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No such assignment of Tranche A-2 Commitments shall be made at any time prior to the initial funding of the Tranche A-2 Loans hereunder on the Closing Date to any Person that is not an Eligible Pre-Closing Lender. Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (d) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and shall, to the extent of the interest assigned by such Assignment and 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 and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender\u2019s 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 3.01, 3.04, 3.05 and 11.04 with respect to facts and circumstances occurring prior to the effective date of such assignment. Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (e) of this Section 11.06.", "size": 61, "hash": "da1463e25dfa9426d611fa7c418b1797", "id": 9}, {"snippet_links": [{"key": "to-the-borrower", "type": "clause", "offset": [37, 52]}, {"key": "of-the-borrower", "type": "clause", "offset": [60, 75]}, {"key": "natural-person", "type": "clause", "offset": [101, 115]}, {"key": "subject-to", "type": "clause", "offset": [117, 127]}, {"key": "the-administrative-agent", "type": "clause", "offset": [164, 188]}, {"key": "pursuant-to-subsection", "type": "clause", "offset": [189, 211]}, {"key": "from-and-after-the-effective-date", "type": "clause", "offset": [233, 266]}, {"key": "the-assignee", "type": "clause", "offset": [312, 324]}, {"key": "party-to-this-agreement", "type": "definition", "offset": [347, 370]}, {"key": "to-the-extent", "type": "clause", "offset": [376, 389]}, {"key": "the-interest", "type": "clause", "offset": [393, 405]}, {"key": "rights-and-obligations-of", "type": "clause", "offset": [459, 484]}, {"key": "assigning-lender", "type": "definition", "offset": [524, 540]}, {"key": "an-assignment-and-assumption", "type": "clause", "offset": [708, 736]}, {"key": "rights-and-obligations-under-this-agreement", "type": "clause", "offset": [776, 819]}, {"key": "party-hereto", "type": "definition", "offset": [853, 865]}, {"key": "benefits-of", "type": "clause", "offset": [908, 919]}, {"key": "with-respect-to", "type": "clause", "offset": [949, 964]}, {"key": "date-of", "type": "clause", "offset": [1022, 1029]}, {"key": "upon-request", "type": "definition", "offset": [1047, 1059]}, {"key": "execute-and-deliver", "type": "clause", "offset": [1097, 1116]}, {"key": "note-to", "type": "definition", "offset": [1119, 1126]}, {"key": "assignee-lender", "type": "clause", "offset": [1131, 1146]}, {"key": "transfer-by-a-lender", "type": "clause", "offset": [1166, 1186]}, {"key": "rights-or-obligations", "type": "clause", "offset": [1190, 1211]}, {"key": "comply-with", "type": "definition", "offset": [1247, 1258]}, {"key": "this-subsection", "type": "definition", "offset": [1259, 1274]}, {"key": "for-purposes-of-this-agreement", "type": "definition", "offset": [1292, 1322]}, {"key": "such-rights", "type": "definition", "offset": [1370, 1381]}, {"key": "in-accordance-with", "type": "clause", "offset": [1398, 1416]}], "samples": [{"hash": "6geDm6IKe4A", "uri": "/contracts/6geDm6IKe4A#no-assignment-to-certain-persons", "label": "Term Loan Agreement (American Tower Corp /Ma/)", "score": 36.1512680054, "published": true}, {"hash": "1Xkei6HXQbN", "uri": "/contracts/1Xkei6HXQbN#no-assignment-to-certain-persons", "label": "Term Loan Agreement (American Tower Corp /Ma/)", "score": 34.5660514832, "published": true}, {"hash": "iHpreF6OON9", "uri": "/contracts/iHpreF6OON9#no-assignment-to-certain-persons", "label": "Term Loan Agreement (American Tower Corp /Ma/)", "score": 32.9397659302, "published": true}], "snippet": "No such assignment shall be made (A) to the Borrower or any of the Borrower\u2019s Affiliates or (B) to a natural person. Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and 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 and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender\u2019s 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 10.2, 10.3 and 10.5 with respect to facts and circumstances occurring prior to the effective date of such assignment. Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (d) of this Section.", "size": 59, "hash": "4eca1f9cb547596011388cb3f6b3eb9b", "id": 10}], "next_curs": "CmkSY2oVc35sYXdpbnNpZGVyY29udHJhY3RzckULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Iiluby1hc3NpZ25tZW50LXRvLWNlcnRhaW4tcGVyc29ucyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "No Assignment to Certain Persons", "children": [["certain-additional-payments", "Certain Additional Payments"], ["governing-law", "GOVERNING LAW"], ["waiver-of-venue", "WAIVER OF VENUE"], ["submission-to-jurisdiction", "SUBMISSION TO JURISDICTION"], ["no-assignment-to-natural-persons", "No Assignment to Natural Persons"]], "parents": [["assignments-by-lenders", "Assignments by Lenders"], ["successors-and-assigns", "Successors and Assigns"], ["miscellaneous", "Miscellaneous"], ["assignments-by-\u2587\u2587\u2587\u2587\u2587\u2587\u2587", "Assignments by \u2587\u2587\u2587\u2587\u2587\u2587\u2587"], ["survival", "Survival"]], "size": 5928, "id": "no-assignment-to-certain-persons", "related": [["no-assignment-to-natural-persons", "No Assignment to Natural Persons", "No Assignment to Natural Persons"], ["no-assignment-no-third-party-beneficiaries", "No Assignment; No Third Party Beneficiaries", "No Assignment; No Third Party Beneficiaries"], ["no-assignment-or-delegation", "No Assignment or Delegation", "No Assignment or Delegation"], ["certain-permitted-transfers", "Certain Permitted Transfers", "Certain Permitted Transfers"], ["no-recourse-against-certain-persons", "No Recourse Against Certain Persons", "No Recourse Against Certain Persons"]], "related_snippets": [], "updated": "2026-05-16T05:47:53+00:00", "also_ask": ["What criteria should define 'Certain Persons' to avoid ambiguity and ensure enforceability?", "How can this clause be strategically negotiated to protect against indirect assignments or change of control?", "What are the most common legal pitfalls or fatal flaws in drafting this restriction?", "How do courts typically interpret and enforce 'No Assignment to Certain Persons' clauses?", "How does this clause compare to broader anti-assignment provisions in terms of risk and flexibility?"], "drafting_tip": "Specify prohibited assignees, define exceptions, and require written consent to prevent unauthorized transfers and ensure clarity of obligations.", "explanation": "The \"No Assignment to Certain Persons\" clause restricts the transfer of rights or obligations under an agreement to specific individuals or entities, typically those deemed unsuitable or undesirable by one or both parties. In practice, this means that a party cannot assign the contract to competitors, affiliates, or other named groups without prior consent. This clause serves to protect the interests of the original parties by preventing sensitive information or contractual benefits from being transferred to parties that could pose a conflict of interest or other risks."}, "json": true, "cursor": ""}}