Common use of Restrictions on Assignments Clause in Contracts

Restrictions on Assignments. The Borrower shall not assign its rights hereunder or any interest herein without the prior written consent of the Lender. The Lender may assign any or all of its rights and, with the Borrower’s prior written consent (not to be unreasonably withheld or delayed), its obligations, under this Agreement, under any Loan pursuant to this Agreement or under the other Facility Documents, to any other entity; provided that notwithstanding anything herein to the contrary, Borrower shall not be subject to any increased costs or expenses as a result of such assignment made without Borrower’s consent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pennymac Financial Services, Inc.), Loan and Security Agreement (PennyMac Mortgage Investment Trust)

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Restrictions on Assignments. The No Borrower shall not assign its rights hereunder or any interest herein without the prior written consent of the Lender. The Lender may assign any or all of its rights and, with the Borrower’s Borrowers’ prior written consent (not to be unreasonably withheld or delayed), its obligations, under this Agreement, under any Loan pursuant to this Agreement or under the other Facility Documents, to any other entity; provided that notwithstanding anything herein to the contrary, no Borrower shall not be subject to any increased costs or expenses as a result of such assignment made without Borrower’s Borrowers’ consent.

Appears in 2 contracts

Samples: Loan and Security Agreement (PennyMac Mortgage Investment Trust), Loan and Security Agreement (PennyMac Mortgage Investment Trust)

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