Common use of Assignability; No Third Party Beneficiaries Clause in Contracts

Assignability; No Third Party Beneficiaries. Lender may assign, transfer, negotiate, sell or participate all or part of its interests, obligations or rights in a Loan Facility and the applicable Loan Documents to an affiliate or subsidiary of Lender or to any other financial institution provided that Lender continues to act as the administrative and collateral agent for such Loan Facility and Lender retains all obligations with respect to Ex-Im Bank under the Guarantee, this Agreement, the Loan Authorization Agreement and, to the extent applicable, the Delegated Authority Letter Agreement or Fast Track Lender Agreement. Except as set forth in the preceding sentence, Lender shall not assign, transfer, negotiate, sell or participate any of its interests, obligations or rights in any Loan Facility, the applicable Loan Documents or this Agreement without prior written consent of Ex-Im Bank. No assignment, transfer, negotiation, sale or participation of Lender’s interests, obligations or rights in any Loan Facility, the applicable Loan Documents, this Agreement or other loan or financial accommodation shall be incorporated into Loan Documents or bestow on any such assignees, transferees, buyers or participants any rights as Lender or otherwise under the terms of this Agreement, or create any obligations by Ex-Im Bank to any such assignee, transferee, buyer or participant either before or after Claim Payment except with Ex-Im Bank’s prior written consent. Only Ex-Im Bank and Lender have rights and obligations under this Agreement; no third party shall have any rights hereunder as a third party beneficiary or otherwise.

Appears in 2 contracts

Samples: Master Guarantee Agreement, Master Guarantee Agreement

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Assignability; No Third Party Beneficiaries. Lender may assign, transfer, negotiate, sell or participate all or part of its interests, obligations or rights in a Loan Facility and the applicable Loan Documents to an affiliate or subsidiary of Lender or to any other financial institution provided that Lender continues to act as the administrative and collateral agent for such Loan Facility and Lender retains all obligations with respect to Ex-Im Bank under the Guarantee, this Agreement, the Loan Authorization Agreement and, to the extent applicable, the Delegated Authority Letter Agreement or Fast Track Lender Agreement. Except as set forth in the preceding sentence, Lender shall not assign, transfer, negotiate, sell or participate any of its interests, obligations or rights in any Loan Facility, the applicable Loan Documents or this Agreement without prior written consent of Ex-Im Bank. No assignment, transfer, negotiation, sale or participation of LenderXxxxxx’s interests, obligations or rights in any Loan Facility, the applicable Loan Documents, this Agreement or other loan or financial accommodation shall be incorporated into Loan Documents or bestow on any such assignees, transferees, buyers or participants any rights as Lender or otherwise under the terms of this Agreement, or create any obligations by Ex-Im Bank to any such assignee, transferee, buyer or participant either before or after Claim Payment except with Ex-Im Bank’s prior written consent. Only Ex-Im Bank and Lender have rights and obligations under this Agreement; no third party shall have any rights hereunder as a third party beneficiary or otherwise.

Appears in 1 contract

Samples: Master Guarantee Agreement

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Assignability; No Third Party Beneficiaries. Lender may assign, transfer, negotiate, sell or participate all or part of its interests, obligations or rights in a Loan Facility and the applicable Loan Documents to an affiliate or subsidiary of Lender or to any other financial institution provided that Lender continues to act as the administrative and collateral agent for such Loan Facility and Lender retains all obligations with respect to Ex-Im EXIM Bank under the Guarantee, this Agreement, the Loan Authorization Agreement and, to the extent applicable, the Delegated Authority Letter Agreement or Fast Track Lender Agreement. Except as set forth in the preceding sentence, Lender shall not assign, transfer, negotiate, sell or participate any of its interests, obligations or rights in any Loan Facility, the applicable Loan Documents or this Agreement without prior written consent of Ex-Im EXIM Bank. No assignment, transfer, negotiation, sale or participation of Lender’s interests, obligations or rights in any Loan Facility, the applicable Loan Documents, this Agreement or other loan or financial accommodation shall be incorporated into Loan Documents or bestow on any such assignees, transferees, buyers or participants any rights as Lender or otherwise under the terms of this Agreement, or create any obligations by Ex-Im EXIM Bank to any such assignee, transferee, buyer or participant either before or after Claim Payment except with Ex-Im EXIM Bank’s prior written consent. Only Ex-Im EXIM Bank and Lender have rights and obligations under this Agreement; no third party shall have any rights hereunder as a third party beneficiary or otherwise.

Appears in 1 contract

Samples: Master Guarantee Agreement

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