Common use of Notice to Borrower of Assignment Clause in Contracts

Notice to Borrower of Assignment. Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and the other parties thereto as aforesaid, if Agent accepts the assignment contemplated thereby, Agent shall give prompt notice thereof to Borrower. If the Borrower consents to the assignment contemplated thereby, which consent shall not be unreasonable withheld, Borrower shall execute and deliver replacement Notes to the assignor and assignee as requested by Agent and necessary to give effect to the assignment. Upon its receipt of such Notes, assignor shall xxxx its old Note paid or cancelled and shall return the same to the Borrower.

Notice to Borrower of Assignment. Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and the other parties thereto as aforesaid, if Agent accepts the assignment contemplated thereby, Agent shall give prompt notice thereof to Borrower. If Subject to the Borrower consents Borrower’s consent to the assignment contemplated therebythereby if there is no Event of Default hereunder, which consent shall not be unreasonable withheld, Borrower shall execute and deliver replacement Notes to the assignor and assignee as requested by Agent and necessary to give effect to the assignment. Upon its receipt of such Notes, assignor shall xxxx its old Note paid or cancelled and shall return the same to the Borrower.

Notice to Borrower of Assignment. Upon its receipt of an Assignment and Acceptance executed by an assigning Lender Bank and the other parties thereto as aforesaid, if Agent accepts the assignment contemplated thereby, Agent shall give prompt notice thereof to Borrower. If the Borrower consents to the assignment contemplated thereby, which consent shall not be unreasonable withheld, Borrower shall execute and deliver replacement Notes to the assignor and assignee as requested by Agent and necessary to give effect to the assignment. Upon its receipt of such Notes, assignor shall xxxx its old Note paid or cancelled and shall return the same to the Borrower.