Common use of Effect of Loan Assignment Clause in Contracts

Effect of Loan Assignment. Each Assignee to which FINOVA makes a Loan Assignment, and each subsequent Assignee, to the extent of such Loan Assignment, shall have the same rights, benefits and obligations under the Loan Instruments as such Assignee would have had if such Assignee were an original party to the Loan Instruments. Borrowers shall not incur any costs or expenses in connection with any Loan Assignment.

Appears in 3 contracts

Samples: Loan Agreement (Security Associates International Inc), Loan Agreement (Security Associates International Inc), Loan Agreement (Security Associates International Inc)

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Effect of Loan Assignment. Each Assignee to which FINOVA makes a Loan Assignment, and each subsequent Assignee, to the extent of such Loan Assignment, shall have the same rights, benefits and obligations under the Loan Instruments as such Assignee would have had if such Assignee were an original party to the Loan Instruments. Borrowers shall not incur any costs or expenses in connection with any Loan Assignment.

Appears in 1 contract

Samples: Loan Agreement (Scott Cable Communications Inc)

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