Common use of Sale and Assignment Clause in Contracts

Sale and Assignment. Subject to the terms and conditions of this Assignment Agreement, Assignor Lender hereby agrees to sell, assign and delegate to each Assignee Lender and each Assignee Lender hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender under the Credit Agreement and the other Credit Documents with Commitments or Loans equal to the respective amounts set forth under the caption "Commitments or Loans Assigned" opposite such Assignee Lender's name on Attachment 1 hereto. Such sale, assignment and delegation shall become effective on the date designated in Attachment 1 hereto (the "Assignment Effective Date"), which date shall be, unless Agent shall otherwise consent, at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to Agent in accordance with Paragraph 3 hereof.

Appears in 6 contracts

Samples: Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD), Credit Agreement (Lsi Logic Corp)

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Sale and Assignment. Subject to On the terms and subject to the conditions of this Assignment Agreement, Assignor Lender hereby agrees to sell, assign and delegate to each Assignee Lender and each Assignee Lender hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender under the Credit Agreement and the other Credit Documents with Commitments or Loans equal to the respective amounts having a Revolving Loan Commitment, Term Loan and corresponding Proportionate Shares as set forth under the caption "Commitments or Loans Assigned" Column 1 opposite such Assignee Lender's ’s name on Attachment 1 hereto. Such sale, assignment and delegation shall become effective on the date designated in Attachment 1 hereto (the "Assignment Effective Date"), which date shall be, unless the Administrative Agent shall otherwise consent, at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to the Administrative Agent in accordance with Paragraph Section 3 hereof.

Appears in 4 contracts

Samples: Credit Agreement (Smile Brands Group Inc.), Credit Agreement (Sands Regent), Assignment Agreement (Full House Resorts Inc)

Sale and Assignment. Subject to On the terms and subject to the conditions of this Assignment Agreement, Assignor Lender hereby agrees to sell, assign and delegate to each Assignee Lender and each Assignee Lender hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender under the Credit Agreement and the other Credit Documents with Commitments or Loans equal to the respective amounts having a Revolving Loan Commitment and corresponding Revolving Proportionate Shares as set forth under the caption "Commitments or Loans Assigned" Column 1 opposite such Assignee Lender's ’s name on Attachment 1 hereto. Such sale, assignment and delegation shall become effective on the date designated in Attachment 1 hereto (the "Assignment Effective Date"), which date shall be, unless the Administrative Agent shall otherwise consent, at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to the Administrative Agent in accordance with Paragraph Section 3 hereof.

Appears in 3 contracts

Samples: Credit Agreement (IPC the Hospitalist Company, Inc.), Credit Agreement (Shuffle Master Inc), Credit Agreement (American Commercial Lines Inc.)

Sale and Assignment. Subject to the terms and conditions of this Assignment Agreement, Assignor Lender Bank hereby agrees to sell, assign and delegate to each Assignee Lender Bank and each Assignee Lender Bank hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender Bank under the Credit Agreement and the other Credit Documents with Commitments or Loans equal to the respective amounts Proportionate Share set forth under the caption "Commitments or Loans AssignedProportionate Share Transferred" opposite such Assignee LenderBank's name on Attachment 1 I hereto. Such sale, assignment and delegation shall become effective on the date designated in Attachment 1 I hereto (the "Assignment Effective Date"), which date shall be, unless Agent shall otherwise consent, at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to Agent in accordance with Paragraph 3 hereof.

Appears in 2 contracts

Samples: Credit Agreement (Indus International Inc), Credit Agreement (Indus International Inc)

Sale and Assignment. Subject to On the terms and subject to the conditions of this Assignment Agreement, Assignor Lender hereby agrees to sell, assign and delegate to each Assignee Lender and each Assignee Lender hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender under the Credit Agreement and the other Credit Documents with Commitments or Loans equal to the respective amounts having a Revolving Loan Commitment and corresponding Proportionate Share as set forth under the caption "Commitments or Loans Assigned" Column 1 opposite such Assignee Lender's ’s name on Attachment 1 hereto. Such sale, assignment and delegation shall become effective on the date designated in Attachment 1 hereto (the "Assignment Effective Date"), which date shall be, unless the Administrative Agent shall otherwise consent, at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to the Administrative Agent in accordance with Paragraph Section 3 hereof.

Appears in 1 contract

Samples: Credit Agreement (Coldwater Creek Inc)

Sale and Assignment. Subject to On the terms and subject to the conditions of this Assignment Agreement, Assignor Lender hereby (i) agrees to sell, assign and delegate without recourse to each Assignee Lender and each Assignee Lender hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender under the Credit Agreement and the other Credit Loan Documents with Commitments or Loans equal to the respective amounts having a Commitment and corresponding Percentage Share as set forth under the caption "Commitments or Loans Assigned" Column 1 opposite such Assignee Lender's ’s name on Attachment 1 hereto. Such sale, assignment and delegation shall become effective on the date designated in Attachment 1 hereto (the "Assignment Effective Date"), which date shall be, unless the Administrative Agent shall otherwise consent, at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to the Administrative Agent in accordance with Paragraph Section 3 hereof.

