Common use of Conditions of Assignment Clause in Contracts

Conditions of Assignment. 32.2.1 The consent of the Borrower is required for an assignment by a Lender, unless the assignment is to another Lender or an Affiliate of a Lender or an Event of Default is continuing. The Agent will immediately advise the Borrower of the assignment.

Appears in 3 contracts

Samples: Facility Agreement (Navigator Holdings Ltd.), Navigator Holdings Ltd., Navigator Holdings Ltd.

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Conditions of Assignment. 32.2.1 21.2 The consent of the Borrower Borrowers is required for an assignment or novation by a Lender, unless the assignment is to another Lender or an Affiliate of a Lender or an Event of Default or Default is continuing. The Agent will immediately advise the Borrower Borrowers of the assignmentassignment or novation.

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement (Teekay LNG Partners L.P.)

Conditions of Assignment. 32.2.1 30.2 The consent of the Borrower is required for an assignment by a Lender, unless the assignment is to another Lender or an Affiliate of a Lender or to any government entity under whose supervision any of the Lenders is subject or an Event of Default is continuing. The Agent will immediately advise the Borrower of the assignment.

Appears in 2 contracts

Samples: www.lw.com, Teekay LNG Partners L.P.

Conditions of Assignment. 32.2.1 The consent of the Borrower Borrowers is required for an assignment by a Lender, unless the assignment is to another Lender or an Affiliate of a Lender or an Event of Default is continuing. The Agent will immediately advise the Borrower Borrowers of the assignment.

Appears in 1 contract

Samples: Facility Agreement (Quintana Shipping Ltd.)

Conditions of Assignment. 32.2.1 33.2.1 The consent of the Borrower Borrowers is required for an assignment by a Lender, unless the assignment is to another Lender or an Affiliate of a Lender or an Event of Default is continuing. The Agent will immediately advise the Borrower Borrowers of the assignment.

Appears in 1 contract

Samples: Navigator Holdings Ltd.

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Conditions of Assignment. 32.2.1 31.2 The consent of the Borrower Borrowers is required for an assignment by a Lender, unless the assignment is to another Lender or an Affiliate of a Lender or an Event of Default is continuing. The Agent will immediately advise the Borrower Borrowers of the assignment.

Appears in 1 contract

Samples: Agreement (Globus Maritime LTD)

Conditions of Assignment. 32.2.1 33.2.1 The consent of the Borrower Borrowers is required for an assignment by a Lender, unless the assignment is to another Lender or an Affiliate of a Lender or is to a fund set up for the sole purpose of acting as an owning vehicle for a securitisation by the relevant Existing Lender (and where the Existing Lender will continue to assume responsibility for the management of the Commitment which is the subject of such assignment) or an Event of Default is continuing. The Agent will immediately advise the Borrower Borrowers of the assignment.

Appears in 1 contract

Samples: Facility Agreement (Navigator Holdings Ltd.)

Conditions of Assignment. 32.2.1 (a) The consent of the Borrower is required for an assignment by a Lender, unless (i) the assignment is to another Lender or an Affiliate of a Lender or, (ii) if the Lender is a fund, to a fund which is a related fund, or (iii) an Event of Default is continuing. The Agent will immediately advise the Borrower of the assignment.

Appears in 1 contract

Samples: Agreement (Navigator Holdings Ltd.)

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