Common use of ASSIGNMENTS AND TRANSFERS BY BANKS Clause in Contracts

ASSIGNMENTS AND TRANSFERS BY BANKS. Any Bank may at any time (and at its own cost) assign to any bank or financial institution all or any of its rights and benefits hereunder or transfer to any bank or financial institution in accordance with Clause 26.5 (Transfers by Banks) all or any of its rights, benefits and obligations hereunder Provided that: (i) (save in the case of an assignment or transfer to any subsidiary or holding company, or to any subsidiary of any holding company, of such Bank or to another Bank) no such assignment or transfer may be made without the prior written approval of the Borrower, such approval not to be unreasonably withheld or delayed; (ii) no Bank shall be entitled to effect any such assignment or transfer (otherwise than with the prior written approval of the Obligors) if as a result thereof (and as at the date thereof) an Obligor would be obliged to make a payment to the assignee or transferee which it would not have been obliged to make to such Bank or which is greater than the payment it would have been obliged to make to the assignor or transferor; (iii) no Bank party hereto as at the Original Facility Date shall be entitled to assign or transfer any of its rights and benefits hereunder to more than one other bank or financial institution.

ASSIGNMENTS AND TRANSFERS BY BANKS. Any Bank may at any time (and at its own cost) assign to any bank or financial institution all or any of its rights and benefits hereunder or transfer to any bank or financial institution in accordance with Clause 26.5 24.5 (Transfers by Banks) all or any of its rights, benefits and obligations hereunder Provided that: (i) (save in the case of an assignment or transfer to any subsidiary or holding company, or to any subsidiary of any holding company, of such Bank or to another Bank) no such assignment or transfer may be made without the prior written approval of the Borrower, such approval not to be unreasonably withheld or delayed; (ii) no Bank shall be entitled to effect any such assignment or transfer (otherwise than with the prior written approval of the ObligorsBorrower) if as a result thereof (and as at the date thereof) an Obligor the Borrower would be obliged to make a payment to the assignee or transferee which it would not have been obliged to make to such Bank or which is greater than the payment it would have been obliged to make to the assignor or transferor; (iii) no Bank party hereto as at the Original Facility Date shall be entitled to assign or transfer any of its rights and benefits hereunder to more than one other bank or financial institution; and (iv) a Bank may only assign or transfer the same proportion of its A Commitment and B Commitment.