Assignment by Bondholders Sample Clauses
The "Assignment by Bondholders" clause governs whether and how bondholders may transfer their rights or interests under the bond agreement to another party. Typically, this clause outlines any restrictions or conditions on such assignments, such as requiring the issuer's consent or limiting assignments to certain types of entities. For example, it may prohibit assignments altogether or allow them only under specific circumstances. The core function of this clause is to control the transferability of bondholder rights, thereby protecting the issuer from unwanted or unknown parties acquiring interests in the bond and ensuring stability in the bondholder base.
Assignment by Bondholders. Each of the Bondholders may assign all or any of its rights under this Deed (whether direct or indirect) to any person to whom it shall have assigned or transferred its Bonds in accordance with the terms of that Bond Instrument.