{"component": "clause", "props": {"groups": [{"size": 132, "snippet": "Unless the Agent otherwise agrees and excluding an assignment or transfer to an Affiliate of a Lender, the New Lender shall, on the date upon which an assignment or transfer takes place pay to the Agent (for its own account) a fee of USD 3,000.", "snippet_links": [{"key": "the-agent", "type": "clause", "offset": [7, 16]}, {"key": "affiliate-of", "type": "definition", "offset": [80, 92]}, {"key": "a-lender", "type": "definition", "offset": [93, 101]}, {"key": "new-lender", "type": "clause", "offset": [107, 117]}, {"key": "pay-to", "type": "definition", "offset": [186, 192]}, {"key": "for-its-own-account", "type": "clause", "offset": [204, 223]}], "samples": [{"hash": "4uVIcYV0ADs", "uri": "/contracts/4uVIcYV0ADs#assignment-or-transfer-fee", "label": "Senior Secured Credit Facility Agreement", "score": 29.3408622742, "published": true}, {"hash": "iQRiQzpGYqg", "uri": "/contracts/iQRiQzpGYqg#assignment-or-transfer-fee", "label": "Senior Secured Credit Facility Agreement", "score": 26.5961666107, "published": true}, {"hash": "9RR6RDpdTdm", "uri": "/contracts/9RR6RDpdTdm#assignment-or-transfer-fee", "label": "Senior Secured Credit Facility Agreement", "score": 26.4606437683, "published": true}], "hash": "ae1f8b17b0e817869d22740bb56a0dad", "id": 2}, {"size": 26, "snippet": "The New Lender shall, on the date upon which an assignment or transfer takes effect, pay to the Agent (for its own account) a fee of [**]. 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\u20ac2,500.", "snippet_links": [{"key": "participating-bank", "type": "clause", "offset": [8, 26]}, {"key": "assignment-or-transfer", "type": "clause", "offset": [60, 82]}, {"key": "pay-to", "type": "definition", "offset": [97, 103]}, {"key": "the-administrative-agent", "type": "clause", "offset": [104, 128]}, {"key": "for-its-own-account", "type": "clause", "offset": [130, 149]}], "samples": [{"hash": "g3T6Fb07vgv", "uri": "/contracts/g3T6Fb07vgv#assignment-or-transfer-fee", "label": "Letter of Credit Facility Agreement (Flowserve Corp)", "score": 21.8254623413, "published": true}, {"hash": "hkunHkU8ybr", "uri": "/contracts/hkunHkU8ybr#assignment-or-transfer-fee", "label": "Letter of Credit Facility Agreement (Flowserve Corp)", "score": 19.0, "published": true}], "hash": "ec14eb717017fa80c1b0799c460e4601", "id": 10}], "next_curs": "CmMSXWoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiNhc3NpZ25tZW50LW9yLXRyYW5zZmVyLWZlZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Assignment or transfer fee", "size": 846, "children": [["relationship", "Relationship"], ["role-of-the-arranger", "Role of the Arranger"], ["duties-of-the-agent", "Duties of the Agent"], ["procedure-for-transfer", "Procedure for Transfer"], ["copy-of-transfer-certificate-or-assignment-agreement-to-borrower", "Copy of Transfer Certificate or Assignment Agreement to Borrower"]], "parents": [["changes-to-the-lenders", "Changes to the Lenders"], ["repetition", "Repetition"], ["acceleration", "Acceleration"], ["changes-to-parties", "Changes to Parties"], ["resignation-by-the-hermes-agent", "Resignation by the Hermes Agent"]], "id": "assignment-or-transfer-fee", "related": [["assignment-or-transfer", "Assignment or Transfer", "Assignment or Transfer"], ["subletting-assignment-or-transfer", "SUBLETTING, ASSIGNMENT OR TRANSFER", "SUBLETTING, ASSIGNMENT OR TRANSFER"], ["no-assignment-or-transfer", "No Assignment or Transfer", "No Assignment or Transfer"], ["conditions-of-assignment-or-transfer", "Conditions of assignment or transfer", "Conditions of assignment or transfer"], ["no-sale-or-transfer", "No Sale or Transfer", "No Sale or Transfer"]], "related_snippets": [], "updated": "2026-07-02T06:35:14+00:00", "also_ask": ["What negotiation leverage does an assignment or transfer fee provide to each party?", "Which essential terms must be included to ensure the fee is enforceable and unambiguous?", "What are the most common legal pitfalls or invalidating flaws in assignment fee clauses?", "How do assignment fee provisions differ across key jurisdictions or contract types?", "What factors do courts consider when determining the reasonableness and enforceability of assignment fees?"], "drafting_tip": "Specify the fee amount or calculation method to ensure clarity; define conditions triggering the fee to prevent disputes; require written consent for assignments to maintain control over contractual parties.", "explanation": "An assignment or transfer fee clause establishes the requirement for a party to pay a specified fee if they wish to transfer their rights or obligations under a contract to another party. Typically, this clause applies when a tenant wants to assign a lease to a new tenant or when a party to a contract seeks to transfer their interest to a third party, and the fee compensates the original counterparty for administrative costs or potential risks associated with the new party. The core function of this clause is to regulate and potentially discourage assignments or transfers by imposing a financial barrier, thereby protecting the interests of the non-transferring party and ensuring they have some control over changes in contractual relationships."}, "json": true, "cursor": ""}}