Assignments by Agents Clause Samples
The "Assignments by Agents" clause governs whether and how an agent may transfer their rights or obligations under an agreement to another party. Typically, this clause specifies if the agent needs the principal's consent before assigning their duties, or it may outright prohibit such assignments to maintain control over who is performing the contractual obligations. By clearly outlining the rules for assignment, this clause helps prevent unauthorized transfers and ensures that the principal retains oversight over who is acting on their behalf, thereby reducing the risk of unexpected changes in representation or performance.
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Assignments by Agents. This Agreement and the rights and obligations of the Administrative Agent and each Group Agent herein shall be assignable by the Administrative Agent or such Group Agent, as the case may be, and its successors and assigns; provided that in the case of an assignment to a Person that is not an Affiliate of the Administrative Agent or such Group Agent, so long as no Event of Default or Unmatured Event of Default has occurred and is continuing, such assignment shall require the Borrower’s consent (not to be unreasonably withheld, conditioned or delayed).
Assignments by Agents. This Agreement and the rights and obligations of the Administrative Agent and each Purchaser herein shall be assignable by the Administrative Agent or such Purchaser, as the case may be, and its successors and assigns; provided that in the case of an assignment to a Person that is not an Affiliate of the Administrative Agent or such Purchaser, so long as no Event of Termination or Unmatured Event of Termination has occurred and is continuing, such assignment shall require the Master Servicer’s and the Seller’s consent (not to be unreasonably withheld, conditioned or delayed).
Assignments by Agents. This Agreement and the rights and obligations of the Agent herein shall be assignable by the Agent, and its successors and assigns, subject to the Seller’s prior written consent (not to be unreasonably withheld, conditioned or delayed).
Assignments by Agents. This Agreement and the rights and obligations of the Administrative Agent herein shall be assignable by the Administrative Agent in accordance with Section 10.08; provided that in the case of an assignment to a Person that is not an Affiliate of the Administrative Agent, so long as (i) an Affiliate of (or Conduit Lender administered by) the Administrative Agent is then acting as a Lender hereunder and (ii) no Unmatured Initial Servicer Default, Initial Servicer Default, Event of Default or Unmatured Event of Default has occurred and is continuing, such assignment shall require the Borrower’s consent (not to be unreasonably withheld, conditioned or delayed).
Assignments by Agents. Except to the extent its obligations hereunder and its interest in its Commitment Amount and Advances have been assigned pursuant to one or more Assignments and Acceptances, if an Agent is also a Lender, such Agent shall have the same rights and powers under this Agreement as any other Lender and may exercise the same as though it were not such Agent, respectively. The Agents, the Lenders and their respective Affiliates may accept deposits from, lend money to, act as trustee under indentures of, and generally engage in any kind of business with, any Borrower, or any Affiliate of any Borrower and any Person who may do business with or own securities of any Borrower or any Affiliate of any Borrower, all as if they were not serving in such capacities hereunder and without any duty to account therefor to each other. Doc#: US1:27042256v21
Assignments by Agents. This Agreement and the rights and obligations of the Administrative Agent and each Group Agent herein shall be assignable by the Administrative Agent or such Group Agent, as the case may be, and its successors and assigns; provided that in the case of an assignment to a Person that is not an Affiliate of the Administrative Agent or such Group Agent, so long as no Event of Termination or Unmatured Event of Termination has occurred and is continuing, such assignment shall require the Seller’s consent (not to be unreasonably withheld, conditioned or delayed).
(h) Assignments by the Seller or the Servicer. Neither the Seller nor, except as provided in Section 9.01, the Servicer may assign any of its respective rights or obligations hereunder or any interest herein without the prior written consent of the Administrative Agent and each Group Agent (such consent to be provided or withheld in the sole discretion of such Person).