Common use of Effect of Transfer Clause in Contracts

Effect of Transfer. From and after any transfer effected in accordance with this Section 10, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor shall remain liable hereunder and under such other documents to the extent that the transferee shall not have assumed the obligations of the transferor thereunder. Upon any transfer by the Owner Trustee, a Holder or a Lender as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Holder or the Lender, as the case may be, and shall be deemed an "Owner Trustee", "Holder", or "Lender", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.

Appears in 15 contracts

Samples: Participation Agreement (Sunrise Assisted Living Inc), Participation Agreement (Performance Food Group Co), Participation Agreement (Healthsouth Corp)

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Effect of Transfer. From and after any transfer effected in accordance with this Section 1012, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor Holder shall remain liable hereunder and under such other documents Article XI of the Trust Agreement to the extent that the transferee Holder shall not have assumed the obligations of the transferor Holder thereunder. Upon any transfer by the Owner Trustee, Trustee or a Holder or a Lender as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Holder Trustee and Lessor or the Lenderobligations of a Holder, as the case may be, and shall be deemed an "Owner Trustee", "Holder", Lessor" or "LenderHolder", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 1012, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including including, without limitation limitation, rights to indemnification under any such document.

Appears in 5 contracts

Samples: Participation Agreement (Wackenhut Corrections Corp), Participation Agreement (Healthsouth Corp), Participation Agreement (Wackenhut Corrections Corp)

Effect of Transfer. From and after any transfer effected in accordance with this Section 10, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor shall remain liable hereunder and under such other documents to the extent that the transferee shall not have assumed the obligations of the transferor thereunder. Upon any transfer by the Owner Trustee, a Holder Lessor or a Lender any other Primary Financing Party as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Holder Lessor or the Lendersuch Primary Financing Party, as the case may be, and shall be deemed an the "Owner TrusteeLessor" and/or a ", "Holder", or "LenderPrimary Financing Party", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.

Appears in 2 contracts

Samples: Participation Agreement (Cypress Semiconductor Corp /De/), Participation Agreement (West Corp)

Effect of Transfer. From and after any transfer effected in accordance with this Section 10SECTION 12, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor Holder shall remain liable hereunder and under such other documents ARTICLE XI of the Trust Agreement to the extent that the transferee Holder shall not have assumed the obligations of the transferor Holder thereunder. Upon any transfer by the Owner Trustee, Trustee or a Holder or a Lender as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Holder Trustee and Lessor or the Lenderobligations of a Holder, as the case may be, and shall be deemed an "Owner Trustee", "Holder", Lessor" or "LenderHolder", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 10SECTION 12, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including including, without limitation limitation, rights to indemnification under any such document.

Appears in 2 contracts

Samples: Participation Agreement (Tech Data Corp), Participation Agreement (Aviation Sales Co)

Effect of Transfer. From and after any transfer effected in accordance with this Section 1012, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor Certificate Holder shall remain liable hereunder and under such other documents the Trust Agreement to the extent that the transferee Certificate Holder shall not have assumed the obligations of the transferor Certificate Holder thereunder. Upon any transfer by the Owner Trustee, a Holder or a Lender Certificate Holders as above provided, any such transferee shall assume the obligations of the Owner Trusteesame entity, and the Holder Lessor or the Lendersuch Certificate Holder, as the case may be, and shall be deemed an the "Owner Trustee", "Holder", or "Lendersame entity", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 1012, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.

Appears in 2 contracts

Samples: Participation Agreement (Hanover Compressor Co /), Participation Agreement (Hanover Compressor Co /)

Effect of Transfer. From and after any transfer effected in accordance with this Section 10, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor shall remain liable hereunder and under such other documents to the extent that the transferee shall not have assumed the obligations of the transferor thereunder. Upon any transfer by the Owner TrusteeLessor, a Holder the Credit Lenders or a Lender the Mortgage Lenders as above provided, any such transferee shall assume the obligations of the Owner TrusteeLessor, the Holder Credit Lender or the Mortgage Lender, as the case may be, and shall be deemed an "Owner Trustee"a “Lessor”, "Holder", “Credit Lender” or "a “Mortgage Lender", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's ’s interest as provided in this Section 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.

