Common use of Assignment by Bank Clause in Contracts

Assignment by Bank. The Bank may not assign all or any part of its rights or transfer by novation any of its rights and obligations under this Agreement to any other person (an “Assignee”) without the prior written consent of the Borrower.

Appears in 2 contracts

Sources: Loan Facility Agreement (Bookham, Inc.), Loan Facility Agreement (Bookham, Inc.)