Example ContractsClausesNo Assignment to Borrowers
No Assignment to Borrowers
No Assignment to Borrowers contract clause examples

No Assignment to Borrowers. No such assignment shall be made to Holdings or any of Holdings’ Subsidiaries; provided that assignments of Term Loans

No Assignment to Borrowers. No such assignment shall be made to Holdings or any of Holdings’ Subsidiaries; provided that assignments of Term Loans shall be permitted to Holdings or any of its Subsidiaries, so long as # any such assignment is made pursuant to an offer to all Term Lenders pro rata, # no Event of Default has occurred and is continuing at the time of such assignment and # any Term Loans assigned to Holdings or any of its Subsidiaries are cancelled immediately thereafter.

[[New Parent:Organization]] LLC

No Assignment to Borrowers. No such assignment shall be made to Holdings or any of Holdings’ Subsidiaries; provided that assignments of Term Loans shall be permitted to Holdings or any of its Subsidiaries, so long as # any such assignment is made pursuant to an offer to all Term Lenders pro rata, # no Event of Default has occurred and is continuing at the time of such assignment and # any Term Loans assigned to Holdings or any of its Subsidiaries are cancelled immediately thereafter.

Without limiting any of any Borrower’s obligations under this Agreement or any Other Document, each Borrower shall also be considered a Guarantor for purposes of this Section 15 to the extent such Borrower is not directly and primarily obligated with respect to the Obligations.

Assignments to Borrowers. No such assignment shall be made to any Borrower or any affiliate or Subsidiary of any Borrower.

No Assignment to Borrowers. No such assignment shall be made to the Borrowers or any of the Borrowers' Affiliates or Subsidiaries.

No Assignment to Borrowers. No such assignment shall be made to Holdings or any of Holdings’ Subsidiaries; provided that assignments of Term Loans shall be permitted to Holdings or any of its Subsidiaries, so long as # any such assignment is made pursuant to an offer to all Term Lenders pro rata, # no Event of Default has occurred and is continuing at the time of such assignment and # any Term Loans assigned to Holdings or any of its Subsidiaries are cancelled immediately thereafter.

Save and except as may otherwise be expressly provided in this Commitment Agreement, the rights and obligations of any Borrower under this Commitment Agreement are not assignable to any other Person, without the prior written consent of the Lender and the other Borrowers.

[[New Parent:Organization]] LLC

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