Common use of Assignment by the Agent Clause in Contracts

Assignment by the Agent. In connection with the succession of the Agent pursuant to Section 10.7 of the Credit Agreement, the Agent may from time to time assign the Secured Obligations and any portion thereof and/or the Collateral and any portion thereof, and the assignee shall be entitled to all of the rights and remedies of the Agent under this Security Agreement in relation thereto.

Appears in 2 contracts

Samples: Credit Agreement (Cluett Peabody & Co Inc /De), Security Agreement (Cluett Peabody & Co Inc /De)

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Assignment by the Agent. In connection with the succession of the Agent pursuant Subject to Section Sections 10.7 and 11.3 of the Credit Agreement, the Agent may from time to time assign the Secured Obligations and any portion thereof and/or the Collateral and any portion thereof, and the assignee shall be entitled to all of the rights and remedies of the Agent under this Security Agreement in relation thereto.

Appears in 1 contract

Samples: Security Agreement (M & M Properties Inc)

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Assignment by the Agent. In connection with the succession of the Agent pursuant to Section 10.7 of the Credit Agreement, the Agent may from time to time assign the Secured Obligations and any portion thereof and/or the Collateral and any portion thereof, and the assignee shall be entitled to all of the rights and remedies of the Agent under this Security Agreement in relation thereto.

Appears in 1 contract

Samples: Credit Agreement (Vestar Sheridan Inc)

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