Common use of Purchase and Sale of Interest Clause in Contracts

Purchase and Sale of Interest. The Assignor hereby sells and assigns to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, an undivided percentage interest (equal to the Percentage) in and to all of the Assignor’s rights and obligations under the Credit Agreement as of the Assignment Effective Date (the “Transferred Interest”), including, without limitation, the Percentage of the following: the Assignor’s [Commitment], the Assignor’s Loan Amount, and all interest, fees, and other Obligations owing to the Assignor that are accrued but unpaid as of the Assignment Effective Date. After giving effect to such sale and assignment, the Assignee will be a [Committed Lender] [Conduit Lender] in the Related Group shown above.