Transfers and Changes in Lending Offices Sample Clauses

The "Transfers and Changes in Lending Offices" clause governs the circumstances under which a lender may transfer its loans or change the office from which it extends credit. Typically, this clause allows lenders to assign their rights or obligations to another entity or to shift the administration of a loan to a different branch or office, often to address regulatory, tax, or operational considerations. By establishing clear procedures and requirements for such changes, the clause ensures continuity in the lending relationship and minimizes disruption for both parties, while also allowing lenders flexibility to manage their internal affairs efficiently.
Transfers and Changes in Lending Offices. 24.1 The Borrower may not, without the consent of the Lender: (a) transfer any of its rights or obligations under any Finance Document; or (b) enter into any merger, de-merger or other reorganization, or carry out any other act, as a result of which any of its rights or liabilities would vest in, or pass to, another person, 49 24.2 Subject to Clauses 24.4, a Lender (the "Transferor Lender") may at any time at its sole cost and expense, with the consent of the Borrower (such consent not to be unreasonably withheld and not to be required in the case of a transfer to a subsidiary or the parent company of the Transferor Lender or to another subsidiary of its parent company), cause: (a) its rights in respect of all or part of the Loan; or (b) its obligations to advance all or part of the Loan; or (c) a combination of (a) and (b); to be (in the case of its rights) transferred to, or (in the case of its obligations) assumed by, another bank or financial institution (a "Transferee Lender") by delivering to the Security Trustee a completed certificate in the form set out in Schedule 3 with any modifications approved or required by the Security Trustee (a "Transfer Certificate") executed by the Transferor Lender and the Transferee Lender. 24.3 As soon as reasonably practicable after a Transfer Certificate is delivered to the Security Trustee, it shall (unless it has reason to believe that the Transfer Certificate may be defective): (a) sign the Transfer Certificate on behalf of itself, the Borrower and each Security Party; (b) on behalf of the Transferee Lender, send to the Borrower and each Security Party letters or faxes notifying them of the Transfer Certificate and attaching a copy of it; (c) send to the Transferee Lender copies of the letters or faxes sent under paragraph (b) above. 24.4 A Transfer Certificate becomes effective on the date, if any, specified in the Transfer Certificate as its effective date, provided that it is signed by the Security Trustee under Clause 24.3 on or before that date. 50 24.5 No assignment or transfer of any right or obligation of a Lender under any Finance Document is binding on, or effective in relation to, the Borrower, any Security Party or the Security Trustee unless it is effected, evidenced or perfected by a Transfer Certificate. 24.6 However, if a Lender enters into any merger, de-merger or other reorganization as a result of which all its rights or obligations vest in another person (the "successor"), the Security Truste...
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Transfers and Changes in Lending Offices for a purchase price in cash payable at the time of transfer which is either:
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Transfers and Changes in Lending Offices. 31.1 Transfer by Borrower The Borrower may not, without the consent of the Agent given on the instructions of all the Lenders, transfer any of its rights, liabilities or obligations under any Finance Document. 31.2 Transfer by a Lender Subject to Clause 31.4 (Effective Date of Transfer Certificate), a Lender (the "Transferor Lender") may, at its own cost, with the prior written consent of the Borrower (not to be unreasonably withheld or delayed) or without the consent of the Borrower if an Event of Default has occurred and is continuing or if to an Affiliate of the Lender, a Related Fund or another Lender, cause: (a) its rights in respect of all or pro rata parts of its Contribution; or (b) its obligations in respect of all or pro rata parts of its Commitment; or (c) a combination of (a) and (b); to be (in the case of its rights) transferred to, or (in the case of its obligations) assumed by, another bank or financial institution, insurer or re-insurer, or to a trust, fund or other entity which 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 Agent
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Transfers and Changes in Lending Offices 
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Related to Transfers and Changes in Lending Offices

  • Lending Offices The Loans of each Type made by each Lender shall be made and maintained at such Lender's Applicable Lending Office for Loans of such Type.

  • Notification of Addresses, Lending Offices, Etc Each Bank shall notify the Agent in writing of any changes in the address to which notices to the Bank should be directed, of addresses of any Lending Office, of payment instructions in respect of all payments to be made to it hereunder and of such other administrative information as the Agent shall reasonably request.

  • Change of Lending Office Each Lender agrees that, upon the occurrence of any event giving rise to the operation of Section 2.16 or 2.17(a) with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts (subject to overall policy considerations of such Lender) to designate another lending office for any Loans affected by such event with the object of avoiding the consequences of such event; provided, that such designation is made on terms that, in the sole judgment of such Lender, cause such Lender and its lending office(s) to suffer no economic, legal or regulatory disadvantage, and provided, further, that nothing in this Section shall affect or postpone any of the obligations of any Borrower or the rights of any Lender pursuant to Section 2.16 or 2.17(a).

  • Changes in Locations, Name, etc The Borrower shall not (i) change the location of its chief executive