Assignments and transfers by Lenders. (a) The Guarantor consents to any assignment, transfer, novation or change in Facility Office made by a Lender under the Credit Agreement. (b) Any reference in this Agreement to a Lender includes a New Lender but excludes a Lender if no amount is or may be owed to or by it under the Credit Agreement and its Commitment has been cancelled or reduced to nil.
Appears in 4 contracts
Samples: Guarantee Agreement (Ocean Rig UDW Inc.), Sponsor Construction and Post Delivery Guarantee (Ocean Rig UDW Inc.), Sponsor Construction and Post Delivery Guarantee (Ocean Rig UDW Inc.)
Assignments and transfers by Lenders. (a) The Guarantor consents to any assignment, transfer, novation or change in Facility Office made by a Lender under the Credit Agreement.
(b) Any reference in this Agreement Guarantee to a Lender includes a New Lender but excludes a Lender if no amount is or may be owed to or by it under the Credit Agreement and its Commitment has been cancelled or reduced to nil.
Appears in 2 contracts
Samples: Sponsor Guarantee (Ocean Rig UDW Inc.), Sponsor Guarantee (Ocean Rig UDW Inc.)
