Common use of Acceptance by Administrative Agent Clause in Contracts

Acceptance by Administrative Agent. Upon its receipt of an assignment agreement substantially in the form of Exhibit IX annexed hereto executed by an assigning Lender and an assignee representing that it is an Eligible Assignee, together with the processing fee referred to in subsection 10.1B(i) and any forms, certificates or other evidence with respect to United States federal income tax withholding matters that such assignee may be required to deliver to Administrative Agent pursuant to subsection 2.7B(iii)(a), Administrative Agent shall, if such assignment agreement has been completed and is acceptable in form and substance to Administrative Agent, and if Administrative Agent and Borrower have consented to the assignment evidenced thereby (in each case to the extent such consent is required pursuant to subsection 10.1B(i)), (a) accept such assignment agreement by executing a counterpart thereof as provided therein (which acceptance shall evidence any required consent of Administrative Agent to such assignment) and (b) give prompt notice thereof to Borrower. Administrative Agent shall maintain a copy of each assignment agreement delivered to and accepted by it as provided in this subsection 10.1B(ii).

Appears in 1 contract

Samples: Credit Agreement (Beasley Broadcast Group Inc)

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Acceptance by Administrative Agent. Recordation in Register. Upon its receipt of an assignment agreement substantially in the form of Exhibit IX annexed hereto Assignment Agreement executed by an assigning Lender and an assignee representing that it is an Eligible Assignee, together with the processing fee referred to in subsection 10.1B(i) and any formscertificates, certificates documents or other evidence with respect to United States federal income tax withholding matters that such assignee may be required to deliver to Administrative Agent pursuant to subsection 2.7B(iii)(a), Administrative Agent shall, if such assignment agreement Assignment Agreement has been completed and is acceptable in substantially the form and substance to Administrative Agent, of Exhibit XV hereto and if Administrative Agent and Borrower have consented to the assignment evidenced thereby (in each case to the extent such consent is required pursuant to subsection 10.1B(i)), (a) accept such assignment agreement Assignment Agreement by executing a counterpart thereof as provided therein (which acceptance shall evidence any required consent of Administrative Agent to such assignment), (b) record the information contained therein in the Register, and (bc) give prompt notice thereof to BorrowerCompany. Administrative Agent shall maintain a copy of each assignment agreement Assignment Agreement delivered to and accepted by it as provided in this subsection 10.1B(ii).

Appears in 1 contract

Samples: Credit Agreement (Aurora Foods Inc /De/)

Acceptance by Administrative Agent. Recordation in -------------------------------------------------- Register. Upon its receipt of an assignment agreement substantially in the form of Exhibit IX annexed hereto Assignment Agreement executed by an -------- assigning Lender and an assignee representing that it is an Eligible Assignee, together with the processing fee referred to in subsection 10.1B(i) and any formscertificates, certificates documents or other evidence with respect to United States federal income tax withholding matters that such assignee may be required to deliver to Administrative Agent pursuant to subsection 2.7B(iii)(a), Administrative Agent shall, if such assignment agreement Assignment Agreement has been completed and is acceptable in substantially the form and substance to Administrative Agent, of Exhibit XVI hereto and if Administrative Agent and Borrower have ----------- consented to the assignment evidenced thereby (in each case to the extent such consent is required pursuant to subsection 10.1B(i)), (a) accept such assignment agreement Assignment Agreement by executing a counterpart thereof as provided therein (which acceptance shall evidence any required consent of Administrative Agent to such assignment), (b) record the information contained therein in the Register, and (bc) give prompt notice thereof to BorrowerCompany. Administrative Agent shall maintain a copy of each assignment agreement Assignment Agreement delivered to and accepted by it as provided in this subsection 10.1B(ii).. 125

Appears in 1 contract

Samples: Credit Agreement (Aurora Foods Inc)

Acceptance by Administrative Agent. Recordation in Register. ------------------------------------------------------------ Upon its receipt of an assignment agreement substantially in the form of Exhibit IX annexed hereto Assignment Agreement executed by an assigning Lender and an assignee representing that it is an Eligible Assignee, together with the processing fee referred to in subsection 10.1B(i) and any formscertificates, certificates documents or other evidence with respect to United States federal income tax withholding matters that such assignee may be required to deliver to Administrative Agent pursuant to subsection 2.7B(iii)(a), Administrative Agent shall, if such assignment agreement Assignment Agreement has been completed and is acceptable in substantially the form and substance to Administrative Agent, of Exhibit XVII hereto and if Administrative Agent and Borrower have consented to ------------ the assignment evidenced thereby (in each case to the extent such consent is required pursuant to subsection 10.1B(i)), (a) accept such assignment agreement Assignment Agreement by executing a counterpart thereof as provided therein (which acceptance shall evidence any required consent of Administrative Agent to such assignment), (b) record the information contained therein in the Register, and (bc) give prompt notice thereof to BorrowerCompany. Administrative Agent shall maintain a copy of each assignment agreement Assignment Agreement delivered to and accepted by it as provided in this subsection 10.1B(ii).. 128

