Common use of Effect of Assignment Clause in Contracts

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Assumption, have the rights and obligations of a Lender thereunder and under the other Loan Documents and (ii) the Assignor shall, to the extent provided in this Assignment and Assumption, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan Documents.

Appears in 29 contracts

Samples: Revolving Credit Agreement (CF Industries Holdings, Inc.), Revolving Credit Agreement (Block, Inc.), Revolving Credit Agreement (CF Industries Holdings, Inc.)

AutoNDA by SimpleDocs

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the [the][each] Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and AssumptionAssignment, have the rights and obligations of a Lender thereunder and under the other Loan Credit Documents and (ii) the [the][each] Assignor shall, to the extent provided in this Assignment and AssumptionAssignment, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan Credit Documents.

Appears in 22 contracts

Samples: Amendment Agreement (Lee Enterprises, Inc), Credit Agreement (Urban One, Inc.), Credit Agreement (International Money Express, Inc.)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the [the] [each] Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and AssumptionAssignment, have the rights and obligations of a Lender thereunder and under the other Loan Credit Documents and (ii) the [the] [each] Assignor shall, to the extent provided in this Assignment and AssumptionAssignment, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan Credit Documents.

Appears in 10 contracts

Samples: Credit Agreement (Wynn Resorts LTD), Credit Agreement (Dole Food Co Inc), Credit Agreement (Dole Food Co Inc)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the [the][each] Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and AssumptionAssignment, have the rights and obligations of a Lender thereunder and under the other Loan Documents and (ii) the [the][each] Assignor shall, to the extent provided in this Assignment and AssumptionAssignment, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan Documents.

Appears in 9 contracts

Samples: Amendment No. 3 (Informatica Inc.), Second Lien Credit and Guaranty Agreement (Informatica Inc.), Credit Agreement (Alliance HealthCare Services, Inc)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the Assignee shall be a party to the Credit Agreement and, to the extent of the Assigned Interest and as provided in this Assignment and Assumption, have the rights and obligations of a Lender thereunder and under the other Loan Documents and (ii) the Assignor shall, to the extent provided in this Assignment and Assumption, the Credit Agreement and the other Loan Documents, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan DocumentsDocuments to the extent of the Assigned Interest.

Appears in 9 contracts

Samples: Revolving Credit Agreement (CDK Global, Inc.), Revolving Credit Agreement (CDK Global, Inc.), Term Loan Credit Agreement (CDK Global, Inc.)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the Assignee shall be a party to the Credit Agreement and, to the extent of the Assigned Interest and as provided in this Assignment and Assumption, have the rights and obligations of a Lender thereunder and under the other Loan Documents and (ii) the Assignor shall, to the extent as provided in this Assignment and Assumption, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan DocumentsDocuments to the extent of the Assigned Interest.

Appears in 7 contracts

Samples: Revolving Credit and Guaranty Agreement (DoorDash, Inc.), Revolving Credit and Guaranty Agreement (DoorDash, Inc.), Revolving Credit and Guaranty Agreement (Coupang, Inc.)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective DateDate referred to in this Assignment and Assumption, (i) the Assignee shall be a party to the Credit Term Loan Agreement and, to the extent provided in this Assignment and Assumption, have the rights and obligations of a Lender thereunder and under the other Loan Documents and (ii) the Assignor shall, to the extent provided in this Assignment and Assumption, relinquish its rights and be released from its obligations under the Credit Term Loan Agreement and the other Loan Documents.

Appears in 5 contracts

Samples: Term Loan Agreement (Uber Technologies, Inc), Term Loan Agreement (Uber Technologies, Inc), Term Loan Agreement (Uber Technologies, Inc)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective DateDate referred to in this Assignment and Assumption, (i) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Assumption, have the rights and obligations of a Lender thereunder and under the other Loan Documents and (ii) the Assignor shall, to the extent provided in this Assignment and Assumption, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan Documents.

Appears in 5 contracts

Samples: Revolving Credit Agreement (SoFi Technologies, Inc.), Revolving Credit Agreement (Uber Technologies, Inc), Revolving Credit Agreement (Uber Technologies, Inc)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective DateDate referred to in this Affiliated Assignment and Assumption, (i) the Loans assigned to the Assignee hereunder shall be a party to the Credit Agreement and, to the extent provided in this Assignment automatically and Assumption, have the rights permanently cancelled and obligations of a Lender thereunder and will thereafter no longer be outstanding for any purpose under the other Term Loan Documents Agreement and (ii) the Assignor shall, to the extent provided in this Assignment and Assumption, relinquish its rights and be released from its obligations under the Credit Term Loan Agreement and the other Loan Documents.

Appears in 4 contracts

Samples: Term Loan Agreement (Uber Technologies, Inc), Term Loan Agreement (Uber Technologies, Inc), Term Loan Agreement (Uber Technologies, Inc)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (ia) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and AssumptionAssignment, have the rights and obligations of a Lender thereunder and under the other Loan Credit Documents and (iib) the Assignor shall, to the extent provided in this Assignment and AssumptionAssignment, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan Documents.

