Common use of Evidence of Assignment Clause in Contracts

Evidence of Assignment. Any assignment of a Lender's rights and obligations hereunder, its Commitment and its Note (or any portion thereof) to any Person may be evidenced by an Assignment and Acceptance or such other instrument(s) or document(s) as may be satisfactory to the assigning Lender, the Borrower (so long as no Event of Default shall have occurred and be continuing at such time), the Agent and the assignee.

Appears in 1 contract

Sources: Credit Agreement (Mru Holdings Inc)

Evidence of Assignment. Any assignment of a Lender's ’s rights and obligations hereunder, its the Commitment and its Note the Notes (or any portion thereof) to any Person may be evidenced by an Assignment and Acceptance Assumption Agreement or such other instrument(s) or document(s) as may be satisfactory to the assigning Lender, the Borrower (so long as no Event of Default shall have occurred and be continuing at such time)Funding Agent for to the assignor Lender’s Lender Group, the Administrative Agent and the assignee.

Appears in 1 contract

Sources: Indenture (Collegiate Funding Services Inc)