Common use of The Assignor Clause in Contracts

The Assignor. (i) represents and warrants that as of the date hereof its Revolving Credit Commitment (without giving effect to assignments thereof that have not yet become effective) is $__________ and the aggregate outstanding principal amount of Loans owing to it (without giving effect to assignments thereof that have not yet become effective) is $__________; (ii) represents and warrants that it is the legal and beneficial owner of the interest being assigned by it hereunder, and that such interest is free and clear of any adverse claim; (iii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Loan Agreement or any other instrument or document furnished pursuant thereto; and (iv) makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrowers or any other Loan Party or the performance or observance by the Borrowers or any other Loan Party of any of their respective obligations under the Loan Agreement or any other instrument or document furnished pursuant thereto; and (v) attaches the Note(s) referred to in paragraph 1 above and requests that the Agent exchange such Note(s) for new Note(s) as follows: a Note dated the Effective Date (as such term is defined below) in the principal amount of $___________ payable to the order of the Assignee and a Note dated the Effective Date in the principal amount of $___________ payable to the order of the Assignor.

Appears in 3 contracts

Samples: Loan Agreement (Health Care Reit Inc /De/), Loan Agreement (Health Care Reit Inc /De/), Loan Agreement (Health Care Reit Inc /De/)

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The Assignor. (i) represents and warrants that as of the date hereof its Revolving Credit Commitment (without giving effect to assignments thereof that have not yet become effective) is $__________ __, and the aggregate outstanding principal amount of the Revolving Credit Loans owing to it (without giving effect to assignments thereof that have not yet become effective) is $___________ and $__________ respectively; (ii) represents and warrants that it is the legal and beneficial owner of the interest being assigned by it hereunder, and that such interest is free and clear of any adverse claim; (iii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Loan Credit Agreement or any other instrument or document furnished pursuant thereto; and (iv) makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrowers Company or any other Loan Party Subsidiary of the Company or the performance or observance by the Borrowers Company or any other Loan Party Subsidiary of any the Company of their respective obligations under the Loan Credit Agreement or any other instrument or document furnished pursuant theretothereto or the enforceability of any such agreement, instrument or document; and (v) attaches the Note(s) Revolving Credit Note referred to in paragraph 1 above and requests that the Agent exchange such Note(s) note for new Note(s) as follows: a Note dated the Effective Date (as such term is defined below) in the principal amount of $___________ payable to the order of the Assignee and a Revolving Credit Note dated the Effective Date in the principal amount of $_____________ payable to the order of the Assignee and a Revolving Credit Note dated the Effective Date in the principal amount of $________________ payable to the order of the Assignor.

Appears in 1 contract

Samples: Credit Agreement (Sbarro Inc)

The Assignor. (i) represents and warrants that as of the date hereof its Revolving Credit Commitment (without giving effect to assignments thereof that have not yet become effective) is $__________ $ and the aggregate outstanding principal amount of Loans owing to it (without giving effect to assignments thereof that have not yet become effective) is $__________$ ; (ii) represents and warrants that it is the legal and beneficial owner of the interest being assigned by it hereunder, and that such interest is free and clear of any adverse claim; (iii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Loan Agreement or any other instrument or document furnished pursuant thereto; and (iv) makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrowers or any other Loan Party or the performance or observance by the Borrowers or any other Loan Party of any of their respective obligations under 102 the Loan Agreement or any other instrument or document furnished pursuant thereto; and (v) attaches the Note(s) referred to in paragraph 1 above and requests that the Agent exchange such Note(s) for new Note(s) as follows: a Note dated the Effective Date (as such term is defined below) in the principal amount of $___________ $ payable to the order of the Assignee and a Note dated the Effective Date in the principal amount of $___________ $ payable to the order of the Assignor.

Appears in 1 contract

Samples: Loan Agreement (Health Care Reit Inc /De/)

The Assignor. (i) represents and warrants that as of the date hereof hereof, its Revolving Credit Commitment (without giving effect to assignments thereof that have not yet become effective) is $__________ and the aggregate outstanding principal amount of Loans owing to it (without giving effect to assignments thereof that which have not yet become effective) is $__________; , the outstanding balance of its Revolving Credit Loans (unreduced by any assignments thereof which have not yet become effective) is $__________, and the amount of its participation in Letters of Credit and Acceptance Drafts (unreduced by any assignments thereof which have not yet become effective) that have been issued and remain undrawn is $___________, (ii) represents makes no representation or warranty and warrants assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Credit Agreement or the execution, legality, validity, enforceability, perfection, genuineness, sufficiency or value of the Credit Agreement or any other Loan Documents or any other instrument or document furnished pursuant to any thereof, other than that it is the legal and beneficial owner of the interest being assigned by it hereunder, hereunder and that such interest is free and clear of any adverse claim; (iii) makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrower or any statementsGuarantor, warranties or representations made in the performance or in connection with observance by the Borrower or any Guarantor, of its obligations under the Credit Agreement or any other Loan Agreement Documents or any other instrument or document furnished pursuant theretoto any thereof; and (iv) makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrowers or any other Loan Party or the performance or observance by the Borrowers or any other Loan Party of any of their respective obligations under the Loan Agreement or any other instrument or document furnished pursuant thereto; and (v) attaches the Note(s) Notes referred to in paragraph 1 above and requests that the Agent exchange such Note(s) Notes for a new Note(s) as follows: a Note dated the Effective Date (as such term is defined below) [payable to Assignee] [payable to Assignor] in the principal amount of $amounts equal to _______ and ___________ payable to the order of the Assignee and a Note dated the Effective Date in the principal amount of $___________ payable to the order of the Assignor, respectively.

Appears in 1 contract

Samples: Credit Agreement (Milgray Electronics Inc)

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The Assignor. (i) represents and warrants that as of the date hereof its Revolving Credit Commitment (without giving effect to assignments thereof that have not yet become effective) is $__________ and the aggregate outstanding principal amount of Loans owing to it (without giving effect to assignments thereof that have not yet become effective) is $__________; (ii) represents and warrants that it is the legal and beneficial owner of the interest being assigned by it hereunder, and that such interest is free and clear of any adverse claim; (iii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Loan Credit Agreement or any other instrument or document furnished pursuant thereto; and (iv) makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrowers Borrower or any other Loan Party or the performance or observance by the Borrowers Borrower or any other Loan Party of any of their respective its obligations under the Loan Credit Agreement or any other instrument or document furnished pursuant thereto; and (v) attaches the Note(s) referred to in paragraph 1 above and requests that the Agent exchange such Note(s) for new Note(s) as follows: a Note dated the Effective Date (as such term is defined below) in the principal amount of $_$ __________ payable to the order of the Assignee and a Note dated the Effective Date in the principal amount of $_$ __________ payable to the order of the Assignor.

Appears in 1 contract

Samples: Credit Agreement (Lodgenet Entertainment Corp)

The Assignor. (i) represents and warrants that as of the date hereof its Revolving Credit Commitment (without giving effect to assignments thereof that have not yet become effective) is $__________ $ and the aggregate outstanding principal amount of Loans owing to it (without giving effect to assignments thereof that have not yet become effective) is $__________$ ; (ii) represents and warrants that it is the legal and beneficial owner of the interest being assigned by it hereunder, and that such interest is free and clear of any adverse claim; (iii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Loan Agreement or any other instrument or document furnished pursuant thereto; and (iv) makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrowers or any other Loan Party or the performance or observance by the Borrowers or any other Loan Party of any of their respective obligations under the Loan Agreement or any other instrument or document furnished pursuant thereto; and (v) attaches the Note(s) referred to in paragraph 1 above and requests that the Agent exchange such Note(s) for new Note(s) as follows: a Note dated the Effective Date (as such term is defined below) in the principal amount of $___________ $ payable to the order of the Assignee and a Note dated the Effective Date in the principal amount of $___________ $ payable to the order of the Assignor.

Appears in 1 contract

Samples: Loan Agreement (Health Care Reit Inc /De/)

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