Sale of Interests. Lender is expressly permitted to sell, assign, transfer, negotiate or grant participation in all or any part of or any interest in, its rights and obligations under this Agreement. Except with respect to a transfer to an affiliate of Lender, notice of any such sale, assignment, transfer, negotiation or grant by Lender shall be given to Borrower within a reasonable time period after such event. Upon surrender of the Note at the office of the Borrower, the Borrower shall execute and deliver one or more replacement Notes in the name of the transferee(s) and, if only a part of the Loan is transferred, in the name of Lender.
Appears in 4 contracts
Samples: Secured Convertible Credit Facility and Security Agreement (Carecentric Inc), Secured Convertible Credit Facility and Security Agreement (Carecentric Inc), Secured Convertible Credit Facility (Carecentric Inc)
Sale of Interests. Lender is expressly permitted to sell, assign, transfer, negotiate or grant participation in all or any part of or any interest in, its rights and obligations under this Agreement. Except with respect to a transfer to an affiliate of Lender, notice of any such sale, assignment, transfer, negotiation or grant by Lender shall be given to Borrower within a reasonable time period after such event. Upon surrender of the Note at the office of the Borrower, the Borrower shall execute and deliver one or more replacement Notes in the name of the transferee(s) and, if only a part of the Loan Loans is transferred, in the name of Lender.
Appears in 2 contracts
Samples: Secured Convertible Credit Facility and Security Agreement (Simione Central Holdings Inc), Secured Convertible Credit Facility and Security Agreement (Reed John E)
Sale of Interests. Lender is expressly permitted to sell, assign, transfer, negotiate or grant participation in all or any part of or any interest in, its rights and obligations under this Agreement. Except with respect to a transfer to an affiliate of Lender, notice of any such sale, assignment, transfer, negotiation or grant by Lender shall be given to Borrower within a reasonable time period after such event. Upon surrender of the this Senior Note at the office of the Borrower, the Borrower shall execute and deliver one or more replacement Notes in the name of the transferee(s) and, if only a part of the Loan is transferred, in the name of Lender).
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