Common use of Assignor[s] Clause in Contracts

Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) its Commitment in respect of Term Loans, and the outstanding balances of its Term Loans, in each case, without giving effect to assignments thereof which have not become effective, are as set forth herein, (iv) it has full power and authority, and has taken all action necessary, to execute and deliver this Affiliated Lender Assignment and Assumption and to consummate the transactions contemplated hereby and (v) it is not a Defaulting Lender; and (b) makes no representation or warranty and assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement, any other Loan Document or any other instrument or document furnished pursuant thereto (other than this Affiliated Lender Assignment and Assumption) or any collateral thereunder, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrowers, any of their Restricted Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrowers, any of their Restricted Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document or any other instrument or document furnished pursuant to the Credit Agreement. In connection with any Dutch Auction, [the][each] Assignor acknowledges and agrees that in connection with this Affiliated Lender Assignment and Assumption, (1) the applicable Affiliated Lender or its Affiliates may have, and later may come into possession of, material non-public information with respect to the Borrowers and/or any subsidiary thereof and/or their respective Securities (“MNPI”), (2) [the][such] Assignor has independently, without reliance on the applicable Affiliated Lender, the Investors, the Borrower, any of its subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates, made its own analysis and determination to participate in such assignment notwithstanding [the][such] Assignor’s lack of knowledge of the MNPI, (3) none of the applicable Affiliated Lenders, the Investors, the Borrowers, any of their subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates shall have any liability to [the][such] Assignor, and [the][such] Assignor hereby waives and releases, to the extent permitted by applicable Requirements of Law, any claims it may have against the applicable Affiliated Lender, the Investors, each Borrower, each of their subsidiaries, the Administrative Agent, the Arrangers and their respective Affiliates, under applicable Requirements of Law or otherwise, with respect to the nondisclosure of MNPI and (4) MNPI may not be available to the Administrative Agent, the Arrangers or the other Lenders.

Appears in 2 contracts

Sources: Credit Agreement (Knowlton Development Corp Inc), Credit Agreement (Knowlton Development Parent, Inc.)

Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) its Commitment in respect of Term LoansCommitment, and the outstanding balances of its Term Loans, in each case, without giving effect to assignments thereof which have not become effective, are as set forth herein, (iv) it has full power and authority, and has taken all action necessary, to execute and deliver this Affiliated Lender Assignment and Assumption and to consummate the transactions contemplated hereby and (v) it is not a Defaulting Lender; and (b) makes no representation or warranty and assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement, any other Loan Document or any other instrument or document furnished pursuant thereto (other than this Affiliated Lender Assignment and Assumption) or any collateral thereunder, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrowers, any of their Restricted Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrowers, any of their Restricted Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document or any other instrument or document furnished pursuant to the Credit Agreement. In connection with any Dutch Auction, [the][each] Assignor acknowledges and agrees that in connection with this Affiliated Lender Assignment and Assumption, (1) the applicable Affiliated Lender or its Affiliates may have, and later may come into possession of, material non-public information with respect to the Borrowers and/or any subsidiary thereof and/or their respective Securities (“MNPI”), (2) [the][such] Assignor has independently, without reliance on the applicable Affiliated Lender, the Investors, the Borrower, any of its subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates, made its own analysis and determination to participate in such assignment notwithstanding [the][such] Assignor’s lack of knowledge of the MNPI, (3) none of the applicable Affiliated Lenders, the Investors, the Borrowers, any of their subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates shall have any liability to [the][such] Assignor, and [the][such] Assignor hereby waives and releases, to the extent permitted by applicable Requirements of Law, any claims it may have against the applicable Affiliated Lender, the Investors, each Borrower, each of their subsidiaries, the Administrative Agent, the Arrangers and their respective Affiliates, under applicable Requirements of Law or otherwise, with respect to the nondisclosure of MNPI and (4) MNPI may not be available to the Administrative Agent, the Arrangers or the other Lenders.

Appears in 2 contracts

Sources: Credit Agreement (Knowlton Development Corp Inc), Credit Agreement (Knowlton Development Parent, Inc.)

Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) its Commitment in respect of Term Loans, and the outstanding balances of its Term Loans, in each case, without giving effect to assignments thereof which have not become effective, are as set forth herein, (iv) it has full power and authority, and has taken all action necessary, to execute and deliver this Affiliated Lender Assignment and Assumption and to consummate the transactions contemplated hereby and (viv) it is not [not] a Defaulting Lender; and (b) makes no representation or warranty and assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement, Agreement or any other Loan Document or any other instrument or document furnished pursuant thereto (other than this Affiliated Lender Assignment and Assumption) or any collateral thereunderDocument, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document Document. Assignee[s]. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 11.06(b)(iii), (v) and (vi) of the Credit Agreement (subject to such consents, if any, as may be required under Section 11.06(b)(iii) of the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire [the][such] Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other instrument or document furnished Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement. In connection with any Dutch Auction, [the][each] Assignor acknowledges duly completed and agrees that in connection with this Affiliated Lender Assignment and Assumption, (1) the applicable Affiliated Lender or its Affiliates may have, and later may come into possession of, material non-public information with respect to the Borrowers and/or any subsidiary thereof and/or their respective Securities (“MNPI”), (2) executed by [the][such] Assignor has independentlyAssignee; and (b) agrees that (i) it will, independently and without reliance on the applicable Affiliated Lender, the Investors, the Borrower, any of its subsidiaries, upon the Administrative Agent, the Arrangers [the][any] Assignor or any of their respective Affiliatesother Lender, made and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis credit decisions in taking or not taking action under the Loan Documents, and determination to participate (ii) it will perform in such assignment notwithstanding [the][such] Assignor’s lack of knowledge accordance with their terms all of the MNPI, (3) none obligations which by the terms of the applicable Affiliated Lenders, the Investors, the Borrowers, any of their subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates shall have any liability Loan Documents are required to [the][such] Assignor, and [the][such] Assignor hereby waives and releases, to the extent permitted be performed by applicable Requirements of Law, any claims it may have against the applicable Affiliated as a Lender, the Investors, each Borrower, each of their subsidiaries, the Administrative Agent, the Arrangers and their respective Affiliates, under applicable Requirements of Law or otherwise, with respect to the nondisclosure of MNPI and (4) MNPI may not be available to the Administrative Agent, the Arrangers or the other Lenders.

Appears in 2 contracts

Sources: Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Suburban Propane Partners Lp)

Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) its Commitment in respect of Term Loans, and the outstanding balances of its Term Loans, in each case, without giving effect to assignments thereof which have not become effective, are as set forth herein, (iv) it has full power and authority, and has taken all action necessary, to execute and deliver this Affiliated Lender Assignment and Assumption and to consummate the transactions contemplated hereby and (viv) it is not a Defaulting Lender; and (b) makes no representation or warranty and assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement, Agreement or any other Loan Document or any other instrument or document furnished pursuant thereto (other than this Affiliated Lender Assignment and Assumption) or any collateral thereunderDocument, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document Document, or (iv) the performance or observance by the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document Document. Assignee[s]. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 9.6 of the Credit Agreement (subject to such consents, if any, as may be required thereunder), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.5 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other instrument or document furnished Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement. In connection with any Dutch Auction, [the][each] Assignor acknowledges duly completed and agrees that in connection with this Affiliated Lender Assignment and Assumption, (1) the applicable Affiliated Lender or its Affiliates may have, and later may come into possession of, material non-public information with respect to the Borrowers and/or any subsidiary thereof and/or their respective Securities (“MNPI”), (2) executed by [the][such] Assignor has independentlyAssignee; and (b) agrees that (i) it will, independently and without reliance on the applicable Affiliated Lender, the Investors, the Borrower, any of its subsidiaries, the Administrative Agent, the Arrangers [the][any] Assignor or any of their respective Affiliatesother Lender, made and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis credit decisions in taking or not taking action under the Loan Documents, and determination to participate (ii) it will perform in such assignment notwithstanding [the][such] Assignor’s lack of knowledge accordance with their terms all of the MNPI, (3) none obligations which by the terms of the applicable Affiliated Lenders, the Investors, the Borrowers, any of their subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates shall have any liability Loan Documents are required to [the][such] Assignor, and [the][such] Assignor hereby waives and releases, to the extent permitted be performed by applicable Requirements of Law, any claims it may have against the applicable Affiliated as a Lender, the Investors, each Borrower, each of their subsidiaries, the Administrative Agent, the Arrangers and their respective Affiliates, under applicable Requirements of Law or otherwise, with respect to the nondisclosure of MNPI and (4) MNPI may not be available to the Administrative Agent, the Arrangers or the other Lenders.

Appears in 2 contracts

Sources: Credit Agreement (Duluth Holdings Inc.), Credit Agreement (Duluth Holdings Inc.)

Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, claim and (iii) its Commitment in respect of Term Loans, and the outstanding balances of its Term Loans, in each case, without giving effect to assignments thereof which have not become effective, are as set forth herein, (iv) it has full power and authority, and has taken all action necessary, to execute and deliver this Affiliated Lender Assignment and Assumption and to consummate the transactions contemplated hereby and (v) it is not a Defaulting Lenderhereby; and (b) makes no representation or warranty and assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement, Agreement or any other Loan Document or any other instrument or document furnished pursuant thereto (other than this Affiliated Lender Assignment and Assumption) or any collateral thereunderDocument99, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents [or any collateral thereunder], (iii) the financial condition of the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document Document, or (iv) the performance or observance by the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document Document. Assignee[s]. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 9.04 of the Credit Agreement (subject to such consents, if any, as may be required thereunder)100, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.01 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other instrument or document furnished Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender101 attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement. In connection with any Dutch Auction, [the][each] Assignor acknowledges duly completed and agrees that in connection with this Affiliated Lender Assignment and Assumption, (1) the applicable Affiliated Lender or its Affiliates may have, and later may come into possession of, material non-public information with respect to the Borrowers and/or any subsidiary thereof and/or their respective Securities (“MNPI”), (2) executed by [the][such] Assignor has independentlyAssignee; and (b) agrees that (i) it will, independently and without reliance on the applicable Affiliated Lender, the Investors, the Borrower, any of its subsidiaries, the Administrative Agent, the Arrangers [the][any] Assignor or any of their respective Affiliatesother Lender, made and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis credit decisions in taking or not taking action under the Loan Documents, and determination to participate (ii) it will perform in such assignment notwithstanding [the][such] Assignor’s lack of knowledge accordance with their terms all of the MNPI, (3) none obligations which by the terms of the applicable Affiliated Lenders, the Investors, the Borrowers, any of their subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates shall have any liability Loan Documents are required to [the][such] Assignor, and [the][such] Assignor hereby waives and releases, to the extent permitted be performed by applicable Requirements of Law, any claims it may have against the applicable Affiliated as a Lender, the Investors, each Borrower, each of their subsidiaries, the Administrative Agent, the Arrangers and their respective Affiliates, under applicable Requirements of Law or otherwise, with respect to the nondisclosure of MNPI and (4) MNPI may not be available to the Administrative Agent, the Arrangers or the other Lenders.

Appears in 1 contract

Sources: Credit Agreement

Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, claim and (iii) its Commitment in respect of Term Loans, and the outstanding balances of its Term Loans, in each case, without giving effect to assignments thereof which have not become effective, are as set forth herein, (iv) it has full power and authority, and has taken all action necessary, to execute and deliver this Affiliated Lender Assignment and Assumption and to consummate the transactions contemplated hereby and (v) it is not a Defaulting Lenderhereby; and (b) makes no representation or warranty and assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement, Loan Agreement or any other Loan Document or any other instrument or document furnished pursuant thereto (other than this Affiliated Lender Assignment and Assumption) or any collateral thereunderDocument, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents [or any collateral thereunder], (iii) the financial condition of the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document Document, or (iv) the performance or observance by the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document Document. Assignee[s]. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Loan Agreement, (ii) it meets all the requirements to be an assignee under Section 10.04 of the Loan Agreement (subject to such consents, if any, as may be required thereunder), (iii) from and after the Effective Date, it shall be bound by the provisions of the Loan Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Loan Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.01 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other instrument or document furnished Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the Credit terms of the Loan Agreement. In connection with any Dutch Auction, [the][each] Assignor acknowledges duly completed and agrees that in connection with this Affiliated Lender Assignment and Assumption, (1) the applicable Affiliated Lender or its Affiliates may have, and later may come into possession of, material non-public information with respect to the Borrowers and/or any subsidiary thereof and/or their respective Securities (“MNPI”), (2) executed by [the][such] Assignor has independentlyAssignee; and (b) agrees that (i) it will, independently and without reliance on the applicable Affiliated Lender, the Investors, the Borrower, any of its subsidiaries, the Administrative Agent, the Arrangers [the][any] Assignor or any of their respective Affiliatesother Lender, made and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis credit decisions in taking or not taking action under the Loan Documents, and determination to participate (ii) it will perform in such assignment notwithstanding [the][such] Assignor’s lack of knowledge accordance with their terms all of the MNPI, (3) none obligations which by the terms of the applicable Affiliated Lenders, the Investors, the Borrowers, any of their subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates shall have any liability Loan Documents are required to [the][such] Assignor, and [the][such] Assignor hereby waives and releases, to the extent permitted be performed by applicable Requirements of Law, any claims it may have against the applicable Affiliated as a Lender, the Investors, each Borrower, each of their subsidiaries, the Administrative Agent, the Arrangers and their respective Affiliates, under applicable Requirements of Law or otherwise, with respect to the nondisclosure of MNPI and (4) MNPI may not be available to the Administrative Agent, the Arrangers or the other Lenders.

