Assignment by the Banks Sample Clauses

Assignment by the Banks. Each Bank may assign all or any portion of its Loans and its Commitment (but only with the consent of the Company and the Administrative Agent, which consent may not be unreasonably withheld or delayed); provided that
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Assignment by the Banks. 22.2.1 Subject to this Clause 22.2, a Bank may at any time assign or transfer all or any part of its rights and obligations under this Agreement
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Assignment by the Banks. (A) Each Bank (an “Assignor Bank”) may (at its own expense, except as otherwise expressly provided herein and subject to the Assignor Bank having complied with any law, regulation or practice relating to procedures for identification of counterparties) at any time transfer all or any part of its rights, benefits and obligations under or pursuant to the Financing Documents by assigning to any bank or financial institution (an “Assignee Bank”) which is either an affiliate of that Bank or otherwise is approved by the Operating Company in writing, such approval not to be unreasonably withheld. Such a transfer shall only be made by way of assignment of all or part of the rights and benefits of the Assignor Bank under the Agreement in consideration of the agreement of each Assignee Bank to perform that percentage of such Banks obligations under the Agreement as corresponds with that percentage of such Bank’s rights and benefits so assigned to such Assignee Bank; Provided that (i) each Assignee Bank must have an office in mainland France capable of being at any time a Designated Office, (ii) any partial transfer relates to a minimum amount of €5,000,000 (which shall be reduced on the Repayment Dates by the amount of each repayment) and (iii) any Assignee Bank shall bear any additional tax cost resulting from such transfer. It is hereby agreed that (x) the Operating Company may reasonably refuse its approval inter alia if there will be additional costs to be paid by the Borrowers as a result of the transfer to the proposed Assignee Bank, and (y) if the Operating Company fails to respond (with reasons in the case of refusal) within 7 days of a request for consent to assign it shall be deemed to have given approval. The requirement for all Banks to have in mainland France an office capable of being a Designated Office shall not apply to the Banks which are parties to the agreement dated 17 March 1995, which, on the date of such agreement, did not have an office in France capable of being a Designated Office.
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Assignment by the Banks. Any Bank (the "Assignor") may at any time at its own expense (and provided that there shall be no additional or increased costs to the Borrower) assign, transfer or novate any of its rights and obligations in respect of an amount of at least USD 500,000 (or, if less, its Commitment in full or its proportional part of the Loan) under this Agreement to any of its or its holding company's subsidiaries, or with the prior written consent of the Agent, such consent not to be unreasonably withheld, and in consultation with the Borrower, to another bank or financial institution (such subsidiary or bank or institution being the "Assignee"), provided however that:
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Related to Assignment by the Banks

  • Assignment by the Company The rights, interests or obligations of the Company hereunder may not be assigned, by operation of law or otherwise, in whole or in part, by the Company without the prior written consent of the Investor.

  • Assignment by the Seller The Seller shall assign (exclusive of the Seller’s rights arising under Section 8.02(iii) and 8.03), its interest under this Agreement to the Depositor, which in turn shall assign such rights to the Trustee, and the Trustee then shall succeed to all rights of the Seller under this Agreement.

  • Assignment by the Executive This Agreement will inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If the Executive dies while any amount would still be payable to him hereunder had he continued to live, all such amounts, unless otherwise provided herein, will be paid in accordance with the terms of this Agreement to the Executive’s Beneficiary. If the Executive has not named a Beneficiary, then such amounts will be paid to the Executive’s devisee, legatee, or other designee, or if there is no such designee, to the Executive’s estate, and such designee, or the Executive’s estate will be treated as the Beneficiary hereunder.

  • Assignment by Seller The Seller shall have the right, upon notice to but without the consent of the Servicer, to assign, in whole or in part (but exclusive of the Servicer’s rights and obligations as owner of the servicing rights relating to the Mortgage Loans), its interest under this Agreement to the Depositor, which in turn shall assign such rights to the Trustee, and the Trustee then shall succeed to all rights of the Seller under this Agreement. All references to the Seller in this Agreement shall be deemed to include its assignee or designee and any subsequent assignee or designee, specifically including the Trustee.

