Example ContractsClausesdisqualified lendersVariants
Disqualified Lenders
Disqualified Lenders contract clause examples

Except upon the occurrence and during the continuance of an Event of Default, no assignment or participation shall be made to, any Person that was a Disqualified Lender as of the date (the “Trade Date”) on which the assigning Lender entered into a binding agreement to sell and assign all or a portion of its rights and obligations under this Agreement to such Person (unless the Borrower has consented to such assignment in writing in its sole and absolute discretion, in which case such Person will not be considered a Disqualified Lender for the purpose of such assignment or participation). For the avoidance of doubt, with respect to any assignee or participant that becomes a Disqualified Lender after the applicable Trade Date (including as a result of the delivery of a notice pursuant to the definition of “Disqualified Lender”), # such assignee shall not retroactively be disqualified from becoming a Lender and # the execution by Borrower of an Assignment and Assumption with respect to such assignee will not by itself result in such assignee no longer being considered a Disqualified Lender. Any assignment in violation of this [Section 13.2.5] shall not be void, but the other provisions of this [Section 13.2.5] shall apply.

0">Except upon the occurrence and during the continuance of an Event of Default, no assignment2"> or participation shall be made 4">to,4">to any Person that was a Disqualified Lender as of the date (the “Trade Date”) on which the assigning Lender entered into a binding agreement to sell and assign all or a portion of its rights and obligations under this Agreement to such Person (unless the Borrower has consented to such assignment 6">in writing in its sole and absolute discretion,6">to such Person, in which case such Person will not be considered a Disqualified Lender for the purpose of such 8">assignment or participation)8">assignment[[Borrower:Organization]]. For the avoidance of doubt, with respect to any assignee10"> or participant that becomes a Disqualified Lender after the applicable Trade Date (including as a result of the delivery of a notice pursuant to the definition of “Disqualified Lender”), # such assignee shall not retroactively be disqualified from becoming a Lender and # the execution by 12">the Borrower of an Assignment and Assumption with respect to such assignee will not by itself result in such assignee no longer being considered a Disqualified Lender. Any assignment in violation of this 14">[Section 13.2.5]14">clause (g[[Borrower:Organization]](i[[Borrower:Organization]] shall not be void, but the other provisions of this 16">[Section 13.2.5]16">clause (g[[Borrower:Organization]] shall apply.

0">Except upon the occurrence and during the continuance of an Event of Default, no assignment2"> or participation shall be made 4">to,4">to any Person that was a Disqualified Lender as of the date (the “Trade Date”) on which the assigning Lender entered into a binding agreement to sell and assign all or a portion of its rights and obligations under this Agreement to such Person (unless the Borrower has consented to such assignment 6">in writing in its sole and absolute discretion,6">to such Person, in which case such Person will not be considered a Disqualified Lender for the purpose of such 8">assignment or participation)8">assignment[[Borrower:Organization]]. For the avoidance of doubt, with respect to any assignee10"> or participant that becomes a Disqualified Lender after the applicable Trade Date (including as a result of the delivery of a notice pursuant to the definition of “Disqualified Lender”), # such assignee shall not retroactively be disqualified from becoming a Lender and # the execution by 12">the Borrower of an Assignment and Assumption with respect to such assignee will not by itself result in such assignee no longer being considered a Disqualified Lender. Any assignment in violation of this 14">[Section 13.2.5]14">clause (g[[Borrower:Organization]](i[[Borrower:Organization]] shall not be void, but the other provisions of this 16">[Section 13.2.5]16">clause (g[[Borrower:Organization]] shall apply.

0">Except upon the occurrence and during the continuance of an Event of Default, no assignment2"> or participation shall be made 4">to,4">to any Person that was a Disqualified Lender as of the date (the “Trade Date”) on which the assigning Lender entered into a binding agreement to sell and assign all or a portion of its rights and obligations under this Agreement to such Person (unless the Borrower has consented to such assignment 6">in writing in its sole and absolute discretion,6">to such Person, in which case such Person will not be considered a Disqualified Lender for the purpose of such 8">assignment or participation)8">assignment[[Borrower:Organization]]. For the avoidance of doubt, with respect to any assignee10"> or participant that becomes a Disqualified Lender after the applicable Trade Date (including as a result of the delivery of a notice pursuant to the definition of “Disqualified Lender”), # such assignee shall not retroactively be disqualified from becoming a Lender and # the execution by 12">the Borrower of an Assignment and Assumption with respect to such assignee will not by itself result in such assignee no longer being considered a Disqualified Lender. Any assignment in violation of this 14">[Section 13.2.5]14">clause (g[[Borrower:Organization]](i[[Borrower:Organization]] shall not be void, but the other provisions of this 16">[Section 13.2.5]16">clause (g[[Borrower:Organization]] shall apply.

0">Except upon the occurrence and during the continuance of an Event of Default, no assignment2"> or participation shall be made 4">to,4">to any Person that was a Disqualified Lender as of the date (the “Trade Date”) on which the assigning Lender entered into a binding agreement to sell and assign all or a portion of its rights and obligations under this Agreement to such Person (unless the Borrower has consented to such assignment 6">in writing in its sole and absolute discretion,6">to such Person, in which case such Person will not be considered a Disqualified Lender for the purpose of such 8">assignment or participation)8">assignment[[Borrower:Organization]]. For the avoidance of doubt, with respect to any assignee10"> or participant that becomes a Disqualified Lender after the applicable Trade Date (including as a result of the delivery of a notice pursuant to the definition of “Disqualified Lender”), # such assignee shall not retroactively be disqualified from becoming a Lender and # the execution by 12">the Borrower of an Assignment and Assumption with respect to such assignee will not by itself result in such assignee no longer being considered a Disqualified Lender. Any assignment in violation of this 14">[Section 13.2.5]14">clause (g[[Borrower:Organization]](i[[Borrower:Organization]] shall not be void, but the other provisions of this 16">[Section 13.2.5]16">clause (g[[Borrower:Organization]] shall apply.

0">Except upon the occurrence and during the continuance of an Event of Default, no assignment2"> or participation shall be made 4">to,4">to any Person that was a Disqualified Lender as of the date (the “Trade Date”) on which the assigning Lender entered into a binding agreement to sell and assign all or a portion of its rights and obligations under this Agreement to such Person (unless the Borrower has consented to such assignment 6">in writing in its sole and absolute discretion,6">to such Person, in which case such Person will not be considered a Disqualified Lender for the purpose of such 8">assignment or participation)8">assignment[[Borrower:Organization]]. For the avoidance of doubt, with respect to any assignee10"> or participant that becomes a Disqualified Lender after the applicable Trade Date (including as a result of the delivery of a notice pursuant to the definition of “Disqualified Lender”), # such assignee shall not retroactively be disqualified from becoming a Lender and # the execution by 12">the Borrower of an Assignment and Assumption with respect to such assignee will not by itself result in such assignee no longer being considered a Disqualified Lender. Any assignment in violation of this 14">[Section 13.2.5]14">clause (g[[Borrower:Organization]](i[[Borrower:Organization]] shall not be void, but the other provisions of this 16">[Section 13.2.5]16">clause (g[[Borrower:Organization]] shall apply.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.