Lender Assignments Sample Clauses

Lender Assignments amend Clause 29 (Changes to Parties) of the Credit Agreement to provide that Lenders may transfer their rights and obligations under the Credit Agreement by way of assignment (subject to equivalent conditionality (including as set out in Clause 29.3 (Transfers by Lenders of the Credit Agreement)) as applies to the regime for transfers by Lenders of their rights and obligations by way of novation under the Credit Agreement and otherwise in accordance with recent Liberty precedent).

Lender Assignments. Each Lender may assign to one or more banks or other financial institutions all or a portion of its rights and obligations under this Credit Agreement, the Revolving Notes and the other Credit Documents, with the consent of the Agent; and upon execution and delivery to the Agent, for its acceptance and recording in the Register, of an agreement in substantially the form of Exhibit K (an "Assignment and Assumption Agreement"), together with surrender of any Revolving Note or Revolving Notes subject to such assignment and a processing and recordation fee of $3,500. No such assignment shall be for less than $10,000,000 of the Commitments unless it is to another Lender or is an assignment of all of such Lender's rights and obligations under this Credit Agreement. (This Section does not apply to branches and Affiliates of a Lender, it being understood that a Lender may make, carry or transfer Revolving Loans at or for the account of any of its branch offices or Affiliates without consent of the Borrowers, the Agent or any other Lender).

Lender Assignments. Each Lender may assign to one or more banks or other financial institutions all or a portion of its rights and obligations under this Credit Agreement, the Revolving Notes and the other Credit Documents (which shall be of a constant and not a varying percentage of the Loans and Commitment assigned), with the consent of the Agent (such consent not to be unreasonably withheld or delayed) and upon execution and delivery to the Agent, for its acceptance and recording in the Register, of an agreement in substantially the form of Exhibit F (an "Assignment And Assumption Agreement"), together with surrender of any Revolving Note or Revolving Notes subject to such assignment and a processing and recordation fee of $5,000, such assignment shall be effective and Annex I hereto shall be deemed to be modified accordingly. No such assignment shall be for less than $5,000,000 of the Commitments unless it is to another Lender or is an assignment of all of such Lender's rights and obligations under this Credit Agreement. (This Section does not apply to branches and Affiliates of a Lender, it being understood that a Lender may make, carry or transfer Revolving Loans at or for the account of any of its branch offices or Affiliates without consent of the Borrowers, the Agent or any other Lender.)

Lender Assignments. Prior to commencement of construction, the Developer shall provide adequate documentation to the City that all agreements relating to the construction of the Project including construction contracts, architectural and engineering contracts, management contracts, hotel license agreements (to the extent permitted by Licensor), ▇▇▇▇▇▇▇▇▇▇ Reimbursement Agreements, Michigan Business Tax Credits, building permits, and any and all rights under this Agreement (all to the extent assignable) are assigned to Developer’s construction lender in the event of default by Developer. The Developer shall be required to clear, fill, grade, landscape, or otherwise stabilize and make safe the Project site should the Developer, absent Enforced Delays: (i) cease construction for a continuous period of more than three (3) months, or (ii) fail to complete construction of the Infrastructure Improvements within twenty-four (24) months of issuance of the permits or such additional time as authorized by the

Lender Assignments. Prior to commencement of construction, the Developer shall provide adequate documentation to the City that all agreements relating to the construction of the Project including construction contracts, architectural and engineering contracts, management contracts, hotel license agreements (to the extent permitted by Licensor), ▇▇▇▇▇▇▇▇▇▇ Reimbursement Agreements, Michigan Business Tax Credits, building permits, and any and all rights under this Agreement, are assigned to Developer’s construction lender in the event of default by Developer. Developer shall be required to clear, fill, grade, landscape, or otherwise stabilize and make safe the Project site should the Developer, absent Governmental/Enforced Delays: (i) fail to complete demolition of the existing structures within three (3) months after commencement of infrastructure construction, (ii) cease construction for a continuous period of more than three (3) months, or (iii) fail to complete construction within twenty-four (24) months of issuance of the permits or such additional time as authorized by the building official City may use the performance bonds or letter of credit to either complete the infrastructure, demolish the existing buildings on lots A or B, or restore the sites if buildings are left partially constructed. Developer shall have forty five (45) business days to cure any default after notice of the same.

