Common use of Assignments and transfers by Lenders Clause in Contracts

Assignments and transfers by Lenders. (a) Subject to Clause 5B.2 (Assignments and transfers), a Lender (the Existing Lender) may in consultation with the Company, subject to the following provisions of this Subclause, at any time assign or transfer any of its rights and obligations under this Agreement to any other bank or financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the New Lender).

Appears in 2 contracts

Samples: Restatement Agreement (Mittal Steel Co N.V.), Bridge Facility Agreement (Mittal Steel Co N.V.)

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Assignments and transfers by Lenders. (a) Subject to Clause 5B.2 (Assignments and transfers), a A Lender (the Existing Lender) may in consultation with the Companymay, subject to the following provisions of this SubclauseSubclause (in particular, but not limited to, Clause 28.3(g)), at any time assign or transfer (including by way of novation) any of its rights and obligations under this Agreement to any other another bank or financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the New Lender).which:

Appears in 1 contract

Samples: Agreement (Smith & Nephew PLC)

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Assignments and transfers by Lenders. (a) Subject to Clause 5B.2 (Assignments and transfers), a A Lender (the Existing Lender) may in consultation with the Company, subject to the following provisions of this Subclause, at any time assign or transfer any of its rights and obligations under this Agreement to any other bank or financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the New Lender).

Appears in 1 contract

Samples: Restatement Agreement (Mittal Steel Co N.V.)

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