Common use of Assignment Procedures Clause in Contracts

Assignment Procedures. In the event of an assignment in accordance with Section 12.2(a), upon execution and delivery of such an assignment at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender to the assigning Lender of an amount equal to the purchase price agreed between such assigning Lender and such Successor Lender, such Successor Lender shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender under this Agreement and the other Lender Agreements with an interest therein as set forth in such assignment, and such assignor making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, the assigning Lender, the Successor Lender and the Borrower shall make appropriate arrangements so that, if required, a new Revolving Credit Note is issued to the Successor Lender and a replacement Revolving Credit Note is issued to the assigning Lender in principal amounts reflecting their respective revised interests.

Assignment Procedures. In the event of an assignment in accordance with Section 12.2(a), upon execution and delivery of such an assignment at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender to the assigning Lender of an amount equal to the purchase price agreed between such assigning Lender and such Successor Lender, such Successor Lender shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender under this Agreement and the other Lender Agreements with an interest therein as set forth in such assignment, and such assignor making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, the assigning Lender, the Successor Lender and the Borrower Borrowers shall make appropriate arrangements so that, if required, a new Revolving Credit Note is issued to the Successor Lender and a replacement Revolving Credit Note is issued to the assigning Lender in principal amounts reflecting their respective revised interests.

Assignment Procedures. In the event of an assignment in accordance with Section 12.2(a), upon execution and delivery of such an assignment at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender to the assigning Lender of an amount equal to the purchase price agreed between such assigning Lender and such Successor Lender, such Successor Lender shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender under this Agreement and the other Lender Agreements with an interest therein as set forth in such assignment, and such assignor making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, the assigning Lender, the Successor Lender and the Borrower shall make appropriate arrangements so that, if required, a new Revolving Credit Note is issued to the Successor Lender and a replacement Revolving Credit Note is issued to the assigning Lender in principal amounts reflecting their respective revised interests.

Assignment Procedures. In the event of an assignment in accordance with Section 12.2(a), upon execution and delivery of such an assignment Assignment and Acceptance Agreement at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender to the assigning Lender of an amount equal to the purchase price agreed between such assigning Lender and such Successor Lender, such Successor Lender shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender under this Agreement and the other Lender Agreements with an interest therein as set forth in such assignment, and such assignor making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, the assigning Lender, the Successor Lender and the Borrower Borrowers shall make appropriate arrangements so that, if required, a new Revolving Credit Note is and new Term Notes are issued to the Successor Lender and a replacement Revolving Credit Note is and replacement Term Notes are issued to the assigning Lender in principal amounts reflecting their respective revised interests.

Assignment Procedures. In the event of an assignment in accordance --------------------- with Section 12.2(a9.2(a), upon execution and delivery of such an assignment at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender to the assigning Lender of an amount equal to the purchase price agreed between such assigning Lender and such Successor Lender, such Successor Lender shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender under this Agreement and the other Lender Agreements with an interest therein as set forth in such assignment, and such assignor making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, the assigning Lender, the Successor Lender Lender, the Parent and the Borrower Borrowers shall make appropriate arrangements so that, if required, a new Revolving Credit Note is Notes are issued to the Successor Lender and a replacement Revolving Credit Note is Notes are issued to the assigning Lender in principal amounts reflecting their respective revised interests.

Assignment Procedures. In the event of an assignment in accordance with Section 12.2(a11.2(a), upon execution and delivery of such an assignment at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender to the assigning Lender of an amount equal to the purchase price agreed between such assigning Lender and such Successor Lender, such Successor Lender shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender under this Agreement and the other Lender Agreements with an interest therein as set forth in such assignment, and such assignor making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, the assigning Lender, the Successor Lender and the Borrower shall make make, if necessary, appropriate arrangements so that, if required, a new Revolving Credit Note Note(s) is issued to the Successor Lender and a replacement Revolving Credit Note Note(s) is issued to the assigning Lender in principal amounts reflecting their respective revised interests.

Assignment Procedures. In the event of an assignment in accordance with under Section 12.2(a), upon execution and delivery of such an assignment Assignment and Assumption Agreement at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender assignee to the assigning Lender assignor making such assignment of an amount equal to the purchase price agreed between such assigning Lender and such Successor Lenderassignee, such Successor Lender assignee shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender under this Agreement and the other Lender Agreements with an interest therein as set forth in such assignmentAssignment and Assumption Agreement, and such assignor making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, the assigning Lenderassignor, the Successor Lender and the Borrower shall make appropriate arrangements so that, if required, a new Revolving Credit Note is Notes are issued to the Successor Lender and a replacement Revolving Credit Note is Notes are issued to the assigning Lender assignor in principal amounts reflecting their respective revised interests.