Appears in 1 contract

Sources: Loan Agreement

Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, claim and (iii) its Commitment in respect of Term Loans, and the outstanding balances of its Term Loans, in each case, without giving effect to assignments thereof which have not become effective, are as set forth herein, (iv) it has full power and authority, and has taken all action necessary, to execute and deliver this Affiliated Lender Assignment and Assumption Agreement and to consummate the transactions contemplated hereby hereby; [and (v) it is not a Defaulting Lender; and ](b) makes no representation or warranty and assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement, the Agreement Among Lenders or any other Loan Document or any other instrument or document furnished pursuant thereto (other than this Affiliated Lender Assignment and Assumption) or any collateral thereunderDocument, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral Collateral thereunder, (iii) the financial condition of the Borrowersany Loan Party, any of their Restricted respective Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrowersany Loan Party, any of their Restricted respective Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document or any other instrument or document furnished pursuant hereto or thereto[; [and ] (c) agrees that if [the][any] Assignee sells and assigns all or a portion of [the][their respective] Assigned Interest to the Credit Agreement. In connection with any Dutch AuctionPerson, [the][such] Assignee may, in its sole discretion, disclose to any such Person that [the][such] Assignee acquired [the][such] Assigned Interest from [the][such] Assignor]1[; and [(c)][(d)] acknowledges that [the][each] Assignor acknowledges Assignee is [an Affiliated Lender] and agrees that in connection with this Affiliated Lender Assignment and Assumptionit has independently and, (1) the applicable Affiliated Lender or its Affiliates may have, and later may come into possession of, material non-public information with respect to the Borrowers and/or any subsidiary thereof and/or their respective Securities (“MNPI”), (2) [the][such] Assignor has independentlyexcept as provided below, without reliance on the applicable Affiliated Lender, the Investors, the Borrower, any of its subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates, [the][each] Assignee made its own analysis and determination determined to participate in such assignment enter into this Assignment Agreement and to consummate the transactions contemplated hereby notwithstanding that [the][such] Assignor’s lack of knowledge of the MNPI, (3) none of the applicable Affiliated Lenders, the Investors, the Borrowers, any of their subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates shall have any liability to Assignee is [the][such] Assignor, and [the][such] Assignor hereby waives and releases, to the extent permitted by applicable Requirements of Law, any claims it may have against the applicable an Affiliated Lender, the Investors, each Borrower, each of their subsidiaries, the Administrative Agent, the Arrangers and their respective Affiliates, under applicable Requirements of Law or otherwise, with respect to the nondisclosure of MNPI and (4) MNPI may not be available to the Administrative Agent, the Arrangers or the other Lenders]].

Appears in 1 contract

Sources: Credit Agreement (Sportsman's Warehouse Holdings, Inc.)

Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) its Commitment in respect of Term Loans, and the outstanding balances of its Term Loans, in each case, without giving effect to assignments thereof which have not become effective, are as set forth herein, (iv) it has full power and authority, and has taken all action necessary, to execute and deliver this Affiliated Lender Assignment and Assumption Agreement and to consummate the transactions contemplated hereby and (v) it is not a Defaulting Lender; and hereby[ and] (b) makes no representation or warranty and assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement, Agreement or any other Loan Document or any other instrument or document furnished pursuant thereto (other than this Affiliated Lender Assignment and Assumption) or any collateral thereunderDocument, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrowersany Loan Party, any of their Restricted respective Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrowersany Loan Party, any of their Restricted respective Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document or any other instrument or document furnished pursuant to the Credit Agreement. In connection with any Dutch Auction, hereto or thereto; [the][each] Assignor acknowledges and (c) agrees that if the Assignee sells and assigns all or a portion of the Assigned Interest to any Person, the Assignee may, in connection with this Affiliated Lender Assignment its sole discretion, disclose to any such Person that the Assignee acquired the Assigned Interest from the Assignor]1 [and Assumption(c) acknowledges that the Assignee is an Affiliate of the Initial Borrower and that it has independently and, (1) the applicable Affiliated Lender or its Affiliates may have, and later may come into possession of, material non-public information with respect to the Borrowers and/or any subsidiary thereof and/or their respective Securities (“MNPI”), (2) [the][such] Assignor has independentlyexcept as provided below, without reliance on the applicable Affiliated Lender, the Investors, the Borrower, any of its subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates, Assignee made its own analysis and determination determined to participate in such assignment enter into this Assignment and Assumption and to consummate the transactions contemplated hereby notwithstanding [the][such] Assignor’s lack of knowledge that the Assignee is an Affiliate of the MNPI, (3) none of the applicable Affiliated Lenders, the Investors, the Borrowers, any of their subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates shall have any liability to [the][such] Assignor, and [the][such] Assignor hereby waives and releases, to the extent permitted by applicable Requirements of Law, any claims it may have against the applicable Affiliated Lender, the Investors, each Borrower, each of their subsidiaries, the Administrative Agent, the Arrangers and their respective Affiliates, under applicable Requirements of Law or otherwise, with respect to the nondisclosure of MNPI and (4) MNPI may not be available to the Administrative Agent, the Arrangers or the other LendersInitial Borrower]2.

Appears in 1 contract

Sources: Credit Agreement (Emerald Expositions Events, Inc.)

