Rights of the Assignee. Upon such acceptance and recording by the Program Agent, as of the Effective Date, [(i) the Assignee shall be a party to the Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a [Committed] [Conduit] Lender thereunder and hereunder and (ii)] the Assignor shall, to the extent provided in this Assignment and Acceptance, relinquish its rights and be released from its obligations under the Agreement.
Appears in 23 contracts
Samples: Loan and Servicing Agreement (Tampa Electric Co), Loan and Servicing Agreement (Drivetime Automotive Group Inc), Loan and Servicing Agreement (DT Acceptance Corp)
Rights of the Assignee. Upon such acceptance and recording by the Program Administrative Agent, as of the Effective Date, [(i) the Assignee shall be a party to the Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a [Committed] [Conduit] Lender thereunder and hereunder and (ii)] the Assignor shall, to the extent provided in this Assignment and Acceptance, relinquish its rights and be released from its obligations under the Agreement.
Appears in 12 contracts
Samples: Receivables Loan Agreement (Hilton Grand Vacations Inc.), Receivables Loan and Servicing Agreement (NRG Energy, Inc.), Receivables Loan and Servicing Agreement (NRG Energy, Inc.)
Rights of the Assignee. Upon such acceptance and recording by the Program Deal Agent, as of the Effective Date, [(i) the Assignee shall be a party to the Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a [Committed] [Conduit] Lender thereunder and hereunder and (ii)] the Assignor shall, to the extent provided in this Assignment and Acceptance, relinquish its rights and be released from its obligations under the Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (Credit Acceptance Corp)
Rights of the Assignee. Upon such acceptance and recording by the Program Administrative Agent, as of the Effective Date, [(i) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and AcceptanceAgreement, have the rights and obligations of a [Committed] [Conduit] Lender thereunder and hereunder and (ii)] ) the Assignor shall, to the extent provided in this Assignment and AcceptanceAgreement, relinquish its rights and be released from its obligations under the Credit Agreement.
Appears in 1 contract
Samples: Credit Agreement (FlexShopper, Inc.)