Appears in 2 contracts

Samples: Participation Agreement (Nvidia Corp), Participation Agreement (Nvidia Corp)

Effect of Transfer. From and after any transfer effected in accordance with this Section 10, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents Operative Agreements to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, except that any transferor shall remain liable hereunder and under such other documents to the extent that the transferee shall not have assumed the obligations of the transferor thereunder. Upon any transfer by the Owner Trustee, a Holder or a Lender as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Holder or the Lender, as the case may be, and shall be deemed an "Owner Trustee", "Holder", or "Lender", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's ’s interest as provided in this Section 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.

Appears in 2 contracts

Samples: Participation Agreement (Sabre Holdings Corp), Participation Agreement (Sabre Holdings Corp)

Effect of Transfer. From and after any transfer effected in ------------------ accordance with this Section 1011, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor Investor shall -------- ------- remain liable hereunder and under such other documents the Trust Agreement to the extent that the transferee Investor shall not have assumed the obligations of the transferor Investor thereunder. Upon any transfer by the Owner Trustee, a Holder Trust or a Lender an Investor as above provided, any such transferee shall assume the obligations of the Owner TrusteeTrust, and the Holder Lessor or the LenderInvestor, as the case may be, and shall be deemed an the "Owner TrusteeTrust", "Holder", Lessor" or "LenderInvestor", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 1011, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.

Appears in 1 contract

Samples: Participation Agreement (Sailors Inc)

Effect of Transfer. From and after any transfer effected in accordance with this Section 10, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor shall remain liable hereunder and under -------- ------- such other documents to the extent that the transferee shall not have assumed the obligations of the transferor thereunder. Upon any transfer by the Owner Trustee, a Holder or a Lender as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Holder or the Lender, as the case may be, and shall be deemed an "Owner Trustee", ," "Holder", ," or "Lender", ," as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.

Appears in 1 contract

Samples: Participation Agreement (Smart & Final Inc/De)

Effect of Transfer. From and after any transfer effected in accordance with this Section 10, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor shall remain liable hereunder and under such other documents to the extent that the transferee shall not have assumed the obligations of the transferor thereunder. Upon any transfer by the Owner Trustee, a Holder or a Lender as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Holder or the Lender, as the case may be, and shall be deemed an "Owner Trustee", "Holder", or "Lender", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.. CREDIT AGREEMENT

Appears in 1 contract

Samples: Participation Agreement, Credit Agreement, Trust Agreement, Security Agreement, Lease Agreement (Convergys Corp)

Effect of Transfer. From and after any transfer effected in accordance with this Section 1012, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor Holder shall remain liable hereunder and under such other documents Article XI of the Trust Agreement to the extent that the transferee Holder shall not have assumed the obligations of the transferor Holder thereunder. Upon any transfer by the Owner Trustee, Trustee or a Holder or a Lender as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Holder Trustee and Lessor or the Lenderobligations of a Holder, as the case may be, and shall be deemed an "Owner Trustee", "“Lessor” or “Holder", or "Lender", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's ’s interest as provided in this Section 1012, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including including, without limitation limitation, rights to indemnification under any such document.

Appears in 1 contract

Samples: Participation Agreement (Healthsouth Corp)

Effect of Transfer. From and after any transfer effected in accordance with this Section 10, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor shall remain liable hereunder and under -------- ------- such other documents to the extent that the transferee shall not have assumed the obligations of the transferor thereunder. Upon any transfer by the Owner Trustee, a Holder or a Lender as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Holder or the Lender, as the case may be, and shall be deemed an "Owner Trustee", "Holder", or "Lender", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights theretofore accrued to indemnification under any such document.

Appears in 1 contract

Samples: Participation Agreement (Us Oncology Inc)

Effect of Transfer. From and after any transfer effected in accordance with this Section 1011, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor Investor shall remain liable hereunder and under such other documents the Trust Agreement to the extent that the transferee Investor shall not have assumed the obligations of the transferor Investor thereunder. Upon any transfer by the Owner Trustee, a Holder Trustee or a Lender an Investor as above provided, any such transferee shall assume the obligations of the Owner Trustee, and the Holder Lessor or the LenderInvestor, as the case may be, and shall be deemed an the "Owner Trustee", "Holder", Lessor" or "LenderInvestor", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 1011, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.