Appears in 4 contracts

Samples: Credit Agreement (Dayforce, Inc.), Credit Agreement (Ceridian HCM Holding Inc.), Credit Agreement (Ceridian HCM Holding Inc.)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the Assignee shall be a party to the Credit Agreement and, to the extent of the Assigned Interest and as provided in this Assignment and Assumption, have the rights and obligations of a Lender thereunder and under the other Loan Documents and (ii) the Assignor shall, to the extent provided in this Assignment and AssumptionAssumption and the Credit Agreement, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan DocumentsDocuments to the extent of the Assigned Interest.

Appears in 4 contracts

Samples: Credit Agreement (Ameren Illinois Co), Credit Agreement (Ameren Illinois Co), Credit Agreement (Union Electric Co)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the Assignee shall be a party to the Credit Loan Agreement and, to the extent provided in this Assignment and AssumptionAssignment, shall have the rights and obligations of a Lender thereunder and under the other Loan Transaction Documents and (ii) the Assignor shall, to the extent provided in this Assignment and Assumption, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan Transaction Documents.

Appears in 3 contracts

Samples: Senior Unsecured Dutch Loan Agreement (Cemex Sab De Cv), Senior Unsecured Maturity Loan Agreement (Cemex Sab De Cv), Senior Unsecured Maturity Loan Agreement (Cemex Sab De Cv)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the [the][each] Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Assumption, have the rights and obligations of a Lender thereunder and under the other Loan Credit Documents and (ii) the [the][each] Assignor shall, to the extent provided in this Assignment and Assumption, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (Atlantic Power Corp), Credit Agreement (Atlantic Power Corp), Credit Agreement (Atlantic Power Corp)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the [the][each] Assignee shall be a party to the Credit Loan Agreement and, to the extent provided in this Assignment and AssumptionAssignment, have the rights and obligations of a Lender thereunder and under the other Loan Credit Documents and (ii) the [the][each] Assignor shall, to the extent provided in this Assignment and AssumptionAssignment, relinquish its rights and be released from its obligations under the Credit Loan Agreement and the other Loan Credit Documents.

Appears in 2 contracts

Samples: Second Lien Loan Agreement (Lee Enterprises, Inc), Second Lien Loan Agreement (Lee Enterprises, Inc)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (ia) the [the] [each] Assignee shall be a party to the Credit Revolving Loan Agreement and, to the extent provided in this Assignment and AssumptionAgreement, have the rights and obligations of a Lender thereunder and under the other Loan Facility Documents and (iib) the [the] [each] Assignor shall, to the extent provided in this Assignment and AssumptionAgreement, relinquish its rights and be released from its obligations under the Credit Revolving Loan Agreement and the other Loan Facility Documents.

Appears in 2 contracts

Samples: Revolving Loan Agreement (CURO Group Holdings Corp.), Revolving Loan Agreement (CURO Group Holdings Corp.)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the [the][each] Assignee shall be a party to the Term Loan Credit Agreement and, to the extent provided in this Assignment and AssumptionAssignment, have the rights and obligations of a Lender thereunder and under the other Loan Credit Documents and (ii) the [the][each] Assignor shall, to the extent provided in this Assignment and AssumptionAssignment, relinquish its rights and be released from its obligations under the Term Loan Credit Agreement and the other Loan Credit Documents.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (AdvancePierre Foods Holdings, Inc.), Term Loan Credit Agreement (AdvancePierre Foods Holdings, Inc.)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and AssumptionAssignment, have the rights and obligations of a Lender thereunder and under the other Loan Credit Documents and (ii) the Assignor shall, to the extent provided in this Assignment and AssumptionAssignment, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Univision Holdings, Inc.), Credit Agreement (Univision Communications Inc)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the [the][each] Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and AssumptionAssignment, have the rights and obligations of a Lender thereunder and under the other Loan Documents Credit Documents, and (ii) the [the][each] Assignor shall, to the extent provided in this Assignment and AssumptionAssignment, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan Credit Documents.

Appears in 1 contract

Samples: Credit Agreement (Town Sports International Holdings Inc)

Effect of Assignment. Upon the delivery of a fully executed original hereof and the delivery of the other requirements under Section 9.04(e) of the Credit Agreement to the Administrative Agent, as of the Effective Date, (i) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and AssumptionAssignment, have the rights and obligations of a Lender thereunder and under the other Loan Credit Documents and (ii) the Assignor shall, to the extent provided in this Assignment and AssumptionAssignment, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Nuveen Investments Inc)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Assignment Date, (i) the [the][each] Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and AssumptionAssignment, have the rights and obligations of a Lender thereunder and under the other Loan Documents and (ii) the [the][each] Assignor shall, to the extent provided in this Assignment and AssumptionAssignment, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Abl Credit Agreement (AbitibiBowater Inc.)

