Assignments to Affiliates. Notwithstanding the foregoing provisions of this Section 12, each Bank may at any time sell, assign, transfer, or negotiate all or any part of its Revolving Loan Commitment and Revolving Credit Loans to any Affiliate of such Bank; Provided that an Affiliate to whom such disposition has been made shall not be considered a "Bank" for purposes of this Loan Agreement other than for purposes of Section 10.2 hereof; provided further that the Borrowers shall not incur any additional expenses solely as a result of such sale, assignment, transfer or negotiation.
Assignments to Affiliates. Notwithstanding anything in Section 11.07 to the contrary, any Lender may assign all or any portion of its interest in the Loans to its Affiliate without the acceptance or consent of Agent or Borrower and without payment of any fees.
Assignments to Affiliates. Notwithstanding anything in the Lease to the contrary, but subject to Sections 16.3 and 16.4, Tenant may assign this Lease or sublease the Premises, without prior notice to Landlord, the consent of Landlord or the payment of any fees or sums whatsoever to Landlord, to the following (collectively, a “Permitted Assignee”): (i) to any parent, subsidiary, or affiliate entity; or,
Assignments to Affiliates. Notwithstanding Section 20.1, either Party may, without the need for consent from the other Party (but with prior notice to the other Party, including the name of the Affiliate), Assign this Agreement to an Affiliate; provided, however, that it shall be a condition precedent to such Assignment that such Affiliate enters into an assignment and assumption agreement pursuant to which such Affiliate assumes all of the assigning Party’s obligations under this Agreement and otherwise agrees to be bound by the terms of this Agreement; provided, further that: (a) in the case of Assignment by Utility, such Affiliate must have the same or better credit rating from S&P and Xxxxx’x as Utility as of the effective date of such assignment (or if such Affiliate is not rated by S&P and Xxxxx’x, the same or better creditworthiness as Utility, as reasonably determined by Seller and (b) in the case of Assignment by Seller: (i) such Affiliate must (A) possess the same or similar experience as Seller (as reasonably determined by Utility) and (B) possess the same or better credit rating from S&P and Xxxxx’x as Seller as of the Execution Date (or if Seller or such Affiliate is not rated by S&P and Xxxxx’x, the same or better creditworthiness as Seller, as reasonably determined by Utility, or otherwise agrees, in lieu of demonstrating creditworthiness, to be bound by the Security requirements of Section 8); and (ii) any Security required pursuant to Section 8 must be provided, replaced or remain in full force and effect.
Assignments to Affiliates. SOCAR shall be entitled at any time to assign all or part of such interest to one or more of its Affiliates without the approval of Contractor; provided, however, that any such Affiliate satisfies the requirements of Article 22.2(c)(i) above, and further provided that SOCAR shall remain liable for obligations under this Contract in the same manner as though no assignment had been made unless and until said assignment is approved or deemed approved by Contractor, in the manner provided under Article 22.2(c)(iii).
Assignments to Affiliates. Lender may assign all or any portion of its interest in the Revolving Loan to its Affiliates without the acceptance or consent of Borrower, and may assign all or any portion of its interest in the Revolving Loan to the Federal Reserve Bank without acceptance or approval of Borrower.
Assignments to Affiliates. Notwithstanding anything in the Lease to the contrary, but subject to Sections 16.3 and 16.4, Tenant may assign this Lease or sublease the Premises, without prior notice to Landlord, the consent of Landlord or the payment of any fees or sums whatsoever to Landlord, to the following (collectively, a “Permitted Assignee”): (i) to any parent, subsidiary, or affiliate entity; or, (ii) to any successor in interest of all or substantially all of the assets, stock or business of Tenant to which this Lease pertains). A person, association, partnership, corporation or joint-stock company, trust, or other business entity, however organized, is an affiliate of the person or entity which directly or indirectly, through one (1) or more intermediaries, controls, is controlled by, or is under common control with, such person. Control shall be defined as: (x) ownership of more than fifty percent (50%) of the voting power of all classes of voting stock; or, (y) ownership of more than fifty percent (50%) of the beneficial interests in income and capital of an entity other than a corporation. Tenant shall give Landlord written notice of such assignment or sublease to a Permitted Transferee within thirty (30) days of its completion.
Assignments to Affiliates. Notwithstanding any other provision of this Agreement, any Lender may at any time, following written notice to Administrative Agent, assign all or any portion of its Pro Rata Share of the Term Loans to an Affiliate of such Lender
Assignments to Affiliates. Either Party shall be entitled to transfer its rights and obligations under this Agreement, upon notice to the other, to any of its Affiliates, provided that the Assigning Party provides a guaranty in favor of the Non-Assigning Party, in a form reasonably acceptable to the Non-Assigning Party, of the assignee’s obligations under this Agreement, provided, however, that Seller shall be entitled to transfer its rights and obligations under this Agreement to any of its Affiliates for general corporate purposes without providing such a guaranty.
Assignments to Affiliates. Notwithstanding the foregoing, any Lender (or any Lender together with one or more other Lenders) may (x) assign all or a portion of its Commitments and related outstanding Obligations (or, if the Commitments with respect to the relevant Tranche have terminated, outstanding Obligations) hereunder to (i) its parent company and/or any affiliate of such Lender which is at least 50% owned by such Lender or its parent company or to one or more Lenders or (ii) in the case of any Lender that is a fund that invests in loans, any other fund that invests in loans and is managed or advised by the same investment advisor of such Lender or by an Affiliate of such investment advisor or (y) assign all, or if less than all, a portion equal to at least $1,000,000 in the aggregate for the assigning Lender or assigning Lenders, of such Commitments and related outstanding Obligations (or, if the Commitments with respect to the relevant Tranche have terminated, outstanding Obligations) hereunder to one or more Eligible Transferees (treating any fund that invests in loans and any other fund that invests in loans and is managed or advised by the same investment advisor of such fund or by an Affiliate of such investment advisor as a single Eligible Transferee), each of which assignees shall become a party to this Agreement as a Lender by execution of an Assignment and Assumption Agreement, provided that,
(i) upon the surrender of the relevant Notes by the assigning Lender (or, upon such assigning Lender's indemnifying the Borrower for any lost Note pursuant to a customary indemnification agreement) new Notes will be issued, at the Borrower's expense, to such new Lender and to the assigning Lender upon the request of such new Lender or assigning Lender, such new Notes to be in conformity with the requirements of Section 2.5 (with appropriate modifications) to the extent needed to reflect the revised Commitments and/or outstanding Loans, as the case may be,
(ii) the consent of the Administrative Agent shall be required for any assignment to an Eligible Transferee pursuant to clause (y) above (such consent not to be unreasonably withheld or delayed),
(iii) so long as no Default or Event of Default then exists, the consent of the Borrower shall be required for any assignment to an Eligible Transferee pursuant to clause (y) above that occurs after the 30th day following the Closing Date (such consent not to be unreasonably withheld or delayed),
(iv) the Administrative Agent shall rece...
