Assignment and Assumption definition
Examples of Assignment and Assumption in a sentence
If the Assignee is not already a Lender under the Credit Agreement, attached to this Assignment and Assumption is a completed Administrative Questionnaire as to the Assignee.
The reallocation of the aggregate Commitments hereunder among the Lenders shall be deemed to have been consummated pursuant to the terms of the Assignment and Assumption attached as Exhibit A to the Existing Credit Agreement as if the Lenders had executed an Assignment and Assumption with respect to such reallocation.
The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment.
This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument.
The initial Applicable Percentage of each Lender for each of the WC Loans, WC Interim Loans and the Revolver Loans is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable.