Permitted Assignments. Any Lender may at any time assign to one or more banks or other entities (“Purchasers”) all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 6 contracts
Samples: Credit Agreement (Madison Gas & Electric Co), Credit Agreement (Madison Gas & Electric Co), Credit Agreement (Mge Energy Inc)
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C "D" hereto or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 2 contracts
Samples: Long Term Credit Agreement (TBC Corp), Short Term Credit Agreement (TBC Corp)
Permitted Assignments. Any Lender may at any time assign to one or more banks or other entities (“Purchasers”) all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 2 contracts
Samples: Credit Agreement (Madison Gas & Electric Co), Credit Agreement (Madison Gas & Electric Co)
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent Agent, which shall not be unreasonably withheld or delayed, shall be required prior to an any assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided effective, provided, however, that if a Default or Event of Default has occurred and is continuing, the consent of the Borrower shall not be required. Such , and provided, further, however, that the consent of neither the Borrower nor the Administrative Agent shall not be unreasonably withheld required if the Purchaser is (i) a Lender, (ii) an Affiliate of a Lender, or delayed(iii) a successor by merger to a Lender. Each such assignment with respect shall (unless it is to a Purchaser which is not a Lender or an Affiliate thereof shall (unless or each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at of the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 2 contracts
Samples: Credit Agreement (M I Homes Inc), Credit Agreement (M I Homes Inc)
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“Purchasers”) all or any part of its rights and obligations under the Loan Facility Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect shall (unless it is to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of or the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (ia) $5,000,000 or (iib) the remaining amount of the assigning Lender’s Revolving Credit Commitment and/or Letter of Credit Participation Amount (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 2 contracts
Samples: Credit Agreement (Navigators Group Inc), Credit Agreement (Navigators Group Inc)
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“Purchasers”) all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C E or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each the LC Issuer and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent consents shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 2 contracts
Samples: Credit Agreement (Vectren Corp), Credit Agreement (Vectren Corp)
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender Lender, an Affiliate thereof or an Affiliate thereofApproved Fund; provided that if a Default or an Unmatured Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consentsconsents or such assignment is to a Lender or an Affiliate of a Lender) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable such Lender's Commitment has been terminated).
Appears in 2 contracts
Samples: Credit Agreement (Kansas City Power & Light Co), Credit Agreement (Kansas City Power & Light Co)
Permitted Assignments. Any Lender may Bank may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C "E" hereto or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Company and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereofeffective; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower Company shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender Bank or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents, such consent of the Borrower not being required if a Default has occurred and is continuing) be in an amount not less than the lesser of (i) $5,000,000 10,000,000 or (ii) the remaining amount of the assigning Lender’s Bank's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“Purchasers”) all or any part of its rights and obligations under the Loan Facility Documents. Such assignment shall be substantially in the form of Exhibit C B or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect shall (unless it is to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of or the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (ia) $5,000,000 or (iib) the remaining amount of the assigning Lender’s Commitment Letter of Credit Participation Amount (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“Purchasers”"PURCHASERS") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C EXHIBIT F or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided PROVIDED, HOWEVER, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent consents shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Credit Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent consents shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 10,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Samples: Credit Agreement (Industrial Distribution Group Inc)
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“Purchasers”"PURCHASERS") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C EXHIBIT B or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided PROVIDED, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless (x) each of the Borrower and the Administrative Agent otherwise consentsconsents or (y) the proposed Purchaser is already a Lender) be in an amount not less than the lesser of (ia) $5,000,000 or (iib) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Samples: Credit Agreement (American Medical Security Group Inc)
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities other than competitors of the Borrower or the Guarantor in the telecommunications industry (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C E or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Samples: Credit Agreement (Wam Net Inc)
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities Eligible Assignees (“"Purchasers”") all or any part of its Loans, rights and obligations under the Loan Documents, and such assignments need not be pro rata among the Facilities. Such assignment shall be made pursuant to an Assignment Agreement substantially in the form of Exhibit C E hereto or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent (which consents shall not be unreasonably withheld or delayed) shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof, and each such assignment to a Purchaser which is not a Lender or an Affiliate thereof shall transfer an interest in the Facilities of not less than the lesser of (a) Five Million Dollars ($5,000,000), or (b) the then remaining amount of such Lender's Loans and Commitments); provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 10,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable such Lender's Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C D or in such other form as may be agreed to by the parties thereto. The consent of the BorrowerCompany, each Issuer the Agent and the Administrative Agent LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an a majority-owned Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower Company shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower Company and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer the Agent and the Administrative Agent LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of 5,000,000, and no assignment shall be made if following such assignment the assigning Lender’s Commitment (calculated as at the date Lender would retain a commitment of less than $5,000,000, unless such assignment) or outstanding Loans (if the applicable Commitment has been terminated)assigning Lender assigns its entire commitment.
