Assignments to Affiliates. Notwithstanding the foregoing ------------------------- provisions of this Section 11, 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 9.2 hereof; provided further that the Borrower 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 Lender or 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. 80 12.4 No Release of Obligations................................80 SECTION 13 INDEMNITY................................................80 SECTION 14 NOTICES..................................................80 SECTION 15 MISCELLANEOUS............................................82
Assignments to Affiliates. Any Lender may assign all or any portion of its interest in the Loans to its Affiliates without the acceptance or consent of Borrower or Agent (notwithstanding anything in Section to the contrary), upon payment of the administrative fee described in Section , and may assign all or any portion of its interest in the Loans to the Federal Reserve Bank without acceptance or approval of Agent or Borrower and without payment of any fees.
Assignments to Affiliates. Each Party shall have the right to assign all or part of its rights and interests herein, without prior consent of the other Party, to (i) any entity acquiring all ox- substantially all of the assets of such Party; (ii) any entity merged or consolidated with such Party; or (iii) any entity which is wholly owned by such Party.
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.
