Common use of Transfer of the Agreement Clause in Contracts

Transfer of the Agreement. 1. At any time and for any reason whatsoever, the Lender has the right unilaterally to transfer its rights under this Agreement to a third party, which thereby also accepts the responsibilities of the Lender. Any transfer of the Lender's rights under this Agreement does not require the Borrower's approval. 2. The Borrower cannot transfer their rights and obligations arising from this Agreement to a third party.

Appears in 5 contracts

Samples: Consumer Credit Agreement, Consumer Credit Agreement, Consumer Credit Agreement

AutoNDA by SimpleDocs

Transfer of the Agreement. 1. At any time and for any reason whatsoever, the Lender has the right unilaterally to transfer its rights under this Agreement agreement to a third party, which thereby also accepts the responsibilities of the Lender. Any transfer of the LenderXxxxxx's rights under this Agreement agreement does not require the BorrowerXxxxxxxx's approval. 2. The Borrower borrower cannot transfer their his rights and obligations arising from this Agreement agreement to a third party.

Appears in 3 contracts

Samples: Consumer Credit Agreement, Consumer Credit Agreement, Consumer Credit Agreement

AutoNDA by SimpleDocs

Transfer of the Agreement. 1. At any time and for any reason whatsoever, the Lender has the right unilaterally to transfer its rights under this Agreement agreement to a third party, which thereby also accepts the responsibilities of the Lender. Any transfer of the Lender's rights under this Agreement agreement does not require the Borrower's approval. 2. The Borrower borrower cannot transfer their his rights and obligations arising from this Agreement agreement to a third party.

Appears in 2 contracts

Samples: Consumer Credit Agreement, Consumer Credit Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!