Common use of Certain Assignees Clause in Contracts

Certain Assignees. No assignment or participation may be made to Parent, an Obligor, an Affiliate of an Obligor or Parent (including Xxx Xxxxxxx and the Xxxxxxx Family), a Defaulting Lender or one or more natural persons (or a holding company, investment vehicle or trust for, or owned and operating for the primary benefit of, a natural person). Agent shall have no obligation to determine whether any assignment is permitted under the Loan Documents. Any assignment by a Defaulting Lender must be accompanied by satisfaction of its outstanding obligations under the Loan Documents in a manner satisfactory to Agent, including payment by the Defaulting Lender or Eligible Assignee of an amount sufficient upon distribution (through direct payment, purchases of participations or other methods acceptable to Agent in its discretion) to satisfy all funding and payment liabilities of the Defaulting Lender. If any assignment by a Defaulting Lender (by operation of law or otherwise) does not comply with the foregoing, the assignee shall be deemed a Defaulting Lender for all purposes until compliance occurs.

Certain Assignees. No assignment or participation may be made to Parenta Borrower, an Obligor, an Affiliate of an Obligor or Parent (including Xxx Xxxxxxx and the Xxxxxxx Family)a Borrower, a Defaulting Lender or one or more natural persons (or a holding company, investment vehicle or trust for, or owned and operating for the primary benefit of, a natural person). Agent shall have no obligation to determine whether any assignment is permitted under the Loan Documents. Any assignment by a Defaulting Lender must shall be effective only uponmust be accompanied by satisfaction of its outstanding obligations under the Loan Documents in a manner satisfactory to Agent, including payment by the Eligible Assignee or Defaulting Lender or Eligible Assignee to Agent of an aggregate amount sufficient sufficient, upon distribution (through direct payment, purchases of participations or other methods compensating actions as Agent deems appropriatemethods acceptable to Agent in its discretion) ), to satisfy all funding and payment liabilities of then owing byof the Defaulting LenderLender hereunder. If any anany assignment by a Defaulting Lender (by shall become effective under Applicable Law for any reason without compliance(by operation of law or otherwise) does not comply with the foregoingforegoing sentence, then the assignee shall be deemed a Defaulting Lender for all purposes until such compliance occurs.

Certain Assignees. No assignment or participation may be made to Parent, an Obligor, an Affiliate of an Obligor Obligor, Defaulting Lender, natural person or, except during the occurrence and continuance of an Event of Default under Section 11.1(a) or Parent (including Xxx Xxxxxxx and the Xxxxxxx FamilySection 11.1(j), a Defaulting Lender or one or more natural persons (or a holding company, investment vehicle or trust for, or owned and operating for the primary benefit of, a natural person)any Disqualified Institution. Agent shall have no obligation to determine whether any assignment is permitted under the Loan DocumentsDocuments or whether any assignment has been properly effectuated pursuant to this Agreement. Any assignment by a Defaulting Lender must be accompanied by satisfaction of its outstanding obligations under the Loan Documents in a manner satisfactory to Agent, including payment by the Defaulting Lender or Eligible Assignee of an amount sufficient upon distribution (through direct payment, purchases of participations or other methods acceptable to Agent in its discretion) to satisfy all funding and payment liabilities of the Defaulting Lender. If any assignment by a Defaulting Lender (by operation of law or otherwise) does not comply with the foregoing, the assignee shall be deemed a Defaulting Lender for all purposes until compliance occurs.