Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“Purchasers”) all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 or (ii) the remaining amount of the assigning Lender’s Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure (if the applicable Commitment has been terminated).
Appears in 4 contracts
Sources: Credit Agreement (Idacorp Inc), Credit Agreement (Idacorp Inc), Credit Agreement (Idacorp Inc)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable lawApplicable Law, at any time assign to one or more banks or other entities (“Purchasers”) all or any part of its rights and obligations under the Loan Documents. Such assignment shall be pursuant to an agreement substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto12.3.
1. The consent of the Borrower, Borrower and the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a an Event of Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 4 contracts
Sources: Credit Agreement (WGL Holdings Inc), Credit Agreement (WGL Holdings Inc), Credit Agreement (Washington Gas Light Co)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“Purchasers”) all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrowers and the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower Borrowers shall not be required. Such consent of the Agent and, if applicable, the Borrowers shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower Borrowers and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (ia) $10,000,000 or (iib) the remaining amount of the assigning Lender’s Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 3 contracts
Sources: Credit Agreement (Nationwide Financial Services Inc/), 364 Day Credit Agreement (Nationwide Financial Services Inc/), Five Year Credit Agreement (Nationwide Financial Services Inc/)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure (if the applicable Commitment has been terminated).
Appears in 2 contracts
Sources: Credit Agreement (Idaho Power Co), Credit Agreement (Idaho Power Co)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, the Administrative Agent and each the LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 2 contracts
Sources: Credit Agreement (Seitel Inc), Credit Agreement (Matrix Service Co)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C B or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrower and the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such Any required consent of the Borrower shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated). Furthermore, the assigning Lender shall pay the Agent an assignment fee of $3,500 for each assignment.
Appears in 2 contracts
Sources: Credit Agreement (Osca Inc), Credit Agreement (Superior Energy Services Inc)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C 12.3.1 or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, the Administrative Agent and each the LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 2 contracts
Sources: Credit Agreement (Roundys Inc), Credit Agreement (Roundys Inc)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrower and the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such Any required consent of the Borrower shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated). Furthermore, the assigning Lender shall pay the Agent an assignment fee of $3,500 for each assignment.
Appears in 2 contracts
Sources: Credit Agreement (Superior Energy Services Inc), Credit Agreement (Unifab International Inc)
Permitted Assignments. Any Lender Bank may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities Eligible Assignees (“Purchasers”) all or any part of its rights and obligations under the Loan Documents. Such Any assignment shall be made pursuant to a document substantially in the form of Exhibit C F or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Company and the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender Bank or an Affiliate thereof; provided that if a Default or an Event of Default has occurred and is continuing, the consent of the Borrower Company shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender Bank or an Affiliate thereof shall (unless each of the Borrower Company and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning LenderBank’s Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable such Commitment has been terminated).
Appears in 2 contracts
Sources: Credit Agreement (Mdu Resources Group Inc), Credit Agreement (Mdu Resources Group Inc)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrower and the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuingcontinuing or if such assignment is to another Lender or an Affiliate of a Lender, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 2 contracts
Sources: Credit Agreement (Aetna Industries Inc), Credit Agreement (Aetna Industries Inc)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“Purchasers”"PURCHASERS") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit EXHIBIT C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrower and the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender Lender, an Affiliate thereof or an Affiliate thereofApproved Fund; provided PROVIDED, HOWEVER, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 2 contracts
Sources: Credit Agreement (Aon Corp), 364 Day Credit Agreement (Aon Corp)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrower and the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure (if the applicable Commitment has been terminated).
Appears in 2 contracts
Sources: Credit Agreement (Idaho Power Co), Credit Agreement (Idaho Power Co)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“Purchasers”"PURCHASERS") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit EXHIBIT C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrowers and the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided PROVIDED, HOWEVER, that if a Default has occurred and is continuing, the consent of the Borrower Borrowers shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower Borrowers and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (ia) $10,000,000 or (iib) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 2 contracts
Sources: Credit Agreement (Nationwide Financial Services Inc/), 364 Day Credit Agreement (Nationwide Financial Services Inc/)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“Purchasers”) all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, the Administrative Agent and each the LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 2 contracts
Sources: Credit Agreement (Cimarex Energy Co), Credit Agreement (SCP Pool Corp)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“Purchasers”"PURCHASERS") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit EXHIBIT C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrower and the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided PROVIDED, HOWEVER, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (ia) $10,000,000 5,000,000 or (iib) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 2 contracts
Sources: Credit Agreement (State Auto Financial Corp), Credit Agreement (State Auto Financial Corp)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the BorrowerCompany, the Administrative Agent and each the LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate affiliate thereof; provided PROVIDED, HOWEVER, that if a Default has occurred and is continuing, the consent of the Borrower Company shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate affiliate thereof shall (unless each of the Borrower Company and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may, in the --------------------- ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan DocumentsDocuments ("Lender Assignment"). Such assignment Lender Assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrower and the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall will be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the BorrowerUnit, the Administrative Agent and each the LC Issuer shall will be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall Credit Parties will not be required. Such consent shall of the Credit Parties will not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall will (unless each of the Borrower Credit Parties and the Administrative Agent otherwise consentsconsent) be in an amount not less than the lesser of (i) $10,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Sources: Credit Agreement (Unit Corp)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be evidenced by an Assignment Agreement ("Assignment Agreement") substantially in the form of Exhibit C A or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrower and the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure (if the applicable Commitment has been terminated).
