Assignment by the Administrative Agent Sample Clauses

The "Assignment by the Administrative Agent" clause defines the conditions under which the administrative agent in a contract may transfer its rights and obligations to another party. Typically, this clause outlines whether the agent needs consent from other parties before making such an assignment and may specify any restrictions or procedures that must be followed. For example, it might require lender approval or limit assignments to affiliates. Its core function is to ensure all parties are aware of and agree to any changes in the administrative agent, thereby maintaining stability and transparency in the management of the agreement.
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Assignment by the Administrative Agent. The Administrative Agent may from time to time assign the Secured Obligations to a successor Administrative Agent appointed in accordance with the Credit Agreement, and such successor shall be entitled to all of the rights and remedies of the Administrative Agent under this Agreement in relation thereto.
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Assignment by the Administrative Agent. The Administrative Agent may from time to time assign the Pledgor Obligations and any portion thereof and/or the Pledged Collateral and any portion thereof, and the assignee shall be entitled to all of the rights and remedies of the Administrative Agent under this Pledge Agreement in relation thereto.
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Assignment by the Administrative Agent. The Administrative Agent may, in accordance with the Credit Agreement, from time to time assign the Credit Party Obligations or any portion thereof and/or the Pledged Collateral or any portion thereof to a successor Administrative Agent, and the assignee shall be entitled to all of the rights and remedies of the Administrative Agent under this Pledge Agreement in relation thereto.
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Assignment by the Administrative Agent. The Secured Parties may from time to time assign the Secured Obligations and any portion thereof and/or the Pledged Collateral and any portion thereof in accordance with the applicable provisions of the Credit Agreement, and the assignee shall be entitled to all of the rights and remedies of such Person under this Agreement in relation thereto.
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Assignment by the Administrative Agent. The Administrative Agent may assign its rights and obligations hereunder (i) to any of its Affiliates and (ii) to any other Person, with the prior written consent of the Transferor (such consent not to be unreasonably withheld, conditioned or delayed; provided, however, that such consent shall not be required if a Termination Event or Potential Termination Event has occurred and is continuing).
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Assignment by the Administrative Agent. To the extent a new administrative agent is appointed under the Financing Agreement, the Administrative Agent may assign any or all of its right, title and interest in and to this Share Pledge Agreement to such administrative agent or a designee thereof without the consent of the parties hereto. Upon notice by the Administrative Agent, this Share Pledge Agreement shall be amended to reflect such assignment. In any or all such cases, this Share Pledge Agreement shall continue to secure the payment in full as and when due of the Secured Obligations.
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Assignment by the Administrative Agent. The Administrative Agent may assign its rights and obligations hereunder (i) to any of its Affiliates and (ii) to any other Person, with the prior written consent of the Transferor (such consent not to be unreasonably withheld, 98 70 Redline 92
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Related to Assignment by the Administrative Agent

  • Reliance by the Administrative Agent The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the Issuing Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender or the Issuing Lender unless the Administrative Agent shall have received notice to the contrary from such Lender or the Issuing Lender prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.