ASSIGNMENT, SUBSTITUTION AND LENDING OFFICES Clause Samples

ASSIGNMENT, SUBSTITUTION AND LENDING OFFICES. Benefit and burden ------------------ This Agreement shall be binding upon, and enure for the benefit of, the Banks, the Arranger, the Agent, the Security Trustee and the Obligors and their respective successors.
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ASSIGNMENT, SUBSTITUTION AND LENDING OFFICES. 16.1 Benefit and burden This Agreement shall be binding upon, and enure for the benefit of, the Finance Parties and each Borrower and their respective successors, transferees and assigns.
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ASSIGNMENT, SUBSTITUTION AND LENDING OFFICES. 55 17. FACILITY AGENT.......................................................... 60 18. POWERS ................................................................. 62
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ASSIGNMENT, SUBSTITUTION AND LENDING OFFICES. 15.1 Benefit and burden This Agreement shall be binding upon, and enure for the benefit of, the Lenders, the Agent and the Borrower and their respective successors and Substitutes. This Agreement shall also enure for the benefit of the Arranger.
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ASSIGNMENT, SUBSTITUTION AND LENDING OFFICES. 17.1 Benefit and burden ------------------ This Agreement shall be binding upon, and ensure for the benefit of, the Banks, the Arrangers, the Agent, the Security Trustee and the Obligors and their respective successors. 17.2 No assignment by the Obligors ----------------------------- None of the Obligors may assign or otherwise transfer any of its rights or obligations under this Agreement.
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ASSIGNMENT, SUBSTITUTION AND LENDING OFFICES. 15.1 This Agreement shall be binding upon and enure for the benefit of, the Lenders, the Agent, the Security Trustee and the Borrower and their respective successors. 15.2 The Borrower may not assign or transfer any of its rights or obligations under this Agreement. 15.3 Each Lender may cede all of its rights to receive repayments whether of interest or principle under the Loan in respect of its Contribution to any other bank or financial institution (an “Assignee”) without the consent of any party provided as a result of such cession, such Assignee does not become a Lender hereunder and the Agent informs the Borrower of such cession. 15.4 Subject to the consent of the Borrower which consent shall not be unreasonably withheld and/or delayed, each Lender may assign and transfer, all or any part of its Commitment with all attendant rights, benefits and/or obligations under this Agreement to another person (a “Substitute”). Any such assignment and transfer shall be effected upon 5 Banking Days prior notice by delivery to the Agent of a duly completed Substitution Certificate duly executed by such Lender, the Substitute, the Borrower and the Agent (for itself, the Security Trustee and the other Lenders). On the Effective Substitution Date specified in a Substitution Certificate so executed and delivered, to the extent that they are expressed in such Substitution Certificate to be the subject of the assignment and transfer effected pursuant to this clause 15.4 : (a) the existing parties to this Agreement and the Lender party to the relevant Substitution Certificate shall be released from their respective obligations towards one another under this Agreement (“discharged obligations”) and their respective rights against one another under this Agreement (“discharged rights”) shall be cancelled; (b) the Substitute party to the relevant Substitution Certificate and the existing parties to this Agreement (other than the Lender party to such Substitution Certificate) shall assume obligations towards each other which differ from the discharged obligations only insofar as they are owed to or assumed by such Substitute instead of to or by such Lender; and (c) the Substitute party to the relevant Substitution Certificate and the existing parties to this Agreement (other than the Lender party to such Substitution Certificate) shall acquire rights against each other which differ from the discharged rights only insofar as they are exercisable by or against such Substitute in...
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ASSIGNMENT, SUBSTITUTION AND LENDING OFFICES 
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Related to ASSIGNMENT, SUBSTITUTION AND LENDING OFFICES

  • Successors; Assignment This Agreement shall be binding upon and inure to the benefit of the heirs, executors, administrators, legal representatives, successors and assigns of the parties; provided however, that Borrower may not assign or transfer its interest hereunder without Bank's prior written consent. Bank reserves the right to sell, assign, transfer, negotiate or grant participations in all or any part of, or any interest in, Bank's rights and benefits under each of the Loan Documents. In connection therewith, Bank may disclose all documents and information which Bank now has or may hereafter acquire relating to any credit subject hereto, Borrower or its business, or any collateral required hereunder.

  • ASSIGNMENT AND SUB-LETTING Tenant shall not assign this Agreement, or sub-let or grant any license to use the Premises or any part thereof without the prior written consent of Landlord. A consent by Landlord to one such assignment, sub-letting or license shall not be deemed to be a consent to any subsequent assignment, sub-letting or license. An assignment, sub-letting or license without the prior written consent of Landlord or an assignment or sub-letting by operation of law shall be absolutely null and void and shall, at Landlord's option, terminate this Agreement.

