Assignment or Sale. In the event that NewCo assigns or sells all or any part of its interest in the Term Loans to a third party or parties, such third parties shall agree in writing to be bound by the terms hereof with respect to Assignor’s Retained Rights and shall succeed to all of the rights and obligations of NewCo hereunder for the portion purchased, and this Agreement shall remain in full force and effect with respect thereto. In the event that Assignor assigns or sells all or any part of Assignor’s Retained Rights to a third party or parties, such third parties shall agree in writing to be bound by the terms hereof and shall succeed to all of the rights and obligations of Assignor hereunder for the portion purchased, and this Agreement shall remain in full force and effect with respect thereto.
Appears in 2 contracts
Sources: Contribution, Assignment and Assumption Agreement (American Renal Associates Holdings, Inc.), Contribution, Assignment and Assumption Agreement (American Renal Associates Holdings, Inc.)