Examples of Assigning Lenders in a sentence
Capital One acknowledges and agrees that the sale and assignment, and purchase and assumption hereunder is without recourse to the Assigning Lenders (or any other Lender) and without any warranties whatsoever by any Assigning Lender (except as expressly set forth in Section 6), any other Lender or the Administrative Agent.
Borrower will use the proceeds of the Revolving Loans and Swingline Loans on and after the Restatement Date for the repayment of any Term Loans assigned to HF-4 by the Assigning Lenders, for general corporate and working capital purposes (including to effect any Permitted Acquisitions), for Capital Expenditures and for other corporate purposes consistent with the terms of this Agreement.
The Assigning Lenders and the Assignee Lenders, severally and not jointly, hereby agree, on the Restatement Effective Date, to effect any inter-Lender transfers necessary to cause each Lender to hold the portion of the Revolving Loan Commitment and the portion of the Term Loan set forth beside such Lender’s name on Schedules 1.1(a) and 1.1(b).
Such assignment shall be substantially in the form of Exhibit A hereto and shall not be permitted hereunder unless such assignment is either (i) for all of such Assigning Lender's rights and obligations under the Loan Documents or (ii) involves a Dollar Commitment in the amount of at least $5,000,000, and (iii) following the time such assignment becomes effective, the Assigning Lender's Dollar Commitment shall not be less than $5,000,000.
Upon the Effective Date, all Loans and participations in Letters of Credit of the Assigning Lenders outstanding immediately prior to the Effective Date shall be, and hereby are, restructured, rearranged, renewed, extended and continued as provided in this Amendment and shall continue as Loans and participations in Letters of Credit of each Assigning Lender and Capital One, respectively, under the Credit Agreement.