "jeyH8JbWxoH", "uri": "/contracts/jeyH8JbWxoH#assignment-participations", "label": "Credit Agreement (Movado Group Inc)", "score": 18.0, "published": true}], "size": 8, "hash": "43f960ac33d3fdb88d2c4a77d053a392", "id": 3}, {"snippet_links": [{"key": "the-collateral", "type": "clause", "offset": [89, 103]}, {"key": "the-transferee", "type": "clause", "offset": [117, 131]}, {"key": "same-rights", "type": "clause", "offset": [147, 158]}, {"key": "responsibility-for", "type": "clause", "offset": [243, 261]}, {"key": "from-time-to-time", "type": "clause", "offset": [304, 321]}, {"key": "collateral-for-the-obligations", "type": "clause", "offset": [395, 425]}, {"key": "rights-of", "type": "definition", "offset": [508, 517]}, {"key": "with-respect-to", "type": "clause", "offset": [558, 573]}], "snippet": "a. RZB may assign any or all of the Obligations and may transfer therewith any or all of the Collateral therefor and the transferee shall have the same rights with respect thereto as had RZB. Upon such transfer, RZB shall be released from all responsibility for the Collateral so transferred.\nb. RZB may from time to time sell or otherwise grant participations in any of the Obligations and any Collateral for the Obligations. Obligor agrees that each such holder of a participation may exercise any and all rights of banker\u2019s lien, set-off and counterclaim with respect to its participation in the Obligations as fully as though Obligor were directly indebted to such holder in the amount of such participation.", "samples": [{"hash": "jv3FDP79wH3", "uri": "/contracts/jv3FDP79wH3#assignment-participations", "label": "General Security Agreement", "score": 31.3408622742, "published": true}, {"hash": "i6BVolDSB0z", "uri": "/contracts/i6BVolDSB0z#assignment-participations", "label": "General Security Agreement (FCStone Group, Inc.)", "score": 21.0, "published": true}, {"hash": "eYaXyzYyHPt", "uri": "/contracts/eYaXyzYyHPt#assignment-participations", "label": "General Security Agreement (Penn Octane Corp)", "score": 21.0, "published": true}], "size": 7, "hash": "8d915cd3b0c1645666edcdef7cf9e815", "id": 4}, {"snippet_links": [{"key": "binding-upon", "type": "clause", "offset": [24, 36]}, {"key": "inure-to-the-benefit", "type": "clause", "offset": [48, 68]}, {"key": "the-debtors", "type": "clause", "offset": [73, 84]}, {"key": "successors-and-assigns", "type": "definition", "offset": [121, 143]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [149, 177]}, {"key": "the-facility", "type": "definition", "offset": [181, 193]}, {"key": "rights-or-obligations", "type": "clause", "offset": [249, 270]}, {"key": "consent-of-the-lender", "type": "clause", "offset": [307, 328]}, {"key": "without-limiting-the-generality-of-the-foregoing", "type": "clause", "offset": [330, 378]}, {"key": "lender-may", "type": "definition", "offset": [384, 394]}, {"key": "to-the-extent", "type": "clause", "offset": [526, 539]}, {"key": "the-credit-agreement", "type": "clause", "offset": [580, 600]}, {"key": "any-other-person", "type": "definition", "offset": [605, 621]}, {"key": "the-rights-and-obligations", "type": "clause", "offset": [687, 713]}, {"key": "granted-to", "type": "definition", "offset": [733, 743]}, {"key": "hereby-acknowledge", "type": "clause", "offset": [825, 843]}, {"key": "the-note", "type": "clause", "offset": [915, 923]}, {"key": "in-respect-of", "type": "clause", "offset": [967, 980]}, {"key": "without-limitation", "type": "clause", "offset": [1016, 1034]}, {"key": "the-terms-and-conditions", "type": "clause", "offset": [1055, 1079]}, {"key": "in-the-event", "type": "clause", "offset": [1115, 1127]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [1215, 1236]}, {"key": "sole-discretion", "type": "definition", "offset": [1281, 1296]}, {"key": "financial-and-other-information", "type": "definition", "offset": [1307, 1338]}, {"key": "with-respect-to", "type": "clause", "offset": [1369, 1384]}, {"key": "cooperate-with", "type": "clause", "offset": [1420, 1434]}, {"key": "in-connection-with", "type": "clause", "offset": [1446, 1464]}, {"key": "all-documents", "type": "definition", "offset": [1514, 1527]}, {"key": "representation-and-agreement", "type": "clause", "offset": [1667, 1695]}, {"key": "in-this-agreement", "type": "clause", "offset": [1716, 1733]}, {"key": "other-facility-documents", "type": "definition", "offset": [1742, 1766]}, {"key": "a-party", "type": "clause", "offset": [1782, 