Common use of Assignments by Banks Clause in Contracts

Assignments by Banks. Any Bank may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Advances (including for purposes of this subsection (b), participations in Letter of Credit Obligations) at the time owing to it); provided that any such assignment shall be subject to the following conditions:

Appears in 2 contracts

Samples: Credit Agreement (Stone Energy Corp), Credit Agreement (Stone Energy Corp)

AutoNDA by SimpleDocs

Assignments by Banks. Any Bank may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Advances (including for purposes of this subsection clause (b), participations in Letter of Credit Obligations) at the time owing to it); provided that any such assignment shall be subject to the following conditions:

Appears in 1 contract

Samples: Fifth Amended and Restated Credit Agreement (Stone Energy Corp)

Assignments by Banks. Any Bank may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Advances (including for purposes of this subsection (b), participations in Letter of Credit Obligations) Loans at the time owing to it); provided provided, that any such assignment shall be subject to the following conditions:

Appears in 1 contract

Samples: Term Loan Credit Agreement (Kaman Corp)

AutoNDA by SimpleDocs

Assignments by Banks. Any Bank may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Revolving Credit Commitment and the Advances (including for purposes of this subsection (b), participations in Letter of Credit Obligations) Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions:that

Appears in 1 contract

Samples: Credit Agreement (Peoples Energy Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!