Common use of Nonrestricted Assignments Clause in Contracts

Nonrestricted Assignments. Notwithstanding any other ------------------------- provision set forth in this Agreement, (i) any Lender may at any time assign and pledge all or any portion of its Loans to any Federal Reserve Bank as collateral security pursuant to Regulation A and any Operating Circular issued by such Federal Reserve Bank and (ii) any Lender which is an investment fund that invests in Loans may assign or pledge all or any portion of its Loans or the other Obligations owed to such Lender to its trustee or any other representative of holders of obligations owed or securities issued by such Lender as security for such obligations or securities. The foregoing assignments and pledges shall not be subject to the provisions of Section 8.05(b). No such assignment or pledge shall release the assigning Lender from its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Inc)

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Nonrestricted Assignments. Notwithstanding any other ------------------------- provision set forth in this Agreement, (i) any Lender may at any time assign and pledge all or any portion of its Loans to any Federal Reserve Bank as collateral security pursuant to Regulation A and any Operating Circular issued by such Federal Reserve Bank and (ii) any Lender which is an investment fund that invests in Loans may assign or pledge all or any portion of its Loans or the other Obligations owed to such Lender to its trustee or any other representative of holders of obligations owed or securities issued by such Lender as security for such obligations or securities. The foregoing assignments and pledges shall not be subject to the provisions of Section 8.05(bSECTION 9.04(B). No such assignment or pledge shall release the assigning Lender from its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Inc)

Nonrestricted Assignments. Notwithstanding any other ------------------------- provision set forth in this Agreement, (i) any Lender may at any time assign and pledge all or any portion of its Loans to any Federal Reserve Bank as collateral security pursuant to Regulation A and any Operating Circular issued by such Federal Reserve Bank and (ii) any Lender which is an investment fund that invests in Loans may assign or pledge all or any portion of its Loans or the other Obligations owed to such Lender to its trustee or any other representative of holders of obligations owed or securities issued by such Lender as security for such obligations or securities. The foregoing assignments and pledges shall not be subject to the provisions of Section 8.05(b). No such assignment or pledge shall release the assigning Lender from its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Phonetel Technologies Inc)

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Nonrestricted Assignments. Notwithstanding any other ------------------------- provision set forth in this Credit Agreement, (i) any Lender may at any time assign and pledge all or any portion of its Loans and its Notes to any Federal Reserve Bank as collateral security pursuant to Regulation A and any Operating Circular issued by such Federal Reserve Bank and (ii) any Lender which is an investment fund that invests in Loans may assign or pledge all or any portion of its Loans Loans, Notes or the other Credit Party Obligations owed to such Lender to its trustee or any other representative of holders of obligations owed or securities issued by such Lender as security for such obligations or securities. The foregoing assignments and pledges shall not be subject to the provisions of Section 8.05(b11.3(b). No such assignment or pledge shall release the assigning Lender from its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Inc)

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