Common use of Assignment and Participations Clause in Contracts

Assignment and Participations. The Lender may sell, assign or transfer to any person or persons, all or any part of the Obligations or all or any part of the Loan Documents and each such person or persons shall have the right to enforce the provisions of the Loan Documents and any of the Obligations as fully as the Lender; PROVIDED, THAT, the Lender shall continue to have the unimpaired right to enforce the provisions of the Loan Documents and any of the Obligations as to so much of the Loan Documents and/or the Obligations that it has not sold, assigned or transferred. Additionally, the Lender may sell or grant to any other person or persons participations in all or any part of the Obligations or all or any part of the Loan Documents. In connection with and prior to and after any such sale, transfer, assignment or participation, the Lender may subject to obtaining a confidentiality undertaking, disclose and furnish to any prospective or actual purchaser, transferee, assignee or participant, any and all reports, financial statements and other information obtained by the Lender at any time and from time to time in connection with the Obligations, any of the Loan Documents or otherwise. The Borrowers will fully cooperate with the Lender in connection with any such assignment and will execute and deliver such documents as are necessary to effect any such assignment, amendments to this Agreement in order to effect any such assignment (including, without limitation, the appointment of the Lender as agent for itself and all assignees) and new or replacement promissory note for the Note in conjunction with any such assignment; PROVIDED, THAT, the Borrowers' indebtedness, obligations and liabilities under this Agreement and the other Loan Documents will not be increased by reason of any such assignment.

Assignment and Participations. The Lender may Bank may, without notice to or consent of the Borrowers, sell, assign or transfer to any person or persons, all or any part of the Obligations or all or any part of the Loan Financing Documents and each such person or persons shall have the right to enforce the provisions of the Loan Financing Documents and any of the Obligations as fully as the Lender; PROVIDEDBank, THAT, provided that the Lender Bank shall continue to have the unimpaired right to enforce the provisions of the Loan Financing Documents and any of the Obligations as to so much of the Loan Financing Documents and/or the Obligations that it has not sold, assigned or transferred. Additionally, the Lender Bank may sell or grant to any other person or persons participations in all or any part of the Obligations or all or any part of the Loan Financing Documents. In connection with and prior to and after any such sale, transfer, assignment or participation, the Lender Bank may subject to obtaining a confidentiality undertaking, disclose and furnish to any prospective or actual purchaser, transferee, assignee or participant, any and all reports, financial statements and other information obtained by the Lender Bank at any time and from time to time in connection with the Obligations, any of the Loan Financing Documents or otherwise. The Each of the Borrowers will fully cooperate with the Lender Bank in connection with any such assignment and will execute and deliver such documents as are necessary consents and acceptances to effect any such assignment, amendments to this Agreement in order to effect any such assignment (including, without limitation, the appointment of the Lender Bank as agent for itself and all assignees) and new or replacement promissory note notes for any of the Revolving Credit Note in conjunction with any such assignment; PROVIDEDprovided, THAT, that the Borrowers' joint and several indebtedness, obligations and liabilities of the Borrowers under this Agreement and the other Loan Financing Documents will not be increased by reason of any such assignment.