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.
Appears in 4 contracts
Samples: Credit Facility Agreement, Credit Facility Agreement (ALTERRA CAPITAL HOLDINGS LTD), Credit Facility Agreement (Max Capital Group Ltd.)
