Right to. assign Each of the Banks may assign or transfer all or any of its rights under or pursuant to the Security Documents or assign or grant sub-participations in all or any part of its Commitment (i) to any other branch or affiliate of that Bank or to another Bank or (ii) with the prior written consent of the Agent and the Borrower (which shall not be unreasonably withheld and which shall be deemed given if no response shall be received within ten (10) Business Days of a request or at any time whilst an Event of Default is in existence) to any other bank or financial institution.
Appears in 4 contracts
Samples: Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc), Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc), Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc)
Right to. assign Each of the Banks may assign or transfer all or any of its rights under or pursuant to the Security Documents or assign or grant sub-participations in all or any part of its Commitment (i) to any other branch or affiliate of that Bank or to another Bank or (ii) with the prior written consent of the Agent Agent, the Issuer and the Borrower (which shall not be unreasonably withheld and which shall be deemed given if no response shall be received within ten (10) Business Days of a request or at any time whilst an Event of Default is in existence) to any other bank or financial institution.
Appears in 2 contracts
Samples: Secured Reducing Revolving Loan and Letter of Credit Facility Agreement (Gulfmark Offshore Inc), Secured Reducing Revolving Loan and Letter of Credit Facility Agreement (Gulfmark Offshore Inc)
Right to. assign Each of the Banks may assign or transfer all or any of its rights and/or obligations under or pursuant to this Agreement to any other branch or subsidiary of that Bank or (with the Security Documents prior written consent of the Borrowers, such consent not to be unreasonably withheld or assign delayed) to any other bank or financial institution, and may grant sub-participations in all or any part of its Commitment (i) to any other branch or affiliate of that Bank or to another Bank or (ii) with the prior written consent of the Agent and the Borrower (which shall not be unreasonably withheld and which shall be deemed given if no response shall be received within ten (10) Business Days of a request or at any time whilst an Event of Default is in existence) to any other bank or financial institutionCommitment.
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Right to. assign Each of the Banks may assign or transfer all or any of its rights under or pursuant to the Security Documents or assign or grant sub-participations participation in all or any part of its Commitment (i) to any other branch or affiliate of that Bank or to another Bank or (ii) with the prior written consent of the Agent and the Borrower (which shall not be unreasonably withheld and which shall be deemed given if no response shall be received within ten (10) Business Days of a request or at any time whilst an Event of Default is in existence) to any other bank or financial institution.
Appears in 1 contract
Samples: Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc)
Right to. assign Each of the Banks may assign or transfer all or any of its rights and/or obligations under or pursuant to this Agreement to any other branch of that Bank or (with the Security Documents prior written consent of the Borrowers, such consent not to be unreasonably withheld or assign delayed) to any other bank or financial institution, and may grant sub-participations in all or any part of its Commitment (i) to any other branch or affiliate of that Bank or to another Bank or (ii) with the prior written consent of the Agent and the Borrower (which shall not be unreasonably withheld and which shall be deemed given if no response shall be received within ten (10) Business Days of a request or at any time whilst an Event of Default is in existence) to any other bank or financial institutionCommitment.
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