Assignment and Participation. It is understood and agreed that each Bank shall have the right to assign at any time all or any portion of its Commitment and interests in the risk relating to the Loans and outstanding Letters of Credit hereunder in an amount equal to or greater than $2,500,000 (which assignment shall be of an equal percentage of its Commitment, the Loans and outstanding Letters of Credit unless otherwise agreed to by the Administrative Agent) to any Eligible Assignees with the prior written approval of the Administrative Agent and, if no Default or Event of Default exists, the Borrowers, which approvals shall not be unreasonably withheld or delayed; provided, however, that the Administrative Agent may assign without the consent of the Borrowers such portion of its Commitment and interests in the risk relating to the Loans and outstanding Letters of Credit necessary to reach its desired hold level. Any Bank may at any time, and from time to time, assign to any Bank Affiliate of such Bank all or any part of its rights and obligations under the Loan Documents by notice to the Administrative Agent and the Borrowers. It is further agreed that each assignee which executes and delivers to the Administrative Agent and the Borrowers hereunder an Assignment and Acceptance substantially in the form of Exhibit F hereto together with an assignment fee in the amount of $3,500 payable by the assigning Bank to the Administrative Agent, shall, on the date specified in such Assignment and Acceptance, become a party to this Credit Agreement and the other Loan Documents for all purposes of this Credit Agreement and the other Loan Documents, and its portion of the Commitment, the Loans and Letters of Credit shall be as set forth in such Assignment and Acceptance. The Bank assignor thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights and be released from its obligations under this Credit Agreement. Upon the execution and delivery of such Assignment and Acceptance, the Borrowers shall issue to the assignee a Note in the amount of such assignee’s Commitment, dated the date of the assignment and otherwise completed in substantially the form of Exhibit B and to the extent any assigning Bank has retained a portion of its obligations hereunder, an appropriate replacement Note to the assigning Bank reflecting its assignment; (b) the Administrative Agent shall distribute to the Borrowers, the ...
Assignment and Participation. 72 20.1. Conditions to Assignment by Banks. .................................................72 20.2. Certain Representations and Warranties; Limitations; Covenants. ....................72 20.3. Register. ..........................................................................73 20.4. New Notes. .........................................................................74 20.5. Participations. ....................................................................74 20.6. Disclosure. ........................................................................74 20.7. Assignee or Participant Affiliated with the Borrower. ..............................75 20.8.
Assignment and Participation. (a) Except as explicitly set forth in Sections 2.1 and 2.2, Borrower may not sell, assign or transfer any interest in the Loan Documents or any portion thereof (including Borrower’s rights, title, interests, remedies, powers and duties hereunder and thereunder).
Assignment and Participation. No Lender shall be permitted to assign or sell all or any portion of its rights and obligations under this Agreement to Borrower or any Affiliate of Borrower.
Assignment and Participation. 105 20.1. Conditions to Assignment by Lenders. ........................105 20.2. Certain Representations and Warranties; Limitations; Covenants. .........................................................106 20.3. Register. ...................................................107 20.4. New Notes. ..................................................107 20.5. Participations. .............................................108 20.6. Disclosure. .................................................108 20.7. Assignee or Participant Affiliated with the Borrowers. ......108 20.8.
Assignment and Participation. This Agreement and the Credit Documents shall bind and inure to the benefit of the Borrower and their respective successors and assigns and the Agent and the Banks and their respective successors and assigns. The Borrower may not assign its rights or delegate its duties under this Agreement or any Credit Document.
Assignment and Participation. 68 Section 18.
Assignment and Participation. 62 Section 18.1. Conditions to Assignment by Banks . . . . . . . . . . . . . . . . . . . . . 62 Section 18.2. Register . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 Section 18.3. New Notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 Section 18.4. Participations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 Section 18.5. Pledge by Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 Section 18.6. No Assignment by Borrower or Guarantor . . . . . . . . . . . . . . . . . . 64 Section 18.7. Disclosure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 Section 18.8. Amendments to Loan Documents . . . . . . . . . . . . . . . . . . . . . . . 64
Assignment and Participation. 48 8.1 Assignments and Participations in Loans and Notes..............................................49 8.2 Agent..........................................................................................50 8.3 Amendments, Consents and Waivers for Certain Actions...........................................55 8.4 Set Off and Sharing of Payments................................................................56 8.5
Assignment and Participation. 40 8.1 Assignments and Participations in Loans and Notes.............................................. 40 8.2 Administrative Agent........................................................................... 42 (A) Appointment........................................................................... 42 (B) Nature of Duties...................................................................... 42 (C) Rights, Exculpation, Etc.............................................................. 43 (D) Reliance.............................................................................. 44 (E) Indemnification....................................................................... 44 (F)
