Common use of Assignment by Bank Clause in Contracts

Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an "ASSIGNEE") without the consent of the Borrower.

Appears in 2 contracts

Sources: Loan Agreement (Capital Maritime & Trading Corp.), Loan Agreement (Capital Maritime & Trading Corp.)

Assignment by Bank. The Bank may assign all or any part of its rights under this Agreement or under any of the other Security Documents to any other bank or financial institution (an "ASSIGNEE") without the prior consent of the Borrower.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Holdings Inc.)