Common use of Assignment by the Bank Clause in Contracts

Assignment by the Bank. The Bank may at any time (following adequate notice being given to the Borrower and the other Security Parties but without the consent of the Borrower), assign, transfer, or offer participation to any other bank or financial institution, in whole or in part, or in any manner dispose of all or any of its rights and/or obligations arising or accruing under this Agreement or any of the other Security Documents or any documents executed pursuant to this Agreement and/or the other Security Documents.

Appears in 2 contracts

Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)

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Assignment by the Bank. The Bank may at any time (following consultation with the Borrower and adequate notice being given to the Borrower and the other Security Parties but without the consent of the Borrower), assign, transfer, or offer participation to any other bank or financial institution, in whole or in part, or in any manner dispose of all or any of its rights and/or obligations arising or accruing under this Agreement or any of the other Security Documents or any documents executed pursuant to this Agreement and/or the other Security Documents.

Appears in 1 contract

Samples: Loan Agreement (NewLead Holdings Ltd.)

Assignment by the Bank. The Bank may at any time (following adequate sufficient notice being given to the Borrower Borrowers and the other Security Parties but without the consent of the Borrower), Borrowers) assign, transfer, or offer participation to any other bank or financial institution, in whole or in part, or in any manner dispose of all or any of its rights and/or obligations arising or accruing under this Agreement or any of the other Security Documents or any documents executed pursuant to this Agreement and/or the other Security Documents.

Appears in 1 contract

Samples: Loan Agreement (FreeSeas Inc.)

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Assignment by the Bank. The Bank may at any time (following adequate sufficient notice being given to the Borrower and the other Security Parties but without the consent of the Borrower), ) assign, transfer, or offer participation to any other bank or financial institution, in whole or in part, or in any manner dispose of all or any of its rights and/or obligations arising or accruing under this Agreement or any of the other Security Documents or any documents executed pursuant to this Agreement and/or the other Security Documents.

Appears in 1 contract

Samples: Loan Agreement (FreeSeas Inc.)

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