Common use of Assignments and transfers by Lenders Clause in Contracts

Assignments and transfers by Lenders. 28.3.1 Any Lender may at any time with the prior consent of the Agent and after consultation with Ideal but without the prior consent of Ideal or any other party to this Agreement assign all or any of its rights under this Agreement to any bank or financial institution which is a Qualifying Lender or transfer in accordance with clause 28.4 all or any of its rights and obligations under this Agreement to any such Qualifying Lender. 28.3.2 If any Lender assigns all or any of its rights under this Agreement in accordance with clause 28.3.1 then, unless and until the assignee has agreed with the Agent, the Security Trustee and the other Lenders that it shall be under the same obligations towards each of them as it would have been under if it had been a party to this Agreement, the Agent, the Security Trustee and the other Lenders shall not be obliged to recognise such assignee as having the rights against each of them which it would have had if it had been a party to this Agreement.

Assignments and transfers by Lenders. 28.3.1 Any Lender may at any time with the prior consent of the Agent and after consultation with Ideal but without the prior consent of Ideal or any other party to this Agreement assign all or any of its rights under this Agreement to any bank or financial institution which is a Qualifying Lender or transfer in accordance with clause 28.4 all or any of its rights and obligations under this Agreement to any such Qualifying Lender. 28.3.2 If any Lender assigns all or any of its rights under this Agreement in accordance with clause 28.3.1 then, unless and until the assignee has agreed 123 with the Agent, the Security Trustee and the other Lenders that it shall be under the same obligations towards each of them as it would have been under if it had been a party to this Agreement, the Agent, the Security Trustee and the other Lenders shall not be obliged to recognise such assignee as having the rights against each of them which it would have had if it had been a party to this Agreement.