Common use of Sale and Assignment Clause in Contracts

Sale and Assignment. Subject to the terms and conditions of this Assignment Agreement, Assignor Lender hereby agrees to sell, assign and delegate, without recourse except to the extent of its representations and warranties expressly set forth herein, to each Assignee Lender and each Assignee Lender hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender under the Credit Agreement and the other Credit Documents having Commitments and Loans as set forth under the caption “Commitments or Loans Transferred” opposite such Assignee Lender’s name on Attachment 1 hereto and corresponding Proportionate Shares. Such sale, assignment and delegation shall become effective on the date designated in Attachment 1 hereto (the “Assignment Effective Date”), which date shall be, unless Administrative Agent shall otherwise consent, at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to Administrative Agent in accordance with Paragraph 3 hereof.

Appears in 1 contract

Samples: Credit Agreement (Adobe Systems Inc)

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Sale and Assignment. Subject to the terms and conditions of this Assignment Agreement, Assignor Lender Participant hereby agrees to sell, assign and delegate, without recourse except to the extent of its representations and warranties expressly set forth herein, delegate to each Assignee Lender Participant and each Assignee Lender Participant hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender Participant under the Credit Participation Agreement and the other Credit Operative Documents having Commitments equal to the Tranche A Percentage, Tranche B Percentage, Tranche C Percentage and Loans as Proportionate Share set forth under the caption “Commitments or Loans Transferred” captions "Tranche Percentages and Proportionate Shares Assigned" opposite such Assignee Lender’s Participant's name on Part A of Attachment 1 hereto and corresponding Proportionate SharesI hereto. Such sale, assignment and delegation shall become effective on the date L-1 277 designated in Part C of Attachment 1 I hereto (the "Assignment Effective Date"), which date shall be, unless Administrative Agent shall otherwise consent, at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to Administrative Agent in accordance with Paragraph 3 hereof.

Appears in 1 contract

Samples: Lease Agreement (Kla Tencor Corp)

Sale and Assignment. Subject to the terms and conditions of this Assignment Agreement, Assignor Lender Participant hereby agrees to sell, assign and delegate, without recourse except to the extent of its representations and warranties expressly set forth herein, delegate to each Assignee Lender Participant and each Assignee Lender Participant hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender Participant under the Credit Participation Agreement and the other Credit Operative Documents having Commitments equal to the Tranche A Percentage, Tranche B Percentage and Loans as Proportionate Share set forth under the caption “Commitments or Loans Transferred” captions "Tranche Percentages and Proportionate Shares Assigned" opposite such Assignee Lender’s Participant's name on Part A of Attachment 1 hereto and corresponding Proportionate SharesI hereto. Such sale, assignment and delegation shall become effective on the date designated in Part C of K-1 110 Attachment 1 I hereto (the "Assignment Effective Date"), which date shall be, unless Administrative Agent shall otherwise consent, at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to Administrative Agent in accordance with Paragraph 3 hereof.

Appears in 1 contract

Samples: Participation Agreement (Silicon Valley Group Inc)

Sale and Assignment. Subject to the terms and conditions of this Assignment Agreement, Assignor Lender Participant hereby agrees to sell, assign and delegate, without recourse except to the extent of its representations and warranties expressly set forth herein, delegate to each Assignee Lender Participant and each Assignee Lender Participant hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender Participant under the Credit Participation Agreement and the other Credit Operative Documents having Commitments equal to the Tranche A Percentage, Tranche B Percentage, Tranche C Percentage and Loans as Proportionate Share under each Facility set forth under the caption “Commitments or Loans Transferred” captions "Tranche Percentages and Proportionate Shares Assigned" opposite such Assignee Lender’s Participant's name on Part A of Attachment 1 hereto and corresponding Proportionate SharesI hereto. Such sale, assignment and delegation shall become effective on the date designated in Part C of Attachment 1 I hereto (the "Assignment Effective Date"), which L-1 401 date shall be, unless Administrative Agent shall otherwise consent, at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to Administrative Agent in accordance with Paragraph 3 hereof.

