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”) with the prior written consent of the Borrower (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, the Borrower consenting to such assignment by its execution of this Agreement).
Appears in 3 contracts
Samples: Facility Agreement (Globus Maritime LTD), Supplemental Agreement (FreeSeas Inc.), 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”) following prior consultation with the prior written consent of the Borrower (such consent not to be unreasonably withheld and the request for which to be promptly responded to) Borrowers, unless the Assignee shall be a Related Company of the Bank (in which case no such consent consultation shall be required, the Borrower consenting to such assignment by its execution of this Agreement).
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”) with the prior written consent of the Borrower (such consent not to be unreasonably withheld and the request for which to shall be promptly responded to) unless except if the Assignee shall be is a Related Company of the Bank (in which case no such prior consent shall be is required, the 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 assign all or any part of its rights under this Agreement and/or the Master Swap Agreement or under any of the other Security Documents to any other bank or financial institution (an “Assignee”) with the prior written consent of the Borrower (such consent not to be unreasonably withheld and the request for which to shall be promptly responded to) ), unless the Assignee shall be a Related Company Subsidiary or the holding company of the Bank (in which case no such consent shall be required, the Borrower consenting to any such assignment by its execution of this Agreement).
Appears in 1 contract
Samples: Loan Agreement (Safe Bulkers, Inc.)
