Common use of Changes to the Lenders Clause in Contracts

Changes to the Lenders. 25.1 Assignments and transfers by the Lenders Subject to this Clause 25 (Changes to the Lenders), a Lender (the "Existing Lender") may assign and transfer any of its rights and/or obligations hereunder 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 no assignment or transfer can be made to an Obligor or any of their Affiliates. The Lenders shall notify the Borrower of any proposed assignment or transfer, unless an Event of Default has occurred. The consent of the Obligors is required for an assignment or transfer by an Existing Lender, unless the assignment or transfer is:

Changes to the Lenders. 25.1 Assignments and transfers by the Lenders Subject to this Clause 25 (Changes to the Lenders), a Lender (the "Existing Lender") may assign and transfer any of its rights and/or obligations hereunder 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 no assignment or transfer can be made to an Obligor or any of their Affiliates. The Lenders shall notify the Borrower Borrowers of any proposed assignment or transfer, unless an Event of Default has occurred. The consent of the Obligors Borrowers is required for an assignment or transfer by an Existing Lender, unless the assignment or transfer is:

Changes to the Lenders. 25.1 Assignments and transfers by the Lenders Subject to this Clause 25 (Changes to the Lenders), a Lender (the "“Existing Lender"”) may assign and transfer any of its rights and/or obligations hereunder 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 no assignment or transfer can be made to an Obligor or any of their Affiliates. The Lenders shall notify the Borrower of any proposed assignment or transfer, unless an Event of Default has occurred. The consent of the Obligors is required for an assignment or transfer by an Existing Lender, unless the assignment or transfer is: