Common use of Assignment by Bank Clause in Contracts

Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an “Assignee”) without the consent of the Borrower.

Appears in 3 contracts

Samples: Supplemental Agreement (Top Ships Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

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Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an “Assignee”) without the consent of the Borrower, but after consultation with it.

Appears in 3 contracts

Samples: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.)

Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an “Assignee”) without the consent of the BorrowerBorrowers, but after consultation with them.

Appears in 3 contracts

Samples: Facility Agreement, Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.)

Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an "Assignee") without the consent of the BorrowerBorrower (the Borrower consenting to such assignment by its execution of this Agreement).

Appears in 2 contracts

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)

Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an “Assignee”) (i) if such assignment is to any bank or financial institution affiliated to the Bank, without the consent of the BorrowerBorrowers or (ii) if such assignment is to any arms length bank or financial institution, with the prior consent of the Borrowers, such consent not to be unreasonably withheld.

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement (Navios Maritime Acquisition CORP)

Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an "Assignee") without the consent of the BorrowerBorrowers (the Borrowers consenting to any such assignment by their execution of this Agreement).

Appears in 1 contract

Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Assignment by Bank. The Bank may at any time assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an “Assignee”) without the consent of the Borrower).

Appears in 1 contract

Samples: Junior Loan Agreement (FreeSeas Inc.)

Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an "Assignee") without the prior consent of the BorrowerBorrowers (the Borrowers consenting to any such assignment by their execution of this Agreement).

Appears in 1 contract

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.)

Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other first class bank or financial institution (an “Assignee”) without the consent of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (B Plus H Ocean Carriers LTD)

Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution third party whatsoever (an "Assignee") without the prior consent of the BorrowerBorrowers (the Borrowers consenting to any such assignment by their execution of this Agreement).

Appears in 1 contract

Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution third party whatsoever (an "Assignee") without the prior consent of the BorrowerBorrower (the Borrower consenting to any such assignment by its execution of this Agreement).

Appears in 1 contract

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.)

Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an “Assignee”) without the consent of the BorrowerBorrowers.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

Assignment by Bank. The Bank may may, without the consent of the Borrowers, assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an “Assignee”) without the consent of the Borrower).

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Acquisition CORP)

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Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an “Assignee”) without after consultation with the consent Borrower except if the Assignee is a Related Company of the BorrowerBank in which case no such prior consultation is required.

Appears in 1 contract

Samples: Loan Agreement (NewLead Holdings Ltd.)

Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an “Assignee”) without the prior consent of the BorrowerBorrower (the Borrower hereby consenting to any such assignment).

Appears in 1 contract

Samples: Facility Agreement (Freeseas Inc.)

Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an "Assignee") without the consent of the Borrower.

Appears in 1 contract

Samples: Facilities Agreement (Top Tankers Inc.)

Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an “Assignee”) (i) if such assignment is to any bank or financial institution affiliated to the Bank, without the consent of the BorrowerBorrowers or (ii) if such assignment is to any arms length bank or financial institution, with the prior consent of the Borrowers, such consent not to be unreasonably withheld.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Acquisition CORP)

Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an “Assignee”) without the consent of the BorrowerBorrowers.

Appears in 1 contract

Samples: Loan Agreement (Top Tankers Inc.)

Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an “Assignee”) without the consent of the BorrowerBorrowers (the Borrowers consenting to any such assignment by their execution of this Agreement).

Appears in 1 contract

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.)

Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an “Assignee”) without the consent of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Holdings Inc.)

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