Common use of Rights Under Credit Agreement Clause in Contracts

Rights Under Credit Agreement. Upon such acceptance and recording, from and after the Effective Date, (i) 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 (ii) 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 15.12 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.

Appears in 4 contracts

Samples: Credit Agreement (Latin America Investment Fund Inc), Credit Agreement (Csam Income Fund), Credit Agreement (Indonesia Fund Inc)

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Rights Under Credit Agreement. Upon such acceptance and recordingby the Agents, from and after the Effective Date, (ia) 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 (iib) 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; PROVIDEDprovided, HOWEVERhowever, that the Assignor shall retain its rights to be indemnified pursuant to Section 15.12 8.3 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.

Appears in 3 contracts

Samples: Credit Agreement (Master Premier Growth Trust), Credit Agreement (Hotchkis & Wiley Variable Trust), Credit Agreement (Master Focus Twenty Trust)

Rights Under Credit Agreement. Upon such acceptance and recording, from and after 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 Bank Lender thereunder, and (ii) 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; PROVIDEDprovided, HOWEVERhowever, that the Assignor shall retain its rights to be indemnified pursuant to Section 15.12 9.3 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.

Appears in 3 contracts

Samples: Security Agreement (America West Airlines Inc), Security Agreement (America West Airlines Inc), Term Loan Agreement (America West Holdings Corp)

Rights Under Credit Agreement. Upon such acceptance and recording, from and after the Effective Date, (ia) 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 (iib) 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; PROVIDEDprovided, HOWEVERhowever, that the Assignor shall retain its rights to be indemnified pursuant to Section 15.12 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 (Flextronics International LTD), Security Agreement (Genrad Inc)

Rights Under Credit Agreement. Upon such acceptance and recording, from and after the Effective Date, (i) 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 (ii) 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; PROVIDEDprovided, HOWEVERhowever, that the Assignor shall retain its rights to be indemnified pursuant to Section 15.12 18 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.

Appears in 2 contracts

Samples: Assignment and Acceptance (Connectivity Technologies Inc), Assignment and Acceptance (Connectivity Technologies Inc)

Rights Under Credit Agreement. Upon such acceptance and recording, from and after the Effective Date, (i) 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 Lender thereunder, and (ii) 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 15.12 16.3 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 (Coach Inc), Revolving Credit Agreement (Coach Inc)

Rights Under Credit Agreement. Upon such acceptance and recordingamendment, from and after the Effective Date, (i) 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 (ii) 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; PROVIDEDprovided, HOWEVERhowever, that the Assignor shall retain its rights to be indemnified pursuant to Section 15.12 16 of the Credit Agreement with respect to any claims or actions with reference to matters arising prior to the Effective Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Waste Management Inc)

Rights Under Credit Agreement. Upon such acceptance and recording, from and after the Effective Date, (ia) 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 (iib) 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; PROVIDEDprovided, HOWEVERhowever, that the Assignor shall retain its rights to be indemnified pursuant to Section 15.12 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 (Flextronics International LTD)

Rights Under Credit Agreement. Upon such acceptance and recording, from and after the Effective Date, (i) 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 Lender thereunder, and (ii) 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; PROVIDEDprovided, HOWEVERhowever, that the Assignor shall retain its rights to be indemnified pursuant to Section 15.12 ss.18.2 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Nationsrent Inc)

Rights Under Credit Agreement. Upon such acceptance and recording, from and after the Effective Date, (i) 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 (ii) 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 15.12 16.2 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 (Michaels Stores Inc)

Rights Under Credit Agreement. Upon such acceptance and recording, from and after the Effective Date, (i) 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 Lender thereunder, and (ii) 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; PROVIDEDprovided, HOWEVERhowever, that the Assignor shall retain its rights to be indemnified pursuant to Section 15.12 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 (Zale Corp)

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Rights Under Credit Agreement. Upon such acceptance and recording, from and after the Effective Date, (i) 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 (ii) 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; PROVIDEDprovided, HOWEVERhowever, that the Assignor shall retain its rights to be indemnified pursuant to Section 15.12 15 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 (Stride Rite Corp)

Rights Under Credit Agreement. Upon such acceptance and recording, from and after the Effective Date, (i) 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 (ii) 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 15.12 16 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Charlotte Russe Holding Inc)

Rights Under Credit Agreement. Upon such acceptance and recording, from and after the Effective Date, (i) 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 Lender thereunder, and (ii) 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 15.12 9.3 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Lamonts Apparel Inc)

Rights Under Credit Agreement. Upon such acceptance and recordingamendment, from and after the Effective Date, (i) 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 (ii) 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; PROVIDEDprovided, HOWEVERhowever, that the Assignor shall retain its rights to be indemnified pursuant to Section 15.12 17 of the Credit Agreement with respect to any claims or actions with reference to matters arising prior to the Effective Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Usa Waste Services Inc)

Rights Under Credit Agreement. Upon such acceptance and recording, from and after the Effective Date, (i) 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 (ii) 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; PROVIDEDprovided, HOWEVERhowever, that the Assignor shall retain its rights to be indemnified pursuant to Section 15.12 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 (Charlotte Russe Holding Inc)

Rights Under Credit Agreement. Upon such acceptance and recording, from and after the Effective Date, (ia) 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 (iib) 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; PROVIDEDprovided, HOWEVERhowever, that the Assignor shall retain its rights to be indemnified pursuant to Section 15.12 ss.17 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Western Digital Corp)

Rights Under Credit Agreement. Upon such acceptance and recording, from and after the Effective Date, (i) each of the Assignee Assignees 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 (ii) 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 15.12 sec.17 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.

Appears in 1 contract

Samples: Assignment and Acceptance (Hadco Corp)

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