Common use of Assignments and transfers by the Clause in Contracts

Assignments and transfers by the. Lenders Subject to this Clause 24, a Lender (the "Existing Lender") may: 24.1.1 assign any of its rights; or 24.1.2 transfer by novation any of its rights and obligations, under any Finance Document to 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").

Appears in 1 contract

Samples: Secured Loan Agreement (Diana Containerships Inc.)

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Assignments and transfers by the. Lenders Subject to this Clause 24, a Lender (the "Existing Lender") may: 24.1.1 assign any of its rights; or 24.1.2 transfer by novation any of its rights and obligations, under any Finance Document to 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").

Appears in 1 contract

Samples: Secured Loan Agreement (HC2 Holdings, Inc.)

Assignments and transfers by the. Lenders Subject to this Clause 2420, a Lender (the "Existing Lender") may: 24.1.1 20.2.1 assign any of its rights; or 24.1.2 20.2.2 transfer by novation any of its rights and obligations, under any Finance Document to 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").

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (WPP Group PLC)

Assignments and transfers by the. Lenders Subject to this Clause 2424 (Benefit of Agreement), a Lender (the "Existing Lender") may:: 24. 24.1.1 2.1 assign any of its rights; or 24.1.2 transfer by novation any of its rights and obligations, under any Finance Document to 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").24

Appears in 1 contract

Samples: Credit Agreement (WPP PLC)

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Assignments and transfers by the. Lenders Subject to this Clause 24, a Lender (the "Existing Lender") may:: 24. 24.1.1 1.1 assign any of its rights; or or 24.1.2 transfer by novation any of its rights and obligations, under any Finance Document to 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")24.

Appears in 1 contract

Samples: Secured Loan Agreement (TORM PLC)

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