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. 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.
Examples of Assigned Interest in a sentence
Pursuant to an agreement dated _________________ between Assignor and Assignee, Assignor agreed to convey to the Assignee, an interest in the Master Agreement as described in the attached Schedule "A" (the "Assigned Interest").
The Master Agreement shall continue in full force and effect as of the Effective Date with the Assignee made a party to the Master Agreement in respect of the Assigned Interest and as so amended is ratified and confirmed by each party.
The Third Party has agreed to recognize and accept the Assignee as a party to the Master Agreement to the extent of the Assigned Interest, and to provide for a release and discharge of the Assignor as a party to the Master Agreement to the extent of the Assigned Interest, as of the Effective Date.
The Third Party consents to such disposition and waives any and all prior or pre-emptive rights (if any), rights to purchase, rights of first refusal and rights to restrict (or to require consent to) assignments or dispositions with respect to the Assignee acquiring the Assigned Interest and discharging the Assignor of same.
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.
More Definitions of Assigned Interest
Assigned Interest shall have the meaning assigned to such term in Section 4(iii).
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 $ and (ii) to make Loans 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 $ (the “Loan Balance”), plus the interest and fees which will accrue with respect thereto from and after the Assignment Date.
Assigned Interest. See Schedules attached hereto [7. Trade Date: ______________]4 [Remainder of Page Intentionally Left Blank] 4 To be completed if the Assignor and the Assignees intend that the minimum assignment amount is to be determined as of the Trade Date. Effective Date: _____________ ___, 2____ [TO BE INSERTED BY THE 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: Name: Title: ASSIGNEES See Schedules attached hereto [Consented to and]5 Accepted: XXXXX FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Issuing Lender and Swingline Lender By:_________________________________ Name: Title: [Consented to:]6 UBIQUITI INC., as Borrower By:________________________________ Name: Title: 5 To be added only if the consent of the Administrative Agent and/or the Swingline Lender and Issuing Lender is required by the terms of the Credit Agreement. May also use a Master Consent. 6 To be added only if the consent of the Borrower is required by the terms of the Credit Agreement. May also use a Master Consent. SCHEDULE 1 To Assignment and Assumption By its execution of this Schedule, the Assignee identified on the signature block below agrees to the terms set forth in the attached Assignment and Assumption. Assigned Interests: Facility Assigned1 Aggregate Amount of Percentage CUSIP Number Amount of Commitment/ Assigned of Commitment/ Loans Assigned3 Commitment/ Loans for all Loans 4 Lenders2 $ $ % $ $ % $ $ % [NAME OF ASSIGNEE]5 [and is an Affiliate of [identify Lender]6] By:______________________________ Title: 1 Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Agreement (e.g. “Revolving Credit Commitment”). 2 Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date. 3 Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date. 4 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 5 Add additional signature blocks, as needed. 6 Select as appropriate.
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 Loans 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. The Assignee, upon the execution of this Assignment of Membership Interest, hereby accepts from the Assignor the Assigned Interest and agrees to become a successor member of Pledged Entity in the place and stead of the Assignor to the extent of the Assigned Interest and to be bound by the terms and provisions of the Operating Agreement.
Assigned Interest. Facility Assigned2 Aggregate Amount of Amount of Percentage Assigned of Commitment/Loans for Commitment/Loans Commitment/Loans3 all Lenders Assigned $ $ % $ $ % $ $ % 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 Assignee agrees to deliver to the Administrative Agent a completed Administrative Questionnaire in which the Assignee designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about the Company, the Loan Parties and their Related Parties or their respective securities) will be made available and who may receive such information in accordance with the Assignee’s compliance procedures and applicable laws, including federal and state securities laws. The terms set forth in this Assignment and Assumption are hereby agreed to: ASSIGNOR [NAME OF ASSIGNOR] By:______________________________ Name:____________________________ Title:_____________________________ ASSIGNEE [NAME OF ASSIGNEE] By:______________________________ Name:___________________________ Title:_____________________________ 2 Fill in the appropriate terminology for the types of facility under the Credit Agreement that is being assigned under this Assignment (e.g. “Commitment”) 3 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 3
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.