Assignments by ▇▇▇▇▇▇▇. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions: (i) Minimum Amounts. (A) in the case of an assignment of the entire remaining amount of the assigning ▇▇▇▇▇▇’s Commitment and the Loans at the time owing to the assigning Lender or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and (B) in any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment (or the Commitments of such assigning Lender, to the extent such Commitments have not been terminated pursuant to Section 2.01), determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $1,000,000 or other than in $1,000,000 increments thereabove unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consent (each such consent not to be unreasonably withheld or delayed).
Appears in 2 contracts
Sources: Credit Agreement (Accelerant Holdings), Credit Agreement (Accelerant Holdings)
Assignments by ▇▇▇▇▇▇▇. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions:
(i) : Minimum Amounts.
(A) . in the case of an assignment of the entire remaining amount of the assigning ▇▇▇▇▇▇’s Commitment and the Loans at the time owing to the assigning Lender it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and
(B) and in any case not described in subsection clause (b)(i)(Aa)(i) of this SectionSection 11.8.2, the aggregate amount of the Revolving Credit Commitment of any Class (which for this purpose includes Revolving Credit Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Revolving Credit Loans of such Class of the assigning Lender and the principal outstanding balance of the Term Loans of the assigning Lender Lender, in each case, subject to each such assignment (or the Commitments of such assigning Lender, to the extent such Commitments have not been terminated pursuant to Section 2.01), determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, ) shall not be less than (x) $5,000,000, in the case of any assignment in respect of the Revolving Credit Commitment of any Class, Revolving Credit Loans or Term A Loans or (y) $1,000,000 or other than in $1,000,000 increments thereabove the case of any assignment in respect of the Term B Loans of the assigning Lender, unless each of the applicablethe Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consent consents (each such consent not to be unreasonably withheld or delayed).
Appears in 1 contract
Assignments by ▇▇▇▇▇▇▇. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions:
: (i) Minimum Amounts.. 258 US-DOCS\123992845.16 042525-0274
(A) in the case of an assignment of the entire remaining amount of the assigning ▇▇▇▇▇▇’s Commitment and the Loans at the time owing to the assigning Lender it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and
and (B) in any case not described in subsection (b)(i)(A) of this SectionSection 10.07, the aggregate amount of the Commitment or, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment (or the Commitments of such assigning Lender, to the extent such Commitments have not been terminated pursuant to Section 2.01)assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $1,000,000 1.0 million, unless either (x) such assignment is to a Lender, an Affiliate of a Lender or other than in $1,000,000 increments thereabove unless an Approved Fund or (y) each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consent consents; provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single Eligible Assignee (each or to an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such consent not to be unreasonably withheld or delayed)minimum amount has been met.
Appears in 1 contract
Assignments by ▇▇▇▇▇▇▇. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans Advances at the time owing to it); provided that any such assignment shall be subject to the following conditions:
(i) Minimum Amounts.
(Aa) in the case of an assignment of the entire remaining amount of the assigning ▇▇▇▇▇▇’s Commitment and or the Loans Advances at the time owing to it or contemporaneous assignments to or by related Permitted Assignee (determined after giving effect to such assignments) that equal at least the assigning Lender amount specified in paragraph (B)(i)(b) of this Section 10.8 in the aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Funda Permitted Assignee, no minimum amount need be assigned; and
(Bb) in any case not described in subsection paragraph (b)(i)(AB)(i)(a) of this SectionSection 10.8, the aggregate amount of the Commitment (which for this purpose includes Advances outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans Advances of the assigning Lender subject to each such assignment (or the Commitments of such assigning Lender, to the extent such Commitments have not been terminated pursuant to Section 2.01), determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, ) shall not be less than $1,000,000 or other than in $1,000,000 increments thereabove [***], unless each of the Administrative Agent and, so long as no Event of Default or Amortization Event has occurred and is continuing, the Borrower otherwise consent consents (each such consent not to be unreasonably withheld or delayed).
Appears in 1 contract
Sources: Credit Agreement (Sunnova Energy International Inc.)
Assignments by ▇▇▇▇▇▇▇. Any Lender may at any time assign to one or more assignees Persons all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that any such assignment shall be subject to the following conditionsthat:
(i) Minimum Amounts.
