Common use of Effect of this Assignment Agreement Clause in Contracts

Effect of this Assignment Agreement. On and after the Assignment Effective Date, (a) each Assignee Lender shall be a Lender with a Commitment equal to the Commitment set forth under the caption "Commitment After Assignment" opposite such Assignee Lender's name on Attachment 1 hereto and a corresponding Proportionate Share and shall have the rights, duties and obligations of such a Lender under the Credit Agreement and the other Credit Documents and (b) Assignor Lender shall be a Lender with a Commitment equal to the Commitment set forth under the caption "Commitment After Assignment" opposite Assignor Lender's name on Attachment 1 hereto a corresponding Commitment and shall have the rights, duties and obligations of such a Lender under the Credit Agreement and the other Credit Documents, or, if the Commitment of Assignor Lender has been reduced to $0, Assignor Lender shall cease to be a Lender and shall have no further obligation to make any Loans.

Appears in 1 contract

Samples: Credit Agreement (Silicon Valley Group Inc)

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Effect of this Assignment Agreement. On and after the Assignment Effective Date, (a) each Assignee Lender shall be a Lender with a Commitment Revolving Loan Commitment, Closing Date Term Loan, Incremental Term Loan and corresponding Proportionate Shares equal to the Commitment that set forth under the caption "Commitment After Assignment" Column 2 opposite such Assignee Lender's ’s name on Attachment 1 hereto and a corresponding Proportionate Share and shall have the rights, duties and obligations of such a Lender under the Credit Agreement and the other Credit Documents and (b) Assignor Lender shall be a Lender with a Commitment Revolving Loan Commitment, Closing Date Term Loan, Incremental Term Loan and corresponding Proportionate Shares equal to the Commitment that set forth under the caption "Commitment After Assignment" Column 2 opposite Assignor Lender's ’s name on Attachment 1 hereto a corresponding Commitment hereto, and shall have the rights, duties and obligations of such a Lender under the Credit Agreement and the other Credit Documents, Documents or, if the Commitment Revolving Loan Commitment, Closing Date Term Loan, or Incremental Term Loan of Assignor Lender has been reduced to $0, Assignor Lender shall cease to be a Lender and shall have no further obligation to make any Loans.

Appears in 1 contract

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

Effect of this Assignment Agreement. On and after the Assignment ----------------------------------- Effective Date, (a) each Assignee Lender shall be a Lender with a pro rata share of the Revolving Commitment equal to the Commitment pro rata share set forth under the caption "Commitment Pro Rata Share After Assignment" opposite such Assignee Lender's name on Attachment 1 I hereto and shall have the rights, duties and obligations of such ------------ a corresponding Proportionate Lender under the Credit Agreement and the other Loan Documents and (b) Assignor Lender shall be a Lender with a pro rata share of the Revolving Commitment equal to the pro rata share set forth under the caption "Pro Rata Share After Assignment" opposite Assignor Lender's name on Attachment I hereto ------------ and shall have the rights, duties and obligations of such a Lender under the Credit Agreement and the other Credit Documents and (b) Assignor Lender shall be a Lender with a Commitment equal to the Commitment set forth under the caption "Commitment After Assignment" opposite Assignor Lender's name on Attachment 1 hereto a corresponding Commitment and shall have the rights, duties and obligations of such a Lender under the Credit Agreement and the other Credit Loan Documents, or, if the pro rata share of the Revolving Commitment of Assignor Lender has been reduced to $0%, Assignor Lender shall cease to be a Lender and shall have no further obligation to make any Loans.

Appears in 1 contract

Samples: Credit Agreement (Bei Technologies Inc)

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Effect of this Assignment Agreement. On and after the Assignment Effective Date, (a) each Assignee Lender shall be a Lender with a Commitment Commitments and Loans equal to the Commitment Commitments and Loans set forth under the caption "Commitment “Commitments or Loans After Assignment" opposite such Assignee Lender's ’s name on Attachment 1 hereto and a corresponding Proportionate Share Shares and shall have the rights, duties and obligations of such a Lender under the Credit Agreement and the other Credit Documents and (b) Assignor Lender shall be a Lender with a Commitment Commitments and Loans equal to the Commitment Commitments and Loans set forth under the caption "Commitment “Commitments or Loans After Assignment" opposite Assignor Lender's ’s name on Attachment 1 hereto a and corresponding Commitment Proportionate Shares and shall have the rights, duties and obligations of such a Lender under the Credit Agreement and the other Credit Documents, or, if the Commitment Commitments and Loans of Assignor Lender has have been reduced to $0, Assignor Lender shall cease to be a Lender and shall have no further obligation to make any Loans.

Appears in 1 contract

Samples: Credit Agreement (Adobe Systems Inc)

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