Terms of Assignment. Any assignment that is not undertaken in accordance with the provisions set forth above shall be null and void ab initio. A Party making any assignment shall promptly notify the other Party of such assignment, regardless of whether consent is required. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and permitted assigns.
Terms of Assignment. (a) Date of Assignment: _____________, 199_
(b) Legal Name of Assignor: SEE SIGNATURE PAGE
(c) Legal Name of Assignee: SEE SIGNATURE PAGE
(d) Effective Date of Assignment: ____________, 199_ See Schedule I attached for a description of the Loans and Obligations and ---------- Commitments (and the percentage interests therein and relating thereto) which are the subject of this Assignment and Acceptance.
Terms of Assignment. Date of Assignment:
Terms of Assignment. (a) Date of Assignment: _________________
(b) Legal Name of Assignor: _________________
(c) Legal Name of Assignee: _________________
Terms of Assignment. (a) Date of Assignment __________________
(b) Legal Name of Assignor __________________
(c) Legal Name of Assignee __________________
(d) Effective Date of Assignment __________________
(e) Revolving Loan Commitment Percentage assigned _____________%
(f) Total Revolving Loans outstanding as of Effective Date $______________
(g) Principal Amount of Revolving Loan assigned on Effective Date (the amount set forth in (f) multiplied by the percentage set forth in (e)) $______________
(h) Revolving Committed Amount $______________
(i) Principal Amount of Revolving Committed Amount Assigned on the Effective Date (the amount set forth in (h) multiplied by the percentage set forth in (e)) $______________
(j) Term Loan Commitment Percentage assigned _____________%
(k) Total Term Loans outstanding as of Effective Date $______________
(l) Principal Amount of Term Loans assigned on Effective Date (the amount set forth in (k) multiplied by the percentage set forth in (j)) $______________
Terms of Assignment. (a) Date of Assignment:
(b) Legal Name of Assignor:
(c) Legal Name of Assignee: 159 (d) Effective Date of Assignment: Commitment Percentage Assigned (expressed as a percentage set forth to at least 8 decimals) %
Terms of Assignment. (a) Date of Assignment:
(b) Legal Name of Assignor:
(c) Legal Name of Assignee:
(d) Effective Date of Assignment:
(e) Commitment of Assignee after giving effect to this Assignment and Acceptance as of the Effective Date $_________________
(f) Commitment of Assignor after giving effect to this Assignment and Acceptance as of the Effective Date $_________________
(g) Commitment Percentage of Assignee after giving effect to this Assignment and Acceptance as of the Effective Date (set forth to at least 8 decimals) %
(h) Commitment Percentage of Assignor after giving effect to this Assignment and Acceptance as of the Effective Date (set forth to at least 8 decimals) %
Terms of Assignment. It is acknowledged and agreed by the parties hereto that Agent shall have sole and exclusive possession of the Collateral and that this Assignment constitutes a present, absolute and current assignment of all the Collateral and is effective upon the execution and delivery hereof. Payments under or with respect to the Collateral shall be made as follows:
(a) Assignor shall have no right to receive payments made under or with respect to the Collateral, and all such payments shall be delivered directly by the applicable Maker to Agent for application by Agent in accordance with the provisions of the Loan Documents.
(b) If Assignor shall receive any payments made under or with respect to the Collateral, Assignor shall hold all such payments in trust for Agent, will not commingle such payments with other funds of such Assignor, and will immediately pay and deliver in kind all such payments directly to Agent (with such endorsements and assignments as may be necessary to transfer title to Agent) for application by Agent in accordance with the provisions of the Loan Documents.
(c) Assignor hereby agrees for the benefit of Maker that all payments actually received by Agent hereunder or pursuant hereto shall be deemed payments to Assignor by the applicable Maker. Agent shall apply any and all such payments actually received by Agent in accordance with the provisions of the Loan Documents.
(d) In furtherance of the foregoing, Assignor does hereby notify and direct Maker that all payments under or with respect to the Collateral shall be made directly to Agent at the address of Agent set forth in the Credit Agreement, provided that Agent shall not request any Maker to make such payments directly to Agent until the occurrence of an Event of Default. Notwithstanding anything in this Section 2.02 to the contrary, so long as no Event of Default has occurred, Assignor shall have a license (revocable upon the occurrence of an Event of Default) to collect all amounts payable to be applied as current interest under the Collateral Documents as and when the same become due but not prior to such time; it being understood and agreed that such license shall not extend to other amounts payable under the Collateral Notes or other Collateral Documents, including, without limitation, any amounts paid thereunder which are voluntary or involuntary payments of principal, or amounts to be applied against or attributable to principal, except as otherwise specifically set forth in the Loan D...
Terms of Assignment. (a) Date of Assignment:
(b) Legal Name of Assignor:
(c) Legal Name of Assignee:
(d) Effective Date of Assignment:
(e) Commitment Percentage Assigned (expressed as a percentage set forth to at least 8 decimals) %
(f) Commitment Percentage of Assignee after giving effect to this Assignment and Acceptance as of the Effective Date (set forth to at least 8 decimals) %
(g) Commitment Percentage of Assignor after giving effect to this Assignment and Acceptance as of the Effective Date (set forth to at least 8 decimals) %
(h) Aggregate Commitments as of Effective Date $_____________
(i) Dollar Amount of Assignor's Commitment Percentage as of the Effective Date (the amount set forth in (h) multiplied by the percentage set forth in (g)) $_____________
(j) Dollar Amount of Assignee's Commitment Percentage as of the Effective Date (the amount set forth in (h) multiplied by the percentage set forth in (f)) $_____________
