Assignment by the Borrower. The rights of the Borrower under the provisions hereof are purely personal and may not be transferred or assigned, and the Borrower may not transfer or assign any of its obligations, such assignment being null and of no effect opposite the Lenders and rendering any balance outstanding of the amounts referred to in Section 14.2 immediately due and exigible at the option of the Lenders and further releasing the Lenders from any obligation to make any further Advances under the provisions hereof.
Appears in 4 contracts
Samples: Credit Agreement (Videotron Ltee), Credit Agreement (Videotron Ltee), Credit Agreement (Cgi Group Inc)
Assignment by the Borrower. The rights of the Borrower under the provisions hereof are purely personal and may not be transferred or assigned, and the Borrower may not transfer or assign any of its obligations, such assignment being null and of no effect opposite the Lenders and rendering any balance outstanding of the amounts referred to in Section 14.2 immediately due and exigible payable at the option of the Lenders and further releasing the Lenders from any obligation to make any further Advances under the provisions hereof.
Appears in 3 contracts
Samples: Credit Agreement (Quebecor Media Inc), Credit Agreement (Videotron Ltee), Credit Agreement (Videotron Ltee)
Assignment by the Borrower. The rights of the Borrower under the provisions hereof are purely personal and may not be transferred or assigned, and the Borrower may not transfer or assign any of its obligations, such assignment being null and of no effect opposite the Lenders and rendering any balance outstanding of the amounts referred to in Section 14.2 immediately due and exigible at the option of the Lenders and further releasing the Lenders from any obligation to make any further Advances under the provisions hereof.. 77
Appears in 1 contract
Samples: Credit Agreement (Videotron Ltee)
Assignment by the Borrower. The rights of the Borrower under the provisions hereof are purely personal and may not be transferred or assigned, and the Borrower may not transfer or assign any of its obligations, such assignment being null and of no effect opposite the Lenders Lender and rendering any balance outstanding of the amounts referred to in Section 14.2 l3.2 immediately due and exigible at the option of the Lenders Lender and further releasing the Lenders Lender from any obligation to make any further Advances under the provisions hereof.
Appears in 1 contract
