Common use of Extension of Rights to Assignee Clause in Contracts

Extension of Rights to Assignee. The Bank may at any time and from time to time assign or transfer this Deed or the whole or a portion of its rights and benefits hereunder to any person, in which event references herein to the Bank shall thenceforth be deemed to include a reference to such assignee to the extent of its interest. Any such assignee or transferee shall be entitled to the full benefit of this Deed to the same extent as if it were an original party in respect of the benefits, rights and/or obligations assigned or transferred to it.

Appears in 2 contracts

Sources: Deed of Subordination, Deed of Subordination