Common use of Assignments to Borrower Clause in Contracts

Assignments to Borrower. Notwithstanding anything to the contrary contained in this Section 9.04 or any other provision of this Agreement, so long as no Default or Event of Default has occurred and is continuing or would result therefrom, each Lender shall have the right at any time to sell, assign or transfer all or a portion of its Loans, owing to it to Borrower or any of its Subsidiaries on a non-pro rata basis, subject to the following limitations:

Appears in 2 contracts

Samples: Credit Agreement (Eastman Kodak Co), Credit Agreement (Eastman Kodak Co)

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Assignments to Borrower. Notwithstanding anything to the contrary contained in this Section 9.04 10.6 or any other provision of this Agreement, so long as no Default or Event of Default has occurred and is continuing or would result therefrom, each Lender shall have the right at any time to sell, assign or transfer all or a portion of its Loans, Loans owing to it to Borrower or any of its Subsidiaries on a non-pro rata basisbasis (provided, however, that each assignment shall be of a uniform, and not varying, percentage of all rights and obligations under and in respect of any applicable Loan), subject to the following limitations:

Appears in 2 contracts

Samples: Intercreditor Agreement (Alion Science & Technology Corp), Assignment and Assumption Agreement (Alion Science & Technology Corp)

Assignments to Borrower. Notwithstanding anything to the contrary contained in this Section 9.04 10.06 or any other provision of this Agreement, so long as no Default or Event of Default has occurred and is continuing or would result therefrom, each Term Lender shall have the right at any time to sell, assign or transfer all or a portion of its Loans, Commitment or Term Loans owing to it to the Borrower or any of its Subsidiaries on a non-pro rata basis, basis subject to the following limitations:

Appears in 2 contracts

Samples: Credit Agreement (Callaway Golf Co), Credit Agreement (Callaway Golf Co)

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Assignments to Borrower. Notwithstanding anything to the contrary contained in this Section 9.04 14.3 or any other provision of this Agreement, so long as no Default or Event of Default has occurred and is continuing or would result therefrom, each Lender shall have the right at any time to sell, assign or transfer all or a portion of its Loans, Commitment or Loans owing to it to Borrower or any of its Subsidiaries on a non-pro rata basisbasis (provided, however, that each assignment shall be of a uniform, and not varying, percentage of all rights and obligations under and in respect of any applicable Loan and any related Commitments), subject to the following limitations:

Appears in 1 contract

Samples: Term Loan and Security Agreement (DXP Enterprises Inc)

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