Assignment and Amendment definition

Assignment and Amendment has the meaning given to such term in the recitals hereto;
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Assignment and Amendment means the Borrower Assignment and Assumption and Amendment Agreement dated as of February 23, 2021, by and among BrightSphere, the Borrower, the Lenders party thereto and the Agent.
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Assignment and Amendment shall continue to be secured as referred to in Section 4(a) of the Assignment and Amendment and Borrower acknowledges and agrees that its assets (other than the shares of Bolle) not transferred in connection with the assignment to Bolle pursuant to the ▇▇▇▇ of Sale which constitute "Collateral" as defined in the Existing Credit Agreement remain subject to a security interest in favor of the Agent for the ratable benefit of the Lenders and to secure the liabilities of Borrower re-evidenced by this Agreement and the other Loan Documents. This Agreement is given as a substitution of, and not as a payment of, the obligations of Borrower under the Existing Credit Agreement and is not intended to constitute a novation of the Existing Credit Agreement. Upon the effectiveness of this Agreement, all amounts owing by the Borrower and outstanding under the Existing Credit Agreement after giving effect to the Assignment and Amendment shall constitute Advances under the Revolving Credit Facility hereunder, in each case accruing interest (a) with respect to Eurodollar Rate Loans under the Existing Credit Agreement, at the Eurodollar Rate hereunder and (b) with respect to Base Rate Loans under the Existing Credit Agreement, at the Base Rate hereunder. The parties hereto agree that all Eurodollar Rate Loans outstanding under the Existing Credit Agreement on the Closing Date after giving effect to the Assignment and Amendment shall continue as Eurodollar Rate Loans hereunder without the requirement that any compensation be paid to the Lenders pursuant to Section 5.5 hereof. The parties hereto further agree that all Letters of Credit issued under the Existing Credit Agreement, as described on Schedule 2 hereto, and outstanding on the Closing Date for which the Borrower has incurred a reimbursement obligation under the Existing Credit Agreement which has not been assumed by Bolle pursuant to the Assignment and Amendment shall continue as Letters of Credit hereunder and shall constitute Letter of Credit Outstandings hereunder. Notwithstanding any other amendment and restatement of the Security Instruments under the Existing Credit Agreement, the parties hereto agree that each of the Security Instruments delivered in connection with the Existing Credit Agreement are hereby amended so that each reference to the "Credit Agreement" or the Loan Documents (as defined in the Existing Credit Agreement) shall mean this Credit Agreement and the Loan Documents as defined hereunder.
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Examples of Assignment and Amendment in a sentence

  • This Assignment and Amendment Agreement shall be binding upon, and shall enure to the benefit of, the parties hereto and their respective successors and assigns.

  • This Assignment and Amendment Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument.

  • This Assignment and Amendment contains the entire agreement of the parties and supersedes any and all other agreements or understandings, oral or written, whether previous to the execution hereof or contemporaneous herewith.

  • Changes to this Assignment and Amendment are not binding unless made in writing, signed by all parties.

  • Except as amended herein, the terms and conditions of the Original Agreement will remain unchanged and will continue in full force and effect unless there is a conflict between the terms and conditions of this Partial Assignment and Amendment, and the terms and conditions of the Original Agreement, in which case the terms and conditions of this Assignment to Original Agreement will control.

  • Changes to this Partial Assignment and Amendment are not binding unless made in writing, signed by all parties.

  • This Partial Assignment and Amendment contains the entire agreement of the parties and supersedes any and all other agreements or understandings, oral or written, whether previous to the execution hereof or contemporaneous herewith.

  • This Assignment and Amendment Agreement shall be governed by and construed in accordance with the federal laws of Mexico.

  • The rejection or delay by any registry of the registration of this Assignment and Amendment Agreement shall in no way affect the obligations of the Pledgors under this Clause.

  • For the interpretation, construction, performance and enforcement of this Assignment and Amendment Agreement, the Parties irrevocably submit to the jurisdiction of the federal courts located in the Federal District, and waive any right to any jurisdiction to which they may be entitled by reason of their respective present or future domicile.


More Definitions of Assignment and Amendment

Assignment and Amendment as defined in the recitals hereto.
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Assignment and Amendment dated as of November 1, 2006 (this "Amendment"), among COMMONWEALTH CASH RESERVE FUND, INC., a Virginia corporation (the "Fund"), WACHOVIA BANK, NATIONAL ASSOCIATION ("Wachovia") and U.S. BANK NATIONAL ASSOCIATION ("U.S. BANK").
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Related to Assignment and Amendment

  • Assignment and Conveyance Agreement As defined in Subsection 6.01.

  • Assignment and Conveyance An assignment and conveyance of the Mortgage Loans purchased on a Closing Date in the form annexed hereto as Exhibit 4.

  • Third Amendment means the Joinder and Third Amendment to Credit Agreement, dated as of the Third Amendment Effective Date, by and among the Borrower, the other Loan Parties party thereto, the Lenders party thereto, and Agent.

  • Assignment and Assumption Agreement means an Assignment and Assumption Agreement substantially in the form of Exhibit A.

  • Assignment and Acceptance Agreement means an assignment and acceptance agreement entered into by a Lender, an Eligible Assignee and the Administrative Agent, and, if required, the Borrower, pursuant to which such Eligible Assignee may become a party to this Agreement, in substantially the form of Exhibit C hereto.