Common use of Certain Assignees Clause in Contracts

Certain Assignees. Subject to Section 14.3.6, no assignment or participation may be made to Borrower, an Affiliate of Borrower, Defaulting Lender or natural person. Administrative Agent shall have no obligation to determine whether any assignment is permitted under the Loan Documents. Assignment by a Defaulting Lender shall be effective only if there is concurrent satisfaction of all outstanding obligations of the Defaulting Lender under the Loan Documents in a manner satisfactory to Administrative Agent, including payment by the Eligible Assignee or Defaulting Lender to Administrative Agent of an aggregate amount sufficient upon distribution (through direct payment, purchases of participations or other methods acceptable to Administrative Agent) to satisfy all funding and payment liabilities of the Defaulting Lender. If assignment by a Defaulting Lender occurs (by operation of law or otherwise) without compliance with the foregoing sentence, the assignee shall be deemed a Defaulting Lender for all purposes until compliance occurs.

Certain Assignees. Subject to Section 14.3.6, no No assignment or participation may be made to a Borrower, an Affiliate of a Borrower, Defaulting Lender or natural person. Administrative Agent shall have no obligation to determine whether any assignment assignee is permitted under the Loan Documents. Assignment by a Defaulting Lender shall be effective only if there is concurrent satisfaction of all outstanding obligations of the Defaulting Lender under the Loan Documents in a manner satisfactory to Administrative Agent, including payment by the Eligible Assignee or Defaulting Lender to Administrative Agent of an aggregate amount sufficient upon distribution (through direct payment, purchases of participations or other methods acceptable to Administrative Agent) to satisfy all funding and payment liabilities of the Defaulting Lender. If assignment by a Defaulting Lender occurs (by operation of law or otherwise) without compliance with the foregoing sentence, the assignee shall be deemed a Defaulting Lender for all purposes until compliance occurs.

Certain Assignees. Subject to Section 14.3.6, no No assignment or participation may be made to a Borrower, an Affiliate of a Borrower, Defaulting Lender or natural person. Administrative Agent shall have no obligation to determine whether any assignment is permitted under the Loan Documents. Assignment by a Defaulting Lender shall be effective only if there is concurrent satisfaction of all outstanding obligations of the Defaulting Lender under the Loan Documents in a manner reasonably satisfactory to Administrative Agent, including payment by the Eligible Assignee or Defaulting Lender to Administrative Agent of an aggregate amount sufficient upon distribution (through direct payment, purchases of participations or other methods acceptable to Administrative Agent) to satisfy all funding and payment liabilities of the Defaulting Lender. If assignment by a Defaulting Lender occurs (by operation of law or otherwise) without compliance with the foregoing sentence, the assignee shall be deemed a Defaulting Lender for all purposes until compliance occurs.

Certain Assignees. Subject to Section 14.3.6, no No assignment or participation may be made to a Borrower, an Affiliate of a Borrower, Defaulting Lender or natural person. Administrative Agent shall have no obligation to determine whether any assignment is permitted under the Loan Documents. Assignment by a Defaulting Lender shall be effective only if there is concurrent satisfaction of all outstanding obligations of the Defaulting Lender under the Loan Documents in a manner satisfactory to Administrative Agent, including payment by the Eligible Assignee or Defaulting Lender to Administrative Agent of an aggregate amount sufficient upon distribution (through direct payment, purchases of participations or other methods acceptable to Administrative Agent) to satisfy all funding and payment liabilities of the Defaulting Lender. If assignment by a Defaulting Lender occurs (by operation of law or otherwise) without compliance with the foregoing sentence, the assignee shall be deemed a Defaulting Lender for all purposes until compliance occurs.

Certain Assignees. Subject to Section 14.3.6, no No assignment or participation may be made to a Borrower, an Affiliate of a Borrower, Defaulting Lender or natural personperson or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural Person. Administrative Agent shall have no obligation to determine whether any assignment is permitted under the Loan Documents. Assignment Any assignment by a Defaulting Lender shall must be effective only if there is concurrent accompanied by satisfaction of all its outstanding obligations of the Defaulting Lender under the Loan Documents in a manner satisfactory to Administrative Agent, including payment by the Defaulting Lender or Eligible Assignee or Defaulting Lender to Administrative Agent of an aggregate amount sufficient upon distribution (through direct payment, purchases of participations or other methods acceptable to Administrative AgentAgent in its discretion) to satisfy all funding and payment liabilities of the Defaulting Lender. If any assignment by a Defaulting Lender occurs (by operation of law or otherwise) without compliance does not comply with the foregoing sentenceforegoing, the assignee shall be deemed a Defaulting Lender for all purposes until compliance occurs.. 133315237_8

Certain Assignees. Subject to Section 14.3.6, no No assignment or participation may be made to a Borrower, an Affiliate of a Borrower, Defaulting Lender or natural personperson (or, for the avoidance of doubt, a Disqualified Institution). Administrative Agent shall have no obligation to determine whether any assignment is permitted under the Loan Documents. Assignment Any assignment by a Defaulting Lender shall be effective only if there is concurrent upon satisfaction of all its outstanding obligations of the Defaulting Lender under the Loan Documents in a manner reasonably satisfactory to Administrative Agent, including payment by the Defaulting Lender or Eligible Assignee or Defaulting Lender to Administrative Agent of an aggregate amount sufficient upon distribution (through direct payment, purchases of participations or other methods acceptable to Administrative AgentAgent in its discretion) to satisfy all funding and payment liabilities of the Defaulting Lender. If any assignment by a Defaulting Lender occurs (by operation of law or otherwise) without compliance does not comply with the foregoing sentenceforegoing, the assignee shall be deemed a Defaulting Lender for all purposes until compliance occurs.

Certain Assignees. Subject to Section 14.3.6, no No assignment or participation may be made to a Borrower, an Affiliate of a Borrower, Defaulting Lender or natural person. Administrative Neither any Borrower nor Agent shall have no any obligation to determine whether any assignment assignee is permitted under the Loan Documents. Assignment by a Defaulting Lender shall be effective only if there is concurrent satisfaction of all outstanding obligations of the Defaulting Lender under the Loan Documents in a manner satisfactory to Administrative Agent, including payment by the Eligible Assignee or Defaulting Lender to Administrative Agent of an aggregate amount sufficient upon distribution (through direct payment, purchases of participations or other methods acceptable to Administrative Agent) to satisfy all funding and payment liabilities of the Defaulting Lender. If assignment by a Defaulting Lender occurs (by operation of law or otherwise) without compliance with the foregoing sentence, the assignee shall be deemed a Defaulting Lender for all purposes until compliance occurs.