Transfer by a Borrower Sample Clauses
The 'Transfer by a Borrower' clause defines the conditions under which a borrower may assign or transfer their rights and obligations under a loan agreement to another party. Typically, this clause restricts the borrower from transferring the loan or any related interests without the lender's prior written consent, ensuring that the lender maintains control over who is responsible for repayment. By setting these boundaries, the clause protects the lender from unwanted risk and ensures that only approved parties can assume the borrower's obligations, thereby maintaining the integrity and enforceability of the loan agreement.
Transfer by a Borrower. Neither Borrower may, without the prior written consent of the Agent, given on the instructions of all the Lenders:
(a) transfer any of its rights, liabilities or obligations under any Finance Documents; and
(b) enter into any merger, de-merger or other reorganisation, or carry out any other act, as a result of which any of its rights or liabilities would vest in, or pass to, another person.