Appears in 1 contract

Samples: Credit Agreement (Titan Machinery Inc.)

Sale and Assignment. Subject to the terms and conditions of this Assignment Agreement, Assignor Lender hereby agrees to sell, assign and delegate to each Assignee Lender and each Assignee Lender hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender under the Credit Agreement and the other Credit Documents with Commitments or Loans equal to the respective amounts set forth under the caption "Commitments or Loans Assigned," opposite such Assignee Lender's name on Attachment 1 hereto. Such sale, assignment and delegation shall become effective on the date designated in Attachment 1 hereto (the "Assignment Effective Date"), which date shall be, unless Agent shall otherwise consent, at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to Agent in accordance with Paragraph 3 hereof.

Appears in 1 contract

Samples: Credit Agreement (Flextronics International LTD)

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Sale and Assignment. Subject to the terms and conditions of this Assignment Agreement, Assignor Lender hereby agrees to sell, assign and delegate to each Assignee Lender and each Assignee Lender hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender under the Credit Agreement and the other Credit Documents with Commitments or Loans equal to the respective amounts having a Commitment as set forth under the caption "Commitments or Loans AssignedCommitment Transferred" opposite such Assignee Lender's name on Attachment 1 heretohereto and a corresponding Proportionate Share. Such sale, assignment and delegation shall become effective on the date designated in Attachment 1 hereto (the "Assignment Effective Date"), which date shall be, unless Agent shall otherwise consent, at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to Agent in accordance with Paragraph 3 hereof.

Appears in 1 contract

Samples: Credit Agreement (Silicon Valley Group Inc)

Sale and Assignment. Subject to the terms and conditions of this Assignment Agreement, Assignor Lender hereby agrees to sell, assign and delegate to each Assignee Lender and each Assignee Lender hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender under the Credit Agreement and the other Credit Documents with Commitments or Loans equal to the respective amounts Proportionate Share set forth under the caption "Commitments or Loans AssignedProportionate Share Transferred" opposite such Assignee Lender's name on Attachment 1 ATTACHMENT I hereto. Such sale, assignment and delegation shall become effective on the date designated in Attachment 1 ATTACHMENT I hereto (the "Assignment Effective DateASSIGNMENT EFFECTIVE DATE"), which date shall be, unless Agent shall otherwise consent, be at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to Agent in accordance with Paragraph 3 hereof.

Appears in 1 contract

Samples: Credit Agreement (Adac Laboratories)

Sale and Assignment. Subject to On the terms and subject to the conditions of this Assignment Agreement, Assignor Lender hereby agrees to sell, assign and delegate to each Assignee Lender and each Assignee Lender hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender under the Credit Agreement and the other Credit Loan Documents with Commitments or Loans equal to the respective amounts having a Revolving Loan Commitment and corresponding Revolving Proportionate Share as set forth under the caption "Commitments or Loans Assigned" Column 1 opposite such Assignee Lender's ’s name on Attachment 1 hereto. Such sale, assignment and delegation shall become effective on the date designated in Attachment 1 hereto (the "Assignment Effective Date"), which date shall be, unless the Administrative Agent shall otherwise consent, at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to the Administrative Agent in accordance with Paragraph Section 3 hereof.

Appears in 1 contract

Samples: Credit Agreement (Monarch Casino & Resort Inc)

Sale and Assignment. Subject to the terms and conditions of this Assignment Agreement, Assignor Lender hereby agrees to sell, assign and delegate to each Assignee Lender and each Assignee Lender hereby agrees to purchase, accept and assume the rights, obligations and duties of a Lender under the Credit Agreement and the other Credit Documents with Commitments or Loans equal to the respective amounts having a Revolving Loan Commitment and/or a Term Loan and corresponding Proportionate Share(s) as set forth under the caption "Commitments or Loans Assigned" Column 1 opposite such Assignee Lender's name on Attachment 1 hereto. Such sale, assignment and delegation shall become effective on the date designated in Attachment 1 hereto (the "Assignment Effective Date"), which date shall be, unless the Administrative Agent shall otherwise consent, at least five (5) Business Days after the date following the date counterparts of this Assignment Agreement are delivered to the Administrative Agent in accordance with Paragraph SECTION 3 hereof.

Appears in 1 contract

Samples: Credit Agreement (Argosy Gaming Co)

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