Changes to the Finance Parties Sample Clauses

The "Changes to the Finance Parties" clause governs how parties involved in a financing arrangement—such as lenders, agents, or other financial institutions—may be replaced, added, or removed during the life of the agreement. Typically, this clause outlines the procedures for transferring rights and obligations, including any required consents or notifications, and may specify conditions under which such changes are permitted. Its core function is to provide a clear and orderly process for modifying the roster of finance parties, thereby ensuring continuity and minimizing disruption to the financing arrangement.
Changes to the Finance Parties. (a) The Chargor is deemed to consent to any assignment, transfer or novation by the Chargee under the terms of the Credit Agreement and no further consent or agreement of the Chargor is required to effect such an assignment or transfer. (b) The Chargee may assign or transfer all or part of its rights and obligations under this Agreement in accordance with the terms of the Credit Agreement. No consent shall be required from the Chargor to any such assignment or transfer but the Chargor undertakes to take any action necessary and/or sign any agreements or documents as the Chargee may require in connection with such assignment or transfer.
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Changes to the Finance Parties. 26.1 Assignments and transfers by the Lender Subject to this Clause 26, a Lender (the “Existing Lender”) may assign any of its rights and transfer any of its obligations under or in respect of Facility A under the Finance Documents to another bank (the “New Lender”). 26.2 Conditions of assignment or transfer 26.2.1 The consent of the Borrowers is required for any assignment or transfer by the Lenders, except: (a) if an Event of Default is continuing; or (b) for an assignment of rights and transfer of obligations to an Existing Lender. 26.2.2 The consent of the Borrowers to an assignment or transfer (to the extent it is required) must not be unreasonably withheld or delayed. The Borrowers will be deemed to have given its consent ten Business Days after the Existing Lender has requested it unless consent is expressly refused by the Borrowers within that time. 26.2.3 For the avoidance of doubt, no consent of the Obligors not being the Borrowers is required for assignment or transfer. 26.2.4 An assignment and transfer will only be effective if the procedure set out in Clause 26.4 (Procedure for transfer) is complied with. 26.2.5 If:
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Changes to the Finance Parties 
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Related to Changes to the Finance Parties

  • Changes to the Lenders Assignments and transfers by the Lenders Subject to this Clause 24, a Lender (the "Existing Lender") may:

  • Changes to the Obligors No Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents.

  • Changes to the Parties (a) Amend the new language to be included pursuant to paragraph 2 of Schedule 9 of this Agreement to add the words “except to the extent permitted by this Agreement and” at the start of the paragraph. (b) Amend paragraph (c)(i) of Clause 28.8 (Additional Obligors) to add the words “under the relevant Facility” after the words “Majority Lenders”.

  • Changes to the Agreement XOOM may make changes to any term or condition in this Agreement at any time except for the electricity price. We will notify you of any material change to the Agreement in writing at least forty- five (45) days before any such change be applied to your bill or take effect. If you do not terminate the Agreement before the effective date of the change, the change will become effective on the date stated in the notice. Moving: When moving to an address within your Local Utility’s service territory, XOOM will make every effort to transfer your service to your new service address when you move to an address within your Local Utility’s service territory, provided that you notify XOOM within fifteen (15) days of your move. If a transfer of service is not successful or you move to a location outside your Local Utility’s service territory, you may cancel this Agreement at no cost to you. Failure to notify XOOM of your move will be considered a cancellation of this Agreement in accordance with its terms.

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