Assignment of Loan Documents and Liens Sample Clauses

Assignment of Loan Documents and Liens. The Existing Agent hereby transfers, assigns, grants and conveys unto the Successor Agent all of its right, title, and interest in and to the Credit Agreement and the other Loan Documents (including, without limitation, the Guaranty and the Collateral Documents), together with any riders, addenda, exhibits, schedules, and attachments thereto, all Uniform Commercial Code and Personal Property Security Act financing statements filed in connection therewith, all real property security registrations registered in connection therewith, and any and all Collateral in support of the obligations of the Borrowers and Guarantors under the Credit Agreement and the other Loan Documents, together with all attendant Liens, rights, title, assignments and interests (including security interests) pertaining to or arising from the Collateral Documents, including, but not limited to, those set forth on Annex B hereto (all of the foregoing, collectively, the “Assigned Liens”), in each case, without representation, warranty or recourse. The parties hereto agree that Citibank, N.A., in its individual capacity and in its capacity as the Existing Agent, shall not bear any responsibility or liability for any actions taken or omitted to be taken by the Successor Agent or any Affiliate of the Successor Agent under this Agreement, the Credit Agreement, the Loan Documents, or the transactions contemplated hereby or thereby. Notwithstanding the foregoing, the parties hereto agree that neither BMO, in its individual capacity and in its capacity as the Successor Agent, nor any of its Affiliates, shall bear any responsibility or liability for any actions taken or omitted to be taken by the Existing Agent or any Affiliate of the Existing Agent under this Agreement, the Credit Agreement, the other Loan Documents, or the transactions contemplated thereby. It is the intention and understanding of the Existing Agent, the Successor Agent, and each Loan Party that any exchange of information under this Agreement that is otherwise protected against disclosure by privilege, doctrine or rule of confidentiality (such information, “Subject Information”), whether before or after the Effective Date (i) shall not waive any applicable privilege, doctrine or rule of protection from disclosure, (ii) shall not diminish the confidentiality of the Subject Information, and (iii) shall not be asserted as a waiver of any such privilege, doctrine, or rule by the Existing Agent, the Successor Agent, or any Loan Par...
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Related to Assignment of Loan Documents and Liens

  • Reaffirmation of Loan Documents and Liens Except as amended and modified hereby, any and all of the terms and provisions of the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby in all respects ratified and confirmed by each Credit Party. Each Credit Party hereby agrees that the amendments and modifications herein contained shall in no manner affect or impair the liabilities, duties and obligations of any Credit Party under the Credit Agreement and the other Loan Documents or the Liens securing the payment and performance thereof.

  • RATIFICATION OF LOAN DOCUMENTS AND COLLATERAL The Loan Documents are ratified and affirmed by Borrower and shall remain in full force and effect as modified herein. Any property or rights to or interests in property granted as security in the Loan Documents shall remain as security for the Loan and the obligations of Borrower in the Loan Documents.

  • Amendment of Loan Documents Grantor authorizes Bank, without notice or demand and without affecting its liability hereunder, from time to time to (a) renew, extend, or (with the approval of Borrower) otherwise change the terms of any Loan Document, or any part thereof; (b) take and hold security for the payment of any Loan Document, and exchange, enforce, waive and release any such security; and (c) apply such security and direct the order or manner of sale thereof as Bank in its sole discretion may determine.

  • Reaffirmation of Loan Documents Any and all of the terms and provisions of the Credit Agreement and the Loan Documents shall, except as amended and modified hereby, remain in full force and effect. This Amendment shall not limit or impair any Liens securing the Obligations, each of which are hereby ratified, affirmed and extended to secure the Obligations as it may be increased pursuant hereto. This Amendment constitutes a Loan Document.

  • Other Financing Statements and Liens Except as otherwise permitted under Section 9.06 of the Credit Agreement, without the prior written consent of the Administrative Agent (granted with the authorization of the Lenders as specified in Section 11.09 of the Credit Agreement), no Securing Party shall file or suffer to be on file, or authorize or permit to be filed or to be on file, in any jurisdiction, any financing statement or like instrument with respect to the Collateral in which the Administrative Agent is not named as the sole secured party for the benefit of the Lenders.

  • Material Agreements and Liens (a) Part A of Schedule I hereto is a complete and correct list, as of the Restatement Date, of each credit agreement, loan agreement, indenture, purchase agreement, guarantee, letter of credit or other arrangement providing for or otherwise relating to any Indebtedness or any extension of credit (or commitment for any extension of credit) to, or guarantee by, the Company or any of its Subsidiaries the aggregate principal or face amount of which equals or exceeds (or may equal or exceed) $1,000,000, and the aggregate principal or face amount outstanding or that may become outstanding under each such arrangement is correctly described in Part A of said Schedule I.

  • Execution of Loan Documents Unless the Administrative Agent otherwise specifies with respect to any Loan Document, (a) this Agreement and any other Loan Document may be executed in any number of counterparts and any party hereto or thereto may execute any counterpart, each of which when executed and delivered will be deemed to be an original and all of which counterparts of this Agreement or any other Loan Document, as the case may be, when taken together will be deemed to be but one and the same instrument and (b) execution of any such counterpart may be evidenced by a telecopier transmission of the signature of such party. The execution of this Agreement or any other Loan Document by any party hereto or thereto will not become effective until counterparts hereof or thereof, as the case may be, have been executed by all the parties hereto or thereto.

  • Modification of Loan Documents At any time or from time to time and any number of times, without notice to Guarantor and without affecting the liability of Guarantor, all of the following will apply:

  • Amendment of Loan Agreement The Loan Agreement is hereby amended as follows:

  • RATIFICATION OF LOAN DOCUMENTS Borrower hereby ratifies, confirms, and reaffirms all terms and conditions of all security or other collateral granted to the Bank, and confirms that the indebtedness secured thereby includes, without limitation, the Obligations.

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