Examples of Borrower Assignment Effective Date in a sentence
No interest shall accrue with respect to the Assigned Interest from and after the Borrower Assignment Effective Date and such Assigned Interest shall, from and after the Borrower Assignment Effective Date, and without further action by any Person, be deemed cancelled for all purposes and no longer outstanding.
Payment to the Assignor by the Assignee in respect of the settlement of the assignment of the Assigned Interest shall be paid by Assignee directly to the Assignor and shall include all unpaid interest that has accrued in respect of the Assigned Interest through the Borrower Assignment Effective Date.
On the Borrower Assignment Effective Date, no Default or Event of Default has occurred and is continuing or would result from this Assignment.
Effective as of the Borrower Assignment Effective Date, Assignee joins in and becomes a party to (a) the Credit Agreement as a Borrower and a Loan Party thereunder for all purposes thereof, and (b) the other Loan Documents to which Assignor is a party, in the case of each of clause (a) and (b), to the extent set forth herein.
From and after such Borrower Assignment Effective Date, no interest shall accrue and any Term Loans purchased by the Purchaser shall be deemed cancelled for all purposes and no longer outstanding.
However, as per the design and size (length) of the wagons, rake size of different stock varies.
Effective as of the Borrower Assignment Effective Date, Assignor hereby irrevocably assigns to Assignee, with respect to 364-Day Term Loans having an aggregate principal amount of $[ ](1) and Three-Year (1) Must be equal to or greater than $5,000,000.
No interest shall accrue from and after the Borrower Assignment Effective Date and the Assigned Interest shall be deemed cancelled for all purposes and no longer outstanding.
This Agreement will become effective on the date (the “ Borrower Assignment Effective Date ”) on which the conditions set forth in Section 4.2 of the Credit Agreement with respect to this Agreement have been satisfied or waived.
Xxxxxxx Title: Managing Director Senior Subordinated Unsecured Credit and Guaranty Agreement BORROWER ASSIGNMENT AND ASSUMPTION AGREEMENT This Borrower Assignment and Assumption Agreement (the “Assignment”) is dated as of the Borrower Assignment Effective Date and is entered into by and between ________________________ (the “Assignor”) and Aeroflex Incorporated (the “Assignee”).