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.
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Sources: Credit Agreement (Frontier Communications Corp), Credit Agreement (Frontier Communications Corp), Credit Agreement (Frontier Communications Corp)
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 theany Revolving Facility to purchase Term Loans.
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