Common use of Deliveries in Connection with Assignment Clause in Contracts

Deliveries in Connection with Assignment. The parties to each assignment under this Section 9.2 shall execute and deliver to the Agent, for its acceptance and recording, an Assignment and Acceptance, and the assignee, if a Non-U.S. Person, shall deliver to the Borrower, the Agent and each Counter-Guarantor (if such assignment is of Tranche B), on or prior to the date of the assignment, two completed copies of IRS Form W-9, W-8BEN or W-8ECI or other applicable form, certificate or documexx xxxxxxxx to satisfy the requirements of Section 2.11. Upon such execution, delivery and acceptance and the receipt by the Agent of an assignment fee in the amount of $3,500 (which fee shall be payable by the assignor, or if the assignor is the Board, the Borrower), the Agent shall record such Assignment and Acceptance and from and after the effective date specified in such Assignment and Acceptance (i) the assignee thereunder of all or any portion of the Loan shall become a party hereto and, to the extent that rights and obligations under the Loan Documents have been assigned to such assignee pursuant to such Assignment and Acceptance, have the rights and obligations of a Lender and (ii) the assignor thereunder shall, to the extent that rights and obligations under this Agreement have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (except those rights with respect to indemnification which survive the payment in full of the Obligations) and be released from its obligations under the Loan Documents, other than those relating to events or circumstances occurring prior to such assignment (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender's rights and obligations under the Loan Documents, such Lender shall cease to be a party hereto).

Appears in 1 contract

Samples: Loan Agreement (Us Airways Group Inc)

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Deliveries in Connection with Assignment. The parties to each assignment under this Section 9.2 shall execute and deliver to the Agent, for its acceptance and recording, an Assignment and Acceptance, and the assignee, if a Non-U.S. Person, shall deliver to the Borrower, Borrower and the Agent and each Counter-Guarantor (if such assignment is of Tranche B)Agent, on or prior to the date of the assignment, two completed copies of IRS Form W-9, W-8BEN or W-8ECI or other applicable form, certificate or documexx xxxxxxxx to satisfy the requirements of Section 2.11. Upon such execution, delivery and acceptance and the receipt by the Agent of an assignment fee in the amount of $3,500 (which fee shall be payable by the assignor, or if the assignor is the Board, the Borrower), the Agent shall record such Assignment and Acceptance and from and after the effective date specified in such Assignment and Acceptance (i) the assignee thereunder of all or any portion of the Loan shall become a party hereto and, to the extent that rights and obligations under the Loan Documents have been assigned to such assignee pursuant to such Assignment and Acceptance, have the rights and obligations of a Lender and (ii) the assignor thereunder shall, to the extent that rights and obligations under this Agreement have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (except those rights with respect to indemnification which survive the payment in full of the Obligations) and be released from its obligations under the Loan Documents, other than those relating to events or circumstances occurring prior to such assignment (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender's rights and obligations under the Loan Documents, such Lender shall cease to be a party hereto).

Appears in 1 contract

Samples: Loan Agreement (Us Airways Group Inc)

Deliveries in Connection with Assignment. The parties to each assignment under this Section 9.2 shall execute and deliver to the Agent, for its acceptance and recording, an Assignment and Acceptance, and the assignee, if a Non-U.S. Person, shall deliver to the Borrower, Borrower and the Agent and each Counter-Guarantor (if such assignment is of Tranche B), on or prior to the date of the assignment, two completed copies of either IRS Form W-9, W-8BEN or W-8ECI or other applicable form, certificate or documexx xxxxxxxx document required to satisfy the requirements of Section 2.11. Upon such execution, delivery and acceptance and the receipt by the Agent of an assignment fee in the amount of $3,500 (except that so long as Citibank, N.A. is the Agent, no fee shall be payable in connection with any assignment to any affiliate of Citibank, N.A.), which fee shall be payable by the assignor, or if the assignor is the Board, by the Borrower), the Agent shall record such Assignment and Acceptance and from and after the effective date specified in such Assignment and Acceptance (i) the assignee thereunder of all or any portion of the Loan shall become a party hereto and, to the extent that rights and obligations under the Loan Documents have been assigned to such assignee pursuant to such Assignment and Acceptance, have the rights and obligations of a Lender and (ii) the assignor thereunder shall, to the extent that rights and obligations under this Agreement have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (except those rights with respect to indemnification which survive the payment in full of the Obligations) and be released from its obligations under the Loan Documents, other than those relating to events or circumstances occurring prior to such assignment (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender's ’s rights and obligations under the Loan Documents, such Lender shall cease to be a party hereto).