Assignment Procedures. In the event of an assignment in accordance with under Section 12.2(a), upon execution and delivery of such an assignment Assignment and Assumption Agreement at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender Bank to the assigning Lender assignor making such assignment of an amount equal to the purchase price agreed between such assigning Lender Bank and such Successor LenderBank, such Successor Lender Bank shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender Bank under this Agreement and the other Lender Bank Agreements with an interest therein as set forth in such assignment, and such assignor making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, the assigning Lenderassignor, the Successor Lender Bank and the Borrower shall make appropriate arrangements so that, if required, a new Revolving Credit Note is issued to the Successor Lender Bank and a replacement Revolving Credit Note is issued to the assigning Lender assignor in principal amounts reflecting their respective revised interests.

Assignment Procedures. In the event of an assignment in accordance with Section 12.2(a9.2(a), upon execution and delivery of such an assignment at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender to the assigning Lender of an amount equal to the purchase price agreed between such assigning Lender and such Successor Lender, such Successor Lender shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender under this Agreement and the other Lender Agreements with an interest therein as set forth in such assignment, and such assignor the assigning Lender making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, the assigning Lender, the Successor Lender Lender, the Parent and the Borrower Borrowers shall make appropriate arrangements so that, if required, a new Revolving Credit Note is Notes are issued to the Successor Lender and a replacement Revolving Credit Note is Notes are issued to the assigning Lender in principal amounts reflecting their respective revised interests, and all old Notes which are replaced shall be returned and cancelled.

Assignment Procedures. In the event of an assignment in accordance with --------------------- Section 12.2(a9.2(a), upon execution and delivery of such an assignment at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender to the assigning Lender of an amount equal to the purchase price agreed between such assigning Lender and such Successor Lender, such Successor Lender shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender under this Agreement and the other Lender Agreements with an interest therein as set forth in such assignment, and such assignor making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, the assigning Lender, the Successor Lender Lender, the Parent and the Borrower Borrowers shall make appropriate arrangements so that, if required, a new Revolving Credit Note is Notes are issued to the Successor Lender and a replacement Revolving Credit Note is Notes are issued to the assigning Lender in principal amounts reflecting their respective revised interests.

Assignment Procedures. In the event of an assignment in accordance with Section 12.2(a), upon execution and delivery of such an assignment at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender to the assigning Lender of an amount equal to the purchase price agreed between such assigning Lender and such Successor Lender, such Successor Lender shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender under this Agreement and the other Lender Agreements with an interest therein as set forth in such assignment, and such assignor making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, notice of such assignment shall be given to the Borrower and the assigning Lender, the Successor Lender and the Borrower shall make appropriate arrangements so that, if required, a new Revolving Credit Note is issued to the Successor Lender and a replacement Revolving Credit Note is issued to the assigning Lender in principal amounts reflecting their respective revised interests.

Assignment Procedures. In the event of an assignment in accordance with under Section 12.2(a), upon execution and delivery of such an assignment Assignment and Assumption Agreement at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender Bank to the assigning Lender assignor making such assignment of an amount equal to the purchase price agreed between such assigning Lender Bank and such Successor LenderBank, such Successor Lender Bank shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender Bank under this Agreement and the other Lender Bank Agreements with an interest therein as set forth in such assignment, and such assignor making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, the assigning Lenderassignor, the Successor Lender Bank and the Borrower Borrowers shall make appropriate arrangements so that, if required, a new Revolving Credit Note is Notes are issued to the Successor Lender Bank and a replacement Revolving Credit Note is Notes are issued to the assigning Lender assignor in principal amounts reflecting their respective revised interests.

Assignment Procedures. In the event of an assignment in accordance with Section 12.2(a), upon execution and delivery of such an assignment at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender to the assigning Lender of an amount equal to the purchase price agreed between such assigning Lender and such Successor Lender, such Successor Lender shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender under this Agreement and the other Lender Agreements with an interest therein as set forth in such assignment, and such assignor making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, the assigning Lender, the Successor Lender and the Borrower Borrowers shall make appropriate arrangements so that, if required, a new Term Loan Note and Revolving Credit Note is are issued to the Successor Lender and a replacement Term Loan Note and/or Revolving Credit Note is issued to the assigning Lender in principal amounts reflecting their respective revised interests.

Assignment Procedures. In the event of an assignment in accordance with Section 12.2(a9.2(a), upon execution and delivery of such an assignment at least five (5) Business Days prior to the proposed assignment date, and payment by such Successor Lender to the assigning Lender of an amount equal to the purchase price agreed between such assigning Lender and such Successor Lender, such Successor Lender shall become party to this Agreement as a signatory hereto and shall have all the rights and obligations of a Lender under this Agreement and the other Lender Agreements with an interest therein as set forth in such assignment, and such assignor making such assignment shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any such assignment, the assigning Lender, the Successor Lender and the Borrower Borrowers shall make appropriate arrangements so that, if required, a new Revolving Credit Note is and a new Term Note are issued to the Successor Lender and a replacement Revolving Credit Note is and a replacement Term Note are issued to the assigning Lender in principal amounts reflecting their respective revised interests.