Common use of Payments After the Assignment Effective Date Clause in Contracts

Payments After the Assignment Effective Date. Assignor Lender and each Assignee Lender hereby agree that Agent shall, and hereby authorize and direct Agent to, allocate amounts payable under the Credit Agreement and the other Credit Documents as follows: (a) All principal payments on outstanding Loans that would otherwise be payable from and after the Assignment Effective Date to or for the account of Assignor Lender pursuant to the Credit Agreement and the other Credit Documents shall, instead, be payable to or for the account of Assignor Lender and the applicable Assignee Lender, as the case may be, in accordance with the respective Proportionate Share of each as reflected in Attachment I to this Assignment Agreement. (b) All interest, fees and other amounts accrued (including amounts accrued prior to the Assignment Effective Date) or payable pursuant to the Credit Agreement and the other Credit Documents with respect to each Proportionate Share assigned to an Assignee Lender pursuant to this Assignment Agreement, shall from and after the Assignment Effective Date be payable to such Assignee Lender. Assignor Lender and each Assignee Lender have made separate arrangements for (i) the payment by Assignor Lender to such Assignee Lender of any principal, interest, fees or other amounts previously received or otherwise payable to Assignor Lender hereunder if Assignor Lender and such Assignee Lender have otherwise agreed that such Assignee Lender is entitled to receive any such amounts and (ii) the payment by such Assignee Lender to Assignor Lender of any principal, interest, fees or other amounts payable to such Assignee Lender hereunder if Assignor Lender and such Assignee Lender have otherwise agreed that Assignor Lender is entitled to receive any such amounts.

Appears in 2 contracts

Samples: Annual Report, Credit Agreement (Lam Research Corp)

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Payments After the Assignment Effective Date. Assignor Lender Participant and each Assignee Lender Participant hereby agree that Agent shall, and hereby authorize and direct Agent to, allocate amounts payable under the Credit Participation Agreement and the other Credit Operative Documents as follows: (a) All principal payments on outstanding Loans that would otherwise be payable from and applied to reduce the Outstanding Lease Amount or any Portion thereof after the Assignment Effective Date with respect to or for the account of Assignor Lender each Tranche A Percentage, Tranche B Percentage, Tranche C Percentage and Proportionate Share assigned to an Assignee Participant pursuant to the Credit this Assignment Agreement and the other Credit Documents shall, instead, shall be payable to or for the account of Assignor Lender and the applicable such Assignee Lender, as the case may be, in accordance with the respective Proportionate Share of each as reflected in Attachment I to this Assignment AgreementParticipant. (b) All Base Rent, interest, fees and other amounts accrued (including amounts accrued prior to after the Assignment Effective Date) or payable pursuant to the Credit Agreement and the other Credit Documents Date with respect to each Tranche A Percentage, Tranche B Percentage, Tranche C Percentage and Proportionate Share assigned to an Assignee Lender Participant pursuant to this Assignment Agreement, Agreement shall from and after the Assignment Effective Date be payable to such Assignee LenderParticipant. Assignor Lender Participant and each Assignee Lender have made Participant shall make any separate arrangements for (i) between themselves which they deem appropriate with respect to payments between them of amounts paid under the payment by Assignor Lender Operative Documents on account of the Tranche A Percentage, Tranche B Percentage, Tranche C Percentage and Proportionate Share assigned to such Assignee Lender of Participant, and neither Agent nor Lessee shall have any principal, interest, fees responsibility to effect or other amounts previously received or otherwise payable to Assignor Lender hereunder if Assignor Lender and carry out such Assignee Lender have otherwise agreed that such Assignee Lender is entitled to receive any such amounts and (ii) the payment by such Assignee Lender to Assignor Lender of any principal, interest, fees or other amounts payable to such Assignee Lender hereunder if Assignor Lender and such Assignee Lender have otherwise agreed that Assignor Lender is entitled to receive any such amountsseparate arrangements.

Appears in 1 contract

Samples: Participation Agreement (Fair Isaac & Company Inc)

