ASSIGNMENT OF LENDER'S INTEREST. Each Lender shall have the right to assign its Loans and all or any portion of its rights in or pursuant to this Agreement or any of the Loan Documents to any subsequent holder or holders of its Note or the Obligations evidenced thereby, provided that each Lender shall give Agent concurrent written notice of each such assignment.
ASSIGNMENT OF LENDER'S INTEREST. Lender shall have the right to assign the Loan and all or any portion of its rights in or pursuant to this Agreement or any of the other Loan Documents to any subsequent holder or holders of the Note or the Obligations that assumes Lender's obligations hereunder and is a bank, pension fund, insurance company, or other institutional investor.
ASSIGNMENT OF LENDER'S INTEREST. Lender shall have the right to assign all or any portion of its rights in this Agreement to any subsequent holder or holders of the Indebtedness.
ASSIGNMENT OF LENDER'S INTEREST. Lender shall have the right to assign the Loan and all or any portion of its rights in or pursuant to this Agreement or any of the other Loan Documents to any subsequent holder or holders of the Note or the Obligations that assumes Lender's obligations hereunder and is a bank, pension fund, insurance company, or other institutional investor. The consent of Borrower shall not be required prior to any such assignment's becoming effective. Borrower shall be directly obligated to each assignee with respect to the Obligations assigned to such assignee and shall have no rights of setoff or other remedies against the assignee as a consequence of Lender's acts or omissions under this Agreement prior to such assignment. Upon the consummation of any assignment to an assignee pursuant to this Section 9.8, Lender and Borrower shall, if Lender or its assignee desires that the assignment be evidenced in part by a new promissory note, make appropriate arrangements for a new promissory note or, as appropriate, a replacement promissory note to be issued to Lender and for a new promissory note or, as appropriate, a replacement promissory note, to be issued to the assignee, in each case in principal amounts reflecting their respective rights to payment.
ASSIGNMENT OF LENDER'S INTEREST. Lender shall have the right to assign, participate or transfer the Sub-Loan and all or any portion of its rights in or pursuant to this Agreement, any Sub-Loan Agreement or any of the Sub-Loan Documents, holder or holders of such rights or interests shall be entitled to the benefits of this Agreement, any Sub-Loan Agreement and the Sub-Loan Documents. The consent of Borrower shall not be required for any such assignment, participation or transfer and failure to give notice of any assignment, participation or transfer shall not affect the validity or enforceability of this Agreement, any Sub-Loan Document, or subject Lender to any liability any Sub-Loan. Borrower consents to the dissemination of information regarding the Obligations, the Sub-Loan, Borrower, Borrower’s business, and all matters related hereto in connection with any assignment, participation or sale. In the event that Lender participates or sells its interest in the Sub-Loan to any other Person, which in Lender’s reasonable judgment has the financial capability to fund Advances (or its share thereof in the event of a participation) hereunder, Lender shall have no further responsibilities or liabilities in connection with the sold or participated portion of the Sub-Loan, including without limitation the obligation to fund Advances related to such sold or participated portions, after the date of such sale or participation. All of such responsibilities and liabilities after the date of such sale or participation shall be those of the participant or the purchaser of Lender’s interest.
ASSIGNMENT OF LENDER'S INTEREST. Lender shall have the right to assign, participate or transfer all or any part of the Revolving Credit Facility and all or any part of its rights in or pursuant to this Agreement or any of the Loan Documents. All assignees, participants and transferees shall be entitled to the benefits of this Agreement and the Loan Documents. The consent of Borrower shall not be required for any such assignment, participation or transfer and failure to give notice of any assignment, participation or transfer shall not affect the validity or enforceability of this Agreement, any Loan Document, or subject Lender to any liability. Borrower consents to the dissemination of information regarding the Obligations, the Revolving Credit Facility, Borrower, Borrower’s Business, and all matters related hereto in connection with any assignment, participation or sale. In the event that Lender participates or sells its interest in the Revolving Credit Facility to any other Person, Lender shall have no further responsibilities or liabilities in connection with the sold or participated portion of the Receivables Loan, including without limitation the obligation to fund Advances related to such sold or participated portions, after the date of such sale or participation. All of such responsibilities and liabilities after the date of such sale shall be those of the participant or the purchaser of Lender’s interest.
