Assignments and transfer by Obligors Clause Samples

Assignments and transfer by Obligors. No Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents.

Assignments and transfer by Obligors. No Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents without the prior written consent of all of the Lenders (in their absolute discretion).

Assignments and transfer by Obligors. No Borrower may assign any of its rights or transfer any of its rights or obligations under the Finance Documents.

Assignments and transfer by Obligors. No Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents except that the Company may transfer its rights and obligations as a Borrower in respect of Loans made under this Agreement to another Borrower (other than a Canadian Borrower) in accordance with Clause 25.2 (Borrower transfer).

Assignments and transfer by Obligors. (a) Except as set out below, no Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents. (b) Notwithstanding paragraph (a) above, a Finance Company which is the Borrower of any Loan may novate its obligations under all such Loans to any other Finance Company which becomes a Borrower in accordance with Clause 32.2 (Additional Borrowers) and which is incorporated in the same jurisdiction as the original Finance Company, provided that the Obligors’ Agent gives the Facility Agent at least five Business Days’ prior written notice. Such Loans shall be novated to such other Finance Company in accordance with the relevant Accession Letter on the date on which the Facility Agent executes that Accession Letter.

Assignments and transfer by Obligors. No Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents, neither in form of a transfer of assets (Vermögensübertragung) pursuant to art. 69 et seq. Swiss Merger Law nor otherwise.

Assignments and transfer by Obligors. No Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents. SECTION 10 THE FINANCE PARTIES

Assignments and transfer by Obligors. (a) Subject to paragraph (b) below, no Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents. (b) A Borrower may transfer all or part of its rights and obligations to another member of the Group (excluding for the purposes of this clause an existing Borrower) (the New Borrower) provided that: (i) such transfer is on terms acceptable to all of the Banks; (ii) the New Borrower is incorporated in a jurisdiction approved by each of the Banks; and (iii) the New Borrower simultaneously accedes to the Facility Agreement as an Additional Guarantor in accordance with Clause 27.4 (Additional Guarantors).

Assignments and transfer by Obligors. No Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents. 93954-4-1-v3.0 -76- 70-40529536