  • Assignment by Members No Member shall sell, assign or transfer, or offer to sell, assign or transfer or otherwise Dispose of all or any part of such Member’s Units or other interests in the Company (whether voluntarily or involuntarily) without the prior written consent of the Majority Members.

  • Assignment by Owner 51 Section 12.11

  • Limitation on Resignation and Assignment by the Servicer The Seller has entered into this Agreement with the Servicer in reliance upon the independent status of the Servicer, and the representations as to the adequacy of its servicing facilities, plant, personnel, records and procedures, its integrity, reputation and financial standing, and the continuance thereof. Therefore, the Servicer shall neither assign its rights under this Agreement or the servicing hereunder nor delegate its duties hereunder or any portion thereof, or sell or otherwise dispose of all or substantially all of its property or assets without, in each case, the prior written consent of the Seller (as owner of the servicing rights relating to the Mortgage Loans) and the Master Servicer, which consent, in the case of an assignment of rights or delegation of duties, shall be granted or withheld in the discretion of the Seller and the Master Servicer, and which consent, in the case of a sale or disposition of all or substantially all of the property or assets of the Servicer, shall not be unreasonably withheld; provided, that in each case, there must be delivered to the Master Servicer and the Trustee a letter from each Rating Agency to the effect that such transfer of servicing or sale or disposition of assets will not result in a qualification, withdrawal or downgrade of the then-current rating of any of the Certificates. Notwithstanding the foregoing, the Servicer, without the consent of the Seller (as owner of the servicing rights relating to the Mortgage Loans), the Master Servicer or the Trustee, may retain third party contractors to perform certain servicing and loan administration functions, including without limitation, hazard insurance administration, tax payment and administration, flood certification and administration, collection services and similar functions; provided, that the retention of such contractors by Servicer shall not limit the obligation of the Servicer to service the Mortgage Loans pursuant to the terms and conditions of this Agreement. The Servicer shall not resign from the obligations and duties hereby imposed on it except by mutual consent of the Servicer and the Master Servicer or upon the determination that its duties hereunder are no longer permissible under applicable law and such incapacity cannot be cured by the Servicer. Any such determination permitting the resignation of the Servicer shall be evidenced by an Opinion of Counsel to such effect delivered to the Master Servicer and the Trustee which Opinion of Counsel shall be in form and substance acceptable to the Master Servicer and the Trustee. No such resignation shall become effective until a successor shall have assumed the Servicer’s responsibilities and obligations hereunder in the manner provided in Section 9.01. Without in any way limiting the generality of this Section 7.03, in the event that the Servicer either shall assign this Agreement or the servicing responsibilities hereunder or delegate its duties hereunder or any portion thereof or sell or otherwise dispose of all or substantially all of its property or assets, without the prior written consent of the Seller, the Trustee and the Master Servicer, then the Seller, the Trustee or the Master Servicer shall have the right to terminate this Agreement upon notice given as set forth in Section 8.01, without any payment of any penalty or damages and without any liability whatsoever to the Servicer or any third party.

  • Assignment by Lenders Each Lender may, with the consent of the Borrowers (so long as no Default or Event of Default has occurred and is continuing) and the consent of the Administrative Agent, which consents shall not be unreasonably withheld, assign to one or more Eligible Assignees all or a portion of its interests, rights and obligations under this Agreement (including, without limitation, all or a portion of the Extensions of Credit at the time owing to it and the Notes held by it); provided that:

  • Assignment by Issuer The Seller hereby acknowledges and consents to any mortgage, pledge, assignment and grant of a security interest by the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders of all right, title and interest of the Issuer in, to and under the Receivables and/or the assignment of any or all of the Issuer’s rights and obligations hereunder to the Indenture Trustee.

  • Assignment by the Administrative Agent The Administrative Agent may from time to time assign the Secured Obligations to a successor Administrative Agent appointed in accordance with the Credit Agreement, and such successor shall be entitled to all of the rights and remedies of the Administrative Agent under this Agreement in relation thereto.

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