Assignments and transfers by Lenders. (a) Subject to Clause 27.5 but without further cost to the Owner, a Lender (the Existing Lender) may at any time assign or transfer (including by way of novation) any of its rights and obligations under this Agreement to any other bank or other financial institution or other entity which is regularly engaged in or established for the purpose of making, issuing, purchasing or investing in loans, securities and other financial assets (the New Lender).
Appears in 8 contracts
Samples: Agreement (Ocean Rig UDW Inc.), Agreement (DryShips Inc.), Agreement (Ocean Rig UDW Inc.)
Assignments and transfers by Lenders. (a) Subject to Clause 27.5 but without further cost to the Owner, a 29.2.1 A Lender (the Existing Lender) may may, subject to the following provisions of this Clause 29, at any time assign or transfer (including by way of novation) any of its rights and obligations under this Agreement to any other bank or other bank, financial institution or trust, fund or other entity which is regularly engaged in or established for the purpose of making, issuing, purchasing or investing in loans, securities and or other financial assets (the New Lender).
Appears in 3 contracts
Samples: Agreement (PPL Energy Supply LLC), Amendment and Restatement Agreement (PPL Energy Supply LLC), Amendment and Restatement Agreement (PPL Energy Supply LLC)
Assignments and transfers by Lenders. (a) Subject to Clause 27.5 but without further cost to the Owner, a A Lender (the Existing Lender) may may, subject to the following provisions of this Clause, at any time assign or transfer (including by way of novation) any of its rights and obligations under this Agreement to any other another bank or other financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, issuing, purchasing or investing in loans, securities and or other financial assets (the New Lender).which:
Appears in 2 contracts
Samples: Agreement (Smith & Nephew PLC), Agreement (Smith & Nephew PLC)
Assignments and transfers by Lenders. (a) Subject to Clause 27.5 but without further cost to the Owner, a A Lender (the Existing Lender) may may, subject to the following provisions of this Clause 27.1, at any time assign or transfer (including by way of novation) any of its rights and obligations under this Agreement to any other bank or other another bank, financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, issuing, purchasing or otherwise investing in loans, securities and or other financial assets (the New Lender).
Appears in 2 contracts
Samples: Facility Agreement (Global Ship Lease, Inc.), Facility Agreement (Global Ship Lease, Inc.)
