Common use of Effect; Effective Date Clause in Contracts

Effect; Effective Date. Upon delivery to Agent of an assignment notice in the form of Exhibit C and a processing fee of $5,000, such assignment shall become effective as specified in the notice, if it complies with this Section 13.3. From the effective date of such assignment, the Eligible Assignee shall for all purposes be a Lender under the Loan Documents, and shall have all rights and obligations of a Lender thereunder. Upon consummation of an assignment, the transferor Lender, Agent and Borrowers shall make appropriate arrangements for issuance of replacement and/or new Notes, as appropriate.

Appears in 3 contracts

Sources: Loan and Security Agreement (EMAK Worldwide, Inc.), Loan and Security Agreement (Chromcraft Revington Inc), Loan and Security Agreement (Kellwood Co)

Effect; Effective Date. Upon delivery to Agent of an assignment notice in the form of Exhibit C D and a processing fee of $5,0003,500, such assignment shall become effective as specified in the notice, if it complies with this Section 13.3. From the effective date of such assignment, the Eligible Assignee shall for all purposes be a Lender under the Loan Documents, and shall have all rights and obligations of a Lender thereunder. Upon consummation of an assignment, the transferor Lender, Agent and Borrowers Borrower shall make appropriate arrangements for issuance of replacement and/or new Notes, as appropriate.

Appears in 2 contracts

Sources: Loan and Security Agreement (South Texas Supply Company, Inc.), Loan and Security Agreement (McJunkin Red Man Holding Corp)

Effect; Effective Date. Upon delivery to Agent of an a notice of assignment notice in the form of Exhibit C E and a processing fee of $5,000, such assignment shall become effective as specified in the notice, if it complies with this Section 13.3. From the effective date of such assignment, the Eligible Assignee shall for all purposes be a Lender under the Loan Documents, and shall have all rights and obligations of a Lender thereunder. Upon consummation of an assignment, the transferor Lender, Agent and Borrowers shall make appropriate arrangements for issuance of replacement and/or new Notes, as appropriate.

Appears in 2 contracts

Sources: Credit Agreement (Calumet Specialty Products Partners, L.P.), Credit Agreement (Calumet Specialty Products Partners, L.P.)

Effect; Effective Date. Upon delivery to Agent of an assignment notice in the form of Exhibit C D and a processing fee of $5,000, such assignment shall become effective as specified in the notice, if it complies with this Section 13.3. From the effective date of such assignment, the Eligible Assignee shall for all purposes be a Lender under the Loan Documents, and shall have all rights and obligations of a Lender thereunder. Upon consummation of an assignment, the transferor Lender, Agent and Borrowers shall make appropriate arrangements for issuance of replacement and/or new Notes, as appropriate.

Appears in 2 contracts

Sources: Loan Agreement (M/a-Com Technology Solutions Holdings, Inc.), Loan and Security Agreement (Hudson Highland Group Inc)

Effect; Effective Date. Upon delivery to Agent of an assignment notice in the form of Exhibit C D and a processing fee of $5,0002,500, such assignment shall become effective as specified in the notice, if it complies with this Section 13.3. From the effective date of such assignment, the Eligible Assignee shall for all purposes be a Lender under the Loan Documents, and shall have all rights and obligations of a Lender thereunder. Upon consummation of an assignment, the transferor Lender, Agent and Borrowers Loan Parties shall make appropriate arrangements for issuance of replacement and/or new Notes, as appropriate.

Appears in 1 contract

Sources: Loan and Security Agreement (Global Crossing LTD)

Effect; Effective Date. Upon delivery to Agent of an assignment notice in the form of Exhibit C B and a processing fee of $5,000, such assignment shall become effective as specified in the notice, if it complies with this Section 13.3. From the effective date of such assignment, the Eligible Assignee shall for all purposes be a Lender under the Loan Documents, and shall have all rights and obligations of a Lender thereunder. Upon consummation of an assignment, the transferor Lender, Agent and Borrowers shall make appropriate arrangements for issuance of replacement and/or new Notes, as appropriate.

Appears in 1 contract

Sources: Loan and Security Agreement (Modtech Holdings Inc)

Effect; Effective Date. Upon delivery to Agent of an a notice of assignment notice in the form of Exhibit C J and a processing fee of $5,0002,500, such assignment shall become effective as specified in the notice, if it complies with this Section 13.316.3. From the effective date of such assignment, the Eligible Assignee shall for all purposes be a Lender under the Loan Documents, and shall have all rights and obligations of a Lender thereunder. Upon consummation of an assignment, the transferor Lender, Agent Agent, and Borrowers Borrower shall make appropriate arrangements for issuance of replacement and/or new Notes, as appropriate.

Appears in 1 contract

Sources: Loan, Security and Guaranty Agreement (Foundation Healthcare, Inc.)

Effect; Effective Date. Upon delivery to Agent of an assignment notice in the form of Exhibit C D and a processing fee of $5,0002,500, such assignment shall become effective as specified in the notice, if it complies with this Section 13.3. From the effective date of such assignment, the Eligible Assignee shall for all purposes be a Lender under the Loan Documents, and shall have all rights and obligations of a Lender thereunder. Upon consummation of an assignment, the transferor Lender, Agent and Borrowers shall make appropriate arrangements for issuance of replacement and/or new Notes, as appropriate.

Appears in 1 contract

Sources: Loan and Security Agreement (Bairnco Corp /De/)

Effect; Effective Date. Upon delivery to Agent of an assignment notice in the form of Exhibit C and a processing fee of $5,000G, such assignment shall become effective as specified in the notice, if it complies with this Section 13.3. From the effective date of such assignment, the Eligible Assignee shall for all purposes be a Lender under the Loan Documents, and shall have all rights and obligations of a Lender thereunder. Upon consummation of an assignment, the transferor Lender, Agent and Borrowers shall make appropriate arrangements for issuance of replacement and/or new Notes, as appropriate.

Appears in 1 contract

Sources: Loan and Security Agreement (Superior Essex Inc)