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Common use of Changes to the Lenders Clause in Contracts

Changes to the Lenders. 25.1 Assignments and transfers by the Lenders (i) to another Lender or an Affiliate of a Lender; (ii) to a reputable shipping bank which has a minimum rating of "BBB" at S&P or "Baa" at Xxxxx'x; or (iii) made at a time when an Event of Default is continuing.

Appears in 2 contracts

Samples: Term Loan Facility Agreement (DHT Holdings, Inc.), Term Loan Facility Agreement (DHT Holdings, Inc.)

Changes to the Lenders. 25.1 Assignments and transfers by the Lenders (ia) to another Lender or an Affiliate of a Lender; (iib) to a reputable shipping bank which has a minimum rating of "BBB" at S&P or "Baa" at Xxxxx'xXxxxx’x; or (iiic) made at a time when an Event of Default has occurred and is continuing.

Appears in 1 contract

Samples: Term Loan Facility Agreement (DHT Holdings, Inc.)