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.
Appears in 5 contracts
Samples: Loan, Security and Agency Agreement (Silverleaf Resorts Inc), Security and Agency Agreement (Silverleaf Resorts Inc), Loan, Security and Agency Agreement (Silverleaf Resorts Inc)
Assignment of Lender's Interest. Each Lender shall have the right to assign its Loans 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 its the Note or the Obligations evidenced therebythat assumes Lender's obligations hereunder and is a bank, provided that each Lender shall give Agent concurrent written notice of each such assignmentpension fund, insurance company, or other institutional investor.
Appears in 3 contracts
Samples: Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc)
Assignment of Lender's Interest. Each Lender shall have the right to assign its all or any part of the 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.
Appears in 1 contract
Samples: Loan and Security Agreement (Silverleaf Resorts Inc)
Assignment of Lender's Interest. Each Lender shall have the right to assign its Loans 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 its the Mortgage Note or and/or the Obligations evidenced thereby, provided that each Lender shall give Agent concurrent written notice of each such assignmentReceivables Note.
Appears in 1 contract
Assignment of Lender's Interest. Each Lender shall have the right to assign its Loans 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 its Note or the Obligations evidenced thereby, provided that each Lender shall give Agent concurrent written notice of each such assignmentNote.
Appears in 1 contract
Samples: Receivables Loan and Security Agreement (Silverleaf Resorts Inc)
