Assignments by the Bank Clause Samples
Assignments by the Bank. From and after the date hereof, the Bank may at any time assign all, or a proportionate part of all, of its rights, interests and duties with respect to the Revolving Commitment Amount and the Notes (1) to any one or more of its Affiliates without the consent or approval of the Credit Parties or (2) to one or more banks or other financial institutions with the consent of the Credit Parties which consent shall not be unreasonably withheld (each assignee under clauses (1) and (2), an "Assignee"), in each case on such terms, as between the Bank and each of its Assignees, as the Bank may think fit, and such Assignee shall assume such rights, interests and duties pursuant to an instrument executed by such Assignee and the Bank, and for this purpose the Bank may make available to each of its potential Assignees such information relating to the Credit Parties, this Agreement and the transactions contemplated hereby as the Bank may think necessary or desirable, which information shall be held by each potential Assignee strictly in confidence. Upon execution and delivery of such an instrument and payment by such Assignee to the Bank of an amount equal to the purchase price agreed between the Bank and such Assignee, such Assignee shall be a Bank party to this Agreement and shall have all the rights, interests and duties of a Bank with a Revolving Commitment Amount and Revolving Loan as set forth in such instrument of assumption, and the Bank shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any party shall be required. Upon the consummation of any assignment pursuant to this paragraph (b), the Bank and the Credit Parties shall make appropriate arrangements so that, if required, a new Note or Notes are issued to the Assignee.
Assignments by the Bank. The Bank may assign any of the Loans, the Notes, or its Commitment without the prior consent of the Company.
Assignments by the Bank. If there is an Event of Default under the Loan Agreement, the Bank may (i) exercise Seller’s rights under the Power Purchase Agreement, or (ii) assign or sublease any or all of Seller’s rights, title and interest in, to and under the Power Purchase Agreement to any third party (or parties), as long as such third party:
(a) assumes all of the obligations of Seller under the Power Purchase Agreement (including any accrued liability in respect of the Aggregate Differential); and
(b) is at least as experienced and capable of owning and operating (or causing the operation of) the Facility as Seller.
Assignments by the Bank. The Bank may at any time assign to one or more assignees all but not less than all of its rights and obligations under this Agreement (including all but not less than all of its LC Commitment); provided that any such assignment shall be subject to the following conditions:
Assignments by the Bank. The Bank may not assign or transfer all or any part of its obligations hereunder without thye prior written consent of the Borrower.
Assignments by the Bank. The Bank may assign any of its rights and benefits under the Financing Documents to a Qualifying Bank.
Assignments by the Bank. 31.3.1 The Bank may, at any time, assign or grant sub-participations in respect of all or any of its rights and benefits hereunder.
31.3.2 The consent of the Parent is required for an assignment by the Bank unless the assignment is to any subsidiary or holding company (or to any subsidiary of any holding company) of the Bank.
31.3.3 The Parent's consent must not be (a) unreasonably delayed or withheld or (b) withheld solely because the assignment or transfer may result in an increase to the Mandatory Cost Rate.
Assignments by the Bank. The Bank may at any time pledge, in part or in whole, present and future rights, title, benefits and interests (but not obligations) under this Agreement to a LBI hf., reg. no. 540291 2259, without prior consent of the Borrower. The Bank may furthermore at any time assign or otherwise transfer or novate all or any part of its rights or obligations hereunder to an Icelandic bank provided that (i) the Bank obtains the Borrower's prior written consent to such assignment, such consent not to be unreasonably withheld (for the avoidance of doubt, it shall not be unreasonable for Borrower to withhold its consent to any transfer of 50% or more of the Bank's obligations) and (ii) any transferee shall have (a) substantially similar credit quality as the Bank and (b) confirmed to the Borrower prior to the transfer taking effect, that it undertakes to be bound by the terms of this Agreement as the Bank in form and substance satisfactory to the Borrower. On the transfer being made, the Bank shall be relieved of its obligations to the extent of the transfer of such obligations. In case the Bank intends at any time assign or otherwise transfer or novate all or any part of its obligations hereunder to a foreign entity or an unregulated entity the consent of the Borrower is required. On the transfer being made, the Bank shall be relieved of its obligations to the extent of the transfer of such obligations.
Assignments by the Bank. The Bank may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions: (i) the consent of the City shall be required unless an Event of Default has occurred and is continuing at the time of such assignment and (ii) the City shall have received written notice from each Rating Agency then rating the Commercial Paper Notes that such ratings will not be lowered or withdrawn as a result of such assignment.
Assignments by the Bank. The Bank may, at any time, assign any of its rights and benefits hereunder to a bank or financial institution PROVIDED THAT the Bank shall not make any such assignment of more than 50% of the amount of the Bank Guarantee without the prior written consent of the Borrower, which consent shall not be unreasonably withheld or delayed.