Assignor[s]. [The][Each] The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] the Assigned Interest, (ii) [the][such] the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, claim and (iii) its Commitment in respect of Term Loans, and the outstanding balances of its Term Loans, in each case, without giving effect to assignments thereof which have not become effective, are as set forth herein, (iv) it has full power and authority, and has taken all action necessary, to execute and deliver this Affiliated Lender Assignment and Assumption Acceptance and to consummate the transactions contemplated hereby and (v) it is not a Defaulting Lenderhereby; and (b) makes no representation or warranty and assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Second Lien Credit Agreement, any other Loan Document or any other instrument or document furnished pursuant thereto (other than this Affiliated Lender Assignment and Assumption) or any collateral thereunder, Agreement (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents Second Lien Credit Agreement, or any other collateral thereunder, (iii) the financial condition of the BorrowersBorrower, any of their Restricted Subsidiaries or Affiliates Subsidiary, or any other Person obligated in respect of person or any Loan Document or (iv) the performance or observance by the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person person of any of their respective obligations under any Loan Document the Second Lien Credit Agreement or any other instrument or document furnished pursuant Loan Document Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby and to become a Lender under the Second Lien Credit Agreement, (ii) it is an Eligible Assignee, legally authorized to enter into this Assignment and Acceptance, (iii) from and after the Effective Date, it shall be bound by the provisions of the Second Lien Credit Agreement as a Lender thereunder and, to the Credit Agreement. In connection with any Dutch Auctionextent of the Assigned Interest, [the][each] Assignor acknowledges and agrees that in connection with this Affiliated shall have the obligations of a Lender Assignment and Assumptionthereunder, (1iv) the applicable Affiliated Lender or its Affiliates may have, and later may come into possession of, material non-public information it is sophisticated with respect to decisions to acquire assets of the Borrowers and/or any subsidiary thereof and/or their respective Securities (“MNPI”)type represented by the Assigned Interest and either it, or the person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (2v) [the][such] Assignor it has independentlyreceived a copy of the Second Lien Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements referred to in Section 3.05(a) thereof or delivered pursuant to Section 5.04 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase the Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase the Assigned Interest, and (vii) attached to the Assignment and Acceptance is any documentation required to be delivered by it pursuant to Section 2.20(e) or 2.20(f) of the Second Lien Credit Agreement, as applicable, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the applicable Affiliated Lender, the Investors, the Borrower, any of its subsidiaries, the Administrative Agent, the Arrangers Assignor or any of their respective Affiliatesother Lender, made and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis credit decisions in taking or not taking action under the Loan Documents, and determination to participate (ii) it will perform in such assignment notwithstanding [the][such] Assignor’s lack of knowledge accordance with their terms all of the MNPI, (3) none obligations which by the terms of the applicable Affiliated Lenders, the Investors, the Borrowers, any of their subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates shall have any liability Second Lien Credit Agreement are required to [the][such] Assignor, and [the][such] Assignor hereby waives and releases, to the extent permitted be performed by applicable Requirements of Law, any claims it may have against the applicable Affiliated as a Lender, the Investors, each Borrower, each of their subsidiaries, the Administrative Agent, the Arrangers and their respective Affiliates, under applicable Requirements of Law or otherwise, with respect to the nondisclosure of MNPI and (4) MNPI may not be available to the Administrative Agent, the Arrangers or the other Lenders.

Appears in 1 contract

Sources: Second Lien Credit Agreement (Hawkeye Holdings, Inc.)

Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, claim and (iii) its Commitment in respect of Term Loans, and the outstanding balances of its Term Loans, in each case, without giving effect to assignments thereof which have not become effective, are as set forth herein, (iv) it has full power and authority, and has taken all action necessary, to execute and deliver this Affiliated Lender Assignment and Assumption and to consummate the transactions contemplated hereby and (v) it is not a Defaulting Lenderhereby; and (b) makes no representation or warranty and assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement, Loan Agreement or any other Loan Document or any other instrument or document furnished pursuant thereto (other than this Affiliated Lender Assignment and Assumption) or any collateral thereunderDocument, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunderDocuments, (iii) the financial condition of the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document Document, or (iv) the performance or observance by the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document Document. Assignee[s]. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Loan Agreement, (ii) it meets all the requirements to be an assignee under Section 8.04 of the Loan Agreement (subject to such consents, if any, as may be required thereunder), (iii) from and after the Effective Date, it shall be bound by the provisions of the Loan Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Loan Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.01 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other instrument or document furnished Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the Credit terms of the Loan Agreement. In connection with any Dutch Auction, [the][each] Assignor acknowledges duly completed and agrees that in connection with this Affiliated Lender Assignment and Assumption, (1) the applicable Affiliated Lender or its Affiliates may have, and later may come into possession of, material non-public information with respect to the Borrowers and/or any subsidiary thereof and/or their respective Securities (“MNPI”), (2) executed by [the][such] Assignor has independentlyAssignee; and (b) agrees that (i) it will, independently and without reliance on the applicable Affiliated Lender, the Investors, the Borrower, any of its subsidiaries, the Administrative Agent, the Arrangers [the][any] Assignor or any of their respective Affiliatesother Lender, made and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis credit decisions in taking or not taking action under the Loan Documents, and determination to participate (ii) it will perform in such assignment notwithstanding [the][such] Assignor’s lack of knowledge accordance with their terms all of the MNPI, (3) none obligations which by the terms of the applicable Affiliated Lenders, the Investors, the Borrowers, any of their subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates shall have any liability Loan Documents are required to [the][such] Assignor, and [the][such] Assignor hereby waives and releases, to the extent permitted be performed by applicable Requirements of Law, any claims it may have against the applicable Affiliated as a Lender, the Investors, each Borrower, each of their subsidiaries, the Administrative Agent, the Arrangers and their respective Affiliates, under applicable Requirements of Law or otherwise, with respect to the nondisclosure of MNPI and (4) MNPI may not be available to the Administrative Agent, the Arrangers or the other Lenders.

