Common use of Waiver; Assignment Clause in Contracts

Waiver; Assignment. (a) The requirements of Sections 12.4 and 12.12(c) of the Loan Agreement are hereby waived to the extent that such Sections require prior notice or execution and delivery of an assignment agreement to effect an assignment by any Lender that does not agree to extend its Revolving Loan Commitment as set forth in this Amendment. Accordingly, after giving effect to this Amendment, only those Lenders listed on Schedule A to this Amendment shall have any Revolving Loan Commitment or be considered Lenders under the Loan Agreement, with Revolving Loan Commitments in such amounts as set forth on Schedule A. The execution of this Amendment is evidence of the consent of the Company, the Swingline Lender, the Issuing Banks and the Administrative Agent to assignment of each Assignor’s (as defined below) Revolving Loan Commitments to the Assignees (as defined below), as required pursuant to Section 12.4(b)(iii) of the Loan Agreement.

Appears in 2 contracts

Samples: Loan Agreement (American Tower Corp /Ma/), Loan Agreement (American Tower Corp /Ma/)

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Waiver; Assignment. (a) The requirements of Sections 12.4 and 12.12(c) of the Loan Credit Agreement are hereby waived to the extent that such Sections require prior notice or execution and delivery of an assignment agreement to effect an assignment by any Lender that does not agree to extend its Revolving Loan Commitment as set forth in this Amendment. Accordingly, after giving effect to this Amendment, only those Lenders listed on Schedule A Exhibit B to this Amendment shall have any Revolving Loan Commitment or be considered Lenders under the Loan Credit Agreement, with Revolving Loan Commitments in such amounts as set forth on Schedule A. Exhibit B. The execution of this Amendment is evidence of the consent of the Company, the Swingline LenderLenders, the Issuing Banks and the Administrative Agent to assignment of each Assignor’s (as defined below) Revolving Loan Commitments to the Assignees (as defined below), as required pursuant to Section 12.4(b)(iii) of the Loan Credit Agreement.

Appears in 1 contract

Samples: Agreement (American Tower Corp /Ma/)

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Waiver; Assignment. (a) The requirements of Sections 12.4 and 12.12(c) of the Loan Credit Agreement are hereby waived to the extent that such Sections require prior notice or execution and delivery of an assignment agreement to effect an assignment by any Lender that does not agree to extend its Revolving Loan Commitment as set forth in this Amendment. Accordingly, after giving effect to this Amendment, only those Lenders listed on Schedule A Exhibit B to this Amendment shall have any Revolving Loan Commitment or be considered Lenders under the Loan Credit Agreement, with Revolving Loan Commitments in such amounts as set forth on Schedule A. Exhibit B. The execution of this Amendment is evidence of the consent of the CompanyBorrower, the Swingline LenderLenders, the Issuing Banks and the Administrative Agent to assignment of each Assignor’s (as defined below) Revolving Loan Commitments to the Assignees (as defined below), as required pursuant to Section 12.4(b)(iii) of the Loan Credit Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Tower Corp /Ma/)

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