Common use of Assignment by the Bank Clause in Contracts

Assignment by the Bank. The Bank may at any time assign, transfer or offer participations to any affiliated company of the EFG Group or, with the prior written consent of the Borrower, such consent not to be unreasonably withheld, to other banks or financial institutions 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 under any of the other Security Documents or any documents executed pursuant to this Agreement and/or the other Security Documents. The Bank may disclose to a potential assignee, transferee or participant or to any other person who may propose entering into a contractual relations with the Bank in relation this Agreement such information about the Borrower and the Security Parties as the Bank shall reasonably consider appropriate.

Appears in 2 contracts

Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)

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Assignment by the Bank. The Bank may at any time assign, transfer or offer participations to any affiliated company of the EFG Group or, with the prior written consent of the Borrower, such consent not to be unreasonably withheld, to other banks or financial institutions 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 under any of the other Security Documents or any documents executed pursuant to this Agreement and/or the other Security security Documents. The Bank may disclose to a potential assignee, transferee or participant or to any other person who may propose entering into a contractual relations with the Bank in relation this Agreement such information about the Borrower and the Security Parties as the Bank shall reasonably consider appropriate.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

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Assignment by the Bank. The Bank may at any time assign, transfer or offer participations to any affiliated company of the EFG Group or, with the prior written consent of the BorrowerBorrowers, such consent not to be unreasonably withheld, to other banks or financial institutions 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 under any of the other Security Documents or any documents executed pursuant to this Agreement and/or the other Security Documents. The Bank may disclose to a potential assignee, transferee or participant or to any other person who may propose entering into a contractual relations with the Bank in relation to this Agreement such information about the Borrower Borrowers and the Security Parties as the Bank shall reasonably consider appropriate.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

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