Assignability by Lender Clause Samples
The "Assignability by Lender" clause defines the lender's right to transfer or assign its rights and obligations under a loan agreement to another party. Typically, this clause outlines the conditions under which such an assignment can occur, such as whether the borrower's consent is required or if notice must be given. For example, it may allow the lender to sell the loan to another financial institution or investor. The core function of this clause is to provide flexibility for the lender to manage its loan portfolio and liquidity, while also clarifying the process and limitations of transferring the lender's interest, thereby reducing uncertainty for all parties involved.
Assignability by Lender. Lender may, without notice to Guarantor, assign or transfer the Loans and the Loan Documents, in whole or in part. In such event, each and every immediate and successive assignee, transferee or holder of all or any part of the Loans and the Loan Documents shall have the right to enforce this Guaranty, by legal action or otherwise, as fully as if such assignee, transferee, or holder were by name specifically given such right and power in this Guaranty. Lender shall have an unimpaired right to enforce this Guaranty for its benefit as to so much of the Loans and the Loan Documents as Lender has not sold, assigned or transferred.
Assignability by Lender. Lender may, at any time and from time to time, assign, conditionally or otherwise, all of the rights of Lender under the Note and under this Guaranty, whereupon the assignee shall succeed to all rights of Lender hereunder to the extent that such rights may be assigned to it. Lender, or each successor holder of the Note, may give written notice to Guarantor of any such assignment, but any failure to give, or delay in giving, such notice shall not affect the validity or enforceability of any such assignment.
Assignability by Lender. (a) Lender may make, carry or transfer Revolving Loans at, to or for the account of, any of its branch offices or the office of an Affiliate of Lender.
(b) Lender may assign or sell participations to one or more banks, other financial institutions, investment funds or any other Person all or a portion of the Commitment, the Revolving Loans and the other rights and obligations of Lender under this Credit Agreement, any Revolving Loan Note and the other Credit Documents.
Assignability by Lender. Lender may at any time and from time to time, without notice to or consent of Guarantor, assign, conditionally or otherwise, all or any of the rights of Lender under the Loan, the Letter Agreement and this Guaranty to any affiliate of the Lender or of IKB Deutsche Industriebank, whereupon such assignee shall succeed to all rights of lender hereunder to the extent that such rights may be assigned to it. Lender, or each successor assignee of Lender's rights may give written notice to Guarantor of any such assignment, but any failure to give, or delay in giving such notice shall not affect the validity or enforceability of any such assignment. In addition, Lender may, with the consent of Guarantor, which consent shall not be unreasonably withheld, transfer its rights under the Loan, the Letter Agreement and this Guaranty to any other person or entity.
Assignability by Lender. The Borrower acknowledges and agrees that the Lender may assign all or any portion of its rights, obligations and benefits under this Agreement and the Lender's Security as the Lender sees fit. The Borrower will execute such assurances and conveyances as may be reasonably required by the Lender in order to give effect to such assignment, including executing additional Lender's Security which replace or are to be substituted for existing Lender's Security to facilitate assignment thereof by the Lender.
Assignability by Lender. The Borrower acknowledges and agrees that the Lender may assign all or any portion of its rights, obligations and benefits under this Agreement and the Lender's Security as the Lender sees fit. The Borrower will execute such assurances and conveyances as may be reasonably required by the Lender in order to give effect to such assignment, including executing additional Lender's Security which replace or are to be substituted for existing Lender's Security to facilitate assignment thereof by the Lender.