Assignment by Senior Lender Sample Clauses
The "Assignment by Senior Lender" clause allows the senior lender to transfer its rights and obligations under the agreement to another party. In practice, this means the lender can sell or assign its interest in the loan or security to another financial institution or investor, often without needing the borrower's consent. This clause facilitates the lender's ability to manage its portfolio and liquidity, ensuring flexibility in financing arrangements and enabling the efficient transfer of risk or ownership.
Assignment by Senior Lender. Any Senior Lender may assign or transfer its rights and obligations under the Senior Financing Agreements in accordance with the terms of the Senior Financing Agreements without the consent of the Authority provided the assignee or transferee is not a Restricted Person. For purposes of this Section 10.3, the definition of Restricted Person will not include sub-paragraph (d) of that definition.
Assignment by Senior Lender. Any Senior Lender may assign or transfer its rights and obligations under the Senior Financing Agreements in accordance with the terms of the Senior Financing Agreements without the consent of the Authority provided the assignee or transferee is not a Restricted Person.
Assignment by Senior Lender. Any Senior Lender may assign or transfer its rights and obligations under the Senior Financing Agreements in accordance with the terms of the Senior Financing Agreements without the consent of the County provided the assignee or transferee is not a Restricted Person.