Common use of Sale or Assignment Clause in Contracts

Sale or Assignment. The Bank may assign its rights hereunder and under each other International Loan Document and the Liens granted pursuant to the International Security Documents only to the Eximbank in accordance with the terms and conditions of the Eximbank Guaranty. Notwithstanding the foregoing, the Bank may assign, transfer, negotiate, sell or participate all or part of its interests and rights in the Loans and Letters of Credit to an Affiliate or Subsidiary of the Bank, provided that the Bank retains all obligations under the Eximbank Guaranty with respect to the Eximbank.

Sale or Assignment. The Bank may assign its rights hereunder and under each other International Loan Document and the Liens granted pursuant to the International Security Documents only to the Eximbank Ex-Im Bank in accordance with the terms and conditions of the Eximbank Ex-Im Bank Guaranty. Notwithstanding the foregoing, the Bank may assign, transfer, negotiate, sell or participate all or part of its interests and rights in the Loans and Letters of Credit to an Affiliate or Subsidiary of the Bank, provided that the Bank retains all obligations under the Eximbank Ex-Im Bank Guaranty with respect to Ex-Im Bank and the EximbankInternational Loan Documents.

Sale or Assignment. The Bank may assign its rights hereunder and under each other International Loan Document and the Liens granted pursuant to the International Security Documents only to the Eximbank Ex-Im Bank in accordance with the terms and conditions of the Eximbank Ex-Im Bank Guaranty. Notwithstanding the foregoing, the Bank may assign, transfer, negotiate, sell or participate all or part of its interests and rights in the Loans and Letters of Credit to an Affiliate or Subsidiary of the Bank, provided that the Bank retains all obligations under the Eximbank Ex-Im Bank Guaranty with respect to the EximbankEx-Im Bank.