Effect of Assignment. Upon satisfaction of all applicable requirements set forth in subsections (a) through (g) above, and any other condition contained in this Section 11.10, (i) the assignee shall become and thereafter be deemed to be a “Lender” for the purposes of this Agreement, (ii) the assignor shall be released from its obligations hereunder to the extent that its interest has been assigned, (iii) in the event that the assignor’s entire interest has been assigned, the assignor shall cease to be and thereafter shall no longer be deemed to be a “Lender” and (iv) the signature pages hereto and Schedule 1 hereto shall be automatically amended, without further action, to reflect the result of any such assignment.
Appears in 23 contracts
Samples: Credit and Security Agreement (Sleep Number Corp), Credit and Security Agreement (Sleep Number Corp), Credit and Security Agreement (Sleep Number Corp)
Effect of Assignment. Upon satisfaction of all applicable requirements set forth in subsections (a) through (g) above, and any other condition contained in this Section 11.1010.10, (i) the assignee shall become and thereafter be deemed to be a “Lender” for the purposes of this Agreement, (ii) the assignor shall be released from its obligations hereunder to the extent that its interest has been assigned, (iii) in the event that the assignor’s entire interest has been assigned, the assignor shall cease to be and thereafter shall no longer be deemed to be a “Lender” and (iv) the signature pages hereto and Schedule 1 hereto shall be automatically amended, without further action, to reflect the result of any such assignment.
Appears in 8 contracts
Samples: Credit Agreement (Applied Industrial Technologies Inc), Credit Agreement (IHS Inc.), Credit Agreement (Sykes Enterprises Inc)
Effect of Assignment. Upon satisfaction of all applicable requirements of set forth in subsections (a) through (g) above, and any other condition contained in this Section 11.1010.10, (i) the assignee shall become and thereafter be deemed to be a “Lender” for the purposes of this Agreement, (ii) the assignor shall be released from its obligations hereunder to the extent that its interest has been assigned, (iii) in the event that the assignor’s entire interest has been assigned, the assignor shall cease to be and thereafter shall no longer be deemed to be a “Lender” and (iv) the signature pages hereto and Schedule 1 hereto shall be automatically amended, without further action, to reflect the result of any such assignment.
Appears in 3 contracts
Samples: Credit Agreement (Cintas Corp), Credit Agreement (Cintas Corp), Assignment and Acceptance Agreement (Teletech Holdings Inc)
Effect of Assignment. Upon satisfaction of all applicable requirements set forth in subsections (a) through (g) above, and any other condition contained in this Section 11.1012.10, (i) the assignee shall become and thereafter be deemed to be a “Lender” for the purposes of this Agreement, (ii) the assignor shall be released from its obligations hereunder to the extent that its interest has been assigned, (iii) in the event that the assignor’s entire interest has been assigned, the assignor shall cease to be and thereafter shall no longer be deemed to be a “Lender” and (iv) the signature pages hereto and Schedule 1 hereto shall be automatically amended, without further action, to reflect the result of any such assignment.
Appears in 2 contracts
Samples: Credit Agreement (Gibraltar Industries, Inc.), Credit Agreement (Gibraltar Industries, Inc.)
Effect of Assignment. Upon satisfaction of all applicable requirements set forth in subsections (a) through (g) above, and any other condition contained in this Section 11.10, (i) the assignee shall become and thereafter be deemed to be a “"Lender” " for the purposes of this Agreement, (ii) the assignor shall be released from its obligations hereunder to the extent that its interest has been assigned, (iii) in the event that the assignor’s 's entire interest has been assigned, the assignor shall cease to be and thereafter shall no longer be deemed to be a “"Lender” " and (iv) the signature pages hereto and Schedule 1 hereto shall be automatically amended, without further action, to reflect the result of any such assignment.
Appears in 2 contracts
Samples: Credit and Security Agreement (Kratos Defense & Security Solutions, Inc.), Assignment and Acceptance Agreement (Shiloh Industries Inc)
Effect of Assignment. Upon satisfaction of all applicable requirements of set forth in subsections (a) through (g) above, and any other condition contained in this Section 11.1010.10, (i) the assignee shall become and thereafter be deemed to be a “"Lender” " for the purposes of this Agreement, (ii) the assignor shall be released from its obligations hereunder to the extent that its interest has been assigned, (iii) in the event that the assignor’s 's entire interest has been assigned, the assignor shall cease to be and thereafter shall no longer be deemed to be a “"Lender” " and (iv) the signature pages hereto and Schedule 1 hereto shall be automatically amended, without further action, to reflect the result of any such assignment.
Appears in 2 contracts
Samples: Credit Agreement (Schulman a Inc), Credit Agreement (Sykes Enterprises Inc)
Effect of Assignment. Upon satisfaction of all applicable requirements set forth in subsections (a) through (g) above, and any other condition contained in this Section 11.1010.10, (i) the assignee shall become and thereafter be deemed to be a “"Lender” " for the purposes of this Agreement, (ii) the assignor shall be released from its obligations hereunder to the extent that its interest has been assigned, (iii) in the event that the assignor’s 's entire interest has been assigned, , the assignor shall cease to be and thereafter shall no longer be deemed to be a “"Lender” " and (iv) the signature pages hereto and Schedule 1 hereto shall be automatically amended, without further action, to reflect the result of any such assignment.
