Common use of Assignments to Affiliates Clause in Contracts

Assignments to Affiliates. Notwithstanding the foregoing provisions of this Section 12, each Bank may at any time sell, assign, transfer, or negotiate all or any part of its Revolving Loan Commitment and Revolving Credit Loans to any Affiliate of such Bank; Provided that an Affiliate to whom such disposition has been made shall not be considered a "Bank" for purposes of this Loan Agreement other than for purposes of Section 10.2 hereof; provided further that the Borrowers shall not incur any additional expenses solely as a result of such sale, assignment, transfer or negotiation.

Appears in 1 contract

Samples: Loan Agreement (Res Care Inc /Ky/)

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Assignments to Affiliates. Notwithstanding the foregoing provisions of this Section 1211, each Bank may at any time sell, assign, transfer, or negotiate all or any part of its Revolving Re-volving Loan Commitment and Revolving Credit Loans to any Affiliate of such Bank; Provided provided that an Affiliate to whom such disposition has been made shall not be considered a "Bank" for purposes of this Loan Agreement other than for purposes of Section 10.2 9.2 hereof; provided further that the Borrowers Borrower shall not incur any additional expenses solely as a result of such sale, assignment, transfer or negotiation.

Appears in 1 contract

Samples: Loan Agreement (Sypris Solutions Inc)

Assignments to Affiliates. Notwithstanding the foregoing provisions of this Section 12, each Bank may at any time sell, assign, transfer, or negotiate all or any part of its Revolving Loan Commitment and Commitment, Revolving Credit Loans and Term Loans to any Affiliate of such Bank; Provided provided that an Affiliate to whom such disposition has been made shall not be considered a "Bank" for purposes of this Loan Agreement other than for purposes of Section 10.2 hereof; provided further that the Borrowers Borrower shall not incur any additional expenses solely as a result of such sale, assignment, transfer or negotiation.

Appears in 1 contract

Samples: Loan Agreement (North Atlantic Trading Co Inc)

Assignments to Affiliates. Notwithstanding the foregoing ------------------------- provisions of this Section 1211, each Bank may at any time sell, assign, transfer, or negotiate all or any part of its Revolving Loan Commitment and Revolving Credit Loans to any Affiliate of such Bank; Provided provided that an Affiliate to whom -------- such disposition has been made shall not be considered a "Bank" for purposes of this Loan Agreement other than for purposes of Section 10.2 9.2 hereof; provided further that the Borrowers Borrower shall not incur any additional ---------------- expenses solely as a result of such sale, assignment, transfer or negotiation.

Appears in 1 contract

Samples: Loan Agreement (Sypris Solutions Inc)

Assignments to Affiliates. Notwithstanding the foregoing provisions of this Section 12, each Bank may at any time sell, assign, transfer, or negotiate all or any part of its Revolving Loan Commitment and Revolving Credit Loans to any Affiliate of such Bank; Provided provided that an Affiliate to whom such disposition has been made shall not be considered a "Bank" for purposes of this Loan Agreement other than for purposes of Section 10.2 hereof; provided further that the Borrowers Borrower shall not incur any additional expenses solely as a result of such sale, assignment, transfer or negotiation.

Appears in 1 contract

Samples: Loan Agreement (North Atlantic Trading Co Inc)

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Assignments to Affiliates. Notwithstanding the foregoing provisions of this Section 12, each Bank may at any time sell, assign, transfer, or negotiate all or any part of its Revolving Loan Commitment and Commitment, Revolving Credit Loans and Term Loans to any Affiliate of such Bank; Provided provided that an Affiliate to whom such disposition has been made shall not be considered a "Bank" for purposes of this Loan Agreement other than for purposes of Section 10.2 hereof; provided further that the Borrowers shall not incur any additional expenses solely as a result of such sale, assignment, transfer or negotiation.

Appears in 1 contract

Samples: Loan Agreement (Group Technologies Corp)

Assignments to Affiliates. Notwithstanding the foregoing provisions of this Section 12, each Bank may at any time sell, assign, transfer, or negotiate all or any part of its Revolving Loan Commitment and Revolving Credit Loans to any Affiliate of such Bank; Provided PROVIDED that an Affiliate to whom such disposition has been made shall not be considered a "Bank" for purposes of this Loan Agreement other than for purposes of Section 10.2 hereof; provided further PROVIDED FURTHER that the Borrowers shall not incur any additional expenses solely as a result of such sale, assignment, transfer or negotiation.

Appears in 1 contract

Samples: Loan Agreement (Res Care Inc /Ky/)

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