No Assignment to Borrower Clause Samples
The "No Assignment to Borrower" clause prohibits the transfer or assignment of rights, interests, or obligations under an agreement to the borrower. In practice, this means that any party holding rights or obligations in the contract cannot transfer them to the borrower without explicit consent, ensuring that the original structure of the agreement remains intact. This clause is primarily used to prevent the borrower from gaining additional control or influence over the contract, thereby maintaining the intended allocation of rights and responsibilities and reducing the risk of conflicts of interest.
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No Assignment to Borrower. No such assignment shall be made to (A) the Borrower or any of the Borrower’s Affiliates or Subsidiaries or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B).
No Assignment to Borrower. Except as otherwise permitted pursuant to the definition of Eligible Assignee, no such assignment shall be made to Parent Borrower or any of the Parent Borrower’s Affiliates or Subsidiaries.
No Assignment to Borrower. No such assignment shall be made to the Borrower or any of the Borrower’s Affiliates or Subsidiaries.
No Assignment to Borrower. No such assignment shall be made to CRT, the Borrower or any of the Borrower’s Affiliates or Subsidiaries.
No Assignment to Borrower. No such assignment shall be made to Holdings or any of Holdings’ Affiliates or Subsidiaries.
No Assignment to Borrower. No such assignment shall be made to any Credit Party or any of the Credit Parties’ Affiliates or Subsidiaries.
No Assignment to Borrower. No such assignment shall be made to Borrower, CNL HP or any of the Affiliates or Subsidiaries of Borrower or CNL HP.
No Assignment to Borrower. No such assignment shall be made to the Borrower or any of its Subsidiaries, or any of the Borrower’s Affiliates (other than MSSF and its Affiliates, excluding the Borrower and its Subsidiaries); and
No Assignment to Borrower. No such assignment shall be made to the Parent or any of the Parent’s Affiliates or Subsidiaries without the consent of the Required Lenders.
No Assignment to Borrower. No such assignment shall be made to the Borrower or any of the Borrower’s Affiliates or Subsidiaries; provided that notwithstanding the foregoing each of Chicago Title Insurance Company, Fidelity National Title Insurance Company and Commonwealth Land Title Insurance Company shall constitute an Eligible Assignee but provided further that such Persons’ voting rights as Lenders shall be limited to the lesser of the aggregate Loans held by such Persons or twenty percent of the total outstanding Loans, without giving effect to any Loans held by such Person in excess of twenty percent in calculating the Total Outstandings.