Lender Assignments. Each Lender may assign all or a portion of its rights and obligations under this Agreement, the Notes and the other Credit Documents, to any Eligible Assignee, upon execution and delivery to Agent, for its acceptance and recording in the Register, of an Assignment and Assumption Agreement, together with surrender of any Note or Notes subject to such assignment and a processing and recordation fee of $3,000.00 payable to Administrative Agent. No such assignment shall be for less than $5,000,000 of the Commitments unless it is to another Lender or any Affiliate of the Lender making such assignment or a Federal Reserve Bank or it constitutes the entire remaining Commitment of the assigning Lender.

Lender Assignments. The Developer shall have the option to mortgage its interests in the Project, including the Master Ground Lease, as may be required by a lender. Prior to commencement of construction, the Developer shall provide adequate documentation (in the form of a signed lender communication outlining such facts in the form attached as Exhibit K) to the City that all agreements relating to the construction of the Project including construction contracts, architectural and engineering contracts, management contracts, ▇▇▇▇▇▇▇▇▇▇ Reimbursement Agreement, MSF approvals (if consented to by the MSF), building permits, and any and all rights and obligations under this Agreement, are or shall be assigned to Developer’s construction lender in the event of an uncured default by Developer. Upon the Developer providing Exhibit K to the City, the City shall immediately in return execute a consent to such assignments in such construction lender’s customary and commercially reasonable form, which will include the City’s agreement to provide to Developer’s construction lender a copy of all notices of default hereunder and such additional further assurances, grace periods, etc., as reasonably requested, or as may be reasonably required for such construction lender to cure a default, and include customary limitations, reasonably acceptable to the City, on recourse against such construction lender. Developer shall be required to clear, fill, grade, landscape, or otherwise stabilize and make safe the Project site should the Developer, absent governmental or other Enforced Delays: (i) fail to complete demolition within three (3) months after commencement of Infrastructure Improvement construction, (ii) without prior arrangements, cease construction for a continuous period of more than three (3) months, or (iii) without prior arrangements, fail to complete construction within thirty-six

Lender Assignments. Lender may assign to one or more other Persons at any time or from time to time all or a portion of its rights and obligations under this Agreement, the Notes and the other Loan Documents, without prior notice to, and without any necessity to obtain the consent of, Borrower thereto, provided that Lender will send notice to Borrower advising of such transfer as soon as reasonably possible thereafter.

Lender Assignments. (a) Lender may assign in whole or in part its rights under this Agreement and the other Loan Documents, including, without limitation, in connection with any Securitization. Upon any unconditional assignment of Lender's entire right and interest hereunder, Lender shall automatically be relieved, from and after the date of such assignment, of liability for the performance of any obligation of Lender contained herein. On and after the date of any assignment, then, (i) all references to Lender in this Agreement and the other Loan Documents shall include such assignee or assignees to the extent of such assignment; (ii) all notices required to be delivered to Lender under this Agreement and the other Loan Documents shall be delivered to such assignee; and (iii) any action permitted to be taken by Lender hereunder, including, without limitation, pursuant to Section 10 of this Agreement, may be taken by such assignee or assignees. (b) In the event that any CP Conduit is an assignee or the holder of a security interest in any of Lender's rights under this Agreement and the other Loan Documents, then to the extent set forth in any notice thereof provided to Debtor, the parties hereto acknowledge and agree that any agent for such CP Conduit or its creditors may act on behalf of such CP Conduit (or its creditors, as applicable) hereunder for purposes of all consents, amendments, waivers and other actions permitted or required to be taken, delivered or performed by such CP Conduit (or its creditors, as applicable) in accordance with the commercial paper program documentation and related credit enhancement documentation governing such CP Conduit.