Common use of Acceptance of Assignment and Assumption Clause in Contracts

Acceptance of Assignment and Assumption. Upon its receipt of a completed Assignment and Acceptance executed by an assigning Lender and an Assignee together with the Note subject to such assignment, and the processing and recordation fee referred to in Section 13.1.1, the Administrative Agent shall (a) accept such Assignment and Acceptance, (b) record the information contained therein in the Register and (c) give prompt notice thereof to the Company. Within five Banking Days after receipt of notice, the Company, at its own expense, shall execute and deliver to the Administrative Agent, in exchange for the surrendered Note, a new Note to the order of such Assignee in a principal amount equal to the applicable Working Capital Commitment and Loan assumed by it pursuant to such Assignment and Acceptance and, if the assigning Lender has retained a Working Capital Commitment and Loan, a new Note to the order of such assigning Lender in a principal amount equal to the applicable Working Capital Commitment and Loan retained by it. Such new Note shall be in an aggregate principal amount equal to the aggregate principal amount of such surrendered Note, and shall be dated the date of the surrendered Note which it replaces.

Acceptance of Assignment and Assumption. Upon its receipt of a completed Assignment and Acceptance executed by an assigning Lender and an Assignee together with the Note subject to such assignment, and the processing and recordation fee referred to in Section 13.1.1, the Administrative Agent shall (a) accept such Assignment and Acceptance, (b) record the information contained therein in the Register and (c) give prompt notice thereof to the Company. Within five Banking Days after receipt of notice, the Company, at its own expense, shall execute and deliver to the Administrative Agent, in exchange for the surrendered Note, a new Note to the order of such Assignee in a principal amount equal to the applicable Working Capital Commitment and Loan assumed by it pursuant to such Assignment and Acceptance and, if the assigning Lender has retained a Working Capital Commitment and Loan, a new Note to the order of such assigning Lender in a principal amount equal to the applicable Working Capital Commitment and Loan retained by it. Such new Note shall be in an aggregate principal amount equal to the aggregate Table of Contents principal amount of such surrendered Note, and shall be dated the date of the surrendered Note which it replaces.

Acceptance of Assignment and Assumption. Upon its receipt of a completed Assignment and Acceptance executed by an assigning Lender and an Assignee together with the Note subject to such assignment, and the processing and recordation fee referred to in Section 13.1.111.1.1, the Administrative Managing Agent shall (a) accept such Assignment and Acceptance, (b) record the information contained therein in the Register and (c) give prompt notice thereof to the Company. Within five Banking Days after receipt of notice, the Company, at its own expense, shall execute and deliver to the Administrative Managing Agent, in exchange for the surrendered Note, a new Note to the order of such Assignee in a principal amount equal to the applicable Working Capital Commitment and Loan assumed by it pursuant to such Assignment and Acceptance and, if the assigning Lender has retained a Working Capital Commitment and Loan, a new Note to the order of such assigning Lender in a principal amount equal to the applicable Working Capital Commitment and Loan retained by it. Such new Note shall be in an aggregate principal amount equal to the aggregate principal amount of such surrendered Note, and shall be dated the date of the surrendered Note which it replaces.

Acceptance of Assignment and Assumption. Upon its receipt of a completed Assignment and Acceptance executed by an assigning Lender and an Assignee together with the Note subject to such assignment, and the processing and recordation fee referred to in Section 13.1.114.1.1, the Administrative Agent shall will (a) accept such Assignment and Acceptance, (b) record the information contained therein in the Register Register, and (c) give prompt notice thereof to the CompanyBorrowers. Within five Banking Days after receipt of notice, the CompanyBorrowers, at its their own expense, shall will execute and deliver to the Administrative Agent, in exchange for the surrendered Note, a new Note to the order of such Assignee in a principal amount equal to the applicable Working Capital Commitment and Loan a portion of the Loans assumed by it pursuant to such Assignment and Acceptance and, if the assigning Lender has retained a Working Capital Commitment and Loana portion of the Loans, a new Note to the order of such assigning Lender in a principal amount equal to the applicable Working Capital Commitment and Loan a portion of the Loans retained by it. Such Subject to the foregoing, such new Note shall will be in an aggregate principal amount equal to the aggregate principal amount of such surrendered Note, and shall will be dated the date of the surrendered Note which it replaces.

Acceptance of Assignment and Assumption. Upon its --------------------------------------- receipt of a completed Assignment and Acceptance executed by an assigning Lender and an Assignee together with the Note subject to such assignment, and the processing and recordation fee referred to in Section 13.1.114.1.1, the Administrative Agent shall will (a) accept such Assignment and Acceptance, (b) record the information contained therein in the Register and (c) give prompt notice thereof to the CompanyBorrowers. Within five Banking Days after receipt of notice, the CompanyBorrowers, at its their own expense, shall will execute and deliver to the Administrative Agent, in exchange for the surrendered Note, a new Note to the order of such Assignee in a principal amount equal to the applicable Working Capital Commitment and Loan assumed by it pursuant to such Assignment and Acceptance and, if the assigning Lender has retained a Working Capital Commitment and Loan, a new Note to the order of such assigning Lender in a principal amount equal to the applicable Working Capital Commitment and Loan retained by it. Such Subject to the foregoing, such new Note shall will be in an aggregate principal amount equal to the aggregate principal amount of such surrendered Note, and shall will be dated the date of the surrendered Revolving Credit Note which it replaces.

Acceptance of Assignment and Assumption. Upon its receipt of a completed Assignment and Acceptance executed by an assigning Lender and an Assignee together with the Note subject to such assignment, and the processing and recordation fee referred to in Section 13.1.111.1.1, the Administrative Agent shall (a) accept such Assignment and Acceptance, (b) record the information contained therein in the Register and (c) give prompt notice thereof to the CompanyBorrower. Within five Banking Days after receipt of notice, the CompanyBorrower, at its own expense, shall execute and deliver to the Administrative Agent, in exchange for the surrendered Note, a new Note to the order of such Assignee in a principal amount equal to the applicable Working Capital Commitment and Loan assumed by it pursuant to such Assignment and Acceptance and, if the assigning Lender has retained a Working Capital Commitment and Loan, a new Note to the order of such assigning Lender in a principal amount equal to the applicable Working Capital Commitment and Loan retained by it. Such new Note shall be in an aggregate principal amount equal to the aggregate principal amount of such surrendered Note, and shall be dated the date of the surrendered Note which it replaces.

Acceptance of Assignment and Assumption. Upon its receipt of a completed Assignment and Acceptance executed by an assigning Lender and an Assignee together with the Note subject to such assignment, and the processing and recordation fee referred to in Section 13.1.111.1.1, the Administrative Agent shall (a) accept such Assignment and Acceptance, (b) record the information contained therein in the Register and (c) give prompt notice thereof to the CompanyBorrower. Within five Banking Days after receipt of notice, the CompanyBorrower, at its own expense, shall execute and deliver to the Administrative Agent, in exchange for the surrendered Note, a new Note to the order of such Assignee in a principal amount equal to the applicable Working Capital Commitment and Loan assumed by it pursuant to such Assignment and 92 101 Acceptance and, if the assigning Lender has retained a Working Capital Commitment and Loan, a new Note to the order of such assigning Lender in a principal amount equal to the applicable Working Capital Commitment and Loan retained by it. Such new Note shall be in an aggregate principal amount equal to the aggregate principal amount of such surrendered Note, and shall be dated the date of the surrendered Note which it replaces.