1789]}], "snippet": "This Agreement shall be binding upon, and shall inure to the benefit of, the Debtors and the Lender and their respective successors and assigns, and except as otherwise provided in the Facility Documents, no Debtor may assign or transfer any of its rights or obligations hereunder without the prior written consent of the Lender. Without limiting the generality of the foregoing, the Lender may assign or transfer all or any portion of its rights and obligations under any Facility Document, under the terms of this Agreement to the extent provided in and subject to the terms of the Credit Agreement, to any other Person, and such other Person shall thereupon become vested with all of the rights and obligations in respect thereof granted to the Lender herein. Without limiting the generality of the foregoing, the Debtors hereby acknowledge that the Lender may sell, grant or assign participation interest(s) in the Note and in the Lender's rights and obligations in respect of the Facility Documents, including, without limitation, this Agreement, on the terms and conditions set forth in the Credit Agreement. In the event that the Lender shall sell, grant or assign such participation interest(s), subject to the provisions of the Credit Agreement (a) the Lender may, in its sole discretion, disclose financial and other information to prospective participant(s) with respect to the Debtors, (b) the Debtors shall cooperate with the Lender in connection with any such participation and shall execute any and all documents which may be necessary or desirable, in the Lender's or such participant's judgment, to effectuate any such participation(s), and (c) each representation and agreement made by the Debtors in this Agreement and the other Facility Documents to which it is a party shall run to the benefit of such participant(s).", "samples": [{"hash": "gSGTwCH98sN", "uri": "/contracts/gSGTwCH98sN#assignment-participations", "label": "Security Agreement (Kroll Inc)", "score": 16.0, "published": true}], "size": 6, "hash": "9150d01565aa76a698416226c089254d", "id": 5}, {"snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [0, 14]}, {"key": "rights-or-obligations", "type": "clause", "offset": [30, 51]}, {"key": "without-lender", "type": "definition", "offset": [62, 76]}, {"key": "lender-may", "type": "definition", "offset": [88, 98]}, {"key": "the-loan-documents", "type": "clause", "offset": [188, 206]}, {"key": "any-person", "type": "definition", "offset": [210, 220]}, {"key": "to-lender", "type": "definition", "offset": [337, 346]}, {"key": "in-connection-with", "type": "clause", "offset": [347, 365]}, {"key": "lender-assigns", "type": "clause", "offset": [467, 481]}, {"key": "the-purchaser-will", "type": "clause", "offset": [542, 560]}, {"key": "right-of-set", "type": "clause", "offset": [570, 582]}, {"key": "against-borrower", "type": "clause", "offset": [587, 603]}], "snippet": "Borrower shall not assign its rights or obligations hereunder without Lender's consent. Lender may assign or sell participations in all or any portion of its interest in the Loan or under the Loan Documents to any Person. Lender may disclose to any actual or potential assignee or participant any information that Borrower has delivered to Lender in connection with the Loan Documents; and Borrower shall cooperate fully with Lender in providing that information. If Lender assigns or sells a participation in the Loan or the Loan Documents, the purchaser will have the right of set-off against Borrower.", "samples": [{"hash": "9Y6R9QLtasA", "uri": "/contracts/9Y6R9QLtasA#assignment-participations", "label": "Credit Agreement (Owens Realty Mortgage, Inc.)", "score": 25.9938392639, "published": true}, {"hash": "H4rUpBqhGM", "uri": "/contracts/H4rUpBqhGM#assignment-participations", "label": "Credit Agreement (Qad Inc)", "score": 23.4257354736, "published": true}], "size": 4, "hash": "48cb556151fcc60605a7b334fb337421", "id": 6}, {"snippet_links": [{"key": "the-collateral", "type": "clause", "offset": [90, 104]}, {"key": "in-accordance-with", "type": "definition", "offset": [114, 132]}, {"key": "loan-agreements", "type": "definition", "offset": [165, 180]}, {"key": "the-transferee", "type": "clause", "offset": [185, 199]}, {"key": "same-rights", "type": "clause", "offset": [215, 226]}, {"key": "responsibility-for", "type": "clause", "offset": [311, 329]}, {"key": "from-time-to-time", "type": "clause", "offset": [373, 