Common use of Assignments, Participations, etc Clause in Contracts

Assignments, Participations, etc. (a) The Bank may at any time, with the written consent of the Company at all times other than during the existence of an Event of Default, which consent shall not be unreasonably withheld, at any time assign and delegate to one or more Persons (provided that no written consent of the Company shall be required in connection with any assignment and delegation to an Affiliate of the Bank and the costs charged to the Company shall not exceed the costs that would have been charged had the Bank not made such assignment and delegation) (each an "Assignee") all, or any ratable part of all, of the Loans, the Company's reimbursement obligations for Outstanding Letters of Credit, the L/C Obligations, the Bank's commitment to extend credit hereunder, and the other rights and obligations of the Bank hereunder; provided, however, that the Company may continue to deal solely and directly with the Bank in connection with the interest so assigned to an Assignee until written notice of such assignment, together with payment instructions, addresses and related information with respect to the Assignee, shall have been given to the Company by the Bank and the Assignee.

Appears in 2 contracts

Samples: Credit Agreement (Maxxam Group Holdings Inc), Credit Agreement (Maxxam Group Holdings Inc)

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Assignments, Participations, etc. (a) The Bank may at any timeLender may, with the written consent of the Company Borrower at all times other than during the existence of an Event of Default, which consent of the Borrower shall not be unreasonably withheld, at any time assign sell, assign, transfer and delegate to one or more Persons Eligible Assignees (provided that no written consent of the Company Borrower shall be required in connection with any assignment sale, assignment, transfer and delegation by the Lender to an Eligible Assignee that is an Affiliate of the Bank and the costs charged to the Company shall not exceed the costs that would have been charged had the Bank not made such assignment and delegationLender) (each an "β€œAssignee"”) all, or any ratable part of all, of the Loans, the Company's reimbursement obligations for Outstanding Letters of Credit, the L/C Obligations, the Bank's commitment to extend credit hereunder, Commitment and the other rights and obligations of the Bank Lender hereunder; provided, however, that the Company Borrower may continue to deal solely and directly with the Bank Lender in connection with the interest so assigned to an Assignee until written notice of such assignment, together with payment instructions, addresses and related information with respect to the Assignee, shall have been given to the Company Borrower by the Bank Lender and the Assignee.

Appears in 1 contract

Samples: Credit Agreement (Telvent Git S A)

Assignments, Participations, etc. (a) The Bank may at any timemay, with the written consent of the Company at all times other than during the existence of an Event of Default, which consent shall not be unreasonably withheld, at any time assign and delegate to one or more Persons Eligible Assignees (provided that no written consent of the Company shall be required in connection with any assignment and delegation by a Bank to an Eligible Assignee that is an Affiliate of the Bank and the costs charged to the Company shall not exceed the costs that would have been charged had the Bank not made such assignment and delegationBank) (each an "Assignee") all, or any ratable part of all, of the Loans, the Company's reimbursement obligations for Outstanding Letters of Credit, the L/C Obligations, the Bank's commitment to extend credit hereunder, Commitment and the other rights and obligations of the Bank hereunder, in a minimum amount of $10,000,000; provided, however, that the Company may continue to deal solely and directly with the Bank in connection with the interest so assigned to an Assignee until (i) written notice of such assignment, together with payment instructions, addresses and related information with respect to the Assignee, shall have been given to the Company by the Bank and the Assignee; and (ii) the Bank and its Assignee shall have delivered to the Company an Assignment and Acceptance in the form of Exhibit E ("Assignment and Acceptance") together with any Note or Notes subject to such assignment and any tax forms required to be provided by the Assignee under Section 6 of the Assignment and Acceptance.

Appears in 1 contract

Samples: Credit Agreement (Zenith National Insurance Corp)

Assignments, Participations, etc. (a) The Bank may at any timemay, with the written consent of the Company Middleby at all times other than during the existence of an Event of Default, which consent shall not be unreasonably withheld, at any time assign and delegate to one or more Persons Eligible Assignees (provided that no written consent of the Company Middleby shall be required in connection with any assignment and delegation by the Bank to an Eligible Assignee that is an Affiliate of the Bank and the costs charged to the Company shall not exceed the costs that would have been charged had the Bank not made such assignment and delegationBank) (each an "AssigneeASSIGNEE") all, or any ratable part of all, of the Loans, the Company's reimbursement obligations for Outstanding Letters of Credit, the L/C LC Obligations, the Bank's commitment to extend credit hereunder, Commitment and the other rights and obligations of the Bank hereunder; providedPROVIDED, howeverHOWEVER, that the Company Borrowers may continue to deal solely and directly with the Bank in connection with the interest so assigned to an Assignee until written notice of such assignment, together with payment instructions, addresses and related information with respect to the Assignee, shall have been given to the Company Borrowers by the Bank and the AssigneeBank.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Middleby Corp)

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Assignments, Participations, etc. (a) The Bank may at any time, with the prior written consent of the Company at all times other than during the existence of an Event of Default, Default (which consent of the Company, if required, shall not be unreasonably withheld), at any time assign and delegate to one or more Persons Eligible Assignees (provided that no written consent of the Company shall be required in connection with any assignment and delegation by the Bank to an Eligible Assignee that is an Affiliate of the Bank and the costs charged to the Company shall not exceed the costs that would have been charged had the Bank not made such assignment and delegationBank) (each an "Assignee") all, all or any ratable part of all, of the LoansCredit Extensions, the Company's reimbursement obligations for Outstanding Letters of Credit, the L/C Obligations, the Bank's commitment to extend credit hereunder, and Commitments or the other rights rights, interests and obligations of the Bank hereunderhereunder or under any of the other Credit Documents, in a minimum amount of $1,000,000; provided, however, provided that the Company may continue to deal solely and directly with the Bank in connection with the interest so assigned to an Assignee until written notice of such assignment, together with payment instructions, addresses instructions and related address information with respect to the Assignee, shall have been given to the Company by the Bank and the Assignee.

Appears in 1 contract

Samples: Credit Agreement (Efunds Corp)

Assignments, Participations, etc. (a) The Bank may at any time, with the written consent of the Company at all times other than during the existence of an Event of Default, which consent shall not be unreasonably withheld, at any time assign and delegate to one or more Persons (provided that no written consent of the Company shall be required in connection with any assignment and delegation to an Affiliate of the Bank and the costs charged to the Company shall not exceed the costs that would have been charged had the Bank not made such assignment and delegation) (each an "Assignee") all, or any ratable part of all, of the Loans, the Company's reimbursement obligations for Outstanding Letters of Credit, the L/C Letter of Credit Obligations, the Bank's commitment to extend credit hereunder, and the other rights and obligations of the Bank hereunder; provided, however, that the Company may continue to deal solely and directly with the Bank in connection with the interest so assigned to an Assignee until written notice of such assignment, together with payment instructions, addresses and related information with respect to the Assignee, shall have been given to the Company by the Bank and the Assignee.

Appears in 1 contract

Samples: Credit Agreement (Pacific Lumber Co /De/)

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