Common use of Transfers by Banks Clause in Contracts

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to Clause 28.4 (Reference Banks), at any time without the consent of the Company, assign, transfer or novate all or any part of its Commitment and/or any of its rights and/or obligations under this Agreement to another person (the "New Bank"). Any partial assignment, transfer or novation must be in a minimum amount of US$10,000,000 or the whole of that Bank's Commitment if less.

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to Clause 28.4 (Reference Banks), may at any time without the consent of the Company, assign, transfer or novate all or any part of its Commitment and/or any of its rights and/or obligations under this Agreement (in a minimum amount equal to £10,000,000 or, if less with respect to a particular Bank, the balance of that Bank’s Commitment at the time of transfer) to another person bank or financial institution, trust, fund or other entity which is a Qualifying Bank (the "New Bank"). Any partial The prior consent of the Company is required for any such assignment, transfer or novation must be in a minimum amount of US$10,000,000 or the whole of that Bank's Commitment if less.novation, unless:

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to Clause 28.4 (Reference Banks), may at any time without the consent of the Company, assign, transfer or novate all or any part of its Commitment and/or any of its rights and/or obligations under this Agreement (in a minimum amount equal to (Pounds)10,000,000 or, if less with respect to a particular Bank, the balance of that Bank's Commitment at the time of transfer) to another person bank or financial institution which is a Qualifying Bank (the "New Bank"). Any partial The prior consent of the Company is required for any such assignment, transfer or novation must be in a minimum amount of US$10,000,000 or the whole of that Bank's Commitment if less.novation, unless:

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to Clause 28.4 (Reference Banks), may at any time without the consent of the Company, assign, transfer or novate all or any part of its Commitment and/or any of its rights and/or obligations under this Agreement (in a minimum amount equal to (pound)10,000,000 or, if less with respect to a particular Bank, the balance of that Bank's Commitment at the time of transfer) to another person bank or financial institution which is a Qualifying Bank (the "New Bank"). Any partial The prior consent of the Company is required for any such assignment, transfer or novation must be in a minimum amount of US$10,000,000 or the whole of that Bank's Commitment if less.novation, unless:

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to Clause 28.4 (Reference Banks), may at any time without the consent of the Company, assign, transfer or novate all or any part of its Commitment and/or any of its rights and/or obligations under this Agreement (in a minimum amount equal to US$10,000,000 or, if less with respect to a particular Bank, the balance of that Bank’s Commitment at the time of transfer) to another person bank or financial institution, trust, fund or other entity which is a Qualifying Bank (the "New Bank"). Any partial The prior consent of the Company is required for any such assignment, transfer or novation must be in a minimum amount of US$10,000,000 or the whole of that Bank's Commitment if less.novation, unless:

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to Clause 28.4 (Reference Banks), may at any time without the consent of the Company, assign, transfer or novate all or any part of its Commitment and/or any of its rights and/or obligations under this Agreement to another person bank or financial institution (the "New Bank"). Any partial The prior consent of the Company is required for any such assignment, transfer or novation novation, unless the New Bank is another Bank or an Affiliate of a Bank. However, the prior consent of the Company must not be in a minimum amount of US$10,000,000 unreasonably withheld or the whole of that Bank's Commitment if lessdelayed.