Appears in 1 contract

Samples: Participation Agreement (Novellus Systems Inc)

Sale and Assignment. Subject to the terms and conditions of this Assignment Agreement, Assignor Lender Participant hereby agrees to sell, assign and delegate, without recourse except to the extent of its representations and warranties expressly set forth herein, delegate to each Assignee Lender Participant and each Assignee Lender Participant hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender Participant under the Credit Participation Agreement and the other Credit Operative Documents having Commitments equal to the Tranche A Percentage, Tranche B Percentage, Tranche C Percentage and Loans as Proportionate Share set forth under the caption “Commitments or Loans Transferred” captions "Tranche Percentages and Proportionate Shares Assigned" opposite such Assignee Lender’s Participant's name on Part A of Attachment 1 hereto and corresponding Proportionate SharesI hereto. Such sale, assignment and delegation shall become effective on the date designated in Part C of Attachment 1 I hereto (the "Assignment Effective Date"), which date shall be, unless Administrative Agent shall otherwise consent, at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to Administrative Agent in accordance with Paragraph 3 hereof.

Appears in 1 contract

Samples: Assignment Agreement (Fair Isaac & Company Inc)

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Sale and Assignment. Subject to the terms and conditions of this Assignment Agreement, Assignor Lender hereby agrees to sell, assign and delegate, without recourse except to the extent of its representations and warranties expressly set forth herein, to each Assignee Lender and each Assignee Lender hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender under the Credit Agreement and the other Credit Documents having Commitments and Loans as set forth under the caption "Commitments or Loans Transferred" opposite such Assignee Lender’s 's name on Attachment 1 hereto and corresponding Proportionate Shares. Such sale, assignment and delegation shall become effective on the date designated in Attachment 1 hereto (the "Assignment Effective Date"), which date shall be, unless Administrative Agent shall otherwise consent, at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to Administrative Agent in accordance with Paragraph 3 hereof.

Appears in 1 contract

Samples: Credit Agreement (Adobe Systems Inc)

Sale and Assignment. Subject to the terms and conditions of this Assignment Agreement, Assignor Lender Participant hereby agrees to sell, assign and delegate, without recourse except to the extent of its representations and warranties expressly set forth herein, delegate to each Assignee Lender Participant and each Assignee Lender Participant hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender Participant under the Credit Participation Agreement and the other Credit Operative Documents having Commitments equal to the Tranche A Percentage, Tranche B Percentage, Tranche C Percentage and Loans as Proportionate Share set forth under the caption “Commitments or Loans Transferred” captions "Tranche Percentages and Proportionate Shares Assigned" opposite such Assignee Lender’s Participant's name on Part A of L-1 294 Attachment 1 hereto and corresponding Proportionate SharesI hereto. Such sale, assignment and delegation shall become effective on the date designated in Part C of Attachment 1 I hereto (the "Assignment Effective Date"), which date shall be, unless Administrative Agent shall otherwise consent, at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to Administrative Agent in accordance with Paragraph 3 hereof.

Appears in 1 contract

Samples: Participation Agreement (Novellus Systems Inc)

Sale and Assignment. Subject to the terms and conditions of this Assignment Agreement, Assignor Lender Participant hereby agrees to sell, assign and delegate, without recourse except to the extent of its representations and warranties expressly set forth herein, delegate to each Assignee Lender Participant and each Assignee Lender Participant hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender Participant under the Credit Participation Agreement and the other Credit Operative Documents having Commitments equal to the Tranche A Percentage, Tranche B Percentage, Tranche C Percentage and Loans as Proportionate Share under each Facility set forth under the caption “Commitments or Loans Transferred” captions "Tranche Percentages and Proportionate Shares Assigned" opposite such Assignee Lender’s Participant's name on Part A of Attachment 1 hereto and corresponding Proportionate SharesI hereto. Such sale, assignment and delegation shall become effective on the date designated in Part C of Attachment 1 I hereto (the "Assignment Effective Date"), which date shall be, unless Administrative Agent shall otherwise consent, at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to Administrative Agent in accordance with Paragraph 3 hereof.

Appears in 1 contract

Samples: Participation Agreement (Novellus Systems Inc)

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