Common use of Permitted assurance and receipts Clause in Contracts

Permitted assurance and receipts. Nothing in this Agreement shall restrict the ability of any Lender or Hedge Counterparty to: (a) arrange with any person which is not a member of the Group any assurance against loss in respect of, or reduction of its credit exposure to, an Obligor (including assurance by way of credit based derivative or sub-participation); or (b) make any assignment or transfer permitted by Clause 27 (Changes to the Lenders), which is not in breach of this Agreement, and that Lender or Hedge Counterparty shall not be obliged to account to any other Party for any sum received by it as a result of that action.

Permitted assurance and receipts. Nothing in this Agreement shall restrict the ability of any Lender or Hedge Counterparty to: (a) arrange with any person which is not (other than a member of the Group Group) any assurance against loss in respect of, or reduction of its credit exposure to, an Obligor any Borrower (including assurance by way of credit based derivative or sub-participation); or (b) make to receive or recover any sum in respect of its Liabilities as a result of any assignment or transfer permitted by Clause 27 16 (Changes to the LendersChange of Party), which is not in breach of this Agreement, and that Lender or Hedge Counterparty shall not be obliged to account to any other Party for any sum received by it as a result of that action.

Permitted assurance and receipts. Nothing in this Agreement shall restrict the ability of any Lender or Hedge Counterparty Creditor to: (aA) arrange with any person which is not a member of the Group any assurance against loss in respect of, or reduction of its credit exposure to, an Obligor (including assurance by way of credit based derivative or sub-sub participation); or (bB) make any assignment or transfer permitted by Clause 27 13 (Changes to the LendersParties), which which: (i) is permitted by the Facility Agreement (a) is not in breach of this AgreementClause 4.5 (No acquisition of Hedging Liabilities), and that Lender or Hedge Counterparty Creditor shall not be obliged to account to any other Party for any sum received by it as a result of that action.