Transfers by the Lenders. Subject to this Clause 25, a Lender (the “Existing Lender”) may:
(i) assign any of its rights; or
(ii) transfer any of its rights and obligations, under the Finance Documents to another bank or financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the “New Lender”).
Transfers by the Lenders. Subject to this Clause 24 and to Clause 25 (Debt Purchase Transactions), a Lender (the “Existing Lender”) may transfer by novation any of its rights and obligations under the Finance Documents to any Eligible Lender (the “New Lender”).
Transfers by the Lenders. (a) Subject to this Clause 21, a Lender (the “Existing Lender”) may:
(i) transfer by novation any of its rights and obligations, under the Finance Documents to another bank or financial institution (the “New Lender”); and
(ii) sub-participate any of its rights and/or obligations under this Agreement.
(b) Subject to Clause 21.9 (Security over Lender’s rights), an Existing Lender shall not be permitted to assign any of its rights under the Finance Documents.
Transfers by the Lenders. (a) Subject to this Clause 24, a Lender (the “Existing Lender”) may transfer any of its rights and obligations to a Qualifying Bank Creditor and, after an Event of Default has occurred and is continuing, to any person (in each case the “New Lender”). A Lender shall not assign (zedieren) its rights.
(b) Nothing herein shall restrict a Lender to transfer its credit risk exposure under the Finance Documents to third parties domiciled in Switzerland or in other jurisdictions abroad by way of entering into derivative transactions, sub-participations or similar instruments with such third parties (each such transfer an “Exposure Transfer”), provided the relevant Exposure Transfer is of such kind that throughout the life of the respective contract or arrangement
(i) the relationship between the Lender and that other person is that of a debtor and creditor (including in the bankruptcy or similar event of the Lender or the Obligor);
(ii) the other person will have no proprietary interest in the benefit of this Agreement or in any monies received by the Lender under or in relation to this Agreement;
(iii) the other person will under no circumstances be subrogated to, or substituted in respect of, the Lender’s claims under this Agreement; and
(iv) the other person will not otherwise have any contractual relationship with, or rights against, the Obligor under or in relation to this Agreement. For Exposure Transfers not meeting the requirements set out in this paragraph (b), the consent of the Company pursuant to Clause 24.2 (Conditions of transfer) is required unless an Event of Default is continuing.
Transfers by the Lenders. Subject to this Clause 26 and to Clause 27 (Debt Purchase Transactions), a Lender (the Existing Lender) may only enter into a Transfer with another bank, financial institution, trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the New Lender).
Transfers by the Lenders. 25.1.1 Subject to this Clause 25 (Changes to the Lenders), a Lender (the Existing Lender) may:
25.1.1. 1 cede any of its rights; and/or
Transfers by the Lenders. A Lender (the "Transferor Lender") may, without the consent of any Obligor, transfer, by a sale and assignment (or assumption in the case of obligations), all (or if less than all, a portion equal to at least $5,000,000 of the Exposures of the Transferor Lender) of its rights, benefits and obligations under any Finance Document in respect of any of its Exposures under the Existing Facilities and the Guarantee Facility to another bank or financial institution or a trust, fund or other entity which (i) is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets or the securitization or similar transaction of that Transferor Lender's Contribution (an "Eligible Transferee") and (ii) is not an Affiliate of the Company (the "Transferee Lender") if, subject to Section 22.2 (Conditions of Transfer), the Transferee Lender has executed and delivered a Transfer Certificate to the Administrative Agent with a copy to the relevant Facility Representative (as well as any equivalent accession, assignment or transfer document howsoever described under the Relevant Facility to the relevant Facility Representative).
Transfers by the Lenders. Subject to Clause 23.2 (Conditions of transfer), a Lender (the “Existing Lender”) may transfer any of its rights and obligations under the Finance Documents to another bank or financial institution (the “New Lender”).
Transfers by the Lenders. (a) FleetCor consents to any transfer or a change in Facility Office made by a Lender under the Facility Agreement.
(b) Any reference in this Agreement to a Lender includes a New Lender but excludes a Lender if no amount is or may be owed to or by it under the Facility Agreement and its Commitment has been cancelled or reduced to nil.
