Changes to the Lenders Clause Samples

Changes to the Lenders. Assignments and transfers by the Lenders

Changes to the Lenders. 24.1 Assignments and transfers by the Lenders Subject to this Clause 24 a Lender (the “Existing Lender”) may: (a) assign any of its rights; or (b) transfer by novation any of its rights and obligations, to another bank (the “New Lender”). 24.2 Conditions of assignment or transfer (a) The consent of ABB is required for an assignment or transfer by a Lender, unless the assignment or transfer is to another Lender or an Affiliate of a Lender or unless an Event of Default has occurred and is continuing. (b) The consent of ABB to an assignment or transfer must not to be unreasonably withheld or delayed. ABB will be deemed to have given its consent within 10 Business Days of receipt of a request for such consent unless expressly refused by ABB within that time. (c) Nothing in this Agreement shall prevent any Lender from assigning or pledging all or any part of its rights or interests under this Agreement to any central bank or any supranational bank as security for its borrowings from that central bank or supranational bank, provided that such assignment or pledge does not involve a release of such Lender from any of its obligations under this Agreement. (d) An assignment or transfer shall be in respect of a Commitment of at least $10,000,000 or, if less, the whole of the Commitment of the relevant assignor or transferor. (e) An assignment will only be effective on: (i) receipt by the Facility Agent of written confirmation from the New Lender (in form and substance satisfactory to the Facility Agent) that the New Lender will assume the same obligations to the other Finance Parties and the Obligors as it would have been under if it was an Original Lender and that the New Lender is a Qualifying Lender; and (ii) performance by the Facility Agent of all “know your customer” or other checks relating to any person that it is required to carry out in relation to such assignment to a New Lender, the completion of which the Facility Agent shall promptly notify to the Existing Lender and the New Lender. (f) A transfer will only be effective if the procedure set out in Clause 24.5 (Procedure for transfer) is complied with and, unless an Event of Default has occurred and is continuing, if the New Lender is a Qualifying Lender. (g) If: (i) a Lender assigns or transfers any of its rights or obligations under the Finance Documents or changes its Facility Office; and (ii) as a result of circumstances existing at the date the assignment, transfer or change occurs, an Obligor woul...

Changes to the Lenders. Assignments and transfers by the Lenders Subject to this Clause 24, a Lender (the "Existing Lender") may:

Changes to the Lenders. 21.1 Assignments and transfers by the Lenders Subject to this clause 21, a Lender (the "Existing Lender") may: (A) assign any of its rights; or (B) transfer by novation any of its rights and obligations, under the Finance Documents to another bank or financial institution or, with the prior written consent of the Borrower, to any other entity (the "New Lender") provided that such transfer or assignment is in a minimum amount of HK$10,000,000.

Changes to the Lenders. 100 27. CHANGES TO THE OBLIGORS .......................................................................... 104 28. ROLE OF THE AGENT, THE SECURITY AGENT AND, THE ARRANGERS ............................ 106 29. APPLICATION OF PROCEEDS ........................................................................... 118 30. CONDUCT OF BUSINESS BY THE FINANCE PARTIES ................................................. 119 31. SHARING AMONG THE FINANCE PARTIES ............................................................. 119 32.

Changes to the Lenders. 22.1 Assignments and transfers and changes in Facility Office by the Lenders (A) (i) assign any of its rights; or

Changes to the Lenders. 24.1 Assignments and transfers by the Lenders (a) assign any of its rights; or (b) transfer by novation any of its rights and obligations, under any Finance Document to another bank or financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the "New Lender").

Changes to the Lenders. 25.1 Assignments and transfers by the Lenders (i) to another Lender or an Affiliate of a Lender; (ii) to a reputable shipping bank which has a minimum rating of "BBB" at S&P or "Baa" at ▇▇▇▇▇'▇; or (iii) made at a time when an Event of Default is continuing.

Changes to the Lenders. 25.1 Assignments and transfers by the Lenders (a) assign any of its rights; or (b) transfer by novation any of its rights and obligations, under any Finance Document to another bank or financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the "New Lender"), provided that (i) any such assignment or transfer prior to the ▇▇▇▇▇ Acceptance Date and (ii) any assignment or transfer to a financial institution other than a bank or licensed insurance company after the ▇▇▇▇▇ Acceptance Date, shall require the prior written consent of the Borrower, such consent not to be unreasonably withheld or delayed.