Common use of Assignment by Lenders Clause in Contracts

Assignment by Lenders. So long as no Unmatured Event of Default or Event of Default has occurred and is continuing, no Lender may make any assignment, other than any proposed assignment (i) to an Affiliate of such Lender, (ii) to another Lender hereunder or (iii) to any Person if (x) such Lender makes a determination that its ownership of any of its rights or obligations hereunder is prohibited by Applicable Law (including, without limitation, the Xxxxxxx Rule) and (y) to the extent such Lender assigns its interest herein to any Person other than a Competitor, without the prior written consent of the Borrower (such consent not to be unreasonably withheld, delayed or conditioned); provided that no Lender shall be permitted to make an assignment or sell a participation in any Advance to anythe Equityholder or any Affiliate of any Equityholderthe Equityholder; provided further, that each Lender shall first offer to sell such interest(s) to (i) the Lender affiliated with the Facility Agent and, if such Lender does not accept such offer within 10 Business Days, then (ii) to each remaining Lender (pro rata) for a period of 10 Business Days prior to offering to any Person that is not an existing Lender. Each Lender shall endorse the Notes to reflect any assignments made pursuant to this Article XV or otherwise.

Assignment by Lenders. So long as Any Lender may assign an interest in, or sell a participation interest in any Advance (or portion thereof) or its Commitment (or any portion thereof) pursuant to any one of the following clauses (a) through (e); provided, that no Unmatured transfer or assignment may be made to the Servicer, the Equityholder or an Affiliate thereof without the prior written consent of the Facility Agent and in no event prior to the occurrence and continuation of an Event of Default shall any Lender make any such assignment or participation to any Disqualified Institution: (a) if an Event of Default or Event of Servicer Default has occurred and is continuing, no Lender may make any assignment, other than any proposed assignment ; (ib) to an Affiliate of such Lender, ; (iic) to another Lender hereunder or Lender; (iiid) to any Person if (x) such Lender makes a determination that its ownership of any of its rights or obligations hereunder is prohibited by Applicable Law (including, without limitation, the Xxxxxxx Vxxxxxx Rule); or (e) and (y) to the extent such Lender assigns its interest herein to any Person other than a Competitor, without with the prior written consent of the Borrower and the Servicer (or the Equityholder if the Servicer is not an Affiliate thereof) (such consent not to be unreasonably withheld, delayed or conditioned); provided that no Lender shall be permitted to make an assignment or sell a participation in any Advance to anythe Equityholder or any Affiliate of any Equityholderthe Equityholder; provided furtherprovided, that each Lender shall first offer to sell such interest(s) to (i) the Lender affiliated with the Facility Agent and, if such Lender does not accept such offer within 10 Business Days, then (ii) to each remaining Lender (pro rata) for a period of 10 Business Days prior to offering to any Person that is not an existing Lender. Each Lender shall endorse the Notes to reflect any assignments made pursuant to this Article XV or otherwise.

Assignment by Lenders. So long as no Unmatured Event Any Lender may assign an interest in, or sell a participation interest in any Advance (or portion thereof) or its Commitment (or any portion thereof) pursuant to any one of Default the following clauses (a) through (e); provided that the Lenders shall not assign any interest in, or sell a participation in any Advance (or portion thereof) or its Commitment (or any portion thereof), to the Equityholder or any Affiliate of the Equityholder: (a) to any person other than a Competitor, if an Event of Default has occurred and is continuing, no Lender may make any assignment, other than any proposed assignment ; (ib) to an Affiliate of such Lender, ; (iic) to another Lender hereunder or Lender; (iiid) to any Person that is not a Competitor if (x) such Lender makes a determination that its ownership of any of its rights or obligations hereunder is prohibited by Applicable Law (including, without limitation, the Xxxxxxx Rule); or (e) and (y) to the extent such Lender assigns its interest herein to any Person other than a Competitor, without with the prior written consent of the Borrower (such consent not to be unreasonably withheld, delayed or conditioned)Borrower; provided that no Lender shall be permitted to make an assignment or sell a participation in any Advance to anythe Equityholder or any Affiliate of any Equityholderthe Equityholder; provided furtherprovided, that each Lender shall first offer to sell such interest(s) to (i) the Lender affiliated with the Facility Agent and, if such Lender does not accept such offer within 10 Business Days, then (ii) to each remaining Lender (pro rata) for a period of 10 Business Days prior to offering to any Person that is not an existing Lender. Each Lender shall endorse the Notes to reflect any assignments made pursuant to this Article XV or otherwise.

Assignment by Lenders. So long as no Unmatured Event of Default or Event of Default has occurred and is continuing, no Lender may make any assignment, other than any proposed assignment (i) to an Affiliate of such Lender, (ii) to another Lender hereunder or (iii) to any Person if (x) upon the determination by such Lender makes a determination that its ownership of any of its rights or obligations hereunder is prohibited by Applicable Law (including, without limitation, the Xxxxxxx Rule) and (y) to the extent such Lender assigns its interest herein to any Person other than a Competitor), without the prior written consent of the Borrower (such consent not to be unreasonably withheld, delayed or conditioned); provided that no Lender conditioned and shall be permitted deemed granted unless affirmatively denied by the Borrower within five (5) Business Days of receipt of a request to make consent to an assignment assignment). ; provided, that, so long as no Event of Default or sell a participation in any Advance to anythe Equityholder or any Affiliate Unmatured Event of any Equityholderthe Equityholder; provided furtherDefault shall have occurred and be continuing at such time, that each Lender shall first offer to sell such interest(s) to (i) the Lender affiliated with the Facility Administrative Agent and, if such Lender does not accept such offer within 10 Business DaysDay, then (ii) to each remaining Lender (pro rata) for a period of 10 Business Days prior to offering to any Person that is not an existing Lender. Each Lender shall endorse the Notes to reflect any assignments made pursuant to this Article XV or otherwise. Notwithstanding anything to the contrary contained herein, no Lender may make any assignment to the Borrower, the Servicer or any of their respective Affiliates without the prior written consent of each other Lender.

Assignment by Lenders. So long as no Any Lender may assign an interest in, or sell a participation interest in any Advance (or portion thereof) or its Commitment (or any portion thereof) pursuant to any one of the following clauses (a) through (e); provided that the Lenders shall not assign any interest in, or sell a participation in any Advance (or portion thereof) or its Commitment (or any portion thereof), to the Equityholder or any Affiliate of the Equityholder: (a) to any Person, if an Unmatured Event of Default, Event of Default, Unmatured Servicer Default or Event of Servicer Default has occurred and is continuing, no Lender may make any assignment, other than any proposed assignment ; (ib) to an Affiliate of such Lender, ; (iic) to another Lender hereunder or Lender; (iiid) to any Person if (x) such Lender makes a determination that its ownership of any of its rights or obligations hereunder is prohibited by Applicable Law (including, without limitation, the Xxxxxxx Rule); or (e) and (y) to the extent such Lender assigns its interest herein to any Person other than a Competitor, without with the prior written consent of the Borrower (such which consent shall not to be unreasonably withheld, delayed or conditioned); provided that no Lender shall be permitted to make an assignment or sell a participation in any Advance to anythe Equityholder or any Affiliate of any Equityholderthe Equityholder; provided furtherprovided, that each Lender shall first offer to sell such interest(s) to (i) the Lender affiliated with the Facility Agent and, if such Lender does not accept such offer within 10 Business Days, then (ii) to each remaining Lender (pro rata) for a period of 10 Business Days prior to offering to any Person that is not an existing Lender. Each Lender shall endorse the Notes to reflect any assignments made pursuant to this Article XV or otherwise.