Common use of Rights Under Credit Agreement Clause in Contracts

Rights Under Credit Agreement. Upon such acceptance by the Administrative Agent, from and after the Effective Date, (a) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Bank thereunder, and (b) the Assignor shall, with respect to that portion of its interest under the Credit Agreement assigned hereunder, relinquish its rights and be released from its obligations under the Credit Agreement; provided, however, that the Assignor shall retain its rights to be indemnified pursuant to Section 8.3 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.

Appears in 13 contracts

Samples: Credit Agreement (BlackRock Series Fund II, Inc.), Credit Agreement (BlackRock Funds II), Credit Agreement (BlackRock Series Fund II, Inc.)

AutoNDA by SimpleDocs

Rights Under Credit Agreement. Upon such acceptance by the Administrative Agentand recording, from and after the Effective Date, (a) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Bank thereunder, and (b) the Assignor shall, with respect to that portion of its interest under the Credit Agreement assigned hereunder, relinquish its rights and be released from its obligations under the Credit Agreement; provided, however, that the Assignor shall retain its rights to be indemnified pursuant to Section 8.3 9.03 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.

Appears in 11 contracts

Samples: Credit Agreement (Baron Select Funds), Credit Agreement (Invesco High Income Trust II), Credit Agreement (Blackrock Debt Strategies Fund, Inc.)

Rights Under Credit Agreement. Upon such acceptance by the Administrative Agentand recording, from and after the Effective Date, (a) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Bank thereunder, and (b) the Assignor shall, with respect to that portion of its interest under the Credit Agreement assigned hereunder, relinquish its rights and be released from its obligations under the Credit Agreement; , provided, however, that the Assignor shall retain its rights to be indemnified pursuant to Section 8.3 9.03 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.

Appears in 4 contracts

Samples: Credit Agreement (Columbia Funds Variable Insurance Trust I), Credit Agreement (Columbia Funds Series Trust I), Credit Agreement (Columbia Funds Series Trust)

Rights Under Credit Agreement. Upon such acceptance by the Administrative Agentand recording, from and after the Effective Date, (ai) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Bank thereunder, and (bii) the Assignor shall, with respect to that portion of its interest under the Credit Agreement assigned hereunder, relinquish its rights and be released from its obligations under the Credit Agreement; provided, however, that the Assignor shall retain its rights to be indemnified pursuant to Section 8.3 4.7 and 18 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Hasbro Inc), Revolving Credit Agreement (Hasbro Inc)

Rights Under Credit Agreement. Upon such acceptance by the Administrative Agentand recording, from and after the Effective Date, (ai) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Bank thereunder, and (bii) the Assignor shall, with respect to that portion of its interest under the Credit Agreement assigned hereunder, relinquish its rights and be released from its obligations under the Credit Agreement; provided, however, that the Assignor shall retain its rights to be indemnified pursuant to Section 8.3 §15.2 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Rogers Corp)

AutoNDA by SimpleDocs

Rights Under Credit Agreement. Upon such acceptance by the Administrative Agent, from and after the Effective Date, (a) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Bank thereunder, and (b) the Assignor shall, with respect to that portion of its interest under the Credit Agreement assigned hereunder, relinquish its rights and be released from its obligations under the Credit Agreement; provided, however, that the Assignor shall retain its rights to be indemnified pursuant to Section 8.3 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.. ACTIVE 255598135

Appears in 1 contract

Samples: Credit Agreement (BlackRock Variable Series Funds II, Inc.)

Rights Under Credit Agreement. Upon such acceptance by the Administrative Agentand recording, from and after the Effective Date, (ai) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Bank thereunder, and (bii) the Assignor shall, with respect to that portion of its interest under the Credit Agreement assigned hereunder, relinquish its rights and be released from its obligations under the Credit Agreement; provided, however, that the Assignor shall retain its rights to be indemnified pursuant to Section 8.3 ss.16 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ionics Inc)

Rights Under Credit Agreement. Upon such acceptance by the Administrative Agent, from and after the Effective Date, (a) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Bank thereunder, and (b) the Assignor shall, with respect to that portion of its Table of Contents interest under the Credit Agreement assigned hereunder, relinquish its rights and be released from its obligations under the Credit Agreement; provided, however, that the Assignor shall retain its rights to be indemnified pursuant to Section 8.3 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Blackrock Funds)

Time is Money Join Law Insider Premium to draft better contracts faster.