  • Successors; Assignment; Amendments; Waivers (a) Each TRA Party may assign any of its rights under this Agreement to any Person as long as such transferee has executed and delivered, or, in connection with such transfer, executes and delivers, a joinder to this Agreement, in form and substance reasonably satisfactory to the Corporate Taxpayer, agreeing to become a TRA Party for all purposes of this Agreement, except as otherwise provided in such joinder. (b) No provision of this Agreement may be amended unless such amendment is approved in writing by each of the Corporate Taxpayer and by the TRA Parties who would be entitled to receive at least two-thirds of the total amount of the Early Termination Payments payable to all TRA Parties hereunder if the Corporate Taxpayer had exercised its right of early termination on the date of the most recent Exchange prior to such amendment (excluding, for purposes of this sentence, all payments made to any TRA Party pursuant to this Agreement since the date of such most recent Exchange); provided, that no such amendment shall be effective if such amendment will have a disproportionate effect on the payments one or more TRA Parties receive under this Agreement unless such amendment is consented in writing by such TRA Parties disproportionately affected who would be entitled to receive at least two-thirds of the total amount of the Early Termination Payments payable to all TRA Parties disproportionately affected hereunder if the Corporate Taxpayer had exercised its right of early termination on the date of the most recent Exchange prior to such amendment (excluding, for purposes of this sentence, all payments made to any TRA Party pursuant to this Agreement since the date of such most recent Exchange). No provision of this Agreement may be waived unless such waiver is in writing and signed by the party against whom the waiver is to be effective. (c) All of the terms and provisions of this Agreement shall be binding upon, shall inure to the benefit of and shall be enforceable by the parties hereto and their respective successors, assigns, heirs, executors, administrators and legal representatives. The Corporate Taxpayer shall require and cause any direct or indirect successor (whether by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Corporate Taxpayer, by written agreement, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Corporate Taxpayer would be required to perform if no such succession had taken place.

  • Location and Type of Mortgaged Property The Mortgaged Property is a fee simple property located in the state identified in the related Mortgage Loan Schedule, except that with respect to real property located in jurisdictions in which the use of leasehold estates for residential properties is a widely-accepted practice, the Mortgaged Property may be a leasehold estate, and consists of a single parcel of real property with a detached single family residence erected thereon, or a two- to four-family dwelling, or an individual residential condominium unit in a condominium project, or an individual unit in a planned unit development and that no residence or dwelling is a mobile home; provided, however, that any condominium unit or planned unit development shall not fall within any of the "Ineligible Projects" of part XII, Section 102 of the Fannie Mae Selling Guide and shall conform with the Underwriting Guidel▇▇▇▇. In the case of any Mortgaged Properties that are manufactured homes (a "Manufactured Home Mortgage Loans"), (i) such Manufactured Home Mortgage Loan conforms with the applicable Fannie Mae or Freddie Mac requirements regarding mortgage loans related ▇▇ ▇▇n▇▇▇ctur▇▇ ▇▇▇▇lings, (ii) the related manufactured dwelling is permanently affixed to the land, (iii) the related manufactured dwelling and the related land are subject to a Mortgage properly filed in the appropriate public recording office and naming Seller as mortgagee, (iv) the applicable laws of the jurisdiction in which the related Mortgaged Property is located will deem the manufactured dwelling located on such Mortgaged Property to be a part of the real property on which such dwelling is located, and (v) such Manufactured Home Mortgage Loan is (x) a qualified mortgage under Section 860G(a)(3) of the Internal Revenue Code of 1986, as amended, and (y) secured by manufactured housing treated as a single family residence under Section 25(e)(10) of the Code. As of the date of origination, no portion of the Mortgaged Property was used for commercial purposes, and since the date of origination, no portion of the Mortgaged Property has been used for commercial purposes; provided, that Mortgaged Properties which contain a home office shall not be considered as being used for commercial purposes as long as the Mortgaged Property has not been altered for commercial purposes and is not storing any chemicals or raw materials other than those commonly used for homeowner repair, maintenance and/or household purposes;

  • Completion and Recordation of Assignments of Mortgage As soon as practicable after the Closing Date, the Servicing Transfer Date or the date on which a Qualifying Substitute Mortgage Loan is delivered pursuant to Section 2.05 of the Trust Agreement, as applicable (but in no event more than 90 days thereafter except to the extent delays are caused by the applicable public recording office), the Servicer shall cause the endorsements on the Mortgage Note (if applicable), and the Assignments of Mortgage (subject to Section 3.01(a)) to be completed in the name of the Trustee (or MERS, as applicable).