Appears in 1 contract

Sources: Loan Agreement

Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) its Commitment in respect of Term Loans, and the outstanding balances of its Term Loans, in each case, without giving effect to assignments thereof which have not become effective, are as set forth herein, (iv) it has full power and authority, and has taken all action necessary, to execute and deliver this Affiliated Lender Assignment and Assumption and to consummate the transactions contemplated hereby and (viv) it is not a Defaulting Lender; and (b) makes no representation or warranty and assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement, Agreement or any other Loan Document or any other instrument or document furnished pursuant thereto (other than this Affiliated Lender Assignment and Assumption) or any collateral thereunderDocument, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents [or any collateral thereunder], (iii) the financial condition of the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document Document, or (iv) the performance or observance by the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document Document. Assignee[s]. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 10.06 of the Credit Agreement (subject to such consents, if any, as may be required thereunder), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Agent or any other instrument or document furnished Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement. In connection with any Dutch Auction, [the][each] Assignor acknowledges duly completed and agrees that in connection with this Affiliated Lender Assignment and Assumption, (1) the applicable Affiliated Lender or its Affiliates may have, and later may come into possession of, material non-public information with respect to the Borrowers and/or any subsidiary thereof and/or their respective Securities (“MNPI”), (2) executed by [the][such] Assignor has independentlyAssignee; and (b) agrees that (i) it will, independently and without reliance on the applicable Affiliated Agent, [the][any] Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the Investorstime, the Borrower, any of its subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates, made continue to make its own analysis credit decisions in taking or not taking action under the Loan Documents, and determination to participate (ii) it will perform in such assignment notwithstanding [the][such] Assignor’s lack of knowledge accordance with their terms all of the MNPI, (3) none obligations which by the terms of the applicable Affiliated Lenders, the Investors, the Borrowers, any of their subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates shall have any liability Loan Documents are required to [the][such] Assignor, and [the][such] Assignor hereby waives and releases, to the extent permitted be performed by applicable Requirements of Law, any claims it may have against the applicable Affiliated as a Lender, the Investors, each Borrower, each of their subsidiaries, the Administrative Agent, the Arrangers and their respective Affiliates, under applicable Requirements of Law or otherwise, with respect to the nondisclosure of MNPI and (4) MNPI may not be available to the Administrative Agent, the Arrangers or the other Lenders.

Appears in 1 contract

Sources: Credit Agreement (Reaves Utility Income Fund)

Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, and (iii) its Commitment in respect of Term Loans, and the outstanding balances of its Term Loans, in each case, without giving effect to assignments thereof which have not become effective, are as set forth herein, (iv) it has full power and authority, and has taken all action necessary, to execute and deliver this Affiliated Lender Assignment and Assumption and to consummate the transactions contemplated hereby and (v) it is not a Defaulting Lenderhereby; and (b) makes no representation or warranty and assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement, any other Loan Document and Servicing Agreement or any other instrument or document furnished pursuant thereto (other than this Affiliated Lender Assignment and Assumption) or any collateral thereunderTransaction Documents, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Transaction Documents or any collateral thereunder, (iii) the financial condition of the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document Transaction Document, or (iv) the performance or observance by the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person of any of their its respective obligations under any Transaction Document. Assignee[s]. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Loan Document and Servicing Agreement, (ii) it meets all the requirements to be an assignee under Section 11.04 of the Loan and Servicing Agreement, including that it is an Eligible Assignee (subject to such consents, if any, as may be required thereunder), (iii) from and after the Effective Date, it shall be bound by the provisions of the Loan and Servicing Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Loan and Servicing Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.01(y) thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other instrument or document furnished Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vii) if it is a foreign Lender attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the Credit terms of the Loan and Servicing Agreement. In connection with any Dutch Auction, [the][each] Assignor acknowledges duly completed and agrees that in connection with this Affiliated Lender Assignment and Assumption, (1) the applicable Affiliated Lender or its Affiliates may have, and later may come into possession of, material non-public information with respect to the Borrowers and/or any subsidiary thereof and/or their respective Securities (“MNPI”), (2) executed by [the][such] Assignor has independentlyAssignee and (viii) if it is not then currently a Lender under the Loan and Servicing Agreement, the Assignee shall deliver to the Administrative Agent all documentation and other reasonable information reasonably determined by Administrative Agent to be required by applicable regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act; and (b) agrees that (i) it will, independently and without reliance on the applicable Affiliated Lender, the Investors, the Borrower, any of its subsidiaries, the Administrative Agent, the Arrangers [the][any] Assignor or any of their respective Affiliatesother Lender, made and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis credit decisions in taking or not taking action under the Transaction Documents, and determination to participate (ii) it will perform in such assignment notwithstanding [the][such] Assignor’s lack of knowledge accordance with their terms all of the MNPI, (3) none obligations which by the terms of the applicable Affiliated Lenders, the Investors, the Borrowers, any of their subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates shall have any liability Transaction Documents are required to [the][such] Assignor, and [the][such] Assignor hereby waives and releases, to the extent permitted be performed by applicable Requirements of Law, any claims it may have against the applicable Affiliated as a Lender, the Investors, each Borrower, each of their subsidiaries, the Administrative Agent, the Arrangers and their respective Affiliates, under applicable Requirements of Law or otherwise, with respect to the nondisclosure of MNPI and (4) MNPI may not be available to the Administrative Agent, the Arrangers or the other Lenders.

