Common use of Assignments by the Lenders Clause in Contracts

Assignments by the Lenders. Subject to this Clause 26 (Changes to the Lenders), a Lender (the “Existing Lender”) may assign or transfer all or any part of its rights and obligations 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”).

Appears in 2 contracts

Samples: Credit Agreement (DHT Holdings, Inc.), Credit Agreement (DHT Holdings, Inc.)

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Assignments by the Lenders. Subject to this Clause 26 (Changes to the Lenders)23, a Lender (the “Existing Lender”) may assign or transfer all or any part of its rights and obligations under the Finance Documents (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”).

Appears in 2 contracts

Samples: Facility Agreement (WABCO Holdings Inc.), Facility Agreement (WABCO Holdings Inc.)

Assignments by the Lenders. Subject to this Clause 26 (Changes to the Lenders)clause 31, a Lender (the Existing Lender) may assign or transfer all or any part of its rights and obligations under the Finance Documents this Agreement 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 2 contracts

Samples: Facility Agreement (Cool Co Ltd.), Facility Agreement (Cool Co Ltd.)

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Assignments by the Lenders. Subject to this Clause 26 (Changes to the Lenders)clause 31, a Lender (the Existing Lender) may assign or transfer all or any part of its rights and obligations under the any Finance Documents Document to another bank or financial institution or to a trust, trust or fund or to any insurance or reinsurance company or to any 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: Facility Agreement (Danaos Corp)

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