Effectiveness of Assignments. Subject to acceptance and recording thereof pursuant to subclause (b)(iv) of this Section, from and after the effective date specified in each Assignment Agreement, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment Agreement, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment Agreement, be released from its obligations under this Agreement (and, in the case of an Assignment Agreement covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.14, 2.15, 2.16 and 10.
Appears in 3 contracts
Samples: Loan and Security Agreement (COHEN & Co INC.), Loan and Security Agreement (Alesco Financial Inc), Loan and Security Agreement (Alesco Financial Inc)
Effectiveness of Assignments. Subject to acceptance and recording thereof pursuant to subclause paragraph (b)(iv) of this Section, from and after the effective date specified in each Assignment Agreement, and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment Agreementand Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment Agreementand Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment Agreement and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.142.10, 2.152.11, 2.16 2.12 and 109.
Appears in 2 contracts
Samples: Working Capital Facility (Reliant Energy Inc), Working Capital Facility (Reliant Energy Inc)
Effectiveness of Assignments. Subject to acceptance and recording thereof pursuant to subclause paragraph (b)(iv) of this SectionSection 9.04, from and after the effective date specified in each Assignment Agreementand Assumption, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment Agreementand Assumption, have the rights and obligations of a Lender under this AgreementAgreement in addition to any rights and obligations theretofore held by it as a Lender, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment Agreementand Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment Agreement and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of and subject to the obligations of Sections 2.13, 2.14, 2.15, 2.16 2.16, 9.03 and 109.
Appears in 2 contracts
Samples: Term Loan Agreement (International Paper Co /New/), Credit Agreement (International Paper Co /New/)
Effectiveness of Assignments. Subject to acceptance and recording thereof pursuant to subclause paragraph (b)(ivc) of this Section, from and after the effective date specified in each Assignment Agreement, and Acceptance the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment Agreementand Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment Agreementand Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment Agreement and Acceptance covering all of the assigning Lender’s 's rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.14, 2.15, 2.16 and 10.
Appears in 2 contracts
Samples: Credit Agreement (Bowater Inc), Credit Agreement (Bowater Inc)
Effectiveness of Assignments. Subject to acceptance and recording thereof pursuant to subclause paragraph (b)(iv) of this Section, from and after the effective date specified in each Assignment Agreementand Assumption, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment Agreementand Assumption, have the rights and obligations of a Lender under this AgreementAgreement in addition to any rights and obligations theretofore held by it as a Lender, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment Agreementand Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment Agreement and Assumption covering all of the assigning Lender’s 's rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.13, 2.14, 2.15, 2.16 and 109.
Appears in 2 contracts
Samples: 364 Day Credit Agreement (International Paper Co /New/), Credit Agreement (International Paper Co /New/)
Effectiveness of Assignments. Subject to acceptance and recording thereof pursuant to subclause paragraph (b)(iv) of this Section, from and after the effective date specified in each Assignment Agreementand Assumption, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment Agreementand Assumption, have the rights and obligations of a Lender under this AgreementAgreement in addition to any rights and obligations theretofore held by it as a Lender, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment Agreementand Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment Agreement and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of and subject to the obligations of Sections 2.13, 2.14, 2.15, 2.16 2.16, 9.03 and 109.
Appears in 2 contracts
Samples: Credit Agreement (International Paper Co /New/), Credit Agreement (International Paper Co /New/)
Effectiveness of Assignments. Subject to acceptance and recording thereof pursuant to subclause paragraph (b)(iv) of this SectionSection 9.04, from and after the effective date specified in each Assignment Agreementand Assumption, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment Agreementand Assumption, have the rights and obligations of a Lender under this AgreementAgreement in addition to any rights and obligations theretofore held by it as a Lender, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment Agreementand Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment Agreement and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of and subject to the obligations of Sections 2.13, 2.14, 2.15, 2.16 9.03 and 109.
Appears in 2 contracts
Samples: Credit Agreement (International Paper Co /New/), Credit Agreement (International Paper Co /New/)
Effectiveness of Assignments. Subject to acceptance and recording thereof pursuant to subclause paragraph (b)(iv) of this Section, from and after the effective date specified in each Assignment Agreement, and Acceptance the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment Agreementand Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment Agreementand Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment Agreement and Acceptance covering all of the assigning Lender’s 's rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.142.10, 2.152.11, 2.16 3.5 and 1012.
Appears in 1 contract
Effectiveness of Assignments. Subject to acceptance and recording thereof pursuant to subclause paragraph (b)(ivc) of this Sectionbelow, from and after the effective date specified in each Assignment Agreement, and Acceptance the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment Agreementand Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment Agreementand Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment Agreement and Acceptance covering all of the assigning Lender’s 's rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of rights referred to in Sections 2.14, 2.15, 2.16 and 109.
Appears in 1 contract
Samples: Credit Agreement (Harte Hanks Inc)
Effectiveness of Assignments. Subject to acceptance and recording ---------------------------- thereof pursuant to subclause paragraph (b)(iv) of this Section, from and after the effective date specified in each Assignment Agreementand Assumption, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment Agreementand Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment Agreementand Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment Agreement and Assumption covering all of the assigning Lender’s 's rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.13, 2.14, 2.15, 2.16 2.15 and 10.
Appears in 1 contract
Samples: Credit Agreement (Griffon Corp)
Effectiveness of Assignments. Subject to acceptance and recording thereof pursuant to subclause paragraph (b)(ivc) of this Sectionbelow, from and after the effective date specified in each Assignment Agreement, and Acceptance the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment Agreementand Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment Agreementand Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment Agreement and Acceptance covering all of the assigning Lender’s 's rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of rights referred to in Sections 2.142.12, 2.152.13, 2.16 2.14 and 10.
Appears in 1 contract
Effectiveness of Assignments. Subject to acceptance and ---------------------------- recording thereof pursuant to subclause paragraph (b)(iv) of this Section, from and after the effective date specified in each Assignment Agreementand Assumption, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment Agreementand Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment Agreementand Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment Agreement and Assumption covering all of the assigning Lender’s 's rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.13, 2.14, 2.15, 2.16 2.15 and 10.
Appears in 1 contract
Samples: Credit Agreement (Griffon Corp)