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, (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 120 112 the Credit Agreement; provided, however, that the Assignor shall retain its rights to be indemnified pursuant to Section 17 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.

Appears in 1 contract

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

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Rights Under Credit Agreement. Upon such acceptance and 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 120 112 the Credit Agreement; provided, provided however, that the Assignor shall retain its rights to be indemnified pursuant to Section 17 9.03 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 (Invesco Senior Income Trust)

Rights Under Credit Agreement. Upon such acceptance and 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 120 112 the Credit Agreement; provided, however, that the Assignor shall retain its rights to be indemnified pursuant to Section 17 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, (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 Lender 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 120 112 the Credit Agreement; provided, however, that the Assignor shall retain its rights to be indemnified pursuant to Section 17 ss.18 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Transtechnology Corp)

Rights Under Credit Agreement. Upon such acceptance and 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 120 112 the Credit Agreement; provided, however, that the Assignor shall retain its rights to be indemnified pursuant to Section 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 (Teradyne Inc)

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Rights Under Credit Agreement. Upon such acceptance and 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 120 112 the Credit Agreement; provided, however, that the Assignor shall retain its rights to be indemnified pursuant to Section 17 18 of the Credit Agreement with respect to any claims or actions arising prior to the Effective Date. 6.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Flextronics International LTD)

Rights Under Credit Agreement. Upon such acceptance and 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 120 112 the Credit Agreement; provided, however, that the Assignor shall retain its rights to be indemnified pursuant to Section 17 ss.19 of the Credit Agreement with respect to any claims or actions arising prior to the thE Effective Date.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Perkins Family Restaurants Lp)

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