Common use of Assignment and transfers by Obligors Clause in Contracts

Assignment and transfers by Obligors. The Borrower shall not and shall procure that no Obligor or any other member of the Group may assign any of its rights or transfer any of its rights or obligations under the Finance Documents.

Appears in 3 contracts

Sources: Facilities Agreement (International Shipping Enterprises, Inc.), Facilities Agreement (Navios Maritime Holdings Inc.), Facilities Agreement (International Shipping Enterprises, Inc.)

Assignment and transfers by Obligors. The Borrower shall not not, and the Borrower shall procure that no Obligor or any other each Obligor, each member of the Group may and the Parent Guarantor shall not, assign any of its rights or transfer any of its rights or obligations under the Finance Documents.

Appears in 1 contract

Sources: Senior Secured Bridge Facility Agreement (Ugi Corp /Pa/)