Common use of Transfer by the Lender Clause in Contracts

Transfer by the Lender. (a) Subject to this Clause 26 (Transfers and Changes in Lender), the Lender (the "Transferor Lender") may at any time, with the Borrower’s prior consent or approval, cause: (i) its rights in respect of all or part of its Contribution; or (ii) its obligations in respect of all or part of its Commitment; or (iii) a combination of (i) and (ii); or (iv) all or part of its credit risk under this Agreement and the other Finance Documents, to be syndicated to or (in the case of its rights) assigned, pledged or transferred to, or (in the case of its obligations) pledged or assumed by, any bank or financial institution or to a trust, fund or other entity, provided such other entity is regularly engaged in, or established for the purpose of, making, purchasing or investing in loans, securities or other financial assets (a "Transferee Lender") by delivering to the Lender a completed certificate in the form set out in Schedule 3 (Transfer Certificate) with any modifications approved or required by the Lender (a "Transfer Certificate") executed by the Transferor Lender and the Transferee Lender. However, any rights and obligations of the Transferor Lender in its capacity as Lender will have to be dealt with separately. (b) The consent of the Borrower to an assignment or transfer referred to in paragraph (a) above, shall only be required in the absence of an Event of Default and must not be unreasonably withheld or delayed. The Borrower will be deemed to have given their consent five Business Days after the Transferor Lender has requested it unless consent is expressly refused by the Borrower within that time.

Transfer by the Lender. (a) Subject to this Clause 26 (Transfers and Changes in Lender), the Lender (the "“Transferor Lender"”) may at any time, with the Borrower’s prior consent or approval, cause: (i) its rights in respect of all or part of its Contribution; or (ii) its obligations in respect of all or part of its Commitment; or (iii) a combination of (i) and (ii); or (iv) all or part of its credit risk under this Agreement and the other Finance Documents, to be syndicated to or (in the case of its rights) assigned, pledged or transferred to, or (in the case of its obligations) pledged or assumed by, any bank or financial institution or to a trust, fund or other entity, provided such other entity is regularly engaged in, or established for the purpose of, making, purchasing or investing in loans, securities or other financial assets (a "“Transferee Lender"”) by delivering to the Lender a completed certificate in the form set out in Schedule 3 (Transfer Certificate) with any modifications approved or required by the Lender (a "“Transfer Certificate"”) executed by the Transferor Lender and the Transferee Lender. However, any rights and obligations of the Transferor Lender in its capacity as Lender will have to be dealt with separately. (b) The consent of the Borrower to an assignment or transfer referred to in paragraph (a) above, shall only be required in the absence of an Event of Default and must not be unreasonably withheld or delayed. The Borrower will be deemed to have given their consent five Business Days after the Transferor Lender has requested it unless consent is expressly refused by the Borrower within that time.