Affiliated Assignment and Assumption definition
Examples of Affiliated Assignment and Assumption in a sentence
Upon the request of the submitting Lender, the Auction Manager will promptly return any Affiliated Assignment and Assumption received in connection with a Return Bid that is not a Qualifying Bid.
Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Affiliated Assignment and Assumption, without representation or warranty by the Assignor.
This Affiliated Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument.
In addition to the Return Bid, the participating Lender must execute and deliver, to be held in escrow by the Auction Manager, an Affiliated Assignment and Assumption.
The Auction Manager will insert the principal amount of Term Loans of the applicable Class to be assigned and the applicable settlement date into each applicable Affiliated Assignment and Assumption received in connection with a Qualifying Bid.
The applicable Purchasing Borrower Party shall execute each applicable Affiliated Assignment and Assumption received in connection with a Qualifying Bid.
The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Affiliated Assignment and Assumption as if set forth herein in full.
This Affiliated Assignment and Assumption shall be construed in accordance with and governed by the law of the State of New York.
This Affiliated Assignment and Assumption shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
Delivery of an executed counterpart of a signature page of this Affiliated Assignment and Assumption by facsimile or other electronic transmission shall be as effective as delivery of a manually executed counterpart of this Affiliated Assignment and Assumption.