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, in whole or in part, and/or any rights and/or any obligations under this Agreement to another bank or financial institution (the "NEW BANK"). The prior consent of the Borrower is required for any such assignment, transfer or novation, unless:

Appears in 3 contracts

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

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Transfers by Banks. (a) A Bank (the "EXISTING BANK") may, subject to paragraph (b) below below, at any time assign, transfer or novate any of its Commitment, in whole or in part, Commitments and/or any of its rights and/or any obligations under this Agreement to another bank or financial institution which is a Qualifying Bank (the "NEW BANK"). The prior consent of the Borrower is required for any such assignment, transfer or novation, unless:.

Appears in 2 contracts

Samples: Agreement (Rexam Acquisition Subsidiary Inc), Credit Agreement (Spirent PLC)

Transfers by Banks. (a) A Bank (the "EXISTING BANK") may, subject to paragraph (b) below below, at any time assign, transfer or novate any of its Commitment, in whole or in part, Commitments and/or any of its rights and/or any obligations under this Agreement to another bank or financial institution (the "NEW BANK"). The prior consent of the Borrower is required for any such assignment, transfer or novation, unless:.

Appears in 1 contract

Samples: Credit Agreement (Ti Group PLC)

Transfers by Banks. (a) A Bank (the "EXISTING BANK") may, subject to paragraph (b) below below, at any time assign, transfer or novate any of its Commitment, in whole or in part, Commitment and/or any rights and/or any obligations under this Agreement to another bank or financial institution (the "NEW BANK"). The prior consent of the Borrower is required for any such assignment, transfer or novation, unless:.

Appears in 1 contract

Samples: Agreement (Adecco Sa)

Transfers by Banks. (a) A Bank (the "EXISTING BANK") may, subject to paragraph (b) below below, at any time assign, transfer or novate any of its Commitment, in whole or in part, Commitment and/or any of its rights and/or any obligations under this Agreement the Finance Documents to another bank or financial institution (the "NEW BANK"). The prior consent of the Borrower is required for any such assignment, transfer or novation, unless:.

Appears in 1 contract

Samples: Agreement (Toreador Resources Corp)

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Transfers by Banks. (a) A Bank (the "EXISTING BANK") may, subject to paragraph (b) below may at any time assign, transfer or novate any part of its Commitment, in whole or in part, Commitment and/or any of its rights and/or any obligations under this Agreement to another bank or financial institution (the "NEW BANK"). The prior consent of the Borrower is required (such consent not to be unreasonably withheld or delayed) for any such assignment, transfer or novation, unless:

Appears in 1 contract

Samples: Supplemental Agreement (Diamond Cable Communications PLC)

Transfers by Banks. (a) A Bank (the "EXISTING BANK") may, subject to paragraph (b) below below, at any time assign, transfer or novate any of its Commitment, in whole or in part, Commitment and/or any rights and/or any obligations under this Agreement in a minimum amount of Euro 2,500,000 (or, if less, in an amount equal to the balance of the Commitment of the Existing Bank) to another bank or financial institution (the "NEW BANK"). The prior consent of the Borrower is required for any such assignment, transfer or novation, unless:.

Appears in 1 contract

Samples: Agreement (Sonera Corp)

Transfers by Banks. (a) A Bank (the "EXISTING BANK") may, subject to paragraph (b) below below, at any time assign, transfer or novate any of its Commitment, in whole or in part, part any of its Commitment and/or any of its rights and/or any obligations under this Agreement to another bank or financial institution (the "NEW BANK"). The prior consent of the Borrower is required for any such assignment, transfer or novation, unless:.

Appears in 1 contract

Samples: Agreement (Txu Europe LTD)

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