Changes to the Lenders. 24.1 Assignments and transfers by the Lenders Subject to this Clause 24, a Lender (the “Existing Lender”) may: (a) assign any of its rights; (b) transfer any of its rights and obligations; or (c) enter into a sub-participation or similar agreement in relation to this Agreement, to another bank or financial institution (the “New Lender”).
Appears in 2 contracts
Samples: Credit Agreement (Sappi LTD), Credit Agreement (Sappi LTD)
Changes to the Lenders. 24.1 21.1 Assignments and transfers by the Lenders Subject to this Clause 24clause 21, a Lender (the “"Existing Lender”") may:
(aA) assign any of its rights;; or
(bB) transfer by novation any of its rights and obligations; or
(c) enter into a sub-participation or similar agreement in relation to this Agreement, under the Finance Documents to another bank or financial institution or, with the prior written consent of the Borrower, to any other entity (the “"New Lender”)") provided that such transfer or assignment is in a minimum amount of HK$10,000,000.
Appears in 2 contracts
Samples: Facility Agreement (PCCW LTD), Facility Agreement (PCCW LTD)
Changes to the Lenders. 24.1 22.1 Assignments and transfers by the Lenders Subject to this Clause 2422, a Lender (the “Existing Lender”) may:
(a) assign any of its rights;; or
(b) transfer by novation any of its rights and obligations; or
(c) enter into a sub-participation or similar agreement in relation to 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 (Multi Fineline Electronix Inc), Facility Agreement (Wimm Bill Dann Foods Ojsc)
Changes to the Lenders. 24.1 25.1 Assignments and transfers by the Lenders Subject to this Clause 2425, a Lender (the “"Existing Lender”") may:
(a) assign any of its rights;; or
(b) transfer by novation any of its rights and obligations; or
(c) enter into a sub-participation or similar agreement in relation to this Agreement, to another bank or financial institution (the “"New Lender”").
Appears in 1 contract
Samples: Facility Agreement (Schroder Ventures International Investment Trust PLC)
Changes to the Lenders. 24.1 34.1 Assignments and transfers by the Lenders Subject to this Clause 2434, a Lender (the “Existing Lender”) may:
(a) assign any of its rights;; or
(b) transfer by novation any of its rights and obligations; or
(c) enter into a sub-participation or similar agreement in relation to 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 1 contract
Samples: Amendment and Restatement Agreement (Rockwood Holdings, Inc.)
Changes to the Lenders. 24.1 22.1 Assignments and transfers by the Lenders Subject to this Clause 2422, a Lender (the “Existing Lender”) may:
(a) assign any of its rights;; or
(b) transfer by novation any of its rights and obligations; or
(c) enter into a sub-participation or similar agreement in relation to this Agreement, to another bank or financial institution (the “New Lender”)) at the cost and expense of the Existing Lender and/or the New Lender and with prior notice to but otherwise without the prior consent of the Borrower.
Appears in 1 contract
Samples: Facility Agreement (Chartered Semiconductor Manufacturing LTD)
Changes to the Lenders. 24.1 22.1 Assignments and transfers by the Lenders Subject to this Clause 2422, a Lender (the “Existing Lender”) may:
(a) 22.1.1 assign any of its rights;; or
(b) 22.1.2 transfer any of its rights (including such as relate to that Lender’s participation in each Loan) and obligations; or
(c) enter into a sub-participation or similar agreement in relation to this Agreement, to another bank or financial institution (the “New Lender”). The consent of the Finance Parties is hereby given to a transfer by an Existing Lender to a New Lender.
Appears in 1 contract
Changes to the Lenders. 24.1 26.1 Assignments and transfers by the Lenders Subject to this Clause 2426, a Lender (the “Existing Lender”) may:
: (a) assign or have assumed any of its rights;
; or (b) transfer any of its rights and obligations; or
(c) enter into a sub-participation or similar agreement in relation to this Agreement, to another bank or financial institution (institution, or to a trust, fund or other entity which is regularly engaged in or established for the “New Lender”).purpose of making, purchasing or investing in loans,
Appears in 1 contract
Samples: Senior Secured Credit Facility Agreement (Borr Drilling LTD)
Changes to the Lenders. 24.1 23.1 Assignments and transfers by the Lenders Subject to this Clause 2423, a Lender (the “Existing Lender”) may:
(a) assign any of its rights;
(b) transfer any of its rights and obligations; or
(c) enter into a sub-participation or similar agreement in relation to this Agreement, to another bank or financial institution (the “New Lender”).
Appears in 1 contract
Samples: Amending Agreement (Sappi LTD)
Changes to the Lenders. 24.1 28.1 Assignments and transfers by the Lenders Subject to this Clause 2428 (Changes to the Lenders), a Lender (the “Existing Lender”) may:
(a) 28.1.1 assign any of its rights;; or
(b) 28.1.2 transfer by novation any of its rights and obligations; or
(c) enter into a sub-participation or similar agreement in relation to 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 1 contract
Samples: Junior Credit Agreement (Endeavour International Corp)
Changes to the Lenders. 24.1 23.1 Assignments and transfers by the Lenders Subject to this Clause 2423, a Lender (the “"Existing Lender”") may:
(a) assign any of its rights;; or
(b) transfer by novation any of its rights and obligations; or
(c) enter into a sub-participation or similar agreement in relation to 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 1 contract
Samples: Facility Agreement (Bunge LTD)
Changes to the Lenders. 24.1 34.1 Assignments and transfers by the Lenders Subject to this Clause 2427, a Lender (the “Existing Lender”) may:
(a) assign any of its rights;; or
(b) transfer by novation any of its rights and obligations; or
(c) enter into a sub-participation or similar agreement in relation to 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 1 contract
Samples: Facility Agreement (Rockwood Specialties Group Inc)
Changes to the Lenders. 24.1 21.1 Assignments and transfers by the Lenders Subject to this Clause 24clause 21, a Lender (the “"Existing Lender”") may:
(aA) assign any of its rights;; or
(bB) transfer by novation any of its rights and obligations; or
(c) enter into a sub-participation or similar agreement in relation to this Agreement, under the Finance Documents to another bank or financial institution or with the prior written consent of the Borrower to any other entity (the “"New Lender”).") provided that such transfer or assignment is in a minimum amount of HK$20,000,000. 43 Simmons & Simmons
Appears in 1 contract
Samples: Facility Agreement (PCCW LTD)
