Assignment Transfer and Lending Office Clause Samples
The "Assignment, Transfer and Lending Office" clause governs the conditions under which a party to an agreement, typically a lender, may assign or transfer its rights and obligations, or change its lending office. In practice, this clause outlines the procedures and any required consents for transferring interests in the agreement to another entity, and may specify how a lender can designate a different branch or office for making or receiving payments. Its core function is to provide clarity and structure to the process of changing parties or operational locations, thereby reducing uncertainty and ensuring all parties are aware of their rights and obligations in such events.
Assignment Transfer and Lending Office. 15.1 Benefit and burden
Assignment Transfer and Lending Office. 15.1 Benefit and burden This Agreement shall be binding upon, and enure for the benefit of, the Creditors and the Borrowers and their respective successors in title.
Assignment Transfer and Lending Office. 15.1 Benefit and burden This Agreement shall be binding upon, and ensure for the benefit of, the Bank and the Borrowers and their respective successors.
Assignment Transfer and Lending Office of the Principal Agreement shall apply to this Supplemental Agreement as if the same were set out herein in full.
Assignment Transfer and Lending Office. 20.1 Benefit and burden This Agreement shall be binding upon, and enure for the benefit of, each of the Banks, the Agent, the Co-Arrangers, the Security Agent, the Borrower, Stena AB and their respective successors.
Assignment Transfer and Lending Office