Common use of Assignment Procedures Clause in Contracts

Assignment Procedures. In the event of an assignment in accordance with Section 9.2(a), upon execution and delivery of such an assignment at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender to the assigning Lender of an amount equal to the purchase price agreed between such assigning Lender and such Successor Lender, such Successor Lender shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender under this Agreement and the other Lender Agreements with an interest therein as set forth in such assignment, and such assignor making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, the assigning Lender, the Successor Lender and the Borrowers shall make appropriate arrangements so that, if required, a new Revolving Credit Note and a new Term Note are issued to the Successor Lender and a replacement Revolving Credit Note and a replacement Term Note are issued to the assigning Lender in principal amounts reflecting their respective revised interests.

Assignment Procedures. In the event of an assignment in accordance with Section 9.2(a11.2(a), upon execution and delivery of such an assignment at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender to the assigning Lender of an amount equal to the purchase price agreed between such assigning Lender and such Successor Lender, such Successor Lender shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender under this Agreement and the other Lender Agreements with an interest therein as set forth in such assignment, and such assignor making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, the assigning Lender, the Successor Lender and the Borrowers Borrower shall make make, if necessary, appropriate arrangements so that, if required, a new Revolving Credit Note and a new Term Note are Note(s) is issued to the Successor Lender and a replacement Revolving Credit Note and a replacement Term Note are Note(s) is issued to the assigning Lender in principal amounts reflecting their respective revised interests.

Assignment Procedures. In the event of an assignment in accordance --------------------- with Section 9.2(a), upon execution and delivery of such an assignment at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender to the assigning Lender of an amount equal to the purchase price agreed between such assigning Lender and such Successor Lender, such Successor Lender shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender under this Agreement and the other Lender Agreements with an interest therein as set forth in such assignment, and such assignor making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, the assigning Lender, the Successor Lender Lender, the Parent and the Borrowers shall make appropriate arrangements so that, if required, a new Revolving Credit Note and a new Term Note Notes are issued to the Successor Lender and a replacement Revolving Credit Note and a replacement Term Note Notes are issued to the assigning Lender in principal amounts reflecting their respective revised interests.

Assignment Procedures. In the event of an assignment in accordance with Section 9.2(a12.2(a), upon execution and delivery of such an assignment at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender to the assigning Lender of an amount equal to the purchase price agreed between such assigning Lender and such Successor Lender, such Successor Lender shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender under this Agreement and the other Lender Agreements with an interest therein as set forth in such assignment, and such assignor making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, notice of such assignment shall be given to the Borrower and the assigning Lender, the Successor Lender and the Borrowers Borrower shall make appropriate arrangements so that, if required, a new Revolving Credit Note and a new Term Note are is issued to the Successor Lender and a replacement Revolving Credit Note and a replacement Term Note are is issued to the assigning Lender in principal amounts reflecting their respective revised interests.

Assignment Procedures. In the event of an assignment in accordance with Section 9.2(a), upon execution and delivery of such an assignment at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender to the assigning Lender of an amount equal to the purchase price agreed between such assigning Lender and such Successor Lender, such Successor Lender shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender under this Agreement and the other Lender Agreements with an interest therein as set forth in such assignment, and such assignor the assigning Lender making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, the assigning Lender, the Successor Lender Lender, the Parent and the Borrowers shall make appropriate arrangements so that, if required, a new Revolving Credit Note and a new Term Note Notes are issued to the Successor Lender and a replacement Revolving Credit Note and a replacement Term Note Notes are issued to the assigning Lender in principal amounts reflecting their respective revised interests, and all old Notes which are replaced shall be returned and cancelled.