Common use of Variation and Assignment Clause in Contracts

Variation and Assignment. 13.1. As further detailed in the Terms and Conditions, we may, at any time, amend the terms of this Agreement and any other Loan Agreement by giving you written notice. Such amendment will take effect on the date specified in the written notice. For the avoidance of doubt, these changes may impact the Loan Management Fees and charges or the level of service provided by us. Any amendment that adversely affects you will not apply to sums already borrowed by you. 13.2. We may amend the terms of this Agreement or any other Loan Agreement as agent for each Lender if we believe it necessary in order to respond proportionally to changes in law and regulations. 13.3. We may also amend the terms of this Agreement or any other Loan Agreement to reflect changes to our systems, administrative processes and procedures, market practice or client requirements and to reflect other legitimate cost increases (or reductions) associated with providing the Loan Management Services. 13.4. You will be given at least 30 days’ notice in respect of any changes to this Agreement or any other Loan Agreement that are not in your favour or required or desirable in order to comply with legal or regulatory requirements, unless the specific circumstances require a shorter or longer period. 13.5. As further detailed in the Terms and Conditions, any Lender may transfer, by way of novation, its rights under its Loan to you to a third party without providing notice to you. We will effect such transfer on behalf of the relevant Lender in our capacity as their agent for this purpose. 13.6. You may assign your rights to redeem the Pledged Asset under the Agreement or any other Loan Agreement to a third party. To do so, you must notify us by email to xxxxxxx@xxxxxxxx.xxx of your intention to do so and the full name, gender, current address, date of birth and contact details of the third party you wish to assign the redemption rights to. We reserve the right to refuse to accept repayments from and release the Pledged Asset to any person or entity unless, acting in our discretion, we are able to do so in compliance with our anti-money laundering obligations.

Variation and Assignment. 13.1. As further detailed in the Terms and Conditions, we may, at any time, amend the terms 16.1 The provisions of this Agreement may be varied in such manner and to such extent as we may consider expedient, provided that such variations do not, in our opinion, materially prejudice your interests or release us from any other Loan responsibility to you or impose upon you any obligation to make any payment. 16.2 You shall not be entitled to assign or transfer any of your rights or obligations under this Agreement without the prior written consent of Manulife. We shall be entitled to withdraw any service or facility granted as determined by giving you us with our prior written notice. Such amendment will take effect on the date specified in the written notice. For the avoidance of doubt, these changes may impact the Loan Management Fees and charges or the level of service provided by us. Any amendment that adversely affects you will not apply notice to sums already borrowed by you. 13.216.3 Manulife may assign or transfer all or part of its rights and obligations under this Agreement to any person which is an Associate of Manulife without your prior consent provided that prior written notice of any such assignment or transfer has been given to you. 16.4 This Agreement shall be continuous and shall cover, individually and collectively, all Accounts at any time opened or reopened with Manulife irrespective of any change or changes at any time in the personnel of Manulife or its successors, assigns or affiliates. We may amend This Agreement including all authorizations, shall inure to the terms benefit of Manulife and its successors and assigns, whether by merger, consolidation or otherwise, and shall be binding upon you and/or your estate, executors, trustees, administrators, legal representatives, successors and assigns. You hereby ratify all Dealing Transactions with you affected prior to the date of this Agreement or any other Loan Agreement as agent for each Lender if we believe it necessary Agreement,and agree that your rights and obligations in order to respond proportionally to changes in law and regulationsrespect thereto shall be governed by the Terms of this Agreement. 13.3. We may also amend the terms of this Agreement or any other Loan Agreement to reflect changes to our systems, administrative processes and procedures, market practice or client requirements and to reflect other legitimate cost increases (or reductions) associated with providing the Loan Management Services. 13.4. You will be given at least 30 days’ notice in respect of any changes 16.5 Each party to this Agreement or shall promptly notify the other in writing of any change to any information provided to the other Loan in connection with this Agreement that are not in your favour or required or desirable in order to comply with legal or regulatory requirements, unless the specific circumstances require a shorter or longer periodand shall provide no less than one month’s prior notice of any such change which may be material. 13.5. As further detailed in 16.6 This Agreement is made for the Terms benefits of the parties,and Conditions, is not intended to benefit any Lender may transfer, by way of novation, its rights under its Loan to you to a third party without providing notice to you. We will effect such transfer on behalf of the relevant Lender in our capacity as their agent for this purpose. 13.6. You may assign your rights to redeem the Pledged Asset under the Agreement or be enforceable by any other Loan Agreement to a third party. To do so, you must notify us by email to xxxxxxx@xxxxxxxx.xxx of your intention to do so and the full name, gender, current address, date of birth and contact details The rights of the parties to terminate, rescind or agree any amendment, waiver, variation or settlement under or relating to this Agreement are not subject to the consent of any third party you wish to assign the redemption rights to. We reserve the right to refuse to accept repayments from and release the Pledged Asset to any person or entity unless, acting in our discretion, we are able to do so in compliance with our anti-money laundering obligationsparty.

Variation and Assignment. 13.112.1. As further detailed in the Terms and Conditions, we may, at any time, amend the terms of this Agreement and any other Loan Agreement by giving you written notice. Such amendment will take effect on the date specified in the written notice. For the avoidance of doubt, these changes may impact the Loan Management Fees and charges or the level of service provided by us. Any amendment that adversely affects you will not apply to sums already borrowed by you. 13.212.2. We may amend the terms of this Agreement or any other Loan Agreement as agent for each Lender if we believe it necessary in order to respond proportionally to changes in law and regulations. 13.312.3. We may also amend the terms of this Agreement or any other Loan Agreement to reflect changes to our systems, administrative processes and procedures, market practice or client requirements and to reflect other legitimate cost increases (or reductions) associated with providing the Loan Management Services. 13.412.4. You will be given at least 30 days’ notice in respect of any changes to this Agreement or any other Loan Agreement that are not in your favour or required or desirable in order to comply with legal or regulatory requirements, unless the specific circumstances require a shorter or longer period. 13.512.5. As further detailed in the Terms and Conditions, any Lender may transfer, by way of novation, its rights under its Loan to you to a third party without providing notice to you. We will effect such transfer on behalf of the relevant Lender in our capacity as their agent for this purpose. 13.612.6. You may assign your rights to redeem the Pledged Asset under the Agreement or any other Loan Agreement to a third party. To do so, you must notify us by email to xxxxxxx@xxxxxxxx.xxx of your intention to do so and the full name, gender, current address, date of birth and contact details of the third party you wish to assign the redemption rights to. We reserve the right to refuse to accept repayments from and release the Pledged Asset to any person or entity unless, acting in our discretion, we are able to do so in compliance with our anti-money laundering obligations.