Appears in 1 contract

Sources: Loan and Servicing Agreement (TCW Steel City Senior Lending BDC)

Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, claim and (iii) its Commitment in respect of Term Loans, and the outstanding balances of its Term Loans, in each case, without giving effect to assignments thereof which have not become effective, are as set forth herein, (iv) it has full power and authority, and has taken all action necessary, to execute and deliver this Affiliated Lender Assignment and Assumption and to consummate the transactions contemplated hereby and (v) it is not a Defaulting Lenderhereby; and (b) makes no representation or warranty and assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement, Agreement or any other Loan Document or any other instrument or document furnished pursuant thereto (other than this Affiliated Lender Assignment and Assumption) or any collateral thereunderDocument, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document Document, or (iv) the performance or observance by the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document Document. Assignee[s]. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 10.4(b)(iii), (v) and (vi) of the Credit Agreement (subject to such consents, if any, as may be required under Section 10.4(b)(iii) of the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.1 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other instrument or document furnished Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement. In connection with any Dutch Auction, [the][each] Assignor acknowledges duly completed and agrees that in connection with this Affiliated Lender Assignment and Assumption, (1) the applicable Affiliated Lender or its Affiliates may have, and later may come into possession of, material non-public information with respect to the Borrowers and/or any subsidiary thereof and/or their respective Securities (“MNPI”), (2) executed by [the][such] Assignor has independentlyAssignee; and (b) agrees that (i) it will, independently and without reliance on the applicable Affiliated Lender, the Investors, the Borrower, any of its subsidiaries, the Administrative Agent, the Arrangers [the][any] Assignor or any of their respective Affiliatesother Lender, made and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis credit decisions in taking or not taking action under the Loan Documents, and determination to participate (ii) it will perform in such assignment notwithstanding [the][such] Assignor’s lack of knowledge accordance with their terms all of the MNPI, (3) none obligations which by the terms of the applicable Affiliated Lenders, the Investors, the Borrowers, any of their subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates shall have any liability Loan Documents are required to [the][such] Assignor, and [the][such] Assignor hereby waives and releases, to the extent permitted be performed by applicable Requirements of Law, any claims it may have against the applicable Affiliated as a Lender, the Investors, each Borrower, each of their subsidiaries, the Administrative Agent, the Arrangers and their respective Affiliates, under applicable Requirements of Law or otherwise, with respect to the nondisclosure of MNPI and (4) MNPI may not be available to the Administrative Agent, the Arrangers or the other Lenders.

Appears in 1 contract

Sources: Term Loan Credit Agreement (Deltic Timber Corp)

Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) its Commitment in respect of Term Loans, and the outstanding balances of its Term Loans, in each case, without giving effect to assignments thereof which have not become effective, are as set forth herein, (iv) it has full power and authority, and has taken all action necessary, to execute and deliver this Affiliated Lender Assignment and Assumption Acceptance and to consummate the transactions contemplated hereby and hereby, [and] (viv) it is not a Defaulting LenderLender [and (v) it has delivered a customary Big Boy Letter to the Administrative Agent]16; and (b) makes no representation or warranty and assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement, Agreement or any other Loan Document or any other instrument or document furnished pursuant thereto (other than this Affiliated Lender Assignment and Assumption) or any collateral thereunderDocument, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents [or any collateral thereunder], (iii) the financial condition of the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document Document, or (iv) the performance or observance by the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document Document. Assignee[s]. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 9.04 of the Credit Agreement (subject to such consents, if any, as may be required thereunder)17, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements referred to in Section 3.05 (or delivered pursuant to Section 5.04) thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other instrument or document furnished Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase [the][such] Assigned Interest, [and] (vii) if it is not already a Lender under the Credit Agreement attached to the Assignment and Acceptance is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement (including any tax forms and information required to be delivered pursuant to Section 2.17 of the Credit Agreement. In connection with any Dutch Auction, [the][each] Assignor acknowledges and agrees that in connection with this Affiliated Lender Assignment and Assumption, (1) the applicable Affiliated Lender or its Affiliates may have, and later may come into possession of, material non-public information with respect to the Borrowers and/or any subsidiary thereof and/or their respective Securities (“MNPI”), (2) duly completed and executed by [the][such] Assignor has independentlyAssignee [and (viii) the Assignee represents and warrants that it is (or will be, following the consummation of this Assignment and Acceptance) an Affiliate Lender and, immediately after giving effect to this Assignment and Acceptance, the Affiliate Lenders in the aggregate will not own Term Loans with an aggregate principal amount in excess of 25% of the aggregate principal amount of all Term Loans then outstanding.]18; and (b) agrees that (i) it will, independently and without reliance on the applicable Affiliated Lender, the Investors, the Borrower, any of its subsidiaries, the Administrative Agent, the Arrangers [the][any] Assignor or any of their respective Affiliatesother Lender, made and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis credit decisions in taking or not taking action under the Loan Documents, and determination (ii) it will perform in accordance 16 Insert if Assignee is an Affiliate Lender. 17 [By confirming that it meets all the requirements to participate in such assignment notwithstanding [the][such] Assignor’s lack of knowledge be an assignee under the Successors and Assigns provision of the MNPICredit Agreement, the assignee is also confirming that it is not a Disqualified Institution (3see section (f) none of the applicable Affiliated Lenders, Successors and Assigns provision).] 18 Insert if Assignee is an Affiliate Lender. with their terms all of the Investors, obligations which by the Borrowers, any terms of their subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates shall have any liability Loan Documents are required to [the][such] Assignor, and [the][such] Assignor hereby waives and releases, to the extent permitted be performed by applicable Requirements of Law, any claims it may have against the applicable Affiliated as a Lender, the Investors, each Borrower, each of their subsidiaries, the Administrative Agent, the Arrangers and their respective Affiliates, under applicable Requirements of Law or otherwise, with respect to the nondisclosure of MNPI and (4) MNPI may not be available to the Administrative Agent, the Arrangers or the other Lenders.