Appears in 1 contract

Samples: Participation Agreement (Safeskin Corp)

Effect of Transfer. From and after any transfer effected in accordance with this Section 1012, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor Holder shall remain liable hereunder and under such other documents to the extent that the transferee Holder shall not have assumed the obligations of the transferor Holder thereunder. Upon any transfer by the Owner Trustee, the Lessor, a Holder or a Lender as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Lessor, the Holder or the Lender, as the case may be, and shall be deemed an "Owner Trustee", "Lessor", "Holder", or "Lender", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 1012, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.

Appears in 1 contract

Samples: Participation Agreement (Lci International Inc /Va/)

Effect of Transfer. From and after any transfer effected in accordance with this Section 10, the transferor shall be released, to the extent extent, and only to the extent, of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be 44 50 performed on or after the date of such transfer; provided, however, that any transferor shall remain liable hereunder and under such other documents to the extent that the transferee shall not have assumed the obligations of the transferor thereunder. Upon any transfer by the Owner Trustee, a Holder or a Lender as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Holder or the Lender, as the case may be, and shall be deemed an "Owner Trustee", "Holder", or "Lender", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.

Appears in 1 contract

Samples: Participation Agreement (Shurgard Storage Centers Inc)

Effect of Transfer. From and after any transfer effected in ------------------------- accordance with this Section 1011, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor Investor shall -------- ------- remain liable hereunder and under such other documents the Trust Agreement to the extent that the transferee Investor shall not have assumed the obligations of the transferor Investor thereunder. Upon any transfer by either of the Owner Trustee, a Holder or a Lender Investors as above provided, any such transferee shall assume the obligations of the Owner Trusteesame entity, and the Holder Lessor or the LenderInvestor, as the case may be, and shall be deemed an the "Owner Trustee", "Holder", or "Lendersame entity", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 1011, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.

Appears in 1 contract

Samples: Participation Agreement (Hanover Compressor Co /)

Effect of Transfer. From and after any transfer effected in accordance with this Section 10, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor shall remain liable hereunder and under such other documents to the extent that the transferee shall not have assumed the obligations of the transferor thereunder. Upon any transfer by the Owner Trustee, a Holder or a Lender as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Holder or the Lender, as the case may be, and shall be deemed an "Owner Trustee", "Holder", or "Lender", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document. Promptly upon any such transfer, the Owner Trustee, the Holders or the Lenders (as the case may be) shall provide copies of all documents evidencing such transfer to the Lessee.

Appears in 1 contract

Samples: Participation Agreement (Guilford Pharmaceuticals Inc)

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Effect of Transfer. From and after any transfer effected in accordance with this Section 10, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor shall remain liable hereunder and under such other documents to the extent that the transferee shall not have assumed the obligations of the transferor thereunder. Upon any transfer by the Owner Trustee, a Holder or a Lender as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Holder or the Lender, as the case may be, and shall be deemed an "Owner Trustee", "Holder", or "Lender", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the 51 57 transferor's interest as provided in this Section 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.

Appears in 1 contract

Samples: Participation Agreement (Lexicon Genetics Inc/Tx)

Effect of Transfer. From and after any transfer effected in accordance with this Section 1011, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor Investor shall remain liable hereunder and under such other documents the Trust Agreement to the extent that the transferee Investor shall not have assumed the obligations of the transferor Investor thereunder. Upon any transfer by the Owner Trustee, a Holder Trust or a Lender an Investor as above provided, any such transferee shall assume the obligations of the Owner TrusteeTrust, and the Holder Lessor or the LenderInvestor, as the case may be, and shall be deemed an the "Owner TrusteeTrust", "Holder", Lessor" or "LenderInvestor", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 1011, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.

Appears in 1 contract

Samples: Participation Agreement (Kindercare Learning Centers Inc /De)

Effect of Transfer. From and after any transfer effected in accordance with this Section 10, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor shall remain liable hereunder and under such other documents to the extent that the transferee shall not have assumed the obligations of the transferor thereunder. Upon any transfer by the Owner Trustee, a Holder or a Lender as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Holder or the Lender, as the case may be, and shall be deemed an "Owner Trustee", "Holder", or "Lender", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights theretofore accrued to indemnification under any such document.

Appears in 1 contract

Samples: Participation Agreement (American Oncology Resources Inc /De/)

Effect of Transfer. From and after any transfer effected in accordance with this Section 10, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor shall remain liable hereunder and under -------- ------- such other documents to the extent that the transferee shall not have assumed the obligations of the transferor thereunder. Upon any transfer by the Owner Trustee, a Holder or a Lender as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Holder or the Lender, as the case may be, and shall be deemed an "Owner Trustee", "Holder", or "Lender", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.

