Common use of CHANGES TO THE BORROWER Clause in Contracts

CHANGES TO THE BORROWER. The Borrower may not assign any of its rights or transfer any of its rights or obligations under the Finance Documents. Notwithstanding the foregoing, subject to the Lender’s prior written consent (which shall not be unreasonably withheld), the Borrower may assign its rights or transfer its rights or obligations under the Finance Document to an Affiliate of the Borrower (the “New Borrower”) pursuant to a restructuring for tax efficiency purposes, provided that:

Appears in 6 contracts

Samples: Facility Agreement (Zhongpin Inc.), Facility Agreement (Fushi Copperweld, Inc.), Facility Agreement (China TransInfo Technology Corp.)

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CHANGES TO THE BORROWER. The Borrower may not assign any of its rights or transfer any of its rights or obligations under the Finance Documents. Notwithstanding Documents without the foregoing, subject to the Lender’s prior written consent (which shall not be unreasonably withheld), the Borrower may assign its rights or transfer its rights or obligations under the Finance Document to an Affiliate of the Borrower (the “New Borrower”) pursuant to a restructuring for tax efficiency purposes, provided that:Lender.

Appears in 5 contracts

Samples: www.sec.gov, Facility Agreement (Solar Power, Inc.), Agreement (Mobile Telesystems Ojsc)

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