Common use of Transfers by Banks Clause in Contracts

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to paragraph (b) below, at any time assign, transfer or novate any of its Commitment and/or any of its rights and/or obligations under this Agreement to another bank or financial institution (the "New Bank").

Appears in 2 contracts

Samples: Agreement (Yorkshire Power Group LTD), Supplemental Agreement (Yorkshire Power Group LTD)

AutoNDA by SimpleDocs

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to paragraph (bc) below, at any time assign, transfer or novate any of its Commitment and/or any of its rights and/or obligations under this Agreement to another bank or financial institution an Approved Bank (the "New Bank").

Appears in 2 contracts

Samples: Second Supplemental Agreement (Adecco Sa), Credit Agreement (Adecco Sa)

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to paragraph (b) below, at any time assign, transfer or novate any of its Commitment Commitments and/or any of its rights and/or obligations under this Agreement to another bank or financial institution which is a Qualifying Bank (the "New Bank").

Appears in 2 contracts

Samples: Credit Agreement (Spirent PLC), Agreement (Spirent PLC)

Transfers by Banks. (a) A Subject to paragraph (b) below, a Bank (the "Existing Bank") may, subject to paragraph (b) below, may at any time assign, transfer or novate any of its Commitment Commitments and/or any of its rights and/or obligations in whole or in part under this Agreement to another bank or financial institution a Qualifying Bank (the "New Bank").. A partial assignment, transfer or novation is only permitted in minimum amounts of 10,000,000 pounds and if the Bank concerned assigns, transfers or novates a pro rata portion of all its rights and obligations under Facilities A, B and C.

Appears in 2 contracts

Samples: Agreement (System Energy Resources Inc), Agreement (Entergy London Capital Lp)

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to paragraph (bc) below, at any time assign, transfer or novate any of its Commitment and/or any of its rights and/or obligations under this Agreement to another bank or financial institution an Approved Bank (the "New Bank").

Appears in 1 contract

Samples: Facility Agreement (Adecco Sa)

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to paragraph (b) below, at any time assign, transfer or novate any of its Commitment Commitments and/or any of its rights and/or obligations under this Agreement to another bank or financial institution (the "New Bank").

Appears in 1 contract

Samples: Agreement (Yorkshire Power Group LTD)

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to paragraph (b) below, at any time assign, transfer or novate any part of its Commitment and/or any of its rights and/or obligations under this Agreement the Finance Documents to another bank or financial institution (the "New Bank").either:

Appears in 1 contract

Samples: Credit Agreement (British Energy Group PLC)

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to paragraph (b) below, at any time assign, transfer or novate any of its Commitment and/or any of its rights and/or obligations under this Agreement to another bank or financial institution (etablissement de credit) (the "New Bank").

Appears in 1 contract

Samples: Agreement (Cousin Acquisition Inc)

Transfers by Banks. (aA) A Bank (the "Existing Bank") may, subject to paragraph (bB) below, at any time assign, transfer or novate any of its Commitment and/or any of its rights and/or obligations under this Agreement to another bank or financial institution of Investment Grade (the "New Bank").

Appears in 1 contract

Samples: Agreement (Tomkins PLC)

Transfers by Banks. (a) A Subject to paragraph (b) below, a Bank (the "Existing Bank") may, subject to paragraph (b) below, may at any time assign, transfer or novate any of its Commitment Commitments and/or any of its rights and/or obligations in whole or in part under this Agreement to another bank or financial institution a Qualifying Bank (the "New Bank").. A partial assignment, transfer or novation is only permitted in minimum amounts of BPS10,000,000 and if the Bank concerned assigns, transfers or novates a pro rata portion of all its rights and obligations under Facilities A and C.

Appears in 1 contract

Samples: Restatement Agreement (Entergy Power Uk PLC)

AutoNDA by SimpleDocs

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to paragraph (bc) below, at any time assign, transfer or novate any of its Commitment and/or any of its rights and/or obligations under this Agreement to another bank or financial institution an Approved Bank (the "New Bank").

Appears in 1 contract

Samples: Agreement (Adecco Sa)

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to paragraph (b) below, at any time assign, transfer or novate any of its Commitment and/or assign any of its rights and/or or transfer any of its rights and obligations under this Agreement to another bank or financial institution (“établissement de crédit”) (the "New Bank"”) in accordance with Clause 28.4 (Procedure for transfer).

Appears in 1 contract

Samples: Agreement (Schneider Electric Sa)

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to paragraph (b) below, at any time assign, transfer or novate any of its Commitment and/or any of its rights and/or obligations under this Agreement to another bank or financial institution (the "New Bank").

Appears in 1 contract

Samples: Agreement (Anglogold Ashanti LTD)

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to paragraph (b) below, may at any time assign, assign and transfer or novate any of its Commitment and/or any of its rights and/or obligations under this Agreement to any of its Subsidiaries or after prior consultation with the Borrower to another bank, financial institution or entity (such Affiliate or bank or financial institution (or entity being the "New Bank").

Appears in 1 contract

Samples: Eleventh Supplemental Agreement (KNOT Offshore Partners LP)

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to paragraph paragraphs (b), (c) and (d) below, at any time assign, transfer or novate any of its Commitment and/or any of its rights and/or obligations under this Agreement to another bank or financial institution (the "New Bank").

Appears in 1 contract

Samples: Agreement (Anglogold Ashanti LTD)

Transfers by Banks. (a) A Bank (the "Existing Bank") may, subject to paragraph (b) below, at any time assign, transfer or novate any of its Commitment Commitments and/or any of its rights and/or obligations under this Agreement to another bank or financial institution (the "New Bank").

Appears in 1 contract

Samples: Facilities Agreement (Autoliv Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.