Common use of Restrictions on Assignments by the Borrower and the Servicer Clause in Contracts

Restrictions on Assignments by the Borrower and the Servicer. Except as specifically provided herein, neither the Borrower nor the Servicer may assign any of their respective rights or obligations hereunder or any interest herein without the prior written consent of the Facility Agent and the Required Lenders in their respective sole discretion and any attempted assignment in violation of this Section 15.1 shall be null and void.

Appears in 9 contracts

Samples: Loan Financing and Servicing Agreement (Vista Credit Strategic Lending Corp.), Loan Financing and Servicing Agreement (Silver Point Specialty Lending Fund), Loan Financing and Servicing Agreement (MSD Investment Corp.)

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Restrictions on Assignments by the Borrower and the Servicer. Except as specifically provided herein, neither the Borrower nor the Servicer may assign any of their respective rights or obligations hereunder or any interest herein without the prior written consent of the Facility Agent and (a) with respect to the Borrower, all Lenders or (b) with respect to the Servicer, the Required Lenders Lenders, in their respective sole discretion and any attempted assignment in violation of this Section 15.1 shall be null and void.

Appears in 1 contract

Samples: Loan Financing and Servicing Agreement (Stellus Private Credit BDC)

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