Lender’s Assignment Sample Clauses
The Lender’s Assignment clause allows the lender to transfer its rights and obligations under the agreement to another party. Typically, this means the lender can sell or assign the loan to another financial institution or investor without needing the borrower’s consent, though sometimes notice may be required. This clause facilitates the lender’s ability to manage its portfolio and liquidity, ensuring flexibility in financial arrangements and enabling the efficient transfer of loan interests in the market.
Lender’s Assignment. Lender, may at any time, with notice to Customer, grant a security interest in, sell, assign or otherwise transfer (an “Assignment”) all or any part of its interest in this Agreement and the other Loan Documents or any amount due or to become due hereunder or thereunder, and Customer shall perform all of its obligations under the Loan Documents, to the extent so transferred, for the benefit of the beneficiary of such Assignment (such beneficiary, including any successors and assigns, an “Assignee”). Upon receipt of Lender’s notice of an Assignment, Customer may, within ten (10) Business Days after receipt of such notice, elect to refinance the Loans with another financial institution. If Customer so elects, such refinancing must be consummated within sixty (60) days after receipt of Lender’s notice of an Assignment. Customer hereby waives any right to assert, and agrees not to assert, against any Assignee any abatement, reduction, defense, setoff, recoupment, claim or counterclaim that Customer may have against Lender. Upon the express assumption by such Assignee of Lender’s obligations hereunder, Lender shall be relieved of any such assumed obligations. If so directed in writing, Customer shall pay all amounts due or to become due under the Loan Documents directly to the Assignee or any other party designated in writing by Lender. Customer acknowledges and agrees that Lender’s right to enter into an Assignment is essential to Lender and, accordingly, waives any restrictions under Applicable Law with respect to an Assignment and any related remedies. Upon the request of Lender or any Assignee, Customer also agrees (a) to promptly execute and deliver to Lender or to such Assignee an acknowledgment of assignment in form and substance satisfactory to the requesting party, an insurance certificate naming Assignee as additional insured and loss payee and otherwise evidencing the insurance coverages required hereby and such other documents and assurances reasonably requested by Lender or Assignee, and (b) to comply with the reasonable requirements of any such Assignee in order to perfect such Assignee’s security interest and lien on the Collateral.
Lender’s Assignment. The rights of Lender and its assigns hereunder shall not be impaired by Lender's sale, hypothecation or rehypothecation of any Note of the Borrowers or any item of the collateral or by any indulgence, including but not limited to (a) any renewal, extension, or modification which Lender may grant with respect to the indebtedness or any part thereof or (b) any surrender, compromise, release, renewal, extension, exchange or substitution which Lender may grant in respect to the collateral, or (c) any indulgence granted in respect of any endorser, guarantor, or surety. The purchaser assignee, transferee or pledgee of this Agreement, the Note, the Warrants, the Security Agreement, Subordination Agreements, Financing Statements, Collateral, and any other document (or any of them), sold, assigned, transferred, pledged or repledged, shall forthwith become vested with and entitled to exercise all the powers and rights given by this Agreement as if said purchaser, assignee, transferee, or pledgee were originally named as Lender in said documents.
Lender’s Assignment. This Agreement, the Loan and any documents evidencing or securing the Loan, may be placed, assigned and/or serviced by Lender and/or its successors or assigns, and in connection with any of the foregoing Lender and/or its successors or assigns, may receive servicing, brokerage and other fees. Any such placement, assignment or servicing shall be at Lender's sole option and Lender and/or its successors or assigns shall have no obligation to disclose to Borrower the receipt or contemplated receipt of any such fees, nor shall Borrower have any claim or right to same. Lender shall have the right to assign the Loan to an affiliate of Lender or to a responsible institutional Lender, and any such assignee shall have the same rights and privileges as Lender does.
Lender’s Assignment. Lender, may at any time, with or without notice to Borrower, freely grant a security interest in, sell, assign, participate or otherwise transfer (an “Assignment”) all or any part of its interest in this Agreement and the other Loan Documents (including all associated rights associated with or secured thereby and the related international interests) or any amount due or to become due hereunder or thereunder, and Borrower shall perform all of its obligations under the Loan Documents, to the extent so transferred, for the benefit of the beneficiary of such Assignment (such beneficiary, including any successors and assigns, an “Assignee”). Borrower hereby waives any right to assert, and agrees not to assert, against any Assignee any abatement, reduction, defense, setoff, recoupment, claim or counterclaim that Borrower may have against Lender (which rights or remedies against Lender shall continue and survive notwithstanding such assignment). Upon the assumption by such Assignee of Lender’s obligations hereunder, Lender shall be relieved of any such assumed obligations. Borrower hereby consents to any such Assignment, including, without limitation, for purposes of the Cape Town Convention. If so directed in writing, Borrower shall pay all amounts due or to become due under the Loan Documents, including any of the same constituting associated rights or proceeds directly to the Assignee or any other party designated in writing by Lender or such Assignee. Borrower acknowledges and agrees that Lender’s right to enter into an Assignment is essential to Lender and, accordingly, waives any restrictions under Applicable Law with respect to an Assignment and any related remedies. Upon the request of Lender or any Assignee, Borrower also agrees (a) to promptly execute and deliver, and cause to be executed and delivered by any Guarantor or any other Transaction Party, to Lender or to such Assignee an acknowledgment of assignment in form and substance reasonably satisfactory to the requesting party and to Borrower, an insurance certificate naming Assignee as additional insured and loss payee and otherwise evidencing the Required Coverages, an IDERA and Registration POA in favor of Assignee, and such other documents and assurances reasonably requested by Lender or Assignee, (b) to make, or cause to be made, all registrations (including all assignments and subordinations) and all amendments, extensions and discharges with the International Registry reasonably requested by L...
Lender’s Assignment. Lender may at any time assign this Agreement, the Note and the Security Documents, and upon such assignment, Lender shall have no further obligation or liability of any nature in connection herewith. Upon such assignment, the provisions of this Agreement shall continue to apply to the Loan and such assignee shall be substituted in the place and stead of Lender hereunder with all rights, obligations and remedies of Lender herein provided, including, without limitation, the right to so further assign this Agreement, the Note and the Security Documents.
Lender’s Assignment. Lender may assign the Loan Documents in whole or in part, in which case the term “Lender” shall include any subsequent assignee or participant, or in whole or in part. Upon such assignment, Borrower shall be deemed to have consented to such assignee and shall owe the same obligations to such assignee and shall accept performance hereunder by such assignee as if such assignee were the original Lender.
Lender’s Assignment. Lender, may at any time, with or without notice to Customer, freely grant a security interest in, sell, assign, participate or otherwise transfer (an “Assignment”) all or any part of its interest in this Agreement and the other Loan Documents (including all associated rights associated with or secured thereby and the related international interests) or any amount due or to become due hereunder or thereunder, and Customer shall perform all of its obligations under the
Lender’s Assignment. 16 12.03 Participation ............................................ 16
Lender’s Assignment. 16 12.03 Participation ............................................ 16