390]}, {"key": "the-holder", "type": "clause", "offset": [527, 537]}, {"key": "terms-of", "type": "clause", "offset": [586, 594]}, {"key": "agreement-between", "type": "clause", "offset": [599, 616]}, {"key": "same-benefits", "type": "clause", "offset": [657, 670]}, {"key": "with-respect-to", "type": "clause", "offset": [671, 686]}, {"key": "collateral-for-the-obligations", "type": "clause", "offset": [691, 721]}, {"key": "a-participant", "type": "definition", "offset": [746, 759]}, {"key": "rights-of", "type": "definition", "offset": [830, 839]}], "snippet": "(a) BNY may assign any or all of the Obligations and may transfer therewith any or all of the Collateral therefor in accordance with the provisions of the Affiliate Loan Agreements and the transferee shall have the same rights with respect thereto as had BNY. Upon such transfer, BNY shall be released from all responsibility for the Collateral so transferred.\n(b) BNY may from time to time sell or otherwise grant participations in any of the Obligations in accordance with the provisions of the Affiliate Loan Agreements and the holder of any such participation shall, subject to the terms of any agreement between BNY and such holder, be entitled to the same benefits with respect to any Collateral for the Obligations in which such holder is a participant as BNY. Obligor agrees that each such holder may exercise any and all rights of banker's lien, set-off and counterclaim with respect to its participation in the Obligations as fully as though Obligor were directly indebted to such holder in the amount of such participation.", "samples": [{"hash": "9uFm0n4ieqJ", "uri": "/contracts/9uFm0n4ieqJ#assignment-participations", "label": "General Security Agreement (Tii Industries Inc)", "score": 18.0, "published": true}, {"hash": "5YQBvOh7hjv", "uri": "/contracts/5YQBvOh7hjv#assignment-participations", "label": "General Security Agreement (Tii Industries Inc)", "score": 18.0, "published": true}, {"hash": "4B84Ew1rcG1", "uri": "/contracts/4B84Ew1rcG1#assignment-participations", "label": "General Security Agreement (Tii Industries Inc)", "score": 18.0, "published": true}], "size": 3, "hash": "b208293fb3d76d7cf2f7b339198a4f91", "id": 7}, {"snippet_links": [{"key": "this-agreement", "type": "clause", "offset": [0, 14]}, {"key": "binding-upon", "type": "clause", "offset": [24, 36]}, {"key": "inure-to-the-benefit", "type": "clause", "offset": [48, 68]}, {"key": "no-borrower", "type": "definition", "offset": [155, 166]}, {"key": "rights-or-obligations", "type": "clause", "offset": [194, 215]}, {"key": "the-bank-may", "type": "clause", "offset": [227, 239]}, {"key": "revolving-loan", "type": "clause", "offset": [298, 312]}, {"key": "another-bank", "type": "definition", "offset": [316, 328]}, {"key": "other-entity", "type": "definition", "offset": [332, 344]}, {"key": "an-assignment", "type": "definition", "offset": [380, 393]}, {"key": "notice-thereof", "type": "clause", "offset": [400, 414]}, {"key": "by-the-bank", "type": "clause", "offset": [415, 426]}, {"key": "the-assignee", "type": "clause", "offset": [445, 457]}, {"key": "to-the-extent", "type": "clause", "offset": [470, 483]}, {"key": "same-rights", "type": "clause", "offset": [544, 555]}, {"key": "no-rights", "type": "clause", "offset": [703, 712]}, {"key": "facility-documents", "type": "definition", "offset": [723, 741]}, {"key": "executed-by", "type": "clause", "offset": [757, 768]}, {"key": "in-favor-of", "type": "definition", "offset": [778, 789]}, {"key": "the-participant-shall-not", "type": "clause", "offset": [790, 815]}, {"key": "right-to", "type": "definition", "offset": [841, 849]}, {"key": "require-the", "type": "clause", "offset": [850, 861]}, {"key": "any-action", "type": "definition", "offset": [891, 901]}, {"key": "relating-to", "type": "definition", "offset": [935, 946]}, {"key": "extension-of", "type": "clause", "offset": [955, 967]}, {"key": "payment-date", "type": "definition", "offset": [970, 982]}, {"key": "with-respect-to", "type": "clause", "offset": [983, 998]}, {"key": "principal-of", "type": "definition", "offset": [1018, 1030]}, {"key": "interest-on-any", "type": "clause", "offset": [1034, 1049]}, {"key": "outstanding-hereunder", "type": "definition", "offset": [1057, 1078]}, {"key": "allocated-to", "type": "definition", "offset": [1079, 1091]}, {"key": "reduction-of", "type": "clause", "offset": [1119, 