Common use of Assignments by the Lenders Clause in Contracts

Assignments by the Lenders. With the prior written consent of the Borrower (which consent will not be unreasonably withheld), any Lender may at any time assign, or grant a security interest or sell a participation interest in, its rights in the Loan (or portion thereof) to any Person; provided that (a) no such consent of the Borrower shall be required during the existence of an Event of Default, (b) in the case of an assignment of the Loan with respect to such Lender, the assignee shall execute and deliver to the Borrower, the Servicer and the Administrative Agent a Joinder Supplement substantially in the form of Exhibit I hereto, and (c) no Lender shall need prior consent to at any time assign, or grant a security interest or sell a participation interest in, the Loan (or portion thereof) to an Affiliate or an Approved Fund. The parties to any such assignment or sale of a participation interest by a Lender shall execute and deliver to the Administrative Agent, for its acceptance and recording in its books and records, such agreement or document as may be satisfactory to such parties and the Administrative Agent. Neither the Borrower nor the Servicer shall assign or delegate, or grant any interest in, any of its rights, obligations or duties under this Agreement without the prior written consent of the Administrative Agent.

Assignments by the Lenders. With the prior written consent of the Borrower Borrowers (which consent will not be unreasonably withheld), any Lender may at any time assign, or grant a security interest or sell a participation interest in, its rights in the Loan its Loans (or portion thereof) or Commitment (or portion thereof) to any Person; provided that (ai) no such consent of the Borrower Borrowers shall be required during following the existence occurrence of an Event of Default, (bii) in the case of an assignment of the Loan its Loans or Commitments with respect to such Lender, the assignee shall execute and deliver to the Borrower, the Servicer and the Administrative Agent a Joinder Supplement substantially in the form of Exhibit I hereto, and (ciii) no Lender shall need prior consent to at any time assign, or grant a security interest or sell a participation interest in, the Loan its Loans (or portion thereof) or Commitment (or portion thereof) to an Affiliate or an Approved Fund. The parties to any such assignment or sale of a participation interest by a Lender shall execute and deliver to the Administrative Agent, for its acceptance and recording in its books and records, such agreement or document as may be satisfactory to such parties and the Administrative Agent. Neither the Borrower nor Borrowers, the Originator, the Servicer nor any Guarantor shall assign or delegate, or grant any interest in, any of its rights, obligations or duties under this Agreement without the prior written consent of the Administrative Agent.

Assignments by the Lenders. (a) With the prior written consent of the Borrower (which consent will shall not be unreasonably withheld), any each Lender may at any time assign, or grant a security interest or sell a participation interest in, its rights in the Loan any Advance (or portion thereof) to any Person; provided that provided, that, (ai) no such consent of the Borrower shall be required during following the existence occurrence of an Event of Defaulta Termination Event, (bii) in the case of an assignment of the Loan Variable Funding Note with respect to such any Lender, the assignee shall execute (other than any assignee described in the following provision) executes and deliver delivers to the Borrower, the Servicer and the Administrative Agent a Joinder Supplement fully-executed Assignment and Acceptance substantially in the form of Exhibit I D hereto and a Transferee Letter substantially in the form of Exhibit V hereto, ); and (ciii) no any Conduit Lender shall not need prior consent to at any time assign, or grant a security interest or sell a participation interest in, the Loan any Advance (or portion thereof) to a Liquidity Bank or an Affiliate or an Approved Fundof the Agent. The parties to any such assignment or sale of a participation interest by a Lender Borrower shall execute and deliver to the Administrative Agent, for its acceptance and recording in its books and records, such agreement or document as may be satisfactory to such parties and the Administrative Agent. Neither the Borrower nor the Servicer shall not assign or delegate, or grant any interest in, or permit any Lien to exist upon, any of its the Borrower’s rights, obligations or duties under this Agreement without the prior written consent of the Administrative Agent, each Lender and the Hedge Counterparty.