Appears in 1 contract

Samples: Loan Agreement

Deliveries in Connection with Assignment. The parties to each assignment under this Section 9.2 shall execute and deliver to the Agent, for its acceptance and recording, an Assignment and Acceptance, and the assignee, if a Non-U.S. Person, shall deliver to the Borrower, the Agent and each Counter-Guarantor (if such assignment is of Tranche B), on or prior to the date of the assignment, two completed copies of IRS Form W-9, W-8BEN or W-8ECI or other applicable form, certificate or documexx xxxxxxxx docuxxxx xxxxxxed to satisfy the requirements of Section 2.11. Upon such execution, delivery and acceptance and the receipt by the Agent of an assignment fee in the amount of $3,500 (which fee shall be payable by the assignor, or if the assignor is the Board, the Borrower), the Agent shall record such Assignment and Acceptance and from and after the effective date specified in such Assignment and Acceptance (i) the assignee thereunder of all or any portion of the Loan shall become a party hereto and, to the extent that rights and obligations under the Loan Documents have been assigned to such assignee pursuant to such Assignment and Acceptance, have the rights and obligations of a Lender and (ii) the assignor thereunder shall, to the extent that rights and obligations under this Agreement have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (except those rights with respect to indemnification which survive the payment in full of the Obligations) and be released from its obligations under the Loan Documents, other than those relating to events or circumstances occurring prior to such assignment (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender's rights and obligations under the Loan Documents, such Lender shall cease to be a party hereto).

Appears in 1 contract

Samples: Loan Agreement (Us Airways Group Inc)

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Deliveries in Connection with Assignment. The parties to each assignment under this Section 9.2 shall execute and deliver to the Agent, for its acceptance and recording, an Assignment and Acceptance, and the assignee, if a Non-U.S. Person, shall deliver to the Borrower, Borrower and the Agent and each Counter-Guarantor (if such assignment is of Tranche B)Agent, on or prior to the date of the assignment, two completed copies of IRS Form W-9X-0, W-8BEN X-0XXX or W-8ECI or other applicable form, certificate or documexx xxxxxxxx document required to satisfy the requirements of Section 2.112.12. Upon such execution, delivery and acceptance and the receipt by the Agent of an assignment fee in the amount of $3,500 10,000 (which fee shall be payable by the assignor, or if the assignor is the Board, the Borrower), the Agent shall record such Assignment and Acceptance and from and after the effective date specified in such Assignment and Acceptance (i) the assignee thereunder of all or any portion of the Loan shall become a party hereto and, to the extent that rights and obligations under the Loan Documents have been assigned to such assignee pursuant to such Assignment and Acceptance, have the rights and obligations of a Lender and (ii) the assignor thereunder shall, to the extent that rights and obligations under this Agreement have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (except those rights with respect to indemnification which survive the payment in full of the Obligations) and be released from its obligations under the Loan Documents, other than those relating to events or circumstances occurring prior to such assignment (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender's rights and obligations under the Loan Documents, such Lender shall cease to be a party hereto).

Appears in 1 contract

Samples: Loan Agreement (Us Airways Inc)

Deliveries in Connection with Assignment. The parties to each assignment under this Section 9.2 shall execute and deliver to the Agent, for its acceptance and recording, an Assignment and Acceptance, and the assignee, if a Non-U.S. Person, shall deliver to the Borrower, Borrower and the Agent and each Counter-Guarantor (if such assignment is of Tranche B)Agent, on or prior to the date of the assignment, two completed copies of IRS Form W-9, W-8BEN or W-8ECI or other applicable form, certificate or documexx xxxxxxxx docuxxxx xxxxxxed to satisfy the requirements of Section 2.11. Upon such execution, delivery and acceptance and the receipt by the Agent of an assignment fee in the amount of $3,500 (which fee shall be payable by the assignor, or if the assignor is the Board, the Borrower), the Agent shall record such Assignment and Acceptance and from and after the effective date specified in such Assignment and Acceptance (i) the assignee thereunder of all or any portion of the Loan shall become a party hereto and, to the extent that rights and obligations under the Loan Documents have been assigned to such assignee pursuant to such Assignment and Acceptance, have the rights and obligations of a Lender and (ii) the assignor thereunder shall, to the extent that rights and obligations under this Agreement have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (except those rights with respect to indemnification which survive the payment in full of the Obligations) and be released from its obligations under the Loan Documents, other than those relating to events or circumstances occurring prior to such assignment (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender's rights and obligations under the Loan Documents, such Lender shall cease to be a party hereto).

Appears in 1 contract

Samples: Loan Agreement (Us Airways Group Inc)

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