Payments After the Assignment Effective Date. Assignor Lender Participant and each Assignee Lender Participant hereby agree that Agent shall, and hereby authorize and direct Agent to, allocate amounts payable under the Credit Participation Agreement and the other Credit Operative Documents as follows: (a) All principal payments on outstanding Loans that would otherwise be payable from and applied to reduce the Outstanding Lease Amount after the Assignment Effective Date with respect to or for the account of Assignor Lender each Tranche A Percentage, Tranche B Percentage and Proportionate Share assigned to an Assignee Participant pursuant to the Credit this Assignment Agreement and the other Credit Documents shall, instead, shall be payable to or for the account of Assignor Lender and the applicable such Assignee Lender, as the case may be, in accordance with the respective Proportionate Share of each as reflected in Attachment I to this Assignment AgreementParticipant. (b) All Base Rent, interest, fees and other amounts accrued (including amounts accrued prior to after the Assignment Effective Date) or payable pursuant to the Credit Agreement and the other Credit Documents Date with respect to each Tranche A Percentage, Tranche B Percentage and Proportionate Share assigned to an Assignee Lender Participant pursuant to this Assignment Agreement, Agreement shall from and after the Assignment Effective Date be payable to such Assignee LenderParticipant. Assignor Lender Participant and each Assignee Lender have made Participant shall make any separate arrangements for (i) between themselves which they deem appropriate with respect to payments between them of amounts paid under the payment by Assignor Lender Operative Documents on account of the Tranche A Percentage, Tranche B Percentage and Proportionate Share assigned to such Assignee Lender of Participant, and neither Agent nor Lessee shall have any principal, interest, fees responsibility to effect or other amounts previously received or otherwise payable to Assignor Lender hereunder if Assignor Lender and carry out such Assignee Lender have otherwise agreed that such Assignee Lender is entitled to receive any such amounts and (ii) the payment by such Assignee Lender to Assignor Lender of any principal, interest, fees or other amounts payable to such Assignee Lender hereunder if Assignor Lender and such Assignee Lender have otherwise agreed that Assignor Lender is entitled to receive any such amounts.separate arrangements. 111

Appears in 1 contract

Samples: Participation Agreement (Silicon Valley Group Inc)

Payments After the Assignment Effective Date. Assignor Lender and each Assignee Lender hereby agree that the Administrative Agent shall, and hereby authorize and direct the Administrative Agent to, allocate amounts payable under the Credit Agreement and the other Credit Documents as follows: (a) All principal payments on outstanding Loans that would otherwise be payable from and made after the Assignment Effective Date with respect to or for the account of Assignor each Revolving Loan Commitment and/or Term Loan and corresponding Proportionate Share(s) assigned to Assignee Lender pursuant to the Credit this Assignment Agreement and the other Credit Documents shall, instead, shall be payable to or for the account of Assignor Lender and the applicable Assignee Lender, as the case may be, in accordance with the respective Proportionate Share of each as reflected in Attachment I to this Assignment Agreement. (b) All interest, fees and other amounts accrued (including amounts accrued prior to after the Assignment Effective Date) or payable pursuant to the Credit Agreement and the other Credit Documents Date with respect to each Revolving Loan Commitment and/or Term Loan and corresponding Proportionate Share Share(s) assigned to an Assignee Lender pursuant to this Assignment Agreement, Agreement shall from and after the Assignment Effective Date be payable to such Assignee Lender. Assignor Lender and each Assignee Lender have made shall make any separate arrangements for (ibetween themselves which they deem appropriate with respect to payments between them of amounts paid under the Credit Documents on account of the Revolving Loan Commitment and/or Term Loan and corresponding Proportionate Share(s) assigned to Assignee Lender, and neither the payment by Assignor Lender Administrative Agent nor any Borrower shall have any responsibility to effect or carry out such Assignee Lender of any principal, interest, fees or other amounts previously received or otherwise payable to Assignor Lender hereunder if Assignor Lender and such Assignee Lender have otherwise agreed that such Assignee Lender is entitled to receive any such amounts and (ii) the payment by such Assignee Lender to Assignor Lender of any principal, interest, fees or other amounts payable to such Assignee Lender hereunder if Assignor Lender and such Assignee Lender have otherwise agreed that Assignor Lender is entitled to receive any such amountsseparate arrangements.

Appears in 1 contract

Samples: Credit Agreement (Argosy Gaming Co)

Payments After the Assignment Effective Date. Assignor Lender Participant and each Assignee Lender Participant hereby agree that Agent shall, and hereby authorize and direct Agent to, allocate amounts payable under the Credit Participation Agreement and the other Credit Operative Documents as follows: (a) All principal payments on outstanding Loans that would otherwise be payable from and applied to reduce the Outstanding Lease Amount after the Assignment Effective Date with respect to or for the account of Assignor Lender each Tranche A Percentage, Tranche B Percentage, Tranche C Percentage and Proportionate Share assigned to an Assignee Participant pursuant to the Credit this Assignment Agreement and the other Credit Documents shall, instead, shall be payable to or for the account of Assignor Lender and the applicable such Assignee Lender, as the case may be, in accordance with the respective Proportionate Share of each as reflected in Attachment I to this Assignment AgreementParticipant. (b) All Base Rent, interest, fees and other amounts accrued (including amounts accrued prior to after the Assignment Effective Date) or payable pursuant to the Credit Agreement and the other Credit Documents Date with respect to each Tranche A Percentage, Tranche B Percentage, Tranche C Percentage and Proportionate Share assigned to an Assignee Lender Participant pursuant to this Assignment Agreement, Agreement shall from and after the Assignment Effective Date be payable to such Assignee LenderParticipant. Assignor Lender Participant and each Assignee Lender have made Participant shall make any separate arrangements for (i) between themselves which they deem appropriate with respect to payments between them of amounts paid under the payment by Assignor Lender Operative Documents on account of the Tranche A Percentage, Tranche B Percentage, Tranche C Percentage and Proportionate Share assigned to such Assignee Lender of Participant, and neither Agent nor Lessee shall have any principal, interest, fees responsibility to effect or other amounts previously received or otherwise payable to Assignor Lender hereunder if Assignor Lender and carry out such Assignee Lender have otherwise agreed that such Assignee Lender is entitled to receive any such amounts and (ii) the payment by such Assignee Lender to Assignor Lender of any principal, interest, fees or other amounts payable to such Assignee Lender hereunder if Assignor Lender and such Assignee Lender have otherwise agreed that Assignor Lender is entitled to receive any such amountsseparate arrangements.