1131]}, {"key": "principal-amount-outstanding", "type": "definition", "offset": [1136, 1164]}, {"key": "interest-payable", "type": "clause", "offset": [1213, 1229]}, {"key": "fees-payable", "type": "clause", "offset": [1262, 1274]}, {"key": "to-receive", "type": "definition", "offset": [1371, 1381]}, {"key": "with-the-bank", "type": "clause", "offset": [1402, 1415]}, {"key": "information-concerning-the-borrowers", "type": "clause", "offset": [1442, 1478]}, {"key": "possession-of-the", "type": "clause", "offset": [1486, 1503]}, {"key": "from-time-to-time", "type": "clause", "offset": [1509, 1526]}, {"key": "assignees-and-participants", "type": "clause", "offset": [1530, 1556]}, {"key": "prospective-assignees", "type": "definition", "offset": [1568, 1589]}, {"key": "provided-that", "type": "definition", "offset": [1609, 1622]}, {"key": "the-bank-shall", "type": "clause", "offset": [1623, 1637]}, {"key": "in-writing", "type": "definition", "offset": [1732, 1742]}, {"key": "to-maintain", "type": "clause", "offset": [1743, 1754]}, {"key": "such-information", "type": "definition", "offset": [1778, 1794]}], "snippet": "This Agreement shall be binding upon, and shall inure to the benefit of, the Borrowers, the Bank and their respective succes sors and assigns, except that no Borrower may assign or transfer its rights or obligations hereunder. The Bank may assign, or sell participations in, all or any part of any Revolving Loan to another bank or other entity, in which event (a) in the case of an assignment, upon notice thereof by the Bank to the Borrowers, the assignee shall have, to the extent of such assignment (unless otherwise provided therein), the same rights, benefits 40 39 and obligations as it would have if it were the Bank hereunder; and (b) in the case of a participation, the participant shall have no rights under the Facility Documents. The agreement executed by the Bank in favor of the participant shall not give the participant the right to require the Bank to take or omit to take any action hereunder except action directly relating to (i) the extension of a payment date with respect to any portion of the principal of or interest on any amount outstanding hereunder allocated to such participant, (ii) the reduction of the principal amount outstanding hereunder or (iii) the reduction of the rate of interest payable on such amount or any amount of fees payable hereunder to a rate or amount, as the case may be, below that which the participant is entitled to receive under its agreement with the Bank. The Bank may furnish any information concerning the Borrowers in the possession of the Bank from time to time to assignees and participants (including prospective assignees and participants); provided that the Bank shall require any such prospective assignee or such participant (prospective or otherwise) to agree in writing to maintain the confidentiality of such information.", "samples": [{"hash": "gipTvApaF1T", "uri": "/contracts/gipTvApaF1T#assignment-participations", "label": "Credit Agreement (Transact Technologies Inc)", "score": 18.0, "published": true}], "size": 3, "hash": "1ecbce6de659aea3f1a69b4a3b9dd4f8", "id": 8}, {"snippet_links": [{"key": "lender-may", "type": "definition", "offset": [29, 39]}, {"key": "the-collateral", "type": "clause", "offset": [134, 148]}, {"key": "in-accordance-with", "type": "definition", "offset": [158, 176]}, {"key": "the-credit-agreement", "type": "clause", "offset": [195, 215]}, {"key": "the-transferee", "type": "clause", "offset": [220, 234]}, {"key": "same-rights", "type": "clause", "offset": [250, 261]}, {"key": "the-transferor", "type": "clause", "offset": [290, 304]}, {"key": "the-secured-party", "type": "clause", "offset": [314, 331]}, {"key": "a-lender", "type": "definition", "offset": [335, 343]}, {"key": "the-case", "type": "definition", "offset": [348, 356]}, {"key": "responsibility-for", "type": "clause", "offset": [459, 477]}, {"key": "from-time-to-time", "type": "clause", "offset": [528, 545]}, {"key": "the-holder", "type": "clause", "offset": [673, 683]}, {"key": "terms-of", "type": "clause", "offset": [732, 740]}, {"key": "agreement-between", "type": "clause", "offset": [745, 762]}, {"key": "same-benefits", "type": "clause", "offset": [811, 824]}, {"key": "with-respect-to", "type": "clause", "offset": [825, 840]}, {"key": "collateral-for-the-obligations", "type": "clause", "offset": [845, 875]}, {"key": "a-participant", "type": "definition", "offset": [900, 913]}, {"key": "rights-of", "type": "definition", "offset": [992, 1001]}], "snippet": "(a) Secured Party and/or any Lender may assign its interest in any or all of the Obligations and may transfer therewith any or all of the Collateral therefor in accordance with the provisions of the Credit Agreement and the transferee shall have the same rights with respect thereto as had the transferor, whether the Secured Party or a Lender, as the case may be. Upon such transfer, Secured Party or a Lender, as the case may be, shall be released from all responsibility for the Collateral so transferred.