Common use of Sub-participation; securitisation; subrogation assignment Clause in Contracts

Sub-participation; securitisation; subrogation assignment. (a) A Lender may sub-participate or include in a securitisation or similar transaction all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, any Borrower, any Security Party, the Agent or the Security Trustee or any other Creditor Party; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them. (b) The Borrower shall, and shall procure that each Security Party shall, do everything desirable or necessary to assist a Lender to achieve a successful (in the opinion of that Lender) securitisation (or similar transaction).

Sub-participation; securitisation; subrogation assignment. (a) A Lender may sub-participate or include in a securitisation or similar transaction all or any part of its rights and/or obligations under or in connection with the Finance Documents without the consent of, or any notice to, any Borrower, any Security Party, the Agent or the Security Trustee or any other Creditor Party; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them. (b) The Borrower Borrowers shall, and shall procure that each Security Party shall, do everything desirable or necessary to assist a Lender to achieve a successful (in the opinion of that Lender) securitisation (or similar transaction).

Sub-participation; securitisation; subrogation assignment. (a) A The Lender may sub-participate or include in a securitisation or similar transaction all or any part of its rights and/or obligations under or in connection with the Finance Documents without consultation with, the prior consent ofof or notice to, the Borrowers, or any Security Party and the Lender may freely assign, without consultation with, the prior consent of or notice to, any Borrower, the Borrowers or any Security Party, the Agent or the Security Trustee or any other Creditor Party; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them. (b) The Borrower Borrowers shall, and shall procure that each Security Party shall, do everything desirable or necessary to assist a the Lender to achieve a successful (in the opinion of that the Lender) securitisation (or similar transaction)) Provided only that the Borrowers’ third party costs are met by the Lender.

Sub-participation; securitisation; subrogation assignment. (a) A The Lender may sub-participate or include in a securitisation or similar transaction all or any part of its rights and/or obligations under or in connection with the Finance Documents without consultation with, the prior consent ofof or notice to, the Borrower, or any Security Party and the Lender may freely assign, without consultation with, the prior consent of or notice to, any Borrower, the Borrower or any Security Party, the Agent or the Security Trustee or any other Creditor Party; and the Lenders may assign, in any manner and terms agreed by the Majority Lenders, the Agent and the Security Trustee, all or any part of those rights to an insurer or surety who has become subrogated to them. (b) The Borrower shall, and shall procure that each Security Party shall, do everything desirable or necessary to assist a the Lender to achieve a successful (in the opinion of that the Lender) securitisation (or similar transaction)) Provided only that the Borrower’s third party costs are met by the Lender.