Common use of Evidence of Assignment Clause in Contracts

Evidence of Assignment. Any assignment of any Lender’s rights and obligations hereunder, and the Loans (or any portion thereof) to any Person shall be evidenced by an Assignment and Acceptance. The Administrative Agent shall receive a fee in the amount of $3,500 payable by the assignee upon the effective date of each transfer or assignment (unless waived in writing in the sole discretion of the Administrative Agent) along with all “know your customer” documents requested by the Administrative Agent pursuant to anti-money laundering rules and regulations.