Immediately upon Borrower. s receipt of such fully executed assignment and acceptance agreement, this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the rights and duties of Lender arising therefrom.
Appears in 2 contracts
Sources: Loan and Security Agreement (Futurelink Corp), Loan and Security Agreement (Elxsi Corp /De//)