Assignment and Sub Participation. 14.1 LENDERS' RIGHTS A Lender may assign any of its rights under this Agreement or transfer by novation any of its rights and obligations under this Agreement to any other branch or Affiliate of that Lender or (subject to the prior written consent of the Borrower, such consent not to be unreasonably withheld but not to be required at any time after an Event of Default which is continuing unremedied and unwaived) to any other bank or financial institution, and may grant sub-participations in all or any part of its Commitment.
Assignment and Sub Participation. 14.1 Lenders’ rights Notwithstanding the provisions of Clause 10.12 (Sinosure Insurance Proceeds) a Lender may, without notice to or the consent of the Borrower or the Guarantor or any Charterer, assign any of its rights under this Agreement or transfer by novation any of its rights and obligations under this Agreement to any third party, to any other branch of that Lender or to any other bank or financial institution or (for the purpose of a securitisation of that Lender’s rights or obligations under the Finance Documents or a similar transaction of broadly equivalent economic effect) to any special purpose vehicle, and may grant sub-participations in all or any part of its Commitment.
Assignment and Sub Participation. 14.1 Right to assign The Bank may assign or transfer all or any of its rights under or pursuant to the Security Documents to any other branch of the Bank or to any other bank or financial institution, and may grant sub-participations in all or any part of the Loan.
Assignment and Sub Participation. 1. Lenders' rights A Lender may assign any of its rights under this Agreement or transfer by novation any of its rights and obligations under this Agreement to any other branch or Affiliate of that Lender or to any other Lender (or an Affiliate of another Lender) or (subject to the prior written consent of the Borrowers, such consent not to be unreasonably withheld but not to be required at any time after an Event of Default which is continuing unremedied or unwaived) to any other bank, financial institution or institutional lender, or any trust, fund or other entity which is regularly engaged in, or established for the purpose of, making, purchasing or investing in loans, securities or other financial assets, and may LONLIVE\24155284.5 Page 34 00-00-00000\Draft(4)\29 March 2016 grant sub-participations in all or any part of its Commitment in the Loan provided that where any such assignment, transfer or sub-participation relates to only part of a Lender's Commitment, (i) it shall be in an amount of no less than five million Dollars ($5,000,000) and (ii) such assignment, transfer or sub-participation of only part of a Lender's Commitment shall not result in such Lender holding a Commitment of less than five million Dollars ($5,000,000). Where the consent of the Borrowers is required, the Borrowers shall be deemed to have given its consent if no express refusal is given within five (5) Business Days.
Assignment and Sub Participation. 16.1 Lender’s rights The Lender may with the prior consent of the Borrowers, such consent not to be unreasonably withheld, assign any of its rights under this Agreement or transfer by novation any of its rights and obligations under this Agreement to any other branch of the Lender or any other member of the RBS Group or to any other bank or financial institution, and may grant sub-participations in all or any part of the Loan.
Assignment and Sub Participation. 29.1 The Lender may at any time:-
Assignment and Sub Participation. 12.1 Right to assign Each of the Lenders may:
Assignment and Sub Participation. 74 17 Payments, Mandatory Prepayment, Reserve Requirements and Illegality......76 18 Communications...........................................................79 19
Assignment and Sub Participation. 8.1.3 any other document which may at any time be required by a Finance Party to give effect to any Finance Document or which a Finance Party is entitled to call for or obtain under any Finance Document (including, without limitation, any valuation of the Vessels obtained in accordance with this Agreement and any insurance report); and
Assignment and Sub Participation. 14.1 Lenders' rights A Lender may, without notice to or the consent of the Borrowers or the Guarantor or any charterer, assign any of its rights under this Agreement or transfer by novation any of its rights and obligations under this Agreement to any third party, to any other branch of that Lender or to any other bank or financial institution or (for the purpose of a securitisation of that Lender's rights or obligations under the Finance Documents or a similar transaction of broadly equivalent economic effect) to any special purpose vehicle, and may grant sub-participations in all or any part of its Commitment.
