Transfer by Banks Sample Clauses

Transfer by Banks. Any Bank (the “Transferor Bank”) may, with the prior written consent (such consent not to be unreasonably withheld or delayed) of the Account Party transfer all or any of its rights and/or obligations in its capacity as a Bank under this Agreement and under the other Finance Documents to another bank or financial institution (the “Transferee Bank”). That transfer shall be effected by the delivery by the Transferor Bank to the Agent of a Transfer Certificate executed by the Transferor Bank and the Transferee Bank. Any such transfer shall not be effective unless it is effected by a Transfer Certificate.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Transfer by Banks. (a) Any Bank (the “Transferor Bank”) may, with the prior written consent (such consent not to be unreasonably withheld or delayed) of the Agent and (other than in the case of a transfer by the Transferor Bank to an Affiliate of the Transferor Bank) the Account Party, transfer its Commitment, rights and/or obligations in its capacity as a Bank under this Agreement and under the other Finance Documents to another bank or financial institution that is a credit institution approved by Lloyd’s for the issue of letters of credit in respect of Funds at Lloyd’s (the “Transferee Bank”), provided always that such transfer shall not be for less than the equivalent of £5,000,000 of the Transferor Bank’s Commitment, rights and/or obligations without the prior written consent of the Agent (in its sole and absolute discretion).
Sample 1Sample 2
Transfer by Banks. Subject to Clause 31.5, a Bank may at any time at no cost to the Borrower transfer in accordance with this Clause 31 to any one or more banks or other lending institutions all or any of its rights, benefits and obligations hereunder, in which case such transfer shall be effected by the delivery to the Agent of a duly completed and duly executed Transfer Certificate and payment of a fee of (pound)1,500 by the Transferee to the Agent whereupon:
Sample 1Sample 2
Transfer by Banks. Each of the parties agrees to waive and hereby waives any provision of the Loan Agreement which would otherwise (i) prevent Barclays from, at any time and from time to time after the Effective Date, entering into an assignment and delegation to Bema Bermuda of any of its rights or obligations under the Loan Documents, pursuant to Section 11.11.1 of --------------- the Loan Agreement, or (ii) prevent AGI Chile from, at any time after the Effective Date at which AGRI is recognized as a foreign "registered financial institution" by the Central Bank, entering into an assignment and delegation to AGRI of any of its rights or obligations under the Loan Documents pursuant to Section 11.11.1 of the Loan ---------------
Sample 1
Transfer by Banks. If any Bank wishes to transfer all or any of its rights, benefits and/or obligations hereunder as contemplated in Clause 25.1 (Assignments and Transfers by Banks), then such transfer may be effected by the delivery to and signature by the Facility Agent on behalf of the Borrower (and the Borrower hereby irrevocably appoints the Facility Agent as its facility agent for the purposes of such delivery and signature of any Transfer Certificate) of a duly completed and duly executed Transfer Certificate in which event it is hereby irrevocably agreed by the Borrower in advance that, on the later of the Transfer Date specified in such Transfer Certificate and the fifth business day after (or such earlier business day endorsed by the Facility Agent on such Transfer Certificate falling on or after) the date of delivery of such Transfer Certificate to and signature by the Facility Agent on behalf of the Borrower (which signature the Facility Agent agrees to complete promptly upon receipt of the relevant Transfer Certificate in accordance with this Clause 25):
Sample 1
Transfer by Banks. The Banks hereby agree that if a financial institution or financial institutions selected by Borrowers agree to purchase the Total Loan Commitment, the Notes and all Loans evidenced thereby, the Banks, subject to the provisions of Section 11.03(c) will transfer and assign their respective remaining Loan Commitments, Notes and Loans and direct the Agent, the Collateral Agent and the Special Agent to transfer and assign their respective interest in the Liens and Security securing the same to such financial institution or financial institutions selected by Borrowers for an amount equal to the outstanding principal amount of such Loans being transferred and assigned plus accrued interest thereon plus fees and expenses, if any, and any other amounts owing by the relevant Borrower or Borrowers hereunder or under any of the other Credit Documents to which such Borrower is, or such Borrowers, are a party, including a pro rata portion of the expenses and fees, if any, then due and owing hereunder by all Borrowers; provided, however, that such transfer and assignment shall be without recourse to the transferors, except to the extent, if any, expressly set forth in the transfer documents evidencing such transfer and assignment. Notwithstanding the foregoing, the Banks shall not be obligated to transfer or assign their respective remaining Loan Commitment, Notes or Loans, unless (i) the Agent, the Collateral Agent and the Banks shall have received, at no cost to them, a favorable opinion of counsel reasonably acceptable to them that such transfer or assignment is not in violation of the Securities Act of 1933, as amended, or any rule or regulation promulgated thereunder, any applicable state law, including without limitation, state securities laws, or any rule or regulation promulgated thereunder, or any Canadian laws, including without limitation Canadian securities law, or any rule or regulation promulgated thereunder; (ii) each Borrower agrees to indemnify and release the Agent, the Collateral Agent, and the Banks, (to the extent not reimbursed by the Borrowers and without limiting the obligation of the Borrowers to do so), from and against any and all liabilities, claims, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements or any kind whatsoever except to the extent of the Bank's obligations, if any, under the Transfer Documents which may at any time (including, without limitation, at any time following the payment ...
Sample 1
Transfer by Banks. (a) Subject to paragraph (b) below, a Bank (the "Existing Bank") may at any time transfer any of its rights and obligations under the Finance Documents to another bank or financial institution (the "New Bank"). An Existing Bank shall transfer its rights and obligations to a New Bank where the credit rating of the Existing Bank has fallen below A- as rated by Standard & Poor's or A3 by Xxxxx'x Investor Services Inc. unless the Existing Bank is able to provide cash collateral for all its obligations under the Letters of Credit to the satisfaction of the Project Company. The prior consent of the Borrower and of the Guarantor is required for any such transfer (unless such transfer is to an Affiliate or to a New Bank which was already a Bank), but will not be unreasonably withheld or delayed.
Sample 1
AutoNDA by SimpleDocs
Transfer by Banks. Any Bank may transfer all or any of the rights and interests which it has under or by virtue of the Finance Documents:
Sample 1

