Common use of Assignments by Lender Clause in Contracts

Assignments by Lender. The Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of the Loan at the time owing to it). From and after the effective date of any such assignment, the assigning Lender shall be released from its obligations under this Agreement (and, in the case of an assignment covering all of the assigning Lender’s rights and obligations under this Agreement, the Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Section 9.03 with respect to facts and circumstances occurring prior to the effective date of such assignment.

Assignments by Lender. The Lender may at any time assign to one or more assignees of its Affiliates all or a portion of its rights and obligations under this Agreement (including all or a portion of the Loan at the time owing to itLoan). From and after the effective date of any such specified for the assignment, the assigning assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned, have the rights and obligations of the Lender shall under this Agreement, and the Lender shall, to the extent of the interest assigned, be released from its obligations under this Agreement (and, in the case of an assignment covering all of the assigning Lender’s rights and obligations under this Agreement, the Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Section 9.03 8.04 with respect to facts and circumstances occurring prior to the effective date of such assignment. Upon request, the Borrower shall execute and deliver a Note to the assignee.