Appears in 1 contract

Samples: Participation Agreement (Novellus Systems Inc)

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Payments After the Assignment Effective Date. Assignor Lender and each Assignee Lender hereby agree that Agent shall, and hereby authorize and direct Agent to, allocate amounts payable under the Credit Agreement and the other Credit Documents as follows: (a) All principal payments on outstanding Loans that would otherwise be payable from and after the Assignment Effective Date to or for the account of Assignor Lender pursuant to the Credit Agreement and the other Credit Documents shall, instead, be payable to or for the account of Assignor Lender and the applicable Assignee Lender, as the case may be, in accordance with the respective Proportionate Share of each as reflected in Attachment ATTACHMENT I to this Assignment Agreement. (b) All interest, fees and other amounts accrued (including amounts accrued prior to the Assignment Effective Date) or payable pursuant to the Credit Agreement and the other Credit Documents with respect to each Proportionate Share assigned to an Assignee Lender pursuant to this Assignment Agreement, shall from and after the Assignment Effective Date be payable to such Assignee Lender. Assignor Lender and each Assignee Lender have made separate arrangements for (i) the payment by Assignor Lender to such Assignee Lender of any principal, interest, fees or other amounts previously received or otherwise payable to Assignor Lender hereunder if Assignor Lender and such Assignee Lender have otherwise agreed that such Assignee Lender is entitled to receive any such amounts and (ii) the payment by such Assignee Lender to Assignor Lender of any principal, interest, fees or other amounts payable to such Assignee Lender hereunder if Assignor Lender and such Assignee Lender have otherwise agreed that Assignor Lender is entitled to receive any such amounts.

Appears in 1 contract

Samples: Credit Agreement (Lam Research Corp)

Payments After the Assignment Effective Date. Assignor Lender Participant and each Assignee Lender Participant hereby agree that Agent shall, and hereby authorize and direct Agent to, allocate amounts payable under the Credit Participation Agreement and the other Credit Operative Documents as follows: (a) All principal payments on outstanding Loans that would otherwise be payable from and applied to reduce the Outstanding Lease Amount after the Assignment Effective Date with respect to or for the account of Assignor Lender each Tranche A Percentage, Tranche B Percentage, Tranche C Percentage and Proportionate Share assigned to an Assignee Participant pursuant to the Credit this Assignment Agreement and the other Credit Documents shall, instead, shall be payable to or for the account of Assignor Lender and the applicable such Assignee Lender, as the case may be, in accordance with the respective Proportionate Share of each as reflected in Attachment I to this Assignment AgreementParticipant. (b) All Base Rent, interest, fees and other amounts accrued (including amounts accrued prior to after the Assignment Effective Date) or payable pursuant to the Credit Agreement and the other Credit Documents Date with respect to each Tranche A Percentage, Tranche B Percentage, Tranche C Percentage and Proportionate Share assigned to an Assignee Lender Participant pursuant to this Assignment Agreement, Agreement shall from and after the Assignment Effective Date be payable to such Assignee LenderParticipant. Assignor Lender Participant and each Assignee Lender have made Participant shall make any separate arrangements for (i) between themselves which they deem appropriate with respect to payments between them of amounts paid under the payment by Assignor Lender Operative Documents on account of the Tranche A Percentage, Tranche B Percentage, Tranche C Percentage and Proportionate Share assigned to such Assignee Lender of L-2 402 Participant, and neither Agent nor Lessee shall have any principal, interest, fees responsibility to effect or other amounts previously received or otherwise payable to Assignor Lender hereunder if Assignor Lender and carry out such Assignee Lender have otherwise agreed that such Assignee Lender is entitled to receive any such amounts and (ii) the payment by such Assignee Lender to Assignor Lender of any principal, interest, fees or other amounts payable to such Assignee Lender hereunder if Assignor Lender and such Assignee Lender have otherwise agreed that Assignor Lender is entitled to receive any such amountsseparate arrangements.

Appears in 1 contract

Samples: Participation Agreement (Novellus Systems Inc)

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