Common use of Administrative Agent May Assign Clause in Contracts

Administrative Agent May Assign. Pledgor agrees that upon any sale or transfer by Administrative Agent or any Lender of the Credit Documents and the indebtedness evidenced thereby that is permitted under the Term Loan Agreement, Administrative Agent or such Lender may deliver the Collateral disposed of as part of such a sale or transfer to the purchaser or transferee, who shall thereupon become vested with all powers and rights given to Administrative Agent or such Lender in respect thereto, and Administrative Agent or such Lender shall be thereafter forever relieved and fully discharged from any liability or responsibility in connection therewith.

Administrative Agent May Assign. Each Pledgor agrees that upon any sale or transfer by Administrative Agent or any Lender Lenders of the Credit Loan Documents and the indebtedness evidenced thereby that is permitted under the Term Loan Agreementthereby, Administrative Agent or such Lender may deliver the Collateral disposed of as part of such a sale or transfer to the purchaser or transfereetransferee the Collateral, who shall thereupon become vested with all powers and rights given to Administrative Agent or such Lender in respect thereto, and Administrative Agent or such Lender shall be thereafter forever relieved and fully discharged from any liability or responsibility in connection therewith.

Administrative Agent May Assign. Pledgor agrees that upon any sale or transfer by Administrative Agent or any Lender of the Credit Documents and the indebtedness evidenced thereby that is permitted under the Term Loan Credit Agreement, Administrative Agent or such Lender may deliver the Collateral disposed of as part of such a sale or transfer to the purchaser or transferee, who shall thereupon become vested with all powers and rights given to Administrative Agent or such Lender in respect thereto, and Administrative Agent or such Lender shall be thereafter forever relieved and fully discharged from any liability or responsibility in connection therewith.

Administrative Agent May Assign. The Pledgor agrees that upon any sale or transfer by the Administrative Agent or any Lender of the Credit Loan Documents and the indebtedness evidenced thereby that is permitted under thereby, the Term Loan Agreement, Administrative Agent or such Lender may deliver the Collateral disposed of as part of such a sale or transfer to the purchaser or transfereetransferee the Collateral, who shall thereupon become vested with all powers and rights given to the Administrative Agent or such Lender in respect thereto, and the Administrative Agent or such Lender shall be thereafter forever relieved and fully discharged from any liability or responsibility in connection therewith.