Common use of Cessions and delegations by the Lenders Clause in Contracts

Cessions and delegations by the Lenders. Subject to this Clause 23, a Lender (the Existing Lender) may cede and/or delegate (a Transfer) any or all of its rights and/or obligations under this Agreement and/or under any other Finance Document to another person (a New Lender). Each Borrower and each other Obligor hereby consents to any splitting of claims which may arise as a result of a Transfer permitted by this Agreement.

Appears in 2 contracts

Samples: Term and Revolving Credit Facilities Agreement (Sibanye Gold LTD), Term and Revolving Credit Facilities Agreement (Sibanye Gold LTD)

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Cessions and delegations by the Lenders. Subject to this Clause 23, a Lender (the Existing Lender) may transfer, cede and/or delegate any of its rights under any Finance Document (a Transfer) any to an Eligible Institution which is regularly engaged in or all established for the purpose of its rights and/or obligations under this Agreement and/or under any making, purchasing or investing in loans, securities or other Finance Document to another person financial assets (a the New Lender). Each Borrower and each other Obligor The Parent hereby consents to any splitting of claims which may arise as a result of a Transfer permitted by this Agreement.

Appears in 1 contract

Samples: Zar Revolving Credit Facility Agreement (Gold Fields LTD)

Cessions and delegations by the Lenders. Subject to this Clause 2324, a Lender (the Existing Lender) may cede and/or delegate (a Transfer) any or all of its rights and/or obligations under this Agreement and/or under any other Finance Document to another person (a New Lender). Each Borrower and each other Obligor hereby consents to any splitting of claims which may arise as a result of a Transfer permitted by this Agreement.

Appears in 1 contract

Samples: Term and Revolving Credit Facilities Agreement (Sibanye Gold LTD)

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Cessions and delegations by the Lenders. Subject to this Clause 2327, a Lender (the Existing Lender) may cede and/or delegate (a Transfer) any or all of its rights and/or obligations under this Agreement and/or under any other Finance Document to another person (a New Lender)Permitted Transferee or to any other bank or financial institution, 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. Each The Borrower and each other Obligor hereby consents to any splitting of claims which may arise as a result of a Transfer permitted by this Agreement.

Appears in 1 contract

Samples: Common Terms Agreement (Harmony Gold Mining Co LTD)

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