Common use of SUBSEQUENT ASSIGNMENTS Clause in Contracts

SUBSEQUENT ASSIGNMENTS. After the Effective Date, Assignee shall have the right to assign the rights which are assigned to Assignee hereunder to any entity or person, provided that (a) any such subsequent assignment does not violate any of the terms and conditions of the Loan Documents or any law, rule, regulation, order, writ, judgment, injunction or decree and that any consent required under the terms of the Loan Documents has been obtained and (b) Assignee is not thereby released from any of its obligations to Assignor hereunder.

Appears in 5 contracts

Samples: Credit Agreement (Coconut Palm Acquisition Corp.), Credit Agreement (Jerrys Famous Deli Inc), Loan Agreement (Asi Group LLC)

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SUBSEQUENT ASSIGNMENTS. After the Effective Date, each Assignee shall have the right to assign the rights which are assigned to such Assignee hereunder to any entity or person, provided that (a) any such subsequent assignment does not violate any of the terms and conditions of the Loan Documents or any law, rule, regulation, order, writ, judgment, injunction or decree and that any consent required under the terms of the Loan Documents has been obtained and (b) such Assignee is not thereby released from any of its obligations to Assignor the Assignors hereunder.

Appears in 1 contract

Samples: Credit Agreement (Acme Communications Inc)

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