Common use of DEALING WITH INTERESTS Clause in Contracts

DEALING WITH INTERESTS. ‌ No party may assign or otherwise deal with its rights or obligations under any Transaction Document or allow any interest in them to arise or be varied, in each case, without:‌ (a) the prior written consent of each other party to this agreement (such consent not to be unreasonably withheld or delayed), provided that where the Lending Body assigns or otherwise deals with its rights or obligations to a Permitted Assignee no consent of any other party will be required; and (b) (whether or not consent is required under paragraph (a)) in the case of a transfer of all of the rights and obligations of that party under this agreement, the transferee first entering into and delivering to each other party to this agreement a deed poll in the form of Annexure I under which the transferee agrees to be bound, with effect on and from the date of the deed poll, by the terms of this agreement as if it was originally named as a party to this agreement instead of the applicable party. On the date on which that executed deed poll is delivered to each other party to this agreement the relevant transferor is released from all of its future obligations under this agreement (but for the avoidance of doubt is not released from any prior breach of this agreement).‌

DEALING WITH INTERESTS. ‌ No party may assign or otherwise deal with its rights or obligations under any Transaction Document or allow any interest in them to arise or be varied, in each case, without:‌without: (a) the prior written consent of each other party to this agreement (such consent not to be unreasonably withheld or delayed), provided that where the Lending Body assigns or otherwise deals with its rights or obligations to a Permitted Assignee no consent of any other party will be required; and (b) (whether or not consent is required under paragraph (a)) in the case of a transfer of all of the rights and obligations of that party under this agreement, the transferee first entering into and delivering to each other party to this agreement a deed poll in the form of Annexure I under which the transferee agrees to be bound, with effect on and from the date of the deed poll, by the terms of this agreement as if it was originally named as a party to this agreement instead of the applicable party. On the date on which that executed deed poll is delivered to each other party to this agreement the relevant transferor is released from all of its future obligations under this agreement (but for the avoidance of doubt is not released from any prior breach of this agreement).‌agreement).

DEALING WITH INTERESTS. ‌ No party may assign or otherwise deal with its rights or obligations under any Transaction Document or allow any interest in them to arise or be varied, in each case, without:‌ (a) the prior written consent of each other party to this agreement (such consent not to be unreasonably withheld or delayed), provided that where the Lending Body assigns or otherwise deals with its rights or obligations to a Permitted Assignee no consent of any other party will be required; and (b) (whether or not consent is required under paragraph (a)) in the case of a transfer of all of the rights and obligations of that party under this agreement, the transferee first entering into and delivering to each other party to this agreement a deed poll in the form of Annexure I under which the transferee agrees to be bound, with effect on and from the date of the deed poll, by the terms of this agreement as if it was originally named as a party to this agreement instead of the applicable party. On the date on which that executed deed poll is delivered to each other party to this agreement the relevant transferor is released from all of its future obligations under this agreement (but for the avoidance of doubt is not released from any prior breach of this agreement).‌agreement).