Appears in 1 contract
Samples: Credit Agreement (Magnetek Inc)
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C B (the "Assignment and Assumption") or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent consents shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 10,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may may, in the ordinary --------------------- course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Combined Credit Facilities Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to evidenced by the parties theretoan Assignment Agreement. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Samples: Credit Agreement (Qad Inc)
Permitted Assignments. Any Lender may may, in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C "H" hereto or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereofthereof (such consents not to be unreasonably withheld); provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 10,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents; provided, however, that in the case of an assignment to an entity which is not a Lender or an Affiliate of a Lender, such assignment shall (unless each of the Borrower and Agent otherwise consents) be in an amount not less than the lesser of (i) $10,000,000 (and in multiples of $5,000,000 in excess thereof) or (ii) the remaining amount of the assigning Lender's Commitment (calculated as at the date of such assignment). Such assignment shall be substantially in the form of Exhibit C D hereto or in such other form as may be agreed to by the parties thereto. The consent of the BorrowerAgent and, each Issuer and so long as no Default is continuing, the Administrative Agent Borrower shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. thereof Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided PROVIDED, HOWEVER, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consentsconsents or such assignment is to an Affiliate of a Lender) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable such Lender's Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C H or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent consents shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) Five Million Dollars ($5,000,000 5,000,0000 or (ii) the remaining amount of the assigning Lender’s 's Revolving Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C B or in such other form as may be agreed to by the parties thereto. The consent of AMS, the Borrower, each Issuer Swing Line Lender and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, that if a Default has occurred and is continuing, the consent of the Borrower AMS shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless (x) each of the Borrower AMS and the Administrative Agent otherwise consentsconsents or (y) the proposed Purchaser is already a Lender) be in an amount not less than the lesser of (ia) $5,000,000 or (iib) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Samples: Credit Agreement (American Medical Security Group Inc)
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Samples: Credit Agreement (Vectren Corp)
Permitted Assignments. Any Lender may at any time assign to one or more banks or other entities (“Purchasers”) all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which that is not a Lender or an Affiliate thereof; provided that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Samples: Credit Agreement (Mge Energy Inc)
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent consents shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 10,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Permitted Assignments. Any Lender may may, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent and the LC Issuer shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided , provided, however, that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract
Samples: Loan Agreement (Equity Oil Co)
Permitted Assignments. Any Lender may may, in the ordinary --------------------- course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“"Purchasers”") all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other --------- form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided provided, however, that if a Default has occurred and is -------- ------- continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (ia) $5,000,000 or (iib) the remaining amount of the assigning Lender’s 's Commitment (calculated as at the date of such assignment); provided that assignments of Loans pursuant -------- to Section 2.4(c) or outstanding Loans (if the applicable Commitment has been terminated)shall be permitted.
Appears in 1 contract
Permitted Assignments. Any Lender may at any time assign to one or more banks or other entities (“Purchasers”) ), other than an Ineligible Institution, all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit C or in such other form as may be agreed to by the parties thereto. The consent of the Borrower, each Issuer Borrower and the Administrative Agent shall be required prior to an assignment becoming effective with respect to a Purchaser which is not a Lender or an Affiliate thereof; provided that if a Default has occurred and is continuing, the consent of the Borrower shall not be required. Such consent shall not be unreasonably withheld or delayed. Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate thereof shall (unless each of the Borrower and the Administrative Agent otherwise consents) be in an amount not less than the lesser of (i) $5,000,000 or (ii) the remaining amount of the assigning Lender’s Commitment (calculated as at the date of such assignment) or outstanding Loans (if the applicable Commitment has been terminated).
Appears in 1 contract