Common use of Replacement of Purchasers Clause in Contracts

Replacement of Purchasers. If the Issuer is entitled to replace a Purchaser pursuant to the provisions of Section 3.03 or if any Purchaser is a Defaulting Purchaser or a Non-Consenting Purchaser, then the Issuer may, at its sole expense and effort, upon written notice to such Purchaser and the Administrative Agent, require such Purchaser to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 11.06), all of its interests, rights (other than its existing rights to payments pursuant to Sections 3.01 and 3.02) and obligations under this Agreement and the related Note Documents to an assignee that shall assume such obligations (which assignee may be another Purchaser, if a Purchaser accepts such assignment); provided, that:

Replacement of Purchasers. If the any Issuer is entitled to replace a Purchaser pursuant to the provisions of Section 3.03 10.04, or if any Purchaser is a Defaulting Purchaser or a Non-Consenting Purchaser, then the such Issuer may, at its sole expense and effort, upon written notice to such Purchaser and the Administrative Collateral Agent, require such Purchaser to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 11.0612.06), all of its interests, rights (other than its existing rights to payments pursuant to Sections 3.01 Section 3.01, 10.01 and 3.0210.02) and obligations under this Agreement and the related Note Documents to an assignee that shall assume such obligations (which assignee may be another Purchaser, if a Purchaser accepts such assignment); , provided, that:

Replacement of Purchasers. If the Issuer is entitled to replace a Purchaser pursuant to the provisions of Section 3.03 10.04, or if any Purchaser is a Defaulting Purchaser or a Non-Consenting Purchaser, then the Issuer may, at its sole expense and effort, upon written notice to such Purchaser and the Administrative Collateral Agent, require such Purchaser to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 11.0612.06), all of its interests, rights (other than its existing rights to payments pursuant to Sections 3.01 Section 3.01, 10.01 and 3.0210.02) and obligations under this Agreement and the related Note Documents to an assignee that shall assume such obligations (which assignee may be another Purchaser, if a Purchaser accepts such assignment); , provided, that: