Common use of Assignments and Transfers by a Lender Clause in Contracts

Assignments and Transfers by a Lender. (a) Any Lender may, at its ------------------------------------- own cost, without requiring any consent, assign or transfer to another Lender or an affiliate of a Lender, and otherwise with the consent of the Agent and, if such assignee of any Obligations under or in connection with the Canadian Revolving Credit Facility is a non-resident of Canada, the Canadian Borrower and, if such assignee of any Obligations under or in connection with the U.K. Revolving Credit Facility is not a resident of the United Kingdom, the U.K. Borrower (which shall not in any case be unreasonably withheld or delayed) to any other Person who carries on a business of making loans or providing financing all or a rateable portion of all of its rights, benefits and obligations hereunder, provided that no assignee or transferee shall be entitled to receive pursuant to the Loan Documents more than the amounts which would otherwise have been payable by a Borrower to such Lender, had such assignment or transfer not have been made, in respect of the rights, benefits and obligations so assigned or transferred. No assignment (other than an assignment of all of the assigning Lender's rights, benefits and obligations hereunder) shall be for aggregate (amongst that Lender and its affiliates) Commitment amounts less than $25,000,000. Any Lender requesting a Borrower's consent to a transfer or assignment shall provide the Agent and such Borrower with all reasonable information regarding the proposed transferee or assignee as such Borrower or Agent requests. No Borrower shall be required to pay any amounts to an assignee in excess of amounts that it would have been required to pay had no such assignment been made. (b) Where obligations of a Lender are so assigned or transferred, the assignee or transferee shall confirm in writing to the applicable Borrower obligated in respect of the Obligations so assigned or transferred, prior to such assignment or transfer taking effect, that it shall be bound towards such Borrower by the terms hereof relating to such obligations. On the assignment and transfer being made and such written confirmation being delivered to such Borrower, the Lender making an assignment or transfer shall be relieved of its obligations to the extent of such assignment or transfer thereof.

Assignments and Transfers by a Lender. (a) Any Lender may, at its own ------------------------------------- own cost, without requiring any consent, assign or transfer to another Lender or an affiliate of a Lender, and otherwise with the consent of the Agent and, if such assignee of any Obligations under or so long as no Event shall have occurred and be continuing, in connection with the Canadian Revolving Credit Facility is a non-resident of CanadaFacility, the Canadian Borrower and, if such assignee of any Obligations under or in connection with the U.K. U.S. Revolving Credit Facility is not a resident of the United Kingdomand U.S. Term Loan, the U.K. Borrower U.S. Borrowers (which consent of a Borrower shall not in any case be unreasonably withheld or delayed) ), to any other Person who carries on a business of making loans or providing financing all or a rateable portion of all of its rights, benefits and obligations hereunder, provided that no assignee or transferee shall be entitled to receive pursuant to the Loan Documents more than the amounts which would otherwise have been payable by a Borrower to such Lender, had such assignment or transfer not have been made, in respect of the rights, benefits and obligations so assigned or transferred. No assignment (other than an assignment of all of the assigning Lender's rights, benefits and obligations hereunder) shall be for aggregate (amongst that Lender and its affiliates) Commitment amounts less than $25,000,000. Any Lender requesting a Borrower's consent to a transfer or assignment shall provide the Agent and such Borrower with all reasonable information regarding the proposed transferee or assignee as such Borrower or Agent requests. No Borrower shall be required to pay any amounts to an assignee in excess of amounts that it would have been required to pay had no such assignment been made. (b) Where obligations of a Lender are so assigned or transferred, the assignee or transferee shall confirm in writing to the applicable Borrower obligated in respect of the Obligations so assigned or transferred, prior to such assignment or transfer taking effect, that it shall be bound towards such Borrower by the terms hereof relating to such obligations. On the assignment and transfer being made and such written confirmation being delivered to such Borrower, the Lender making an assignment or transfer shall be relieved of its obligations to the extent of such assignment or transfer thereof.