ASSIGNMENTS AND TRANSFERS BY PARTICIPATING BANKS Sample Clauses

ASSIGNMENTS AND TRANSFERS BY PARTICIPATING BANKS. Any Participating Bank may with the consent of Partner (such consent not to be unreasonably withheld or delayed) unless such assignment or transfer is to an Affiliate of a Participating Bank or an Event of Default has occurred and is continuing (in which event no consents will be required), at any time, assign all or any of its rights and benefits under the Facility Documents or transfer in accordance with clause 27.5 (Transfers by Participating Banks) all or any of its rights, benefits and obligations under the Facility Documents to any bank or financial institution. Subject to the aforegoing, a Participating Bank may assign to any person, in whole or in part, any of its rights, benefits and obligations under the Facility Documents. An assignment by a Participating Bank of the whole or part of its outstanding Advances shall be made together with an assignment of the Commitment in respect thereof. An assignment or transfer of any such Advance shall be in respect of at least a minimum amount of US $5,000,000 (five million United States Dollars) (or its equivalent). Where a Participating Bank has transferred to a Transferee any part of its Commitment under Facility A or Facility C, as the case may be, such Transferee's Commitment under such Facility (transferred to it as aforesaid) and, if applicable, the Commitment under Facility A or Facility C, as the case may be, of the relevant transferring Participating Bank (to the extent not transferred as aforesaid), shall be reduced, on each Facility A Commitment Reduction Date or Facility C Commitment Reduction Date, as the case may be, by the same percentage as the other Participating Banks' respective Commitments under such Facility are reduced under clause 5.1.1 or 5.3.1, as applicable, of this Agreement.
Sample 1
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Related to ASSIGNMENTS AND TRANSFERS BY PARTICIPATING BANKS

  • Assignments and transfers by Lenders (a) A Lender (the Existing Lender) may, subject to the following provisions of this Subclause, at any time assign or transfer (including by way of novation) any of its rights and obligations under this Agreement to any other person (the New Lender).

  • Assignments and transfers by the Lenders Subject to this Clause 23, a Lender (the “Existing Lender”) may:

  • Assignments and Transfers by Investors The provisions of this Agreement shall be binding upon and inure to the benefit of the Investors and their respective successors and assigns. An Investor may transfer or assign, in whole or from time to time in part, to one or more persons its rights hereunder in connection with the transfer of Registrable Securities by such Investor to such person, provided that such Investor complies with all laws applicable thereto and provides written notice of assignment to the Company promptly after such assignment is effected.

  • Assignments and transfers by Obligors No Obligor may assign or transfer any of its rights and obligations under the Finance Documents without the prior consent of all the Lenders.

  • Assignment and transfers by Obligors No Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents.

  • Assignments and transfer by Obligors No Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents.

  • Assignments and Transfers by the Company This Agreement may not be assigned by the Company (whether by operation of law or otherwise) without the prior written consent of the Required Investors, provided, however, that the Company may assign its rights and delegate its duties hereunder to any surviving or successor corporation in connection with a merger or consolidation of the Company with another corporation, or a sale, transfer or other disposition of all or substantially all of the Company’s assets to another corporation, without the prior written consent of the Required Investors, after notice duly given by the Company to each Investor.

  • Assignments and Transfers No Party may assign any of its rights and benefits or transfer any of its rights, benefits and obligations in respect of any Debt Documents or the Liabilities except as permitted by this Clause 19.

  • Assignment and Transfers Except as the Committee may otherwise permit pursuant to the Plan, the rights and interests of the Participant under this Agreement may not be sold, assigned, encumbered or otherwise transferred except, in the event of the death of the Participant, by will or by the laws of descent and distribution. In the event of any attempt by the Participant to alienate, assign, pledge, hypothecate, or otherwise dispose of the Stock Units or any right hereunder, except as provided for in this Agreement, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the Stock Units by notice to the Participant, and the Stock Units and all rights hereunder shall thereupon become null and void. The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company and to the Company’s parents, subsidiaries, and affiliates. This Agreement may be assigned by the Company without the Participant’s consent.

  • Transfers by Banks If a Bank wishes to transfer all or any of its rights, benefits and/or obligations hereunder as contemplated in Clause 26.2 (ASSIGNMENTS AND TRANSFERS BY BANKS), then such transfer may be effected by the delivery to the Agent and the Borrower of a duly completed and duly executed Transfer Certificate in which event, on the later of the Transfer Date specified in such Transfer Certificate and the fifth business day after (or such earlier business day endorsed by the Agent on such Transfer Certificate) the date of delivery of such Transfer Certificate to the Agent:

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