Common use of Assignments and transfers by the Lenders Clause in Contracts

Assignments and transfers by the Lenders. Subject to this clause 32, a Lender (the Existing Lender) may assign any of its rights to another bank or financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the New Lender).

Appears in 2 contracts

Sources: Facility Agreement (DryShips Inc.), Facility Agreement (Quintana Shipping Ltd.)

Assignments and transfers by the Lenders. Subject to this clause 32, a Lender (the Existing Lender) may assign any of its rights to another bank or bank, financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the New Lender).

Appears in 2 contracts

Sources: Supplemental Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.)

Assignments and transfers by the Lenders. Subject to this clause 32, a Lender (the Existing Lender) may assign any of its rights to another bank or financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the New Lender).

Appears in 1 contract

Sources: Facility Agreement (Navigator Holdings Ltd.)

Assignments and transfers by the Lenders. Subject to this clause 32, a Lender (the Existing Lender) may assign any of its rights to another bank or bank, financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (excluding a hedge fund), unless an Event of Default has occurred and is continuing, in which case the Existing Lender may assign its right to any person (in each case, the new assignee being the New Lender).

Appears in 1 contract

Sources: Facility Agreement (Navigator Holdings Ltd.)

Assignments and transfers by the Lenders. Subject to this clause 3233, a Lender (the Existing Lender) may assign any of its rights to another bank or financial institution or to a institution, trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the New Lender).

Appears in 1 contract

Sources: Facility Agreement (Navigator Holdings Ltd.)

Assignments and transfers by the Lenders. Subject to this clause 3230, a Lender (the Existing Lender) may assign any of its rights to another bank or financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the New Lender).

Appears in 1 contract

Sources: Facility Agreement (GasLog Ltd.)

Assignments and transfers by the Lenders. Subject to this clause 3230, a Lender (the Existing Lender) may assign any of its rights to another bank or bank, financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (excluding a hedge fund), unless an Event of Default has occurred and is continuing, in which case the Existing Lender may assign its right to any person (in each case, the new assignee being the New Lender).

Appears in 1 contract

Sources: Facility Agreement (Navigator Holdings Ltd.)

Assignments and transfers by the Lenders. Subject to this clause 3233, a Lender (the Existing Lender) may assign any of its rights to another bank or financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the New Lender).

Appears in 1 contract

Sources: Loan Facility Agreement (Navigator Holdings Ltd.)

Assignments and transfers by the Lenders. Subject to this clause 3229, a Lender (the Existing Lender) may assign any of its rights to another bank or financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the New Lender).

Appears in 1 contract

Sources: Facility Agreement (GasLog Ltd.)

Assignments and transfers by the Lenders. Subject to this clause 32Clause 24.2, a Lender (the "Existing Lender") may assign any of its rights or obligations to another bank or financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the "New Lender").

Appears in 1 contract

Sources: Facility Agreement (NORDIC AMERICAN TANKERS LTD)

Assignments and transfers by the Lenders. Subject to this clause 3222, a Lender (the Existing Lender) may assign any of its rights and/or transfer any of its obligations to another bank or financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the New Lender).

Appears in 1 contract

Sources: Facility Agreement (Commercial Metals Co)