Common use of No Assignments to the Borrower or Affiliates Clause in Contracts

No Assignments to the Borrower or Affiliates. Anything in this Section to the contrary notwithstanding, no Lender may (i) assign or participate any interest in any Commitment or Loan held by it hereunder to the Borrower or any of its Affiliates or Subsidiaries without the prior consent of each Lender or (ii) assign any interest in any Commitment or Loan held by it hereunder to a natural person or to any Person known by such Lender at the time of such assignment to be a Defaulting Lender, a Subsidiary of a Defaulting Lender or a Person who, upon consummation of such assignment would be a Defaulting Lender.

Appears in 2 contracts

Samples: Senior Secured (THL Credit, Inc.), Senior Secured (THL Credit, Inc.)

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No Assignments to the Borrower or Affiliates. Anything in this Section to the contrary notwithstanding, no Lender may (i) assign or participate any interest in any Commitment Commitment, Loan or Loan LC Exposure held by it hereunder to the Borrower or any of its Affiliates or Subsidiaries without the prior consent of each Lender or (ii) assign any interest in any Commitment Commitment, Loan or Loan LC Exposure held by it hereunder to a natural person or to any Person known by such Lender at the time of such assignment to be a Defaulting Lender, a Subsidiary of a Defaulting Lender or a Person who, upon consummation of such assignment would be a Defaulting Lender.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (THL Credit, Inc.)

No Assignments to the Borrower or Affiliates. Anything in this Section to the contrary notwithstanding, no Lender may (i) assign or participate any interest in any Commitment or Loan held by it hereunder to the Borrower or any of its Affiliates or Subsidiaries without the prior consent of each Lender Lender. or (ii) assign any interest in any Commitment or Loan held by it hereunder to a natural person or to any Person known by such Lender at the time of such assignment to be a Defaulting Lender, a Subsidiary of a Defaulting Lender or a Person who, upon consummation of such assignment would be a Defaulting Lender.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (THL Credit, Inc.)

No Assignments to the Borrower or Affiliates. Anything in this Section to the contrary notwithstanding, no Lender may (i) assign or participate any interest in any Commitment or Loan held by it hereunder to the Borrower or any of its Affiliates or Subsidiaries without the prior consent of each Lender or (ii) assign any interest in any Commitment or Loan held by it hereunder to a natural person or to any Person known by such Lender at the time of such assignment to be a Defaulting Lender, a Subsidiary of a Defaulting Lender or a Person who, upon consummation of such assignment would be a Defaulting Lender.

Appears in 1 contract

Samples: Senior Secured (THL Credit, Inc.)

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No Assignments to the Borrower or Affiliates. Anything in this Section to the contrary notwithstanding, no Lender may (i) assign or participate any interest in any Commitment or Loan held by it hereunder to the Borrower or any of its Affiliates or Subsidiaries without the prior consent of each Lender Lender. or (ii) assign any interest in any Commitment or Loan held by it hereunder to a natural person or to any Person known by such Lender at the time of such assignment to be a Defaulting Lender, a Subsidiary of a Defaulting Lender or a Person who, upon consummation of such assignment would be a Defaulting Lender.

Appears in 1 contract

Samples: Secured Term Loan Credit Agreement (THL Credit, Inc.)

No Assignments to the Borrower or Affiliates. Anything in this Section to the contrary notwithstanding, no Lender may (i) assign or participate any interest in any Commitment or, Loan or Loan LC Exposure held by it hereunder to the Borrower or any of its Affiliates or Subsidiaries without the prior consent of each Lender or (ii) assign any interest in any Commitment or, Loan or Loan LC Exposure held by it hereunder to a natural person or to any Person known by such Lender at the time of such assignment to be a Defaulting Lender, a Subsidiary of a Defaulting Lender or a Person who, upon consummation of such assignment would be a Defaulting Lender.

Appears in 1 contract

Samples: Pledge and Security Agreement (THL Credit, Inc.)

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