Common use of Assignments; Amendments Clause in Contracts

Assignments; Amendments. This Fee and Syndication Letter may not be assigned by any party hereto without the prior written consent of each other party hereto (not to be unreasonably withheld) (and any purported assignment without such consent will be null and void), is intended to be solely for the benefit of the parties hereto and, except as set forth above in respect of indemnified persons, is not intended to confer any benefits upon, or create any rights in favor of, any person other than the parties hereto. Each Initial Financing Party may assign its agreements hereunder, in whole or in part, to (i) any of its affiliates or (ii) any other person subject to the consent of the Borrower. This Fee and Syndication Letter may be not amended nor any term or provision hereof or thereof waived or otherwise modified except by an instrument in writing signed by each of the parties hereto and any term or provision hereof or thereof may be amended or waived only by a written agreement executed and delivered by all parties hereto. For the purposes of Section 10.6 of the Bridge Loan Agreement, the Borrower hereby consents to assignments of Commitments between Xxxxxxx Xxxxx and GS Lending Partners.

Appears in 2 contracts

Samples: www.marshmclennan.com, www.jlt.com

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Assignments; Amendments. This Fee and Syndication Commitment Letter may not be assigned by any party hereto you without the prior written consent of each other party hereto (not to be unreasonably withheld) the Commitment Parties (and any purported assignment without such consent will be null and void), is intended to be solely for the benefit of the Commitment Parties and the other parties hereto and, except as set forth above in respect of indemnified personsAnnex A hereto, is not intended to confer any benefits upon, or create any rights in favor of, any person other than the parties hereto. Each Initial Financing Party of the Commitment Parties may assign its commitments and agreements hereunder, in whole or in part, to (i) any of its affiliates or (iiprovided that such affiliates agree to abide by the confidentiality provisions of Section 7 of this Commitment Letter) and, as provided above, to any other person subject Lender prior to the consent Closing Date; provided that any assignment by a Commitment Party to any potential Lender made prior to the Closing Date shall not relieve such Commitment Party of its obligations set forth herein to fund that portion of the Borrowercommitments so assigned. This Neither this Commitment Letter nor the Fee and Syndication Letter may be not amended nor or any term or provision hereof or thereof waived or otherwise modified except by an instrument in writing signed by each of the parties hereto or thereto, as applicable, and any term or provision hereof or thereof may be amended or waived only by a written agreement executed and delivered by all parties hereto. For the purposes of Section 10.6 of the Bridge Loan Agreement, the Borrower hereby consents to assignments of Commitments between Xxxxxxx Xxxxx and GS Lending Partnershereto or thereto.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Valeant Pharmaceuticals International), Agreement and Plan of Merger (BIOVAIL Corp)

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Assignments; Amendments. This Fee and Syndication Letter may not be assigned by any party hereto without the prior written consent of each other party hereto (not to be unreasonably withheldwithheld or delayed) (and any purported assignment without such consent will be null and void), is intended to be solely for the benefit of the parties hereto and, except as set forth above in respect of indemnified persons, is not intended to confer any benefits upon, or create any rights in favor of, any person other than the parties hereto. Each Initial Financing Party may assign its agreements hereunder, in whole or in part, to (i) any of its affiliates or (ii) any other person subject to the written consent of the Borrower. This Fee and Syndication Letter may be not amended nor any term or provision hereof or thereof waived or otherwise modified except by an instrument in writing signed by each of the parties hereto and any term or provision hereof or thereof may be amended or waived only by a written agreement executed and delivered by all parties hereto. For the purposes of Section 10.6 of the Bridge Loan Agreement, the Borrower hereby consents to assignments of Commitments between Xxxxxxx Xxxxx and GS Lending Partners.

Appears in 1 contract

Samples: staging.purecircle.com

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