Appears in 1 contract

Sources: Credit Agreement (Driven Brands Holdings Inc.)

Assignor[s]. [The][Each] The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] the Assigned Interest, (ii) [the][such] the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, claim and (iii) its Commitment in respect of Term Loans, and the outstanding balances of its Term Loans, in each case, without giving effect to assignments thereof which have not become effective, are as set forth herein, (iv) it has full power and authority, and has taken all action necessary, to execute and deliver this Affiliated Lender Assignment and Assumption Acceptance and to consummate the transactions contemplated hereby and (v) it is not a Defaulting Lenderhereby; and (b) makes no representation or warranty and assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the First Lien Credit Agreement, any other Loan Document or any other instrument or document furnished pursuant thereto (other than this Affiliated Lender Assignment and Assumption) or any collateral thereunder, Agreement (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents First Lien Credit Agreement, or any other collateral thereunder, (iii) the financial condition of the BorrowersBorrower, any of their Restricted Subsidiaries or Affiliates Subsidiary, or any other Person obligated in respect of person or any Loan Document or (iv) the performance or observance by the BorrowersBorrower, any of their Restricted its Subsidiaries or Affiliates or any other Person person of any of their respective obligations under any Loan Document the First Lien Credit Agreement or any other instrument or document furnished pursuant Loan Document Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby and to become a Lender under the First Lien Credit Agreement, (ii) it is an Eligible Assignee, legally authorized to enter into this Assignment and Acceptance, (iii) from and after the Effective Date, it shall be bound by the provisions of the First Lien Credit Agreement as a Lender thereunder and, to the Credit Agreement. In connection with any Dutch Auctionextent of the Assigned Interest, [the][each] Assignor acknowledges and agrees that in connection with this Affiliated shall have the obligations of a Lender Assignment and Assumptionthereunder, (1iv) the applicable Affiliated Lender or its Affiliates may have, and later may come into possession of, material non-public information it is sophisticated with respect to decisions to acquire assets of the Borrowers and/or any subsidiary thereof and/or their respective Securities (“MNPI”)type represented by the Assigned Interest and either it, or the person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (2v) [the][such] Assignor it has independentlyreceived a copy of the First Lien Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements referred to in Section 3.05(a) thereof or delivered pursuant to Section 5.04 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase the Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase the Assigned Interest, and (vii) attached to the Assignment and Acceptance is any documentation required to be delivered by it pursuant to Section 2.20(e) or 2.20(f) of the First Lien Credit Agreement, as applicable, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the applicable Affiliated Lender, the Investors, the Borrower, any of its subsidiaries, the Administrative Agent, the Arrangers Assignor or any of their respective Affiliatesother Lender, made and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis credit decisions in taking or not taking action under the Loan Documents, and determination to participate (ii) it will perform in such assignment notwithstanding [the][such] Assignor’s lack of knowledge accordance with their terms all of the MNPI, (3) none obligations which by the terms of the applicable Affiliated Lenders, the Investors, the Borrowers, any of their subsidiaries, the Administrative Agent, the Arrangers or any of their respective Affiliates shall have any liability First Lien Credit Agreement are required to [the][such] Assignor, and [the][such] Assignor hereby waives and releases, to the extent permitted be performed by applicable Requirements of Law, any claims it may have against the applicable Affiliated as a Lender, the Investors, each Borrower, each of their subsidiaries, the Administrative Agent, the Arrangers and their respective Affiliates, under applicable Requirements of Law or otherwise, with respect to the nondisclosure of MNPI and (4) MNPI may not be available to the Administrative Agent, the Arrangers or the other Lenders.

Appears in 1 contract

Sources: First Lien Credit Agreement (Hawkeye Holdings, Inc.)