Common use of Full Assignment Clause in Contracts

Full Assignment. If the aggregate Revolving Credit Commitments of all Consenting Lenders are equal to or greater than 75% of the Total Revolving Credit Commitment in effect immediately prior to the Extension Request, then the Borrower may arrange for all rights and obligations of each Lender under this Agreement and under the other Loan Documents and Guaranties (including, without limitation, their Revolving Credit Commitment and all Loans owing to them) who has not given its written approval within sixty (60) days after the date of such Extension Request (the “Rejecting Lenders”) to be assigned, within ninety (90) days following such Extension Request, in accordance with Section 2.16 or 10.2, as applicable, to one or more Consenting Lenders or new replacement Lenders who shall have approved in writing such Extension Request at the time of such assignment (such Consenting Lenders together with any new replacement Lenders, the “Replacement Lenders”), and upon the assignment in full of the aggregate Revolving Credit Commitments, outstanding Loans and all Reimbursement Obligations of Rejecting Lenders to Replacement Lenders, the Administrative Agent shall promptly so notify the Borrower and each Consenting and Replacement Lender, and the Scheduled Termination Date shall be extended by one (1) year, and in such event the Borrower may thereafter request further extension(s) as provided in Section 2.17(a).

Full Assignment. If the aggregate Revolving Credit Commitments of all Consenting Lenders are equal to or greater than 75% of the Total Revolving Credit Commitment in effect immediately prior to the Extension Request, then the Administrative Borrower may arrange for all rights and obligations of each Lender under this Agreement and under the other Loan Documents and Guaranties (including, without limitation, their Revolving Credit Commitment and all Loans owing to them) who has not given its written approval within sixty (60) days after the date of such Extension Request (the “Rejecting Lenders”) to be assigned, within ninety (90) days following such Extension Request, in accordance with Section 2.16 or 10.2, as applicable, to one or more Consenting Lenders or new replacement Lenders who shall have approved in writing such Extension Request at the time of such assignment (such Consenting Lenders together with any new replacement Lenders, the “"Replacement Lenders”), and upon the assignment in full of the aggregate Revolving Credit Commitments, outstanding Loans and all Reimbursement Obligations of Rejecting Lenders to Replacement Lenders, the Administrative Agent shall promptly so notify the Administrative Borrower and each Consenting and Replacement Lender, and the Scheduled Termination Date shall be extended by one (1) year, and in such event the Administrative Borrower may thereafter request further extension(s) as provided in Section 2.17(a).

Full Assignment. If the aggregate Revolving Credit Commitments of all Consenting Lenders are equal to or greater than 75% of the Total Revolving Credit Commitment in effect immediately prior to the Extension Request, then the Administrative Borrower may arrange for all rights and obligations of each Lender under this Agreement and under the other Loan Documents and Guaranties (including, without limitation, their Revolving Credit Commitment and all Loans owing to them) who has not given its written approval within sixty (60) days after the date of such Extension Request (the “Rejecting Lenders”) to be assigned, within ninety (90) days following after the date of such Extension Request, in accordance with Section 2.16 or 10.2, as applicable, to one or more Consenting Lenders or new replacement Lenders who shall have approved in writing such Extension Request at the time of such assignment (such Consenting Lenders Lenders, together with any new replacement Lenders, the “Replacement Lenders”), and upon the assignment in full of the aggregate Revolving Credit Commitments, outstanding Loans and all Reimbursement Obligations of Rejecting Lenders to Replacement Lenders, the Administrative Agent shall promptly so notify the Administrative Borrower and each Consenting Lender and Replacement Lender, and the Scheduled Revolving Credit Termination Date shall be extended by one (1) year, and in such event the Administrative Borrower may thereafter request further extension(s) as provided in Section 2.17(a).