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”).
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Samples: Credit Agreement (Sappi LTD), Credit Agreement (Sappi LTD)
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;rights and benefits in respect of any Utilisation; or
(b) transfer by novation any of its rights rights, benefits and obligations; or
(c) enter into a sub-participation obligations in respect of any Commitment or similar agreement in relation to this Agreementany Utilisation, to another bank or financial institution or to a securitisation trust or fund or (subject to paragraph (a) of Clause 25.2 (Conditions of assignment or transfer)) other entity (the “"New Lender”").
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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;rights and benefits in respect of any Utilisation; or
(b) transfer by novation any of its rights rights, benefits and obligations; or
(c) enter into a sub-participation obligations in respect of any Commitment or similar agreement in relation to this AgreementUtilisation, to another bank or financial institution or to a securitisation trust or fund or (subject to paragraph (a) of Clause 24.2 (Conditions of assignment or transfer)) other entity (the “"New Lender”").
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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 (the “New Lender”).
Appears in 1 contract
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 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)