Related to Transfer by Banks

  • Transfer by Borrower The Borrower may not, without the consent of the Agent, given on the instructions of all the Lenders transfer any of its rights, liabilities or obligations under any Finance Document.

  • Transfers by Banks If a Bank wishes to transfer all or any of its rights, benefits and/or obligations hereunder as contemplated in Clause 26.2 (ASSIGNMENTS AND TRANSFERS BY BANKS), then such transfer may be effected by the delivery to the Agent and the Borrower of a duly completed and duly executed Transfer Certificate in which event, on the later of the Transfer Date specified in such Transfer Certificate and the fifth business day after (or such earlier business day endorsed by the Agent on such Transfer Certificate) the date of delivery of such Transfer Certificate to the Agent:

  • Transfer by a Lender Subject to Clause 26.4, a Lender (the “Transferor Lender”) may at any time cause:

  • Assignments and Transfers by Investors The provisions of this Agreement shall be binding upon and inure to the benefit of the Investors and their respective successors and assigns. An Investor may transfer or assign, in whole or from time to time in part, to one or more persons its rights hereunder in connection with the transfer of Registrable Securities by such Investor to such person, provided that such Investor complies with all laws applicable thereto and provides written notice of assignment to the Company promptly after such assignment is effected.

  • Assignments and transfer by Obligors No Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents.

  • Assignments and transfers by the Lenders Subject to this Clause 23, a Lender (the “Existing Lender”) may:

  • Assignments and transfers by Lenders (a) A Lender (the Existing Lender) may, subject to the following provisions of this Subclause, at any time assign or transfer (including by way of novation) any of its rights and obligations under this Agreement to any other person (the New Lender).

  • Waiver by Borrower Upon the occurrence of an Event of Default, to the extent permitted by law, Borrower covenants that it will not at any time insist upon or plead, or in any manner whatsoever claim or take any benefit or advantage of, any stay or extension law now or at any time hereafter in force, nor claim, take nor insist upon any benefit or advantage of or from any law now or hereafter in force providing for the valuation or appraisement of the Collateral or any part thereof prior to any sale or sales thereof to be made pursuant to any provision herein contained, or to the decree, judgment or order of any court of competent jurisdiction; nor, after such sale or sales, claim or exercise any right under any statute now or hereafter made or enacted by any state or otherwise to redeem the property so sold or any part thereof, and, to the full extent legally permitted, except as to rights expressly provided herein, hereby expressly waives for itself and on behalf of each and every Person, except decree or judgment creditors of Borrower, acquiring any interest in or title to the Collateral or any part thereof subsequent to the date of this Agreement, all benefit and advantage of any such law or laws, and covenants that it will not invoke or utilize any such law or laws or otherwise hinder, delay or impede the execution of any power herein granted and delegated to Lender, but will suffer and permit the execution of every such power as though no such power, law or laws had been made or enacted.

  • Transfer of Rights and Obligations 12.1 Lender has the right to transfer all or part of the right in this contract to a third party, the transferring actions do not need to acquire the consent of the borrower. If without the consent of the lender in writing, the borrower cannot transfer any right and obligations in this contract to a third party.

Time is Money Join Law Insider Premium to draft better contracts faster.