Assigned Interest means all of Assignor's (in its capacity as a "Lender") rights and obligations under the Credit Agreement in respect of the Commitment of the Assignor in the principal amount equal to $____________, and to make Loans under the Commitment and any right to receive payments for the Loans outstanding under the Commitment assigned hereby of $____________ (the "Loan Balance"), plus the interest and fees which will accrue from and after the Assignment Date.
Assigned Interest means (i) all of the respective Assignors’ rights and obligations in their respective capacities as Lenders under the Loan Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the Revolving Loan Commitments of the respective Assignors to the extent being assigned under this Agreement and (ii) to the extent permitted to be assigned under Applicable Law, all claims, suits, causes of action and any other right of the respective Assignors (in their respective capacities as Lenders) against any Person, whether known or unknown, arising under or in connection with the Loan Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above.
Assigned Interest means all of Assignor’s (in its capacity as a “Lender”) rights and obligations (i) under the Credit Agreement and the other Loan Documents in respect of [all of] [the portion of] the Facility Amount of the Assignor in the principal amount equal to $ , (ii) to make Loans and participate in Letter of Credit under its Commitment up to such amount referenced above and any right to receive payments for the Loans currently outstanding under its Commitment in the principal amount of $ , plus the interest and fees which will accrue with respect thereto from and after the Assignment Date.
Examples of Assigned Interest in a sentence
From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date.
From and after the Effective Date, the Administrative Agent shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued from and after the Effective Date.
From and after the Effective Date, the Administrative Agent shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignee whether such amounts have accrued prior to, on or after the Effective Date.
From and after the Effective Date, the Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date.
The Assignor represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby.
More Definitions of Assigned Interest
Assigned Interest between [Insert name of Assignor Assignor Insert name of Assignee] (the Assignee them in the Credit Agreement identified below (as amended, supplemented or otherwise Credit Agreement Aggregate Amount Percentage acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 of Amount of Assigned of attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Tranche of Loans/Commitment Loans/Commitments Loans/Commitments Assignment as if set forth herein in full. Loan s for all Lenders Assigned 28 $___________ _____________ $_______________ For an agreed consideration, the Assignor hereby irrevocably sells and assigns to _ _ ________________% the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below, the interest nt and any other documents or instruments delivered pursuant thereto that represents the amount and percentage 7. Additional Representations and Covenants of Assignee: Assigned Interest to the Assignor and, except as expressly provided in this Assignment, without representation or [If Assignee is an Affiliated Lender,] Assignee warranty by the Assignor. represents and warrants that (a) it is an Affiliated Lender; and (b) to the best of such Affiliated 1. Assignor: ______________________________ Effective Date, after giving effect to this 2. Assignee: ______________________________ is an Eligible Assignment, the aggregate principal amount of the Assignee [and a[n] [Lender/Affiliate of a Term Loans held by all Affiliated Lenders does not Lender/Related Fund]].26 exceed 30% of the total Commitments and Loans outstanding. By executing this Assignment, each 3. Borrower: 27 Affiliated Lender agrees to be bound by the terms of Section 9.04(l) of the Credit Agreement.
Assigned Interest shall have the meaning assigned to such term in Section 4(iii).
Assigned Interest means all of the Membership Interests in the Company held by Assignor, and all rights, title and privileges of Assignor relating thereto, which also constitutes 100% of the “Percentage Interests” [confirm] (as such term is defined in the Operating Agreement), including, without limitation, all rights to all capital, profits, losses, allocations and distributions, and rights to vote and grant or withhold consents and other rights and privileges under the Operating Agreement and the Ohio Limited Liability Company Act appurtenant to Assignor's Membership Interests assigned hereby.
Assigned Interest. Amount of Amount of Amount of Amount of Amount of Commitment/ Commitment/ Commitment/ Commitment/ Commitment/ Loans Loans Loans Loans Loans of Assignor of Assignee Assigned of Assignor of Assignee prior to prior to after after [Effective] [Effective] [Effective] [Effective] [Trade] Date [Trade] Date [Trade] Date [Trade] Date _______________________________________________________________________________ $ $ $ $ $ _______________________________________________________________________________ [7. Trade Date: ______________]2 Effective Date: _____________ ___, 20___ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] The terms set forth in this Assignment and Assumption are hereby agreed to: ASSIGNOR [NAME OF ASSIGNOR] By: ---------------------------- Title: ASSIGNEE [NAME OF ASSIGNEE] By: ---------------------------- Title: [Consented to and]3 Accepted: ABN AMRO BANK N.V., as Administrative Agent By: -------------------------- Title: _____________________ 2 To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date.
Assigned Interest means the interest in the Agreement which is the subject of an assignment and which is specified in a Notice of Assignment, but shall not include rights of the Assignor as operator.
Assigned Interest is defined in the recitals hereto.
Assigned Interest means (i) all of the respective Assignors’ rights and obligations in their respective capacities as Lenders under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the Commitments of the respective Assignors to the extent being assigned under this Agreement and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the respective Assignors (in their respective capacities as Lenders) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above.