Common use of Assignment by Bank Clause in Contracts

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

Appears in 3 contracts

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

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Assignment by Bank. The Bank may assign all or any part of its rights under any of the 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 Borrowers or (ii) if such assignment is to any arms length bank or financial institution, with the prior consent of the Borrowers, but after consultation with themsuch consent not to be unreasonably withheld.

Appears in 3 contracts

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

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

Appears in 3 contracts

Samples: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.), 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 with the prior written consent of the BorrowersBorrower (such consent not to be unreasonably withheld and the request for which to be promptly responded to) unless the Assignee shall be a Related Company of the Bank (in which case no such consent shall be required, but after consultation with themthe Borrower consenting to such assignment by its execution of this Agreement).

Appears in 3 contracts

Samples: Loan Agreement (Globus Maritime LTD), Agreement (FreeSeas Inc.), 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 consent of the Borrowers, but after consultation with themBorrower.

Appears in 3 contracts

Samples: Loan Agreement (Safe Bulkers, Inc.), Supplemental Agreement (Top Ships Inc.), Loan Agreement (Safe Bulkers, 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 following prior consultation with the Borrowers, but after unless the Assignee shall be a Related Company of the Bank (in which case no such consultation with themshall be required).

Appears in 2 contracts

Samples: Supplemental Agreement, Supplemental Agreement (Gala Properties 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 Borrowers, but after consultation with themBorrower (the Borrower consenting to such assignment by its execution of this Agreement).

Appears in 2 contracts

Samples: Supplemental 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") without the prior consent of the Borrowers, but after consultation with themBorrowers (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 bank or financial institution third party whatsoever (an "Assignee") without the prior consent of the Borrowers, but after consultation with themBorrower (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 Borrowers, but after consultation with themBorrowers (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.)

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

Appears in 1 contract

Samples: 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 first class bank or financial institution (an “Assignee”) without the consent of the Borrowers, but after consultation with themBorrower.

Appears in 1 contract

Samples: Agreement (B Plus H Ocean Carriers LTD)

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

Appears in 1 contract

Samples: Loan 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 with the prior consent of the BorrowersBorrower (such consent not to be unreasonably withheld and the request for which shall be promptly responded to) except if the Assignee is a Related Company of the Bank in which case no such prior consent is required, but after consultation with themthe Borrower consenting to any such assignment by its execution of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

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

Appears in 1 contract

Samples: 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 prior consent of the Borrowers, but after consultation with themBorrower (the Borrower hereby consenting to any such assignment).

Appears in 1 contract

Samples: Facility Agreement (Freeseas Inc.)

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