AutoNDA by SimpleDocs

Effect of Assignment. Upon the delivery of a fully executed original electronic copy hereof to the Administrative Agent, as of the Effective Date, (i) the [the] [each] Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and AssumptionAssignment, have the rights and obligations of a Lender thereunder and under the other Loan Documents Credit Documents, and (ii) the [the][each] Assignor shall, to the extent provided in this Assignment and AssumptionAssignment, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan Credit Documents.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Arc Document Solutions, Inc.)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the [the] [each] Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and AssumptionAssignment, have the rights and obligations of a Lender thereunder and under the other Loan Documents and (ii) the [the] [each] Assignor shall, to the extent provided in this Assignment and AssumptionAssignment, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Second Lien Term Loan Credit Agreement (RSC Holdings Inc.)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the Assignee shall be a party to the Credit Agreement and, to the extent of the Assigned Loan Interest and as provided in this Assignment and Assumption, have the rights and obligations of a Lender thereunder and under the other Loan Documents and (ii) the Assignor shall, to the extent as provided in this Assignment and Assumption, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan DocumentsDocuments to the extent of the Assigned Loan Interest.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (DoorDash, Inc.)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, Date (i) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and AssumptionAcceptance, have the rights and obligations of a Lender thereunder and under the other Loan Documents and (ii) the Assignor shall, to the extent provided in this Assignment and AssumptionAcceptance, relinquish its rights rights, and be released relieved from its obligations obligations, under the Credit Agreement and the other Loan Documentsdocuments and instruments delivered pursuant thereto.

Appears in 1 contract

Samples: Subordinated Delayed Draw Credit Agreement (Gencorp Inc)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the Assignee shall be a party to the Credit Loan Agreement and, to the extent provided in this Assignment and AssumptionAssignment, shall have the rights and obligations obliga­tions of a Lender thereunder and under the other Loan Transaction Documents and (ii) the Assignor shall, to the extent provided in this Assignment and Assumption, relinquish re­linquish its rights and be released from its obligations under the Credit Agreement and the other Loan Transaction Documents.

Appears in 1 contract

Samples: Senior Unsecured Dutch Loan Agreement (Cemex Sab De Cv)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the Assignee shall be a party to the Credit Facility Agreement and, to the extent provided in this Assignment and AssumptionAssignment, have the rights and obligations of a Lender thereunder and under the other Loan Credit Documents and (ii) the Assignor shall, to the extent provided in this Assignment and AssumptionAssignment, relinquish its rights and be released from its obligations under the Credit Facility Agreement and the other Loan Credit Documents.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Toys R Us Inc)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the [the][each] Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and AssumptionAssignment, have the rights and obligations obliga-tions of a Lender thereunder and under the other Loan Credit Documents and (ii) the [the][each] Assignor shall, to the extent provided in this Assignment and AssumptionAssignment, relinquish re-linquish its rights and be released from its obligations under the Credit Agreement and the other Loan Credit Documents.

Appears in 1 contract

Samples: Amendment Agreement (Lee Enterprises, Inc)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and AssumptionAssignment, have the rights and obligations of a Lender thereunder and under the other Loan Credit Documents and (ii) the Assignor shall, to the extent provided in this Assignment and AssumptionAssignment, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan Credit Documents.

Appears in 1 contract

Samples: Credit Agreement (Flowers Foods Inc)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the [the][each] Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and AssumptionAssignment, have the rights and obligations obliga­tions of a Lender thereunder and under the other Loan Credit Documents and (ii) the [the][each] Assignor shall, to the extent provided in this Assignment and AssumptionAssignment, relinquish re­linquish its rights and be released from its obligations under the Credit Agreement and the other Loan Credit Documents.

Appears in 1 contract

Samples: Credit Agreement (Lee Enterprises, Inc)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the [the][each] Assignee shall be a party to the Credit Term Loan Agreement and, to the extent provided in this Assignment and AssumptionAssignment, have the rights and obligations of a Lender thereunder and under the other Loan Documents and (ii) the [the][each] Assignor shall, to the extent provided in this Assignment and AssumptionAssignment, relinquish its rights and be released from its obligations under the Credit Term Loan Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Term Loan Agreement (TAL International Group, Inc.)

Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date, (i) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Assumption, have the rights and obligations of a Lender thereunder and under the other Loan Documents and (ii) the each Assignor shall, to the extent provided in this Assignment and Assumption, relinquish its rights and be released from its obligations under the Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Master Assignment and Assumption (Fluence Energy, Inc.)

Effect of Assignment. Upon the delivery of a fully full executed original hereof to the Administrative Agent, as of the Effective Date, (i) the [the][each] Assignee shall be a party to the Credit Loan Agreement and, to the extent provided in this Assignment and AssumptionAssignment, have the rights and obligations of a Lender thereunder and under the other Loan Documents and (ii) the Assignor shall, to the extent provided in this Assignment and AssumptionAssignment, relinquish its rights and be released from its obligations under the Credit Loan Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Morgans Hotel Group Co.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!