Examples of Assigning Lenders in a sentence
Borrower will use the proceeds of the Revolving Loans and Swingline Loans on and after the Restatement Date for the repayment of any Term Loans assigned to HF-4 by the Assigning Lenders, for general corporate and working capital purposes (including to effect any Permitted Acquisitions), for Capital Expenditures and for other corporate purposes consistent with the terms of this Agreement.
On the Third Amendment Effective Date, prior to giving effect to the exchange set forth in Section 1(c) hereof, the Lenders, including the New Lenders, shall acquire, the Loans of the Assigning Lenders under the Existing Credit Agreement, in each case as allocated by the Administrative Agent.
Subject to the last paragraph of Section D above, the Assigning Lender hereby assigns, delegates, transfers, conveys and delivers, and the Lenders agree to accept the assignment, delegation, transfer, conveyance and delivery of, all of the Assigning Lender's right, title and interest in and to the Assigning Lender's outstanding Credit Extensions and Commitments under the Credit Agreement as of the Tenth Amendment Effective Date (the "Assigned Portion").
The Assigning Lenders and the Assignee Lenders, severally and not jointly, hereby agree, on the Restatement Effective Date, to effect any inter-Lender transfers necessary to cause each Lender to hold the portion of the Revolving Loan Commitment and the portion of the Term Loan set forth beside such Lender’s name on Schedules 1.1(a) and 1.1(b).
Contemporaneously with the execution and delivery of this Agreement, the Assigning Lenders are assigning their portion of the Revolving Loan to the Acquiring Lender, which is an Eligible Assignee, and endorsing their Revolving Notes to the Acquiring Lender.