Example ContractsClausesapproved fundVariants
Approved Fund
Approved Fund contract clause examples

Eligible Assignee: a Person that is # a Lender or an Affiliate or Related Fund of a Lender; # an Approved Fund approved by Agent and AGM (which approval shall not be unreasonably withheld (it being acknowledged that the withholding of consent by AGM with respect to an Approved Fund that is a vulture fund or distressed debt purchaser shall not be considered unreasonable) or delayed, and shall be deemed given if no objection is made within ten Business Days after notice of the proposed assignment); and # during an Event of Default, any Person.

Eligible Assignee: # a Lender, Affiliate of a Lender or Approved Fund; # an assignee approved by Borrower Agent (which approval shall not be unreasonably withheld or delayed, and shall be deemed given if no objection is made within five Business Days after notice of the proposed assignment) and Agent; or # during an Event of Default, any Person acceptable to Agent in its discretion.

Eligible Assignee”: a Person that is # a Lender (except for any Defaulting Lender and its Affiliates), Affiliate of a Lender or Approved Fund and # any other assignee (other than a natural person) approved by Administrative Agent (which approval by Administrative Agent shall not be unreasonably withheld or delayed) and, so long as no Event of Default has occurred and is continuing, approved by Borrower Agent (which approval by Borrower Agent shall not be unreasonably withheld or delayed, and shall be deemed given if no objection is made within 10 Business Days after written (which for this purpose may include email) notice of the proposed assignment is given to Borrower Agent).

Eligible Assignee: # a Lender, Affiliate of a Lender or Approved Fund that satisfies [Section 12.13]; # an assignee approved by Borrower Agent (which approval shall not be unreasonably withheld or delayed, and shall be deemed given if no objection is made within five (5) Business Days after notice of the proposed assignment) and Agent; or # during an Event of Default, any Person (other than a Defaulting Lender, a natural Person or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural Person) acceptable to Agent in its discretion.

Eligible Assignee”: # A Lender; # an Affiliate of a Lender; # an Approved Fund, and # any other Person (other than a natural person) approved by # Agent, and # unless an Event of Default has occurred and is continuing, Borrower (each such approval not to be unreasonably withheld or delayed); provided that notwithstanding the foregoing, “Eligible Assignee” shall not include # Borrower or any of Borrower’s or the Guarantors’ Affiliates or Subsidiaries and # so long as no payment or bankruptcy related Event of Default shall have occurred and is continuing, any Disqualified Lender.

Eligible Assignee”: # A Lender; # an Affiliate of a Lender; # an Approved Fund, and # any other Person (other than a natural person) approved by # Agent, and # unless an Event of Default has occurred and is continuing, the Borrowers (each such approval not to be unreasonably withheld or delayed); provided that notwithstanding the foregoing, “Eligible Assignee” shall not include # any Borrower or any of the Borrowers’ or the Guarantors’ Affiliates or Subsidiaries and # so long as no payment or bankruptcy related Event of Default shall have occurred and is continuing, any Disqualified Lender.

Eligible Assignee” means # a Lender, # an Affiliate of a Lender, # an Approved Fund, and # any other Person (other than a natural person) approved by Agent; provided, however, that notwithstanding the foregoing, so long as no Event of Default has occurred and is continuing under Section 10.01(a), [Section 10.1(c)] as a result of a breach of Section 9.1 or [Section 10.1(o)], “Eligible Assignee” shall not include # any Credit Party or any Subsidiary of a Credit Party, # any Competitor, or # any hedge fund or private equity fund (other than any Affiliate of a Lender or an Approved Fund) that is primarily and directly engaged in the business of purchasing distressed debt. Notwithstanding the foregoing, in connection with assignments by a Lender due to a forced divestiture at the request of any regulatory agency, the restrictions set forth herein shall not apply and Eligible Assignee shall mean any Person or party becoming an assignee incident to such forced divestiture.

Eligible Assignee” means # a Lender; # an Affiliate of a Lender; # an Approved Fund; and # any other Person (other than a natural person) approved by # the Administrative Agent, and # unless an Event of Default has occurred and is continuing, the Borrower (each such approval not to be unreasonably withheld or delayed); provided that notwithstanding the foregoing, “Eligible Assignee” shall not include the Borrower or any of the Borrower’s Affiliates or Subsidiaries.

Eligible Assignee” means # a Lender, # any Affiliate of a Lender approved by the Lenders, # any Approved Fund approved by the Lenders or # any other Person (other than a natural Person) approved by Lenders and, unless an Event of Default has occurred and is continuing at the time any assignment is effected in accordance with Section 9.7, the Borrower.

Eligible Assignee. Means # a Lender, # an Affiliate of a Lender, # an Approved Fund, and # any other Person (other than a natural person) approved by # the Administrative Agent and # unless a Default or Event of Default shall exist, the Borrowers (each such approval not to be unreasonably withheld or delayed); provided that notwithstanding the foregoing, “Eligible Assignee” shall not include the Borrowers or any of the Borrowers’ Affiliates or Subsidiaries.

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