Assignment by the Borrowers Sample Clauses

The "Assignment by the Borrowers" clause defines the rules and restrictions regarding the borrowers' ability to transfer their rights or obligations under the agreement to another party. Typically, this clause prohibits borrowers from assigning their interests in the loan or related agreements without the lender's prior written consent, ensuring that the lender maintains control over who is responsible for repayment and other obligations. By doing so, the clause prevents unauthorized transfers that could increase the lender's risk or complicate enforcement, thereby protecting the lender's interests and maintaining the integrity of the lending arrangement.
Assignment by the Borrowers. The rights and obligations of the Borrowers under this Agreement are not assignable to any other Person, except in accordance with Article 7, without the prior written consent of all of the Lenders, which consent shall not be unreasonably withheld.
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Assignment by the Borrowers. None of the Borrowers shall assign or transfer any of its rights or obligations under any of the Loan Documents without the prior written consent of each of the Lenders.
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Assignment by the Borrowers. No Borrower shall assign any rights or transfer any obligations arising from this Agreement without the prior written consent of all the Lenders.
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Assignment by the Borrowers. Save and except as may otherwise be expressly provided in this Commitment Agreement, the rights and obligations of any Borrower under this Commitment Agreement are not assignable to any other Person, without the prior written consent of the Lender and the other Borrowers.
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Assignment by the Borrowers. The Borrowers may not assign any of their rights, or transfer any of their obligations, under this mortgage or enter into any transaction which would result in any of those rights or obligations passing to another person.
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Assignment by the Borrowers. Neither this Note nor any of the rights, interests or obligations hereunder may be assigned, by operation of law or otherwise, in whole or in part, by the Borrowers, without prior notice given to the Lender.
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Assignment by the Borrowers. 83 11.11 ASSIGNMENTS AND TRANSFERS BY A LENDER...........................83 11.12 CERTAIN REQUIREMENTS IN RESPECT OF MERGER, ETC..................85 11.13
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Assignment by the Borrowers. The rights of the Borrowers under the provisions hereof are purely personal and may not be transferred or assigned, and the Borrowers may not transfer or assign any of their obligations hereunder, such assignment being null and of no effect opposite the Lenders and rendering any balance outstanding of the amounts referred to in Section l5.2 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.
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Assignment by the Borrowers. The Borrowers do not have the rights to assign their rights or transfer obligations under the Finance Documents without the prior consent of all Lenders.
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Related to Assignment by the Borrowers

  • Assignment by the Seller The Seller shall assign (exclusive of the Seller’s rights arising under Section 8.02(iii) and 8.03), its interest under this Agreement to the Depositor, which in turn shall assign such rights to the Trustee, and the Trustee then shall succeed to all rights of the Seller under this Agreement.

  • Assignment by the Company The rights, interests or obligations of the Company hereunder may not be assigned, by operation of law or otherwise, in whole or in part, by the Company without the prior written consent of the Investor.

  • Assignment by the Administrative Agent The Administrative Agent may from time to time assign the Secured Obligations to a successor Administrative Agent appointed in accordance with the Credit Agreement, and such successor shall be entitled to all of the rights and remedies of the Administrative Agent under this Agreement in relation thereto.

  • Assignment by the Executive This Agreement will inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If the Executive dies while any amount would still be payable to him hereunder had he continued to live, all such amounts, unless otherwise provided herein, will be paid in accordance with the terms of this Agreement to the Executive’s Beneficiary. If the Executive has not named a Beneficiary, then such amounts will be paid to the Executive’s devisee, legatee, or other designee, or if there is no such designee, to the Executive’s estate, and such designee, or the Executive’s estate will be treated as the Beneficiary hereunder.

  • Assignment by Borrower The Borrower shall not assign or transfer any of its rights or obligations under any of the Loan Documents without the prior written consent of each of the Banks.