Common use of Reassignment of Collateral Clause in Contracts

Reassignment of Collateral. If (a) an Event of Default -------------------------- shall have occurred and, by reason of cure, waiver, modification, amendment or otherwise, no longer be continuing, (b) no other Event of Default shall have occurred and be continuing, (c) an assignment to Secured Party of any rights, title and interests in and to the Collateral shall have been previously made and shall have become absolute and effective pursuant to Section 12(f) or Section 15(b), and (d) the Secured Obligations shall not have become immediately due and payable, upon the written request of Grantor and the written consent of Secured Party, Secured Party shall promptly execute and deliver to Grantor such assignments as may be necessary to reassign to Grantor any such rights, title and interests as may have been assigned to Secured Party as aforesaid, subject to any disposition thereof that may have been properly made by Secured Party pursuant hereto; provided that, after giving effect to such reassignment, -------- Secured Party's security interest granted pursuant to Section 1, as well as all other rights and remedies of Secured Party granted hereunder, shall continue to be in full force and effect; and provided, further that the rights, title and -------- ------- interests so reassigned shall be free and clear of all Liens other than Liens (if any) encumbering such rights, title and interest at the time of their assignment to Secured Party and Permitted Encumbrances.

Reassignment of Collateral. If (a) an Event of Default -------------------------- shall have occurred and, by reason of cure, waiver, modification, amendment or otherwise, no longer be continuing, (b) no other Event of Default shall have occurred and be continuing, (c) an assignment to Secured Party Assignee of any rights, title and interests in and to the Collateral shall have been previously made and shall have become absolute and effective pursuant to Section 12(f2, Section 13(f) or Section 15(b16(b), and (d) the Secured Obligations shall not have become immediately due and payable, upon the written request of Grantor Assignor and the written consent of Secured PartyAssignee, Secured Party Assignee shall promptly execute and deliver to Grantor Assignor such assignments as may be necessary to reassign to Grantor Assignor any such rights, title and interests as may have been assigned to Secured Party Assignee as aforesaid, subject to any disposition thereof that may have been properly made by Secured Party Assignee pursuant hereto; provided that, after giving effect to such reassignment, -------- Secured PartyAssignee's security -------- interest and conditional assignment granted pursuant to Section 11 and Section 2, as well as all other rights and remedies of Secured Party Assignee granted hereunder, shall continue to be in full force and effect; and provided, further that the rights, -------- ------- title and -------- ------- interests so reassigned shall be free and clear of all Liens other than Liens (if any) encumbering such rights, title and interest at the time of their assignment to Secured Party Assignee and Permitted EncumbrancesLiens.

Reassignment of Collateral. If (a) an Event of Default -------------------------- shall have occurred and, by reason of cure, waiver, modification, amendment or otherwise, no longer be continuing, (b) no other Event of Default shall have occurred and be continuing, (c) an assignment to Secured Party Assignee of any rights, title and interests in and to the Collateral shall have been previously made and shall have become absolute and effective pursuant to Section 12(f2, Section 13(f) or Section 15(b16(b), and (d) the Secured Obligations shall not have become immediately due and payable, upon the written request of Grantor Assignor and the written consent of Secured Party, Secured Party Assignee; then Assignee shall promptly execute and deliver to Grantor Assignor such assignments as may be necessary to reassign to Grantor Assignor any such rights, title and interests as may have been assigned to Secured Party Assignee as aforesaid, subject to any disposition thereof that may have been properly made by Secured Party Assignee pursuant hereto; provided that, after giving effect to such reassignment, -------- Secured PartyAssignee's security interest and conditional assignment granted pursuant to Section 11 and Section 2, as well as all other rights and remedies of Secured Party Assignee granted hereunder, shall continue to be in full force and effect; and provided, further that the rights, title and -------- ------- interests so reassigned shall be free and clear of all Liens other than Liens (if any) encumbering such rights, title and interest at the time of their assignment to Secured Party and Permitted Encumbrances.if

Reassignment of Collateral. If (a) an Event of Default -------------------------- shall have occurred and, by reason of cure, waiver, modification, amendment or otherwise, no longer be continuing, (b) no other Event of Default shall have occurred and be continuing, (c) an assignment to Secured Party Collateral Agent of any rights, title and interests in and to the Collateral shall have been previously made and shall have become absolute and effective pursuant to Section 12(f2, Section 13(f) or Section 15(b16(b), and (d) the Secured Obligations shall not have become immediately due and payable, upon the written request of Grantor and the written consent of Secured PartyCollateral Agent, Secured Party Collateral Agent shall promptly execute and deliver to Grantor such assignments as may be necessary to reassign to Grantor any such rights, title and interests as may have been assigned to Secured Party Collateral Agent as aforesaid, subject to any disposition thereof that may have been properly made by Secured Party Collateral Agent pursuant hereto; provided that, after giving effect to such reassignment, -------- Secured PartyCollateral Agent's security interest and conditional assignment granted pursuant to Section 11 and Section 2, as well as all other rights and remedies of Secured Party Collateral Agent granted hereunder, shall continue to be in full force and effect; and provided, further that the rights, title and -------- ------- interests so reassigned shall be free and clear of all Liens other than Liens (if any) encumbering such rights, title and interest at the time of their assignment to Secured Party Collateral Agent and Permitted Encumbrances.

