Common use of ASSIGNMENTS AND TRANSFERS BY BANKS Clause in Contracts

ASSIGNMENTS AND TRANSFERS BY BANKS. Any Bank may, at any time, assign all or any of its rights and benefits hereunder or transfer in accordance with Section 11.05 all or any of its rights, benefits and obligations hereunder subject in either case to the consent of the Company such consent not to be unreasonably withheld which consent shall be deemed to have been given if no objection is made by the Company to any proposed assignment or transfer within 10 Business Days of the Company having notice thereof.

Appears in 1 contract

Sources: Syndicated Offshore Bill Discount Facility (NSM Steel Co LTD)

ASSIGNMENTS AND TRANSFERS BY BANKS. Any Bank may, at any time, assign all or any of its rights and benefits hereunder or transfer in accordance with Section 11.05 13.05 all or any of its rights, benefits and obligations hereunder subject subject, in either case case, to the consent of the Company such consent not to be unreasonably withheld which consent shall be deemed to have been given if no objection is made by the Company to any proposed assignment or transfer within 10 Business Days of the Company having notice thereof.

Appears in 1 contract

Sources: Onshore Bill Discount Facility (NSM Steel Co LTD)