Assignment by the Borrower Sample Clauses
The "Assignment by the Borrower" clause defines whether and how the borrower may transfer its rights or obligations under the agreement to another party. Typically, this clause restricts the borrower from assigning the contract without the lender's prior written consent, ensuring that the lender maintains control over who is responsible for repayment or other obligations. By regulating assignments, the clause protects the lender from unwanted changes in the contractual relationship and helps prevent the risk of dealing with an unknown or less creditworthy party.
Assignment by the Borrower. The rights of the Borrower under the provisions hereof are purely personal and may not be transferred or assigned, and the Borrower may not transfer or assign any of its obligations, such assignment being null and of no effect opposite the Lenders and rendering any balance outstanding of the amounts referred to in Section 14.2 immediately due and exigible at the option of the Lenders and further releasing the Lenders from any obligation to make any further Advances under the provisions hereof.
Assignment by the Borrower. The Borrower may not assign any rights and/or obligations under this agreement without the prior written consent of the Lender.
Assignment by the Borrower. The Borrower and any other parties to the Security Documents may not assign any rights and/or obligations hereunder and/or any other Security Document or any documents executed pursuant thereto without the prior written consent of the Bank and
Assignment by the Borrower. The rights of the Borrower and each other Obligor under the provisions hereof may not be transferred or assigned (except by operation of law as may be permitted pursuant to Section 14.10), and no Obligor may transfer or assign any of its obligations, any such assignment being null and void and of no effect against the Agent and the Lenders and rendering any balance outstanding of the Loan Obligations immediately due and payable at the option of the Lenders and further releasing the Lenders from any obligation to make any further Advances under the provisions hereof.
Assignment by the Borrower. The Borrower shall not be entitled to assign or transfer any of its rights and obligations under this Agreement.
Assignment by the Borrower. Neither this Note nor any of the rights, interests or obligations hereunder may be assigned, in whole or in part, by the Borrower without the prior written consent of Lender.
Assignment by the Borrower. (a) The Borrower has no right neither to assign his rights nor to transfer his obligations under the Financial Documents without the preliminary consent of all Creditors.
(b) The Borrower has the right either to assign his rights or to transfer his obligations under the Financial Documents to Headhunter on the condition of obtaining of advance written consent of all Creditors.
Assignment by the Borrower. The Borrower shall not have the right to assign its rights or obligations hereunder or any interest herein without the prior consent of all the Lenders, which consent may be withheld by the Lenders in their sole and absolute discretion; provided that the foregoing shall not prohibit a Permitted Merger by the Borrower.
Assignment by the Borrower. The rights and obligations of the Borrower under this Agreement are not assignable to any other Person, except in accordance with Article 12, without the prior written consent of the Administrative Agent and the Lenders in its sole discretion.
Assignment by the Borrower. Neither the Borrower nor any of its Subsidiaries shall assign or transfer any of its rights or obligations under any of the Loan Documents without the prior written consent of the Required Lenders and the Agent.