Common use of Immediately upon each Assignee Clause in Contracts

Immediately upon each Assignee. s making its payment under the Assignment and Assumption, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Aggregate Commitment arising therefrom. The Commitment allocated to an Assignee shall reduce the Commitment of the assigning Bank pro tanto. --- -----

Appears in 1 contract

Samples: Credit Agreement (Nexstar Broadcasting of the Wichita Falls LLC)

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Immediately upon each Assignee. s making its payment under the Assignment and Assumption, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Aggregate Commitment arising therefrom. The Commitment allocated to an Assignee shall reduce the Commitment of the assigning Bank pro tanto. --- -----.

Appears in 1 contract

Samples: Credit Agreement (Nexstar Finance Inc)

Immediately upon each Assignee. s making its payment under the Assignment and Assumption, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Aggregate Commitment arising therefrom. The Commitment allocated to an Assignee shall reduce the Commitment of the assigning Bank pro tanto. --- -----Lender PRO TANTO.

Appears in 1 contract

Samples: Credit Agreement (Regent Communications Inc)

Immediately upon each Assignee. s making its payment under the Assignment and Assumption, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Aggregate Commitment Commitments arising therefrom. The Commitment Commitments allocated to an each Assignee shall reduce the Commitment such Commitments of the assigning Bank pro tanto. --- -----.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Willbros Group Inc)

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Immediately upon each Assignee. s making its payment under the Assignment and AssumptionAcceptance, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Aggregate Commitment arising therefrom. The Commitment Commitments allocated to an each Assignee shall reduce the Commitment Commitments of the assigning assignor Bank pro tanto. --- -----

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Mark Iv Industries Inc)

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