Common use of Changes to the Lenders Clause in Contracts

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; or (b) transfer by novation any of its rights and obligations, 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: Facilities Agreement (Bunge LTD)

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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 rightsrights and benefits in respect of any Utilisation; or (b) transfer by novation any of its rights rights, benefits and obligationsobligations in respect of any Commitment or any Utilisation, to another bank or financial institution or to a trust, securitisation trust or fund or (subject to paragraph (a) of Clause 25.2 (Conditions of assignment or transfer)) 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: Facilities Agreement (Cemex Sa De Cv)

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 rightsrights and benefits in respect of any Utilisation; or (b) transfer by novation any of its rights rights, benefits and obligationsobligations in respect of any Commitment or Utilisation, to another bank or financial institution or to a trust, securitisation trust or fund or (subject to paragraph (a) of Clause 24.2 (Conditions of assignment or transfer)) 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: Facilities Agreement (Cemex Sa De Cv)

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Changes to the Lenders. 24.1 26.1 Assignments and transfers Transfers by the Lenders Subject to this Clause 2426 (Changes to the Lenders), a Lender (the “Existing Lender”) may: (a) assign any of its rights; or (b) transfer by novation any of its rights and obligations, 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 (Globalstar, Inc.)

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