Common use of Assignment by the Secured Party Clause in Contracts

Assignment by the Secured Party. The Secured Party and each Lender may at any time assign or otherwise transfer all or any portion of their rights and obligations under this Agreement and the other Loan Documents (including, without limitation, the Obligations) to any other Person, to the extent permitted by, and upon the conditions contained in, the Credit Agreement, and such Person shall thereupon become vested with all the benefits thereof granted to the Secured Party and the Lenders, respectively, herein or otherwise.

Appears in 2 contracts

Samples: Master Pledge Agreement (Fyi Inc), Pledge Agreement (Fyi Inc)

AutoNDA by SimpleDocs

Assignment by the Secured Party. The Secured Party and each Lender may at any time assign or otherwise transfer all or any portion of their its rights and obligations under this Agreement and the other Loan Documents (includingNote, without limitation, in connection with an assignment of the Obligations) , to any other Person, to the extent permitted by, and upon the conditions contained in, the Credit Agreement, and such Person shall thereupon become vested with all the benefits thereof granted to the Secured Party and the Lenders, respectively, herein or otherwise.

Appears in 1 contract

Samples: Security Agreement (Catalyst Master Fund Lp)

Assignment by the Secured Party. The Secured Party and each Lender may at any time assign or otherwise transfer all or any portion of their its rights and obligations under this Agreement and the other Loan Documents (includingTransaction Documents, without limitation, in connection with an assignment of the Obligations) , to any other Person, to the extent permitted by, and upon the conditions contained in, the Credit Agreement, and such Person shall thereupon become vested with all the benefits thereof granted to the Secured Party and the Lenders, respectively, herein or otherwise.

Appears in 1 contract

Samples: Security Agreement (ProsoftTraining)

Assignment by the Secured Party. The Secured Party and each Lender may at any time assign or otherwise transfer all or any portion of their its rights and obligations under this Agreement and the other Loan Documents (including, without limitation, the Obligations) to any other Person, to the extent permitted by, and upon the conditions contained in, the Credit Agreement, and such Person shall thereupon become vested with all the benefits thereof granted to the Secured Party and the Lenders, respectivelyParty, herein or otherwise.

Appears in 1 contract

Samples: Network Products Purchase Agreement (MGC Communications Inc)

AutoNDA by SimpleDocs

Assignment by the Secured Party. The Secured Party and each Lender may at any time assign or otherwise transfer all or any portion of their its rights and obligations under this Agreement and the other Loan Transaction Documents (including, without limitation, the Obligations) to any other Personperson, to the extent permitted by, and upon by the conditions contained in, the Credit AgreementTransaction Documents, and such Person person shall thereupon become vested with all the benefits thereof granted to the Secured Party and the Lenders, respectively, herein or otherwise.

Appears in 1 contract

Samples: Asset Purchase Agreement (Micro Asi Inc)

Assignment by the Secured Party. The Secured Party and each Lender may at any time assign or otherwise transfer all or any portion of their its rights and obligations under this Agreement and the other Loan Documents (including, without limitation, the Obligations) to any other Person, to the extent permitted by, and upon the conditions contained in, the Credit Agreement, and such Person shall thereupon become vested with all the benefits thereof granted to the Secured Party and the Lenders, respectively, herein or otherwise.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Ods Networks Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!