Common use of Restrictions on Assignments Clause in Contracts

Restrictions on Assignments. The Borrower shall not assign its rights hereunder or any interest herein without the prior written consent of the Lender. Upon notice to the Borrower, the Lender may assign any or all of its rights and obligations under this Agreement, under any Loan pursuant to this Agreement or under the other Facility Documents, to any other entity, unless such assignment is prohibited by any Agency; provided, however, the Lender may not assign any or all of its rights and obligations under this Agreement to any Person identified on Schedule 9.01 hereto.

Appears in 5 contracts

Samples: Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.)

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Restrictions on Assignments. The No Borrower shall not may assign its rights hereunder or any interest herein without the prior written consent of the Lender. Upon notice The Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to the Borrower, the Lender may assign any one or more banks or other entities all (but not less than all) of its rights and obligations under this Agreement, under any Loan pursuant to this Agreement hereunder or under the other Facility Documents, to any other entity, unless such assignment is prohibited by any Agency; provided, howeverthat such assignment shall require the prior consent of the Borrowers, the Lender may which consent shall not assign any or all of its rights and obligations under this Agreement to any Person identified on Schedule 9.01 heretobe unreasonably withheld.

Appears in 1 contract

Samples: Loan and Security Agreement (Residential Capital, LLC)

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