This excerpt taken from the NDAQ 10-Q filed Nov 9, 2007.
Assignments and
Participations:
Each Lender will be permitted to make assignments in minimum amounts to be agreed to other financial institutions approved by the Administrative
Agent and, so long as no default has occurred, the Borrower, which approval shall not be unreasonably withheld or delayed; provided, however, that neither the approval of the Borrower nor the Administrative Agent shall be required in
connection with assignments to other Lenders or any of their affiliates (except that consent of the Administrative Agent shall be required for such assignments of any commitment or loan under the Revolving Credit Facility or any Letter of Credit or
Swingline Loan). Each Lender will also have the right, without consent of the Borrower or the Administrative Agent, to assign (i) as security all or part of its rights under the loan documentation to any Federal Reserve Bank and (ii) all
or part of its rights or obligations under the loan documentation to any of its affiliates. Lenders will be permitted to sell participations with voting rights limited to significant matters such as changes in amount, rate and maturity date. An
assignment fee of $3,500 will be charged with respect to each assignment.
Waivers and Amendments:
Amendments and waivers of the provisions of the loan documentation will require the approval of Lenders holding advances and commitments
representing more than 50% of the aggregate advances and commitments under the Credit Facilities, except that the consent of all of the Lenders be required with respect to, among other things, (i) increases in commitment amounts,
(ii) reductions of principal, interest, or fees, (iii) extensions of scheduled maturities or times for payment, (iv) releases of all or substantially all of the collateral or value of the guarantees and (v) changes that impose
any restriction on the ability of any Lender to assign any of its rights or obligations.
Indemnification:
The Borrower will indemnify and hold harmless the Administrative Agent, each Lead Arranger, each Lender and each of their affiliates and their
officers, directors, employees, agents and advisors from and against all losses, liabilities, claims, damages or expenses arising out of or relating to the Transaction, the Credit Facilities, the Borrowers use of loan proceeds or the
commitments, including, but not limited to, reasonable attorneys fees and settlement costs on the same terms set forth in the Commitment Letter.
Annex I-9
Governing Law:
New York.
Expenses:
The Borrower will pay all reasonable and documented out-of-pocket costs and expenses associated with the preparation, due diligence,
administration, syndication and enforcement of all loan documentation, including, without limitation, the legal fees and expenses of the Administrative Agents counsel, regardless of whether or not the Credit Facilities are closed. The Borrower
will also pay the reasonable and documented out-of-pocket expenses of each Lender in connection with the enforcement of any of the loan documentation related to the Credit Facilities.
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