Assignment to the Borrower Sample Clauses
Assignment to the Borrower. Any Lender may, so long as no Default has occurred and is continuing and, only to the extent purchased at a discount, no proceeds of Revolving Credit Borrowings are applied to fund the consideration for any such assignment, at any time, assign all or a portion of its rights and obligations with respect to Term Loans under this Agreement to the Borrower through (x) Dutch auctions open to all Lenders on a pro rata basis in accordance with the procedures of the type described in Section 2.05(e) or (y) notwithstanding Sections 2.12 and 2.13 or any other provision in this Agreement, open market purchase on a non-pro rata basis (which open market purchase shall also apply to any Group Term Loans of the same Class under other Group Credit Agreements); provided that in connection with assignments pursuant to clauses (x) and (y) above,
(i) [Reserved]; and
(ii) (A) the principal amount of such Term Loans, along with all accrued and unpaid interest thereon, so contributed, assigned or transferred to the Borrower shall be deemed automatically cancelled and extinguished on the date of such contribution, assignment or transfer, (B) the aggregate outstanding principal amount of Term Loans of the remaining Lenders shall reflect such cancellation and extinguishment of the Term Loans then held by the Borrower and (C) the Borrower shall promptly provide notice to the Administrative Agent of such contribution, assignment or transfer of such Term Loans, and the Administrative Agent, upon receipt of such notice, shall reflect the cancellation of the applicable Term Loans in the Register.
Assignment to the Borrower. Any Lender may assign all or any portion of its Term Loans to the Borrower but only if:
(A) no Event of Default has occurred or is continuing or would result therefrom;
(B) such assignment is made pursuant to open market purchase;
(C) any such Term Loans shall be immediately and permanently cancelled immediately upon acquisition thereof by the Borrower; and
(D) the Borrower may not use proceeds from loans under the Revolving Facility to purchase Term Loans.
Assignment to the Borrower. Anything in this Section 12.06 to the contrary notwithstanding, the Borrower shall not, and shall not permit any of its Subsidiaries to, acquire (whether by assignment, participation or otherwise), and no Bank may assign or participate to the Borrower or any of its Subsidiaries or Affiliates, any interest in any Loan without the prior consent of each Bank.
Assignment to the Borrower. Any Lender may assign all or any portion of its Loans to the Borrower but only if:
(A) no Event of Default has occurred or is continuing or would result therefrom;
(B) such assignment is made pursuant to open market purchase;
(C) any such Loans shall be immediately and permanently cancelled immediately upon acquisition thereof by the Borrower; and
(D) the Borrower may not use proceeds from loans under the Revolving Credit Facility to purchase Loans and at the time of such assignment, there must be at least $500,000,000 of unborrowed commitments under the Revolving Credit Facility; provided that this clause (D) shall not be applicable if, immediately after giving effect to such assignment and cancellation, all Obligations (other than contingent indemnification obligations not yet accrued and payable) shall have been paid in full and any commitment of any Lender hereunder to extend credit to the Borrower shall have terminated or expired.