Common use of ASSIGNMENTS AND TRANSFERS BY BANKS Clause in Contracts

ASSIGNMENTS AND TRANSFERS BY BANKS. Subject to obtaining the prior written consent of the Account Party (such consent not to be unreasonably withheld or delayed), any Bank may, at any time, assign all or any of its rights and benefits under the Finance Documents or transfer in accordance with Clause 26.5 (Transfers by Banks) all or any of its rights, benefits and obligations under the Finance Documents to a bank or financial institution, provided that: 26.3.1 no such assignment or transfer of the whole or any part of the Commitment may be made unless it is to an Approved Credit Institution; and 26.3.2 the Account Party's consent is not required if such assignment or transfer is: (a) to any subsidiary or holding company, or to any subsidiary of any holding company, of such Bank; or (b) to any other Bank.

ASSIGNMENTS AND TRANSFERS BY BANKS. Subject to obtaining the prior written consent of the Account Party (such consent not to be unreasonably withheld or delayed), any Bank may, at any time, assign all or any of its rights and benefits under the Finance Documents or transfer in accordance with Clause 26.5 27.5 (Transfers by Banks) all or any of its rights, benefits and obligations under the Finance Documents to a bank or financial institution, provided that: 26.3.1 27.3.1 no such assignment or transfer of the whole or any part of the Commitment may be made unless it is to an Approved Credit Institution; and 26.3.2 27.3.2 the Account Party's ’s consent is not required if such assignment or transfer is: (a) to any subsidiary or holding company, or to any subsidiary of any holding company, of such Bank; or (b) to any other Bank.

ASSIGNMENTS AND TRANSFERS BY BANKS. Subject to obtaining the prior written consent of the Account Party (such consent not to be unreasonably withheld or delayed), any Bank may, at any time, assign all or any of its rights and benefits under the Finance Documents or transfer in accordance with Clause 26.5 27.5 (Transfers by Banks) all or any of its rights, benefits and obligations under the Finance Documents to a bank or financial institution, provided that: 26.3.1 27.3.1 no such assignment or transfer of the whole or any part of the Commitment may be made unless it is to an Approved Credit Institution; and 26.3.2 27.3.2 the Account Party's consent is not required if such assignment or transfer is: (a) to any subsidiary or holding company, or to any subsidiary of any holding company, of such Bank; or (b) to any other Bank.