Common use of Assignments by the Lenders Clause in Contracts

Assignments by the Lenders. Subject to this Clause 23, a Lender (the “Existing Lender”) may assign any of its rights and obligations (by way of “overdracht”/”cession”) 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”).

Assignments by the Lenders. Subject to this Clause 2326 (Changes to the Lenders), a Lender (the “Existing Lender”) may assign or transfer all or any part of its rights and obligations (by way of “overdracht”/”cession”) under the Finance Documents 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”).