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 15.2 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)

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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 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 15.2 (S)16.3 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 (Barnes Group 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 15.2 §§ 5.9, 14.7, and 16.3 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 (Friendly Ice Cream 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 AcceptanceAssumption Agreement, 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 15.2 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 (Cali Realty Corp /New/)

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; provided, however, that the Assignor shall retain its rights to be indemnified pursuant to Section 15.2 §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)

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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 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 15.2 §16.3 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 (Barnes Group Inc)

Rights Under Credit Agreement. Upon such acceptance and recording, from and after the Effective Date, (ia) the each 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) each of the Assignor Assignors 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 each of the Assignor Assignors shall retain its rights to be indemnified pursuant to Section 15.2 ss.18 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 (Ameriking Inc)

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