Common use of Registration of Assignment Clause in Contracts

Registration of Assignment. The registrar for the Ownership Interests shall be the Borrower (the "Registrar"). The registration records of each of the issuers of the Ownership Interests which are maintained by and in the possession of the Registrar (the "Registration Books") are the only records maintained to evidence the ownership and transfer of ownership or other interests, including security interests, in the Ownership interests. There is no registration of record or to the knowledge of the Pledgor, any claim with respect thereto, of any Lien on the Ownership Interests, other than the Lien set forth herein. The assignment granted in the Ownership Interests hereby has been duly entered in the Registration Books maintained for such purpose by the Registrar and the Registrar has delivered to the Administrative Agent its certificate of even date herewith to such effect. The Registrar shall not cause, suffer or permit to occur any transfer of record of the Ownership Interests or any interest therein except in accordance with the prior written consent of the Administrative Agent. Upon receipt of written notice by the Administrative Agent that an Event of Default has occurred and is continuing and that all or any part of the Ownership Interests or any interest therein have been sold, assigned or otherwise disposed of by the Secured Parties in accordance with the terms hereof, and identifying the interests so assigned, the Registrar shall forthwith cause the Ownership Interests to be re-registered as appropriate to duly reflect of record such transfers. The Registrar shall not resign or retire or permit its removal except upon circumstances where the successor registrar shall provide to the Administrative Agent its agreement to be bound by the terms and conditions herein.

Registration of Assignment. The registrar registrar, if any, for the Ownership Interests Pledged Capital Stock shall be each of the Borrower Subsidiaries of the Grantors and such Persons as indicated by the issuers of the Pledged Capital Stock which are not Subsidiaries (collectively, the "Registrar"“Registrars”). The With respect to the Pledged Capital Stock of any Subsidiary, the registration records records, if any, of each of the issuers of the Ownership Interests Pledged Capital Stock which are maintained by and in the possession of each of the Registrar Registrars (the "“Registration Books"”) are the only records maintained to evidence the ownership and transfer of ownership or other interests, including security interests, in the Ownership interestsPledged Capital Stock. There is no effective registration of record or to the knowledge of the Pledgor, any Grantor any claim with respect thereto, of any Lien on the Ownership InterestsPledged Capital Stock, other than the Lien set forth herein. The assignment granted in the Ownership Interests Pledged Capital Stock of a Subsidiary hereby has been duly entered in the Registration Books Books, if any, maintained for such purpose by each of the Registrar and the Registrar has delivered to the Administrative Agent its certificate of even date herewith to such effectRegistrars. The Registrar Grantors shall not ensure that none of the Registrars shall cause, suffer or permit to occur any transfer of record of the Ownership Interests Pledged Capital Stock or any interest therein except in accordance with the prior written consent of the Administrative AgentCredit Agreement. Upon receipt of written notice by the Administrative Agent that an Event of Default has occurred and is continuing and that all or any part of the Ownership Interests Pledged Capital Stock or any interest therein have been sold, assigned or otherwise disposed of by the Secured Parties in accordance with the terms hereof, and identifying the interests so assigned, the Registrar Grantors shall ensure that each of the Registrars shall forthwith cause the Ownership Interests Pledged Capital Stock to be re-registered as appropriate to duly reflect of record such transfers. The Registrar shall not resign or retire or permit its removal except upon circumstances where the successor registrar shall provide to the Administrative Agent its agreement to be bound by the terms and conditions herein.