Appears in 1 contract
Sources: Credit Agreement (Portland General Electric Co /Or/)
Permitted Assignments. Any Lender may, in the ordinary course of --------------------- its business and in accordance with applicable lawLaw, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the BorrowerBorrowers, the Administrative Agent and each the LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower Borrowers shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower Borrowers and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may, in the ordinary course of its business and may in accordance with applicable lawApplicable Law, at any time assign to one or more banks or other entities (“Purchasers”"TRANSFEREES") all or any part of its rights and obligations under the Loan DocumentsOperative Documents or the Property subject to the consent of Lessee, which consent shall not be unreasonably withheld. Such assignment shall be substantially in the form of Exhibit C M-1 or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Lessee and the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser Transferee which is not a Lender or an Affiliate thereof; provided provided, however, that if a Lease Event of Default or a Construction Agency Event of Default has occurred and is continuing, the consent of the Borrower Lessee shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser Transferee which is not a Lender or an Affiliate thereof shall (unless each of the Borrower Lessee and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000.00 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall will be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the BorrowerUnit, the Administrative Agent and each the LC Issuer shall will be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall Unit will not be required. Such consent shall of Unit will not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall will (unless each of the Borrower Credit Parties and the Administrative Agent otherwise consentsconsent) be in an amount not less than the lesser of (i) $10,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Sources: Senior Credit Agreement (Unit Corp)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, and the Administrative Agent and each the LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent consents shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrower and the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided PROVIDED, HOWEVER, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Sources: Credit Agreement (Tc Pipelines Lp)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“Purchasers”) all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C F (an “Assignment”) or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrower and the Administrative Agent and each LC Issuer shall be required prior to an assignment Assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment Assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Sources: Bridge Loan Agreement (Cintas Corp)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, the Administrative Agent and each the LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Sources: Credit Agreement (Cimarex Energy Co)
Permitted Assignments. Any Lender may, in the ordinary --------------------- course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C B or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, the Administrative Agent and each the LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, ----------------- that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Sources: Credit Agreement (Luiginos Inc)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“Purchasers”) all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C B or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrower and the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such Any required consent of the Borrower shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated). Furthermore, the assigning Lender shall pay the Agent an assignment fee of $3,500 for each assignment.
Appears in 1 contract
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrower and the Administrative Agent and each the LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000.00 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C B or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrower and the Administrative Agent and each the LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C "J' hereto or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrower and the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided , provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent consents of the Agent and the Borrower shall not be unreasonably withheld or delayed. Each such assignment with respect shall (unless it is to a Purchaser which is not a Lender or an Affiliate thereof shall (unless or each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, the Administrative Agent and each the LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding outstanding Credit Exposure Extensions (if the applicable Commitment has been terminated).
Appears in 1 contract
Sources: Credit Agreement (Daisytek International Corporation /De/)
Permitted Assignments. Any Lender may, in the ordinary course --------------------- of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrowereach Credit Party, the Administrative Agent and each the LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower any Credit Party shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower Credit Parties and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Sources: Credit Agreement (Torchmark Corp)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“Purchasers”“) all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, the Administrative Agent and each the LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Sources: Credit Agreement (Cimarex Energy Co)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit EXHIBIT C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrower and the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided PROVIDED, HOWEVER, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such Any required consent of the Borrower shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated). Furthermore, the assigning Lender shall pay the Agent an assignment fee of $3,500 for each assignment.
Appears in 1 contract
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrowers and the Administrative Agent and each LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower Borrowers shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower Borrowers and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Sources: Credit Agreement (MPW Industrial Services Group Inc)
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C B or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrower and the Administrative Agent and each the LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided PROVIDED, HOWEVER, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C B or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, Borrower and the Administrative Agent and each the LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided , provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or Outstanding Credit Exposure outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract