Common use of Rights of Assignees Clause in Contracts

Rights of Assignees. Subject to the provisions of Section 13.4, upon the foreclosure of any assignment of any Loans made for security purposes, or upon any other assignment of any Loan from a Lender pursuant to this Article XIII, the respective assignee receiving such assignment shall assume the Commitment (if any) and all other obligations of the assignor Lender hereunder, and shall have all of the rights of a Lender hereunder to the extent of such assignment with respect to such Loans and all references to a Lender in Section 6.1 shall be deemed to apply to such assignee to the extent of such assignment.

Appears in 4 contracts

Samples: Loan Agreement (Jarden Corp), Loan Agreement (Jarden Corp), Loan Agreement (Arvinmeritor Inc)

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Rights of Assignees. Subject to the provisions of Section 13.4, upon the foreclosure of any assignment of any Loans made for security purposes, or upon any other assignment of any Loan from a Lender pursuant to this Article XIII, the respective assignee receiving such assignment shall assume the Commitment (if any) and all other obligations of the assignor Lender hereunder, and shall have all of the rights of a Lender hereunder to the extent of such assignment with respect to such Loans and all references to a Lender in Section 6.1 shall be deemed to apply to such assignee to the extent of such assignment.

Appears in 2 contracts

Samples: Loan Agreement (Bowater Inc), Loan Agreement (Bowater Inc)

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Rights of Assignees. Subject to the provisions of Section 13.4, upon the foreclosure of any assignment of any Loans made for security purposes, or upon any other assignment of any Loan from a the Lender pursuant to this Article XIII, the respective assignee receiving such assignment shall assume the Commitment (if any) and all other obligations of the assignor the Lender hereunder, and shall have all of the rights of a the Lender hereunder to the extent of such assignment with respect to such Loans and all references to a the Lender in Section 6.1 shall be deemed to apply to such assignee to the extent of such assignment.

Appears in 2 contracts

Samples: Loan Agreement (Jarden Corp), Loan Agreement (Jarden Corp)

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