ASSIGNMENT OF LENDER'S INTEREST. Each Lender shall have the right to assign its Loans and all or any portion of its rights in or pursuant to this Agreement or any of the Loan Documents to any subsequent holder or holders of its Note or the Obligations evidenced thereby, provided that each Lender shall give Agent concurrent written notice of each such assignment.
Appears in 5 contracts
Sources: Loan Agreement (Silverleaf Resorts Inc), Acquisition, Construction and Receivable Loan, Security and Agency Agreement (Bluegreen Corp), Loan, Security and Agency Agreement (Silverleaf Resorts Inc)
ASSIGNMENT OF LENDER'S INTEREST. Each Lender shall have the right to assign its Loans the Loan and all or any portion of its rights in or pursuant to this Agreement or any of the Loan Documents to any subsequent holder or holders of its the Note or the Obligations evidenced thereby, provided that each Lender shall give Agent concurrent written notice of each such assignment.
Appears in 2 contracts
Sources: Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc)