Common use of Effect; Effective Date Clause in Contracts

Effect; Effective Date. Subject to acceptance and recording thereof pursuant to paragraph (D) of this Section, from and after the effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 4.1, 4.2, 4.3, 4.4, 4.5 and 10.7). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 13.3 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 13.2.

Effect; Effective Date. Subject to acceptance and recording thereof by the Agent pursuant to paragraph Section 13.1, and receipt by the Agent of a processing fee of $3,500 (D) of this Sectionunless otherwise agreed by the Agent in its discretion), from and after the effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto andAcceptance, to the extent of the interest assigned by such Assignment and AssumptionAcceptance shall become effective if it complies with this Section 13.3. From such effective date, the Eligible Assignee shall for all purposes be a Lender under the Loan Documents, and shall have the all rights and obligations of a Lender under this Agreement, thereunder (and the assigning transferor Lender thereunder shall, to the extent of the interest assigned by such Assignment and AssumptionAcceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption Acceptance covering all of the assigning transferor Lender’s rights and obligations under this Agreement, such transferor Lender shall cease to be a party hereto to this Agreement) but shall continue to be entitled to the benefits of Sections 4.1Section 3.4, 4.2Section 3.7, 4.3, 4.4, 4.5 Section 5.8 and 10.7Section 14.2). Any assignment or transfer by a Upon consummation of an assignment, the transferor Lender, the Agent and Loan Parties shall make appropriate arrangements for issuance of replacement and/or new Notes, as applicable. The transferee Lender of rights or obligations under this Agreement that does not shall comply with this Section 13.3 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights Sections 5.8 and obligations in accordance with Section 13.25.9 and deliver, upon request, an administrative questionnaire reasonably satisfactory to the Agent.

Effect; Effective Date. Subject to acceptance and recording thereof by Agent pursuant to paragraph Section 12.1, and receipt by Agent of a processing fee of $3,500 (D) of this Sectionunless otherwise agreed by Agent in its discretion), from and after the effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto andAcceptance, to the extent of the interest assigned by such Assignment and AssumptionAcceptance shall become effective if it complies with this Section 12.3. From such effective date, the Eligible Assignee shall for all purposes be a Lender under the Loan Documents, and shall have the all rights and obligations of a Lender under this Agreement, thereunder (and the assigning transferor Lender thereunder shall, to the extent of the interest assigned by such Assignment and AssumptionAcceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption Acceptance covering all of the assigning transferor Lender’s rights and obligations under this Agreement, such transferor Lender shall cease to be a party hereto to this Agreement) but shall continue to be entitled to the benefits of Sections 4.1Section 3.4, 4.2Section 3.7, 4.3, 4.4, 4.5 Section 5.8 and 10.7Section 13.2). Any assignment or transfer by a Upon consummation of an assignment, the transferor Lender, Agent and Loan Parties shall make appropriate arrangements for issuance of replacement and/or new Revolver Notes, as applicable. The transferee Lender of rights or obligations under this Agreement that does not shall comply with this Section 13.3 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights Sections 5.8 and obligations in accordance with Section 13.25.9 and deliver, upon request, an administrative questionnaire reasonably satisfactory to Agent.