\n(b) Any Lender may from time to time sell or otherwise grant participations in any of the Obligations in accordance with the provisions of the Credit Agreement and the holder of any such participation shall, subject to the terms of any agreement between such Lender and such holder, be entitled to the same benefits with respect to any Collateral for the Obligations in which such holder is a participant as such Lender. Obligor agrees that each such holder may exercise any and all rights of banker's lien, set-off and counterclaim with respect to its participation in the Obligations as fully as though Obligor were directly indebted to such holder in the amount of such participation.", "samples": [{"hash": "8XGmtgsixI4", "uri": "/contracts/8XGmtgsixI4#assignment-participations", "label": "General Security Agreement (Delta Woodside Industries Inc /Sc/)", "score": 18.0, "published": true}, {"hash": "29df5nDisMM", "uri": "/contracts/29df5nDisMM#assignment-participations", "label": "General Security Agreement (Delta Mills Inc)", "score": 18.0, "published": true}], "size": 2, "hash": "954ff8a3cba21be758a113469d6c62d2", "id": 9}, {"snippet_links": [{"key": "lender-may", "type": "definition", "offset": [0, 10]}, {"key": "the-obligations", "type": "clause", "offset": [36, 51]}, {"key": "the-collateral", "type": "clause", "offset": [88, 102]}, {"key": "prior-written-consent", "type": "clause", "offset": [124, 145]}, {"key": "responsibility-for", "type": "clause", "offset": [266, 284]}, {"key": "rights-or-obligations", "type": "clause", "offset": [366, 387]}, {"key": "security-agreement", "type": "definition", "offset": [399, 417]}, {"key": "consent-of-the-lender", "type": "clause", "offset": [444, 465]}], "snippet": "Lender may not assign any or all of the Obligations or transfer therewith any or all of the Collateral therefor without the prior written consent of the Obligor, which consent shall not be unreasonably withheld. Upon such transfer, Lender shall be released from all responsibility for the Collateral so transferred. The Obligor may not assign or transfer any of its rights or obligations under this Security Agreement without the prior written consent of the Lender, which consent shall not be unreasonably withheld.", "samples": [{"hash": "h2zWS4fTvoZ", "uri": "/contracts/h2zWS4fTvoZ#assignment-participations", "label": "Security Agreement (Change Technology Partners Inc)", "score": 18.0, "published": true}], "size": 2, "hash": "b98b7dda5cb1ff3ec5a153ff66159826", "id": 10}], "next_curs": "CmISXGoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj4LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiJhc3NpZ25tZW50LXBhcnRpY2lwYXRpb25zIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Assignment; Participations", "parents": [["miscellaneous", "Miscellaneous"], ["successors-and-assigns", "Successors and Assigns"], ["other-acts", "Other Acts"], ["further-assurances", "Further Assurances"], ["miscellaneous-provisions", "Miscellaneous Provisions"]], "children": [["participations", "Participations"], ["information", "Information"], ["nonrestricted-assignments", "Nonrestricted Assignments"], ["assignments", "Assignments"], ["assignment", "Assignment"]], "size": 147, "id": "assignment-participations", "related": [["assignment-and-participations", "Assignment and Participations", "Assignment and Participations"], ["assignments-participations", "Assignments; Participations", "Assignments; Participations"], ["assignment-and-participation", "Assignment and Participation", "Assignment and Participation"], ["participations-and-assignments", "Participations and Assignments", "Participations and Assignments"], ["assignments-participations-etc", "Assignments, Participations, etc", "Assignments, Participations, etc"]], "related_snippets": [], "updated": "2025-11-01T04:23:09+00:00"}, "json": true, "cursor": ""}}