Common use of Effect Clause in Contracts

Effect. As of the Effective Date, (a) Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the Credit Agreement and (b) Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 27 contracts

Samples: Credit Agreement (International Textile Group Inc), Credit Agreement (Papa Murphy's Holdings, Inc.), Credit Agreement (Cryolife Inc)

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Effect. As of the Effective Date, (a) Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the Credit Agreement and (b) Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Revolving Loan Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 5 contracts

Samples: Credit Agreement (Essex Rental Corp.), Credit Agreement (Rentech Nitrogen Partners, L.P.), Credit Agreement (Rentech Nitrogen Partners, L.P.)

Effect. As of the Effective Date, (a) each Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the Credit Agreement and (b) each Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 5 contracts

Samples: Credit Agreement (Exopack Holding Corp), Credit Agreement (Emeritus Corp\wa\), Credit Agreement (Exopack Holding Corp)

Effect. As of the Effective Date, (a) Assignee shall be a party to the Credit Agreement and, to the extent provided in this AssignmentAssignment and the Credit Agreement, have the rights and obligations of a Lender under the Credit Agreement and (b) Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 4 contracts

Samples: Credit Agreement (Papa Murphy's Holdings, Inc.), Credit Agreement (Amphastar Pharmaceuticals, Inc.), Credit Agreement (Papa Murphy's Holdings, Inc.)

Effect. As of the Effective Date, (a) each Assignee shall be a party to the Credit Agreement and, to the extent provided in this AssignmentAssignment Agreement, have the rights and obligations of a Lender under the Credit Agreement and (b) each Assignor shall, to the extent provided in this AssignmentAssignment Agreement, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 3 contracts

Samples: Credit Agreement (RadNet, Inc.), Credit Agreement (Northland Cable Properties Seven Limited Partnership), Credit Agreement (Primedex Health Systems Inc)

Effect. As of the Effective Date, (a) Assignee shall be a party to the Credit Term Loan Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Term Lender under the Credit Term Loan Agreement and (b) Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Term Loan Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 3 contracts

Samples: Term Loan Agreement (Furniture Brands International Inc), Term Loan Agreement (Standard Diversified Inc.), Term Loan Agreement (Standard Diversified Opportunities Inc.)

Effect. As of the Effective Date, (a) Assignee shall be a party to the Credit Loan Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the Credit Loan Agreement and (b) Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Closing Date.

Appears in 2 contracts

Samples: Loan and Security Agreement (XCel Brands, Inc.), Loan and Security Agreement (XCel Brands, Inc.)

Effect. As of the Effective Date, (a) Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the Credit Agreement and (b) Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Aggregate Revolving Loan Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 2 contracts

Samples: Credit Agreement (Talbots Inc), Credit Agreement (Talbots Inc)

Effect. As of the Effective Date, (a) each Assignee shall be a party to the Credit Agreement and, to the extent provided in this AssignmentAssignment Agreement, have the rights and obligations of a Lender under the Credit Agreement and (b) each Assignor shall, to the extent provided in this AssignmentAssignment Agreement, relinquish its rights (except those surviving the termination of the Term Loan C Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 2 contracts

Samples: Credit Agreement (RadNet, Inc.), Credit Agreement (Primedex Health Systems Inc)

Effect. As of the Effective Date, (a) each Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the Credit Agreement and (b) each Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Revolving Loan Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 2 contracts

Samples: Credit Agreement (Accuro Healthcare Solutions, Inc.), Credit Agreement (Accuro Healthcare Solutions, Inc.)

Effect. As of the Effective Date, (a) Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the Credit Agreement and (b) Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date. Section 6.

Appears in 2 contracts

Samples: Version Fourth (White Mountains Insurance Group LTD), 2020 Credit Agreement (White Mountains Insurance Group LTD)

Effect. As of the Effective Date, (a) Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the Credit Agreement and (b) Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 2 contracts

Samples: Credit Agreement (Townsquare Media, Inc.), Credit Agreement (Truck Hero, Inc.)

Effect. As of the Effective Date, Date (a) Assignee shall be a party to the Credit Loan Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the Credit Loan Agreement and (b) Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 1 contract

Samples: Term Loan Agreement (Talbots Inc)

Effect. As of the Effective Date, (a) [each][the] Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the Credit Agreement and (b) [each][the] Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Alere Inc.)

Effect. As of the Effective Date, (a) Assignee shall be a party to the Credit Loan and Security Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the Credit Loan and Security Agreement and (b) Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Term Loan Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Navidea Biopharmaceuticals, Inc.)

Effect. As of the Effective Date, (a) Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the Credit Agreement and (b) Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations (except those surviving the payment in full of the Obligations) under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Westwood One Inc /De/)

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Effect. As of the Effective Date, (a) Assignee shall be a party to the Credit Loan Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the Credit Loan Agreement and (b) Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 1 contract

Samples: Loan and Security Agreement (XCel Brands, Inc.)

Effect. As of the Effective Date, (a) Assignee shall be a party to the Credit Loan Agreement and the Intercreditor Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the Credit Loan Agreement and Intercreditor Agreement and (b) Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 1 contract

Samples: Assignment and Intercreditor Agreement (Sterling Construction Co Inc)

Effect. As of the Effective Date, (a) Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the Credit Agreement and (b) Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Credit Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Bright Horizons Family Solutions Inc.)

Effect. As of the Effective Date, (a) Assignee shall be a party to the Letter of Credit Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender an L/C Issuer under the Letter of Credit Agreement and (b) Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Commitments obligations to Issue Letters of Credit and the payment in full of the Obligations) and be released from its obligations under the Loan Credit Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 1 contract

Samples: Letter of Credit Agreement (dELiAs, Inc.)

Effect. As of the Effective Date, (a) Assignee shall be a party to the Credit Agreement and, to the extent provided in this AssignmentAgreement, have the rights and obligations of a Lender under the Credit Agreement and (b) Assignor shall, to the extent provided in this AssignmentAgreement, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 1 contract

Samples: Assignment (Akorn Inc)

Effect. As of the Effective Date, (a) Assignee shall be a party to the First-Lien Credit Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the First-Lien Credit Agreement and (b) Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (GSE Holding, Inc.)

Effect. As of the Assignment Effective Date, (a) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this AssignmentAssignment and the Credit Agreement, have the rights and obligations of a Lender under the Credit Agreement and (b) the Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Assignment Effective Date.

Appears in 1 contract

Samples: Collateral Agreement (Aspen Technology Inc /De/)

Effect. As of the Effective Date, (a) Assignee shall be a party to the Second Lien Credit Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the Second Lien Credit Agreement and (b) Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Term Loan Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (GSE Holding, Inc.)

Effect. As of the Effective Date, (a) each Assignee shall be a party to the Second Lien Credit Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the Second Lien Credit Agreement and (b) each Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 1 contract

Samples: Intercreditor Agreement (Inverness Medical Innovations Inc)

Effect. As of the Effective Date, (a) each Assignee shall be a party to the First Lien Credit Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender under the First Lien Credit Agreement and (b) each Assignor shall, to the extent provided in this Assignment, relinquish its rights (except those surviving the termination of the Commitments and payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those obligations relating to events and circumstances occurring prior to the Effective Date.

Appears in 1 contract

Samples: Intercreditor Agreement (Inverness Medical Innovations Inc)

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