(A) in the case of an assignment of the entire remaining amount of the assigning ▇▇▇▇▇▇’s Commitment and the Loans at the time owing to the assigning Lender or except in the case of an assignment to a Lender, Lender or an Affiliate or Related Fund of a Lender or an Approved Fund, no minimum the amount need be assigned; and
(B) in any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment (or the Commitments of such assigning Lender, to the extent such Commitments have not been terminated pursuant to Section 2.01), determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, Agent) shall not be less than $1,000,000 or other than in $1,000,000 increments thereabove 500,000 unless each of the Borrower and the Administrative Agent and, so long as no Event otherwise consent;
(ii) except in the case of Default has occurred and is continuingan assignment to a Lender or an Affiliate or Related Fund of a Lender, the Borrower otherwise and the Administrative Agent must each give its prior written consent (to such assignment, in each such consent case not to be unreasonably withheld withheld, conditioned or delayeddelayed (and, in the case of the Borrower, deemed to be given if the Borrower has not responded within five (5) Business Days of any request for consent).;
(iii) each partial assignment shall be made as an assignment of a proportionate part of all the assigning ▇▇▇▇▇▇’s rights and obligations under this Agreement;
(iv) except in the case of an assignment to an Affiliate, the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500; and
(v) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire;
Appears in 1 contract
Sources: Credit Agreement (Gevo, Inc.)
Assignments by ▇▇▇▇▇▇▇. Any Lender may at any time assign to one or more assignees Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Revolver Commitment and the Loans Revolver Advances at the time owing to it); provided that any such assignment shall be subject to the following conditions:that
(i) Minimum Amounts.
(A) except in the case of an assignment of the entire remaining amount of the assigning ▇▇▇▇▇▇’s Revolver Commitment and the Loans Revolver Advances at the time owing to the assigning Lender it or in the case of an assignment to a Lender, Lender or an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and
(B) in any case not described in subsection (b)(i)(A) of this SectionFund with respect to a Lender, the aggregate amount of the Revolver Commitment (which for this purpose includes Revolver Advances outstanding thereunder) or, if the applicable Revolver Commitment is not then in effect, the principal outstanding balance of the Loans Revolver Advances of the assigning Lender subject to each such assignment (or the Commitments of such assigning Lender, to the extent such Commitments have not been terminated pursuant to Section 2.01), determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, ) shall not be less than $1,000,000 or other than in $1,000,000 increments thereabove 5,000,000, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consent consents (each such consent not to be unreasonably withheld or delayed).;
Appears in 1 contract
Assignments by ▇▇▇▇▇▇▇. Any Lender may at any time assign to one or more assignees Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Revolver Commitment and the Loans Revolver Advances at the time owing to it); provided that any such assignment shall be subject to the following conditionsthat:
(i) Minimum Amounts.
(A) except in the case of an assignment of the entire remaining amount of the assigning ▇▇▇▇▇▇’s Revolver Commitment and the Loans Revolver Advances at the time owing to the assigning Lender it or in the case of an assignment to a Lender, Lender or an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and
(B) in any case not described in subsection (b)(i)(A) of this SectionFund with respect to a Lender, the aggregate amount of the Revolver Commitment (which for this purpose includes Revolver Advances outstanding thereunder) or, if the applicable Revolver Commitment is not then in effect, the principal outstanding balance of the Loans Revolver Advances of the assigning Lender subject to each such assignment (or the Commitments of such assigning Lender, to the extent such Commitments have not been terminated pursuant to Section 2.01), determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, ) shall not be less than $1,000,000 or other than in $1,000,000 increments thereabove 5,000,000, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consent (each such consent not to be unreasonably withheld or delayed).; provided, however, that the Borrower shall be deemed to have consented to any
Appears in 1 contract
Sources: Credit Agreement (Ugi Corp /Pa/)
Assignments by ▇▇▇▇▇▇▇. Any Lender may at any time assign to one or more assignees Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans (including for purposes of this subsection (b), direct obligations under and L/C Advances or participations in L/C Obligations) at the time owing to it); provided that any such assignment shall be subject to the following conditions:
(i) Minimum Amounts.
, (A) in the case of an assignment of the entire remaining amount of the assigning ▇▇▇▇▇▇’s Commitment and and/or the Loans at the time owing to the assigning Lender it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved FundLender, no minimum amount need be assigned; and
and (B) in any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Commitments (which for this purpose includes Loans outstanding thereunder) or, if the Commitments are not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment (or the Commitments of such assigning Lender, to the extent such Commitments have not been terminated pursuant to Section 2.01)assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $1,000,000 or other than in $1,000,000 increments thereabove 10,000,000 unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consent consents (each such consent not to be unreasonably withheld or delayed).
Appears in 1 contract
Sources: Credit Agreement (UL Solutions Inc.)