Common use of Assignment by the Secured Party Clause in Contracts

Assignment by the Secured Party. The Secured Party and each Bank 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 Banks, respectively, herein or otherwise.

Appears in 5 contracts

Samples: Credit Agreement (Tufco Technologies Inc), Security Agreement (Marketing Specialists Corp), Credit Agreement (Marketing Specialists Corp)

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Assignment by the Secured Party. The Secured Party and each Bank 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 BanksLenders, respectively, herein or otherwise.

Appears in 2 contracts

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

Assignment by the Secured Party. The Secured Party and each Bank 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 Banks, 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 Bank 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 Banks, respectivelyParty, herein or otherwise.

Appears in 1 contract

Samples: Network Products Purchase Agreement (MGC Communications Inc)

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Assignment by the Secured Party. The Subject to the terms of the Credit Agreement, the Secured Party and each Bank 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 Banks, respectively, herein or otherwise.

Appears in 1 contract

Samples: Security Agreement (Snelling & Snelling Inc)

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