Appears in 1 contract
Samples: Assignment and Acceptance Agreement (Smucker J M Co)
Effect of Assignment. Upon satisfaction of all applicable requirements set forth in subsections (a) through (g) above, and any other condition contained in this Section 11.1010.10, (i) the assignee shall become and thereafter be deemed to be a “"Lender” " for the purposes of this Agreement, (ii) the assignor shall be released from its obligations hereunder to the extent that its interest has been assigned, (iii) in the event that the assignor’s 's entire interest has been assigned, the assignor shall cease to be and thereafter shall no longer be deemed to be a “"Lender” " and (iv) the signature pages hereto and Schedule 1 hereto shall be automatically amended, without further action, to reflect the result of any such assignment.
Appears in 1 contract
Samples: Credit Agreement (Applied Industrial Technologies Inc)
Effect of Assignment. Upon satisfaction of all applicable requirements set forth in subsections (a) through (g) above, and any other condition contained in this Section 11.10, (i) the assignee shall become and thereafter be deemed to be a “LenderBank” for the purposes of this Agreement, (ii) the assignor Assignor shall be released from its obligations hereunder to the extent that its interest has been assigned, (iii) in the event that the assignor’s entire interest has been assigned, the assignor shall cease to be and thereafter shall no longer be deemed to be a “Lender” Bank”, and (iv) the signature pages hereto and Schedule 1 hereto shall be automatically amended, without further action, to reflect the result of any such assignment.
Appears in 1 contract
Samples: Credit and Security Agreement (MTC Technologies Inc)
Effect of Assignment. Upon satisfaction of all applicable requirements of set forth in subsections (a) through (g) above, and any other condition contained in this Section 11.1010.10, (i) the assignee shall become and thereafter be deemed to be a “"Lender” " for the purposes of this Agreement, (ii) the assignor Assignor shall be released from its obligations hereunder to the extent that its interest has been assigned, (iii) in the event that the assignor’s 's entire interest has been assigned, the assignor shall cease to be and thereafter shall no longer be deemed to be a “"Lender” " and (iv) the signature pages hereto and Schedule 1 hereto shall be automatically amended, without further action, to reflect the result of any such assignment.
Appears in 1 contract
Samples: Assignment and Acceptance Agreement (Pioneer Standard Electronics Inc)
Effect of Assignment. Upon satisfaction of all applicable requirements set forth in subsections (a) through (g) above, and any other condition contained in this Section 11.1010.10, (i) the assignee shall become and thereafter be deemed to be a “"Lender” " for the purposes of this 72 Agreement, (ii) the assignor shall be released from its obligations hereunder to the extent that its interest has been assigned, (iii) in the event that the assignor’s 's entire interest has been assigned, the assignor shall cease to be and thereafter shall no longer be deemed to be a “"Lender” " and (iv) the signature pages hereto and Schedule 1 hereto shall be automatically amended, without further action, to reflect the result of any such assignment.
Appears in 1 contract
Effect of Assignment. Upon satisfaction of all applicable requirements set forth in subsections (a) through (g) above, and any other condition contained in this Section 11.10, : (i) the assignee shall become and thereafter be deemed to be a “Lender” for the purposes of this Agreement, ; (ii) the assignor shall be released from its obligations hereunder to the extent that its interest has been assigned, ; (iii) in the event that the assignor’s entire interest has been assigned, ; the assignor shall cease to be and thereafter shall no longer be deemed to be a “Lender” and (iv) the signature pages hereto and Schedule 1 hereto shall be automatically amended, without further action, to reflect the result of any such assignment.
Appears in 1 contract
Samples: Assignment and Acceptance Agreement (Sg Blocks, Inc.)
Effect of Assignment. Upon satisfaction of all applicable requirements set forth in subsections (a) through (g) above, and any other condition contained in this Section 11.10, (i) the assignee shall become and thereafter be deemed to be a “Lender” "Bank" for the purposes of this Agreement, (ii) the assignor Assignor shall be released from its obligations hereunder to the extent that its interest has been assigned, (iii) in the event that the assignor’s 's entire interest has been assigned, the assignor shall cease to be and thereafter shall no longer be deemed to be a “Lender” "Bank", and (iv) the signature pages hereto and Schedule 1 hereto shall be automatically amended, without further action, to reflect the result of any such assignment.
Appears in 1 contract
Samples: Credit and Security Agreement (MTC Technologies Inc)
Effect of Assignment. Upon satisfaction of all applicable requirements set forth in subsections (a) through (g) above, and any other condition contained in this Section 11.1010.10, (i) the assignee shall become and thereafter be deemed to be a “Lender” for the purposes of this Agreement, (ii) the assignor shall be released from its obligations hereunder to the extent that its interest has been assigned, (iii) in the event that the assignor’s entire interest has been assigned, the assignor shall cease to be and thereafter shall no longer be deemed to be a “Lender” and (iv) the signature pages hereto and Schedule 1 hereto the Register shall be automatically amended, without further action, to reflect the result of any such assignment.
Appears in 1 contract
Effect of Assignment. Upon satisfaction of all applicable requirements set forth in subsections (a) through (g) above, and any other condition contained in this Section 11.10, (i) the assignee shall become and thereafter be deemed to be a “Lender” for the purposes of this Agreement, (ii) the assignor shall be released from its obligations hereunder to the extent that its interest has been assigned, (iii) in the event that the assignor’s entire interest has been assigned, the assignor shall cease to be and thereafter shall no longer be deemed to be a “Lender” and (iv) the signature pages hereto and Schedule 1 1(A) hereto shall be automatically amended, without further action, to reflect the result of any such assignment.
Appears in 1 contract
Samples: Credit Agreement (Nn Inc)