ASSIGNMENT OF LENDER'S INTEREST. Subject to the provisions of Section 20.18 below, Lender shall have the right to assign, participate or transfer all or any part of the Inventory Loan and all or any part of its rights in or pursuant to this Agreement or any of the Loan Documents including, without limitation, to an affiliate of Lender or as part of a securitization or conduit financing. All assignees, participants and transferees shall be entitled to the benefits of this Agreement and the Loan Documents. The consent of Borrower shall not be required for any such assignment, participation or transfer and failure to give notice of any assignment, participation or transfer shall not affect the validity or enforceability of this Agreement, any Loan Document, or subject Lender to any liability. Borrower consents to the dissemination of information regarding the Obligations, the Inventory Loan, Borrower, Borrower’s business, and all matters related hereto in connection with any assignment, participation or sale.
ASSIGNMENT OF LENDER'S INTEREST. Lender shall have the right to assign ------------------------------- all or any portion of its rights in this Agreement, any of the Loan Documents to any subsequent holder or holders of the Indebtedness.
ASSIGNMENT OF LENDER'S INTEREST. Lender shall have the right to assign all or any portion of its rights in this Agreement to any subsequent holder or holders of the Indebtedness; provided that so long as no Event of Default has occurred and is continuing, such assignment shall be to a Qualified Assignee and shall require the consent of the Borrower, which consent shall not be unreasonably withheld and shall not be required in connection with (i) an assignment to an Affiliate of the Lender, (ii) an assignment of Lender's whole portfolio of timeshare related loans, or (iii) after the end of the Revolving Period. Upon such assignment, such assignee shall be a party hereto (or execute a separate agreement in form and substance acceptable to each of the other parties hereto) and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such assignment, shall have the rights and obligations of the Lender under this Agreement (or the same rights and obligations under a separate agreement in form and substance acceptable to each of the other parties hereto) and the Lender shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such assignment, relinquish its rights and be released from its obligations hereunder.
ASSIGNMENT OF LENDER'S INTEREST. This Agreement shall inure to the ------------------------------- benefit of Lender, all future holders of the Note, any of the Obligations or any of the Collateral and all Transferees (as defined below), and each of their respective successors and permitted assigns. BORROWER ACKNOWLEDGES THAT LENDER MAY AT ANY TIME AND FROM TIME TO TIME MAY SELL, ASSIGN OR GRANT PARTICIPATING INTERESTS IN OR TRANSFER ALL OR ANY PART OF ITS RIGHTS OR OBLIGATIONS UNDER THIS AGREEMENT, THE NOTE, THE OBLIGATIONS, THE COLLATERAL AND/OR THE OTHER LOAN DOCUMENTS TO OTHER PERSONS, INCLUDING, WITHOUT LIMITATION, FINANCIAL INSTITUTIONS (EACH SUCH TRANSFEREE, ASSIGNEE OR PURCHASER, A "TRANSFEREE"). In ---------- such case, the Transferee shall have all of the rights and benefits with respect to the portion of such Obligations, the Note, the Collateral, this LOAN AND SECURITY AGREEMENT-Page 42 --------------------------- Agreement and the other Loan Documents held by it as fully as if such Transferee were the original holder thereof (including without limitation rights of set-off and recoupment), and either Lender or any Transferee may be designated as the sole agent to manage the transactions and obligations contemplated herein; provided that, notwithstanding anything to the contrary herein or in any Loan ------------- Document, Borrower shall not be obligated to pay under this Agreement to any Transferee any sum in excess of the sum which Borrower would have been obligated to pay to the Lender had such participation not been effected. Notwithstanding any other provision of any Loan Document, Lender may disclose to any Transferee all information, and furnish to such Transferee copies of reports, financial statements, certificates, and documents obtained under any provision of this Agreement or any other Loan Document.
