ASSIGNMENT AND TRANSFER REQUIREMENTS Sample Clauses

ASSIGNMENT AND TRANSFER REQUIREMENTS. In relation to any assignment or transfer under this Clause 23: 23.5.1 such assignment or transfer must be in respect of a Commitment of at least EURO 10,000,000 or, if less, the whole Commitment of the assignee or transferee; and 23.5.2 such assignment or transfer may be of the assignor's or transferor's Revolving Credit Commitment and/or 364 Day Commitment, in any proportion; and 23.5.3 unless such assignment or transfer is to an Affiliate of the assignor or transferor incorporated in the same jurisdiction as the assignor and transferor or to another - 58 - Lender, the prior consent of the Guarantor shall have been obtained (such consent not to be unreasonably withheld or delayed). 23.5.4 if any Lender assigns its rights under this Agreement a written instrument by which such rights are assigned must be notified to any Borrower incorporated in France by bailiff ("HUISSIER") in accordance with the provision of article 1690 of the French Civil Code at the cost of the Lender concerned.