Appears in 1 contract

Samples: Participation Agreement (Smart & Final Inc/De)

Effect of Transfer. (a) From and after any transfer by a Debt Participant effected in accordance with this Section 10Article VIII, the transferor such Debt Participant shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor such Debt Participant shall remain liable hereunder and under such other documents to the extent that the transferee shall not have assumed the obligations of such Debt Participant thereunder. From and after any transfer by Lessor effected in accordance with this Article VIII, Lessor shall be released from its liability hereunder and under the transferor thereunderother documents to which it is a party in respect of obligations to be performed on or after the date of such transfer. Upon any transfer by the Owner Trustee, a Holder Lessor or a Lender Debt Participant as above provided, any such transferee shall assume the obligations of the Owner TrusteeLessor or, to the extent of such transfer, the Holder or the LenderDebt Participant, as the case may be, and shall be deemed an "Owner Trustee"the “Lessor” or, "Holder"to the extent of such transfer, or "Lender"a “Debt Participant” and, in the case of a Debt Participant, a “Participant” to the extent of such transfer, as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer first sentence of all or a portion of the transferor's interest as provided in this Section 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document8.1.

Appears in 1 contract

Samples: Lease Agreement (Ross Stores Inc)

Effect of Transfer. From and after any transfer effected in accordance with this Section 10, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, -------- however, that any transferor shall remain liable hereunder and under such other ------- documents to the extent that the transferee shall not have assumed the obligations of the transferor thereunder. Upon any transfer by the Owner Trustee, a Holder or a Lender as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Holder or the Lender, as the case may be, and shall be deemed an "Owner Trustee", "Holder", or "Lender", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.

Appears in 1 contract

Samples: Participation Agreement (Us Foodservice/Md/)

Effect of Transfer. From and after any transfer effected in accordance with this Section 10, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor shall remain liable hereunder and under such other documents to the extent that the transferee shall not have assumed the obligations of the transferor thereunder. Upon any transfer by the Owner Trustee, a Holder or a Lender as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Holder or the Lender, as the case may be, and shall be deemed an "Owner Trustee", "Holder", or "Lender", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's ’s interest as provided in this Section 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.

Appears in 1 contract

Samples: Participation Agreement (Healthsouth Corp)

Effect of Transfer. From and after any transfer effected in accordance with this Section 10, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor shall remain liable hereunder and under such other documents to the extent that the transferee shall not have assumed the obligations of the transferor thereunder. Upon any transfer by the Owner Trustee, a Holder Lessor or a Lender as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Holder Lessor or the Lender, as the case may be, and shall be deemed an "Owner Trustee", "HolderLessor", or "Lender", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.

Appears in 1 contract

Samples: Participation Agreement (Pep Boys Manny Moe & Jack)

Effect of Transfer. From and after any transfer effected in accordance with this Section SECTION 10, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor shall remain liable hereunder and under such other documents to the extent that the transferee shall not have assumed the obligations of the transferor thereunder. Upon any transfer by the Owner TrusteeLessor, a Holder or a Lender as above provided, any such transferee shall assume the obligations of the Owner TrusteeLessor, the Holder or the Lender, as the case may be, and shall be deemed an the "Owner Trustee", Lessor," or a "Holder", " or "Lender", ," as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section SECTION 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such documentdocument except to the extent transferred.

Appears in 1 contract

Samples: Participation Agreement (Symantec Corp)

Effect of Transfer. From and after any transfer effected in accordance with this Section 10, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided, however, that any transferor shall remain liable hereunder and under such other documents to the extent that the transferee shall not have assumed the obligations of the transferor thereunder. Upon any transfer by the Owner Trustee, a Holder or a Lender as above provided, any such transferee shall assume the obligations of the Owner Trustee, the Holder or the Lender, as the case may be, and shall be deemed an "Owner Trustee", "Holder", " or "Lender", as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence. Notwithstanding any transfer of all or a portion of the transferor's interest as provided in this Section 10, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including without limitation rights to indemnification under any such document.

Appears in 1 contract

Samples: Participation Agreement (Acxiom Corp)

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