Reassignment of Collateral. If (a) an Event of Default -------------------------- shall have occurred and, by reason of cure, waiver, modification, amendment or otherwise, no longer be continuing, (b) no other Event of Default shall have occurred and be continuing, (c) an assignment to Secured Party Assignee of any rights, title and interests in and to the Collateral shall have been previously made and shall have become absolute and effective pursuant to Section 12(f2, Section 13(f) or Section 15(b16(b), and (d) the Secured Obligations shall not have become immediately due and payable, upon the written request of Grantor Assignor and the written consent of Secured PartyAssignee, Secured Party Assignee shall promptly execute and deliver to Grantor Assignor such assignments as may be necessary to reassign to Grantor Assignor any such rights, title and interests as may have been assigned to Secured Party Assignee as aforesaid, subject to any disposition thereof that may have been properly made by Secured Party Assignee pursuant hereto; provided that, after giving effect to such reassignment, -------- Secured PartyAssignee's security interest and conditional assignment granted pursuant to Section 11 and Section 2, as well as all other rights and remedies of Secured Party Assignee granted hereunder, shall continue to be in full force and effect; and provided, further that the rights, title and -------- ------- interests so reassigned shall be free and clear of all Liens other than Liens (if any) encumbering such rights, title and interest at the time of their assignment to Secured Party Assignee and Permitted EncumbrancesLiens.

Reassignment of Collateral. If (a) an Event of Default -------------------------- shall have occurred and, by reason of cure, waiver, modification, amendment or otherwise, no longer be continuing, (b) no other Event of Default shall have occurred and be continuing, (c) an assignment to Secured Party Assignee of any rights, title and interests in and to the Collateral shall have been previously made and shall have become absolute and effective pursuant to Section 12(f2, Section 13(f) or Section 15(b16(b), and (d) the Secured Obligations shall not have become immediately due and payable, upon the written request of Grantor Assignor and the written consent of Secured PartyAssignee, Secured Party Assignee shall promptly execute and deliver to Grantor Assignor such assignments as may be necessary to reassign to Grantor Assignor any such rights, title and interests as may have been assigned to Secured Party Assignee as aforesaid, subject to any disposition thereof that may have been properly made by Secured Party Assignee pursuant hereto; provided PROVIDED that, after giving effect to such reassignment, -------- Secured PartyAssignee's security interest and conditional assignment granted pursuant to Section 11 and Section 2, as well as all other rights and remedies of Secured Party Assignee granted hereunder, shall continue to be in full force and effect; and providedPROVIDED, further FURTHER that the rights, title and -------- ------- interests so reassigned shall be free and clear of all Liens other than Liens (if any) encumbering such rights, title and interest at the time of their assignment to Secured Party Assignee and Permitted EncumbrancesLiens permitted under the Credit Agreement.

Reassignment of Collateral. If (a) an Event of Default -------------------------- shall have occurred and, by reason of cure, waiver, modification, amendment or otherwise, no longer be continuing, (b) no other Event of Default shall have occurred and be continuing, (c) an assignment to Secured Party Assignee of any rights, title and interests in and to the Collateral shall have been previously made and shall have become absolute and effective pursuant to Section 12(f2, Section 13(f) or Section 15(b16(b), and (d) the Secured Obligations shall not have become immediately due and payable, upon the written request of Grantor Assignor and the written consent of Secured Party, Secured Party Assignee; then Assignee shall promptly execute and deliver to Grantor Assignor such assignments as may be necessary to reassign to Grantor Assignor any such rights, title and interests as may have been assigned to Secured Party Assignee as aforesaid, subject to any disposition thereof that may have been properly made by Secured Party Assignee pursuant hereto; provided that, after giving effect to such reassignment, -------- Secured PartyAssignee's security interest and conditional assignment granted pursuant to Section 11 and Section 2, as well as all other rights and remedies of Secured Party Assignee granted hereunder, shall continue to be in full force and effect; and provided, further that the rights, title and -------- ------- interests so reassigned shall be free and clear of all Liens other than Liens (if any) encumbering such rights, title and interest at the time of their assignment to Secured Party and Permitted Encumbrances.of

Reassignment of Collateral. If (a) an Event of Default -------------------------- shall have occurred and, by reason of cure, waiver, modification, amendment or otherwise, no longer be continuing, (b) no other Event of Default shall have occurred and be continuing, (c) an assignment to Secured Party Collateral Agent of any rights, title and interests in and to the Collateral shall have been previously made and shall have become absolute and effective pursuant to Section 12(f2, Section 13(f) or Section 15(b16(b), and (d) the Secured Obligations shall not have become immediately due and payable, upon the written request of Grantor Assignor and the written consent of Secured PartyCollateral Agent, Secured Party Collateral Agent shall promptly execute and deliver to Grantor Assignor such assignments as may be necessary to reassign to Grantor Assignor any such rights, title and interests as may have been assigned to Secured Party Collateral Agent as aforesaid, subject to any disposition thereof that may have been properly made by Secured Party Collateral Agent pursuant hereto; provided that, after giving effect to such reassignment, -------- Secured PartyCollateral Agent's security interest and conditional assignment granted pursuant to Section 11 and Section 2, as well as all other rights and remedies of Secured Party Collateral Agent granted hereunder, shall continue to be in full force and effect; and provided, further that the rights, title and -------- ------- interests so reassigned shall be free and clear of all Liens other than Liens (if any) encumbering such rights, title and interest at the time of their assignment to Secured Party Collateral Agent and Permitted Encumbrances.