Assignment of Loan Agreement Clause Samples
The Assignment of Loan Agreement clause allows one party to transfer its rights and obligations under the loan agreement to another party. In practice, this means that the lender or borrower can assign their interest in the loan—such as the right to receive payments or the duty to repay—to a third party, often with the consent of the other original party. This clause facilitates flexibility in financial arrangements and ensures that the loan can be managed or sold as needed, addressing the need for adaptability and liquidity in lending relationships.
Assignment of Loan Agreement. The Company shall not assign the Loan Agreement or any of its duties or obligations thereunder without the prior written consent of the Bond Insurer. 950597.7 10/31/06
Assignment of Loan Agreement. AND BORROWER BOND
Assignment of Loan Agreement. This Loan Agreement may be assigned by the Borrower, but only with the prior written consent of the Issuer and the Credit Facility Provider.
Assignment of Loan Agreement. Buyer (or, at Buyer’s direction, a Designee) and TIP LLC shall execute, with NuevaTel, an assignment, in the form attached as Exhibit A, to Buyer or a Designee of TIP LLC’s rights and obligations under the Loan Agreement.
Assignment of Loan Agreement. Neither AESP nor Bendes may assign this Loan Agreement without the written consent of ▇▇▇ ▇▇her party.
Assignment of Loan Agreement. Notwithstanding anything ------------------------------------------ herein to the contrary, this Agreement may be assigned by the Company in whole or in part and the Project may be sold, conveyed, transferred, leased or otherwise disposed of, as a whole or in part by the Company. Any such assignment, sale, conveyance, transfer, lease, or disposal, as the case may be, shall be subject to the following conditions:
(a) The successor in interest shall assume the obligations of the Company hereunder to the extent of the interest assigned, leased, or otherwise conveyed;
(b) There shall be delivered to the Issuer and the Trustee, at the expense of the Company, prior to the delivery of any such assignment, sale, conveyance, transfer, lease, or other disposal (i) an opinion of Bond Counsel, in form and substance reasonably acceptable to the Issuer and the Trustee, to the effect that such assignment, sale, conveyance, transfer, lease, or other disposal will not adversely affect the exclusion from gross income of the holders of the Bonds of interest paid thereon for federal income tax purposes and (ii) written confirmation from the Guarantor that its obligations under the Guaranty Agreement will continue to be in effect after such assignment, sale, conveyance, transfer, lease, or other disposal to the same extent as before any such assignment, sale, conveyance, transfer, lease, or other disposal; and
(c) The Company shall, within ten (10) days after delivery of any such assignment, sale, conveyance, transfer, lease, or other disposal furnish or cause to be furnished to the Issuer and the Trustee a true and complete copy thereof and of the instrument of assumption. It is expressly acknowledged that certain Liens on the Project (in which Cyprus Amax has been granted a first priority right and interest prior to the Fort ▇▇▇▇ Economic AIDEA/Exempt Facility Revenue Bonds (Fairbanks Gold Mining, Inc. Project) Series 1997 Loan Agreement Completion Date) have been granted to the Lenders pursuant to one or more AGI Loan Documents.
Assignment of Loan Agreement. Subject to the provisions of Section 4.15 hereof, the Borrower may not assign or transfer the whole or any part of this Loan Agreement without the prior written consent of the Insurer, the Bank under the Standby Purchase Agreement, the Authority and the Trustee. Any assignment of this Loan Agreement by the Borrower without the prior express written consent of the Insurer, the Bank under the Standby Purchase Agreement, the Authority and the Trustee shall be null and void. 1011002.2
Assignment of Loan Agreement. Effective as of the date hereof, the Assignor hereby absolutely assigns, transfers and conveys to the Assignee all of its rights, interests, duties, obligations and liabilities as the “Borrower” in, to and under the Loan Agreement.
Assignment of Loan Agreement. The Borrower may not ---------------------------- assign or transfer the whole or any part of this Loan Agreement without the prior express written consent of the Issuer. Any assignment of this Loan Agreement by the Borrower without the prior express written consent of the Issuer shall be void.
Assignment of Loan Agreement. Except for Reserved Rights, the Issuer has in the Indenture assigned all its right title and interest in and to this Loan Agreement and the Loan Payments to the Trustee as security for payment of the Debt Service and Purchase Price of the Bonds. The Trustee shall have all rights and remedies herein accorded to the Issuer (except for Reserved Rights), and any reference herein to the Issuer shall be deemed, with the necessary changes in detail, to include the Trustee, and the Trustee and any Holders are deemed to be third party beneficiaries of the covenants and agreements of the Company herein contained. The Company hereby agrees and consents to the Indenture. [END OF ARTICLE III]