Common use of Certain Other Assignments and Participations Clause in Contracts

Certain Other Assignments and Participations. In addition to any other assignment or participation permitted pursuant to this Section 11.6, any Lender may assign and/or pledge all or any portion of its Loans, the other Obligations owed by or to such Lender, and its Notes, if any, to secure obligations of such Lender including, without limitation, any Federal Reserve Bank as collateral security pursuant to Regulation A of the Board of Governors and any operating circular issued by such Federal Reserve Bank and, including further in the case of any Lender that is a fund, any pledge or assignment to any holders of obligations owed, or securities issued, by such Lender including to any trustee for, or any other representative of, such holders; provided, that no Lender, as between Borrowers and such Lender, shall be relieved of any of its obligations hereunder as a result of any such assignment and pledge, and provided further, that in no event shall the applicable Federal Reserve Bank, pledgee or trustee be considered to be a “Lender” or be entitled to require the assigning Lender to take or omit to take any action hereunder.

Appears in 2 contracts

Samples: First Lien Credit and Guaranty Agreement (Solera Holdings, Inc), First Lien Credit and Guaranty Agreement (Solera Holdings LLC)

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Certain Other Assignments and Participations. In addition to any other assignment or participation permitted pursuant to this Section 11.6, 10.06 any Lender may assign and/or pledge (without the consent of the Borrower or the Administrative Agent) all or any portion of its Loans, the other Obligations owed by or to such Lender, and its Notes, if any, to secure obligations of such Lender including, without limitation, any Federal Reserve Bank as collateral security pursuant to Regulation A of the Board of Governors and any operating circular issued by such Federal Reserve Bank Bank, any other obligations to a federal or central bank and, including further in the case of any Lender that which is a fund, any pledge or assignment to any holders of secure obligations owed, owed or securities issuedissued by, by such Lender including to any trustee for, as security for those obligations or any other representative of, such holderssecurity; provided, that no Lender, as between Borrowers the Borrower and such Lender, shall be relieved of any of its obligations hereunder as a result of any such assignment and pledge; provided, and provided further, that in no event shall the applicable Federal Reserve Bank, pledgee or trustee trustee, be considered to be a “Lender” or be entitled to require the assigning Lender to take or omit to take any action hereunder.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Grifols SA), Credit and Guaranty Agreement (Grifols SA)

Certain Other Assignments and Participations. In addition to any other assignment or participation permitted pursuant to this Section 11.611.06, any Lender may may, without the consent of Borrower or Administrative Agent, assign and/or pledge all or any portion of its Loans, the other Obligations owed by or to such Lender, and its Notes, if any, to secure obligations of such Lender including, without limitation, any Federal Reserve Bank as collateral security pursuant to Regulation A of the Board of Governors and any operating circular issued by such Federal Reserve Bank and, including further in the case of any Lender that is a fund, any pledge or assignment to any holders of obligations owed, or securities issued, by such Lender including to any trustee for, or any other representative of, such holdersBank; provided, that no Lender, as between Borrowers Borrower and such Lender, shall be relieved of any of its obligations hereunder as a result of any such assignment and pledge, and provided further, that in no event shall the applicable Federal Reserve Bank, pledgee or trustee be considered to be a “Lender” or be entitled to require the assigning Lender to take or omit to take any action hereunder, until such time as such Federal Reserve Bank, pledgee or trustee has complied with the provisions of this Section 11.06 regarding assignments.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (NewPage CORP)

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Certain Other Assignments and Participations. In addition to any other assignment or participation permitted pursuant to this Section 11.610.6, any Lender may assign and/or pledge all or any portion of its Loans, the other Obligations owed by or to such Lender, and its Notes, if any, to secure obligations of such Lender including, without limitation, any Federal Reserve Bank as collateral security pursuant to Regulation A of the Board of Governors and any operating circular issued by such Federal Reserve Bank and, including further in the case of any Lender that is a fund, any pledge or assignment to any holders of obligations owed, or securities issued, by such Lender including to any trustee for, or any other representative of, such holders; provided, that no Lender, as between Borrowers the Borrower and such Lender, shall be relieved of any of its obligations hereunder as a result of any such assignment and pledge, and provided further, that in no event shall the applicable Federal Reserve Bank, pledgee or trustee be considered to be a “Lender” or be entitled to require the assigning Lender to take or omit to take any action hereunder.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Solera Holdings, Inc)

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