Common use of ASSIGNMENT OF RIGHTS BY ASSIGNOR Clause in Contracts

ASSIGNMENT OF RIGHTS BY ASSIGNOR. Effective as of the date hereof, the Assignor hereby absolutely assigns and transfers to the Assignee: (a) subject as provided in Section 3(a) hereof, [all OR [●]% of all] of the Assignor’s right, title and interest in, to and under each of the outstanding Loans and other Obligations owing by the [Canadian Borrower OR U.S. Borrower] to the Assignor under the [Canadian Syndicated Facility] OR [Canadian Operating Facility] OR [U.S. Syndicated Facility] OR [U.S. Operating Facility], as more particularly described in Exhibit A attached hereto; and (b) [all OR [●]%] of the Assignor’s Commitments under the [Canadian Syndicated Facility] OR [Canadian Operating Facility] OR [U.S. Syndicated Facility] OR [U.S. Operating Facility], being [Cdn.$ OR U.S.$][●] of the [Canadian Syndicated Facility] OR [Canadian Operating Facility] OR [U.S. Syndicated Facility] OR [U.S. Operating Facility] Commitment (the “Assigned Commitment”), together with all of the Assignor’s other rights under the Credit Agreement and the other Documents but only insofar as such other rights relate to (a) and (b) above (collectively, the “Assigned Interests”).

Appears in 2 contracts

Samples: Credit Agreement (Baytex Energy Corp.), Credit Facilities (Baytex Energy Corp.)

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ASSIGNMENT OF RIGHTS BY ASSIGNOR. Effective as of the date hereof, the Assignor hereby absolutely assigns and transfers to the Assignee: (a) subject as provided in Section 3(a) hereof, [all OR [●]% of all] of the Assignor’s 's right, title and interest in, to and under each of the outstanding Loans and other Obligations owing by the [Canadian Borrower OR U.S. Borrower] to the Assignor under the [Canadian Revolving Syndicated Facility and the Term Loan A Facility] OR [Canadian Operating Facility] OR [U.S. Syndicated Facility] OR [U.S. Operating Facility], as more particularly described in Exhibit A attached hereto; and (b) [all OR [●]%] of the Assignor’s 's Commitments under the [Canadian Revolving Syndicated Facility and the Term Loan A Facility] OR [Canadian Operating Facility] OR [U.S. Syndicated Facility] OR [U.S. Operating Facility], being [Cdn.$ OR U.S.$][●] of the [Canadian Revolving Syndicated FacilityFacility Commitment (the "Revolving Syndicated Facility Assigned Commitment") and Cdn.$[●] of the Term Loan A Facility (the "Term Loan A Facility Assigned Commitment" and together with the Revolving Syndicated Facility Assigned Commitment, the "Assigned Commitments")] OR [Canadian [Operating FacilityOR U.S.] OR [U.S. Syndicated Facility] OR [U.S. Operating Facility] Facility Commitment (the "Assigned Commitment")], 31150487.8 together with all of the Assignor’s 's other rights under the Credit Agreement and the other Documents but only insofar as such other rights relate to (a) and (b) above (collectively, the "Assigned Interests").

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

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ASSIGNMENT OF RIGHTS BY ASSIGNOR. Effective as of the date hereof, the Assignor hereby absolutely assigns and transfers to the Assignee: (a) subject as provided in Section 3(a) hereof, [all OR [●]% of all] of the Assignor’s right, title and interest in, to and under each of the outstanding Loans and other Obligations owing by the [Canadian Borrower OR U.S. Borrower] to the Assignor under the [Canadian Revolving Syndicated Facility] OR [Term Facility] OR [Canadian Operating Facility] OR [U.S. Syndicated Facility] OR [U.S. Operating Facility], as more particularly described in Exhibit A attached hereto; and (b) [all OR [●]%] of the Assignor’s Commitments under the [Canadian Revolving Syndicated Facility] OR [Term Facility] OR [Canadian Operating Facility] OR [U.S. Syndicated Facility] OR [U.S. Operating Facility], being [Cdn.$ OR U.S.$][●] of the [Canadian Syndicated Facility] OR [Term Facility] OR [Canadian Operating Facility] OR [U.S. Syndicated Facility] OR [U.S. Operating Facility] Commitment (the “Assigned Commitment”), together with all of the Assignor’s other rights under the Credit Agreement and the other Documents but only insofar as such other rights relate to (a) and (b) above (collectively, the “Assigned Interests”).

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

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