Appears in 1 contract

Samples: Credit Agreement (Aurora Foods Inc /De/)

Acceptance by Administrative Agent. Upon its receipt of an assignment agreement substantially in the form of Exhibit IX annexed hereto executed by an assigning Lender and an assignee representing that it is an Eligible Assignee, together with the processing fee referred to in subsection 10.1B(i) and any forms, certificates or other evidence with respect to United States federal income tax withholding matters that such assignee may be required to deliver to Administrative Agent pursuant to subsection 2.7B(iii)(a), Administrative Agent shall, if such assignment agreement has been completed and is acceptable in form and substance to Administrative Agent, and if Administrative Agent and Borrower have consented to the assignment evidenced thereby (in each case to the extent such consent is required pursuant to subsection 10.1B(i)), (a) accept such assignment agreement by executing a counterpart thereof as provided therein (which acceptance shall evidence any required consent of Administrative Agent to such assignment) and (b) give prompt notice thereof to Borrower. Administrative Agent shall maintain a copy of each assignment agreement delivered to and accepted by it as provided in this subsection 10.1B(ii).

Appears in 1 contract

Samples: Credit Agreement (Beasley Broadcast Group Inc)

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Acceptance by Administrative Agent. Upon its receipt of an assignment agreement substantially in the form of Exhibit IX X annexed hereto executed by an assigning Lender and an assignee representing that it is an Eligible Assignee, together with the processing fee referred to in subsection 10.1B(i) and any forms, certificates or other evidence with respect to United States federal income tax withholding matters that such assignee may be required to deliver to Administrative Agent pursuant to subsection 2.7B(iii)(a), Administrative Agent shall, if such assignment agreement has been completed and is acceptable in form and substance to Administrative Agent, and if Administrative Agent and Borrower have consented to the assignment evidenced thereby (in each case to the extent such consent is required pursuant to subsection 10.1B(i)), (a) accept such assignment agreement by executing a counterpart thereof as provided therein (which acceptance shall evidence any required consent of Administrative Agent to such assignment) and (b) give prompt notice thereof to Borrower. Administrative Agent shall maintain a copy of each assignment agreement delivered to and accepted by it as provided in this subsection 10.1B(ii).

Appears in 1 contract

Samples: Credit Agreement (Beasley Broadcast Group Inc)

Acceptance by Administrative Agent. Upon its receipt of an assignment agreement substantially in the form of Exhibit IX annexed hereto executed by an assigning Lender and an assignee representing that it is an Eligible Assignee, together with the processing fee referred to in subsection 10.1B(i) and any forms, certificates or other evidence with respect to United States federal income tax withholding matters that such assignee may be required to deliver to Administrative Agent pursuant to subsection 2.7B(iii)(a), Administrative Agent shall, if such assignment agreement has been completed and is acceptable in form and substance to Administrative Agent, and if Administrative Agent and Borrower have consented to the assignment evidenced thereby (in each case to the extent such consent is required pursuant to subsection 10.1B(i)), (a) accept such assignment agreement by executing a counterpart thereof as provided therein (which acceptance shall evidence any required consent of Administrative Agent to such assignment) and (b) give prompt notice thereof to Borrower. Administrative Agent shall maintain a copy of each assignment agreement delivered to and accepted by it as provided in this subsection 10.1B(ii). No Obligor, Affiliate of an Obligor, holder of Subordinated Indebtedness or an Affiliate of such a holder shall at any time be a holder of any Obligations.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Beasley Broadcast Group Inc)

Acceptance by Administrative Agent. Upon its receipt of an assignment agreement substantially in the form of Exhibit IX annexed hereto Assignment and Acceptance executed by an assigning Lender and an assignee representing that it is an Eligible Assignee, together with the processing fee referred to in subsection 10.1B(i) and any formscertificates, certificates documents or other evidence with respect to United States federal income tax withholding matters that such assignee may be required to deliver to Administrative Agent pursuant to subsection 2.7B(iii)(a2.7B(iii), Administrative Agent shall, if such assignment agreement Assignment and Acceptance has been completed and is acceptable in substantially the form and substance to Administrative Agent, of Exhibit X hereto and if Administrative Agent and Borrower have has consented to the assignment evidenced thereby (in each case to the extent such consent is required pursuant to subsection 10.1B(i)), (a) accept such assignment agreement Assignment and Acceptance by executing a counterpart thereof as provided therein (which acceptance shall evidence any required consent of Administrative Agent to such assignment) and (b) give prompt notice thereof to BorrowerCompany. Administrative Agent shall maintain a copy of each assignment agreement Assignment and Acceptance delivered to and accepted by it as provided in this subsection 10.1B(ii).

Appears in 1 contract

Samples: Credit Agreement (Granite Broadcasting Corp)

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