Common use of Assignment and transfer by the Bank Clause in Contracts

Assignment and transfer by the Bank. (a) Subject to sub-paragraph (b) of this Article 10.8 (Assignment and transfer by the Bank), the consent of the Borrower is required for an assignment or transfer (by way of novation, sub-participation or otherwise) by the Bank of all or part of its rights, benefits or obligations under the Finance Documents, unless the assignment or transfer: (i) is to a Bank Affiliate; or (ii) is made at a time when an Event of Default has occurred and is continuing; or (iii) is made in respect of a sub-participation or securitisation (or similar transaction of broadly equivalent economic effect) where the Bank remains the lender of record of the Loan. (b) The consent of the Borrower to an assignment or transfer must not be unreasonably withheld or delayed. The Borrower will be deemed to have given its consent (10) ten Business Days after the Bank has requested it unless consent is expressly refused by the Borrower within that time. (c) The Bank shall have the right to disclose all information relating to or concerning the Borrower, the Group, the Finance Documents and the Loan in connection with or in contemplation of any such assignment or transfer. For the purpose of this Article 10.8 (Assignment and transfer by the Bank):

Assignment and transfer by the Bank. (a) Subject to sub-paragraph (b) of this Article 10.8 10.9 (Assignment and transfer by the Bank), the consent of the Borrower is required for an assignment or transfer (by way of novation, sub-participation or otherwise) by the Bank of all or part of its rights, benefits or obligations under the Finance Documents, unless the assignment or transfer: (i) is to a Bank Affiliate; or (ii) is made at a time when an Event of Default has occurred and is continuing; or (iii) is made in respect of a sub-participation or securitisation (or similar transaction of broadly equivalent economic effect) where the Bank remains the lender of record of the Loan. (b) The consent of the Borrower to an assignment or transfer must not be unreasonably withheld or delayed. The Borrower will be deemed to have given its consent (105) ten five Business Days after the Bank has requested it unless consent is expressly refused by the Borrower within that time. (c) The Borrower undertakes that it shall, and the Borrower shall ensure that each Group Company will, execute such documents, and carry out any other measures, reasonably required to effect an assignment or transfer. (d) The Bank shall have the right to disclose all information relating to or concerning the Borrower, the Group, the Finance Documents and the Loan in connection with or in contemplation of any such assignment or transfer. For the purpose of this Article 10.8 10.9 (Assignment and transfer by the Bank):

Assignment and transfer by the Bank. (a) Subject to sub-paragraph (b) of this Article 10.8 (Assignment and transfer by the Bank), the consent of the Borrower is required for an assignment or transfer (by way of novation, sub-participation or otherwise) by the Bank of all or part of its rights, benefits or obligations under the Finance Documents, unless the assignment or transfer: (i) is to a Bank Affiliate; or (ii) is made at a time when an Event of Default has occurred and is continuing; or (iii) is made in respect of a sub-participation or securitisation (or similar transaction of broadly equivalent economic effect) where the Bank remains the lender of record of the Loan. (b) The consent of the Borrower to an assignment or transfer must not be unreasonably withheld or delayed. The Borrower will be deemed to have given its consent (105) ten five Business Days after the Bank has requested it unless consent is expressly refused by the Borrower within that time. (c) The Bank shall have the right to disclose all information relating to or concerning the Borrower, the Group, the Finance Documents and the Loan in connection with or in contemplation of any such assignment or transfer. For the purpose of this Article 10.8 (Assignment and transfer by the Bank):

Assignment and transfer by the Bank. (a) Subject to sub-paragraph (b) of this Article 10.8 10.10 (Assignment and transfer by the Bank), the consent of the Borrower is required for an assignment or transfer (by way of novationtransfer of contract (Vertragsübernahme), sub-participation or otherwise) by the Bank of all or part of its rights, benefits or obligations under the Finance Documents, unless the assignment or transfer: (i) is to a Bank AffiliateAffiliate (as defined below); or (ii) is made at a time when an Event of Default has occurred and is continuing; or (iii) is made in respect of a sub-participation or securitisation (or similar transaction of broadly equivalent economic effect) where the Bank remains the lender of record of the Loan. (b) The consent of the Borrower to an assignment or transfer must not be unreasonably withheld or delayed. The Borrower will be deemed to have given its consent (10) ten Business Days after the Bank has requested it unless consent is expressly refused by the Borrower within that time. (c) The Bank shall have the right to disclose all information relating to or concerning the Borrower, the Group, the Finance Documents and the Loan in connection with or in contemplation of any such assignment or transfer. For the purpose of this Article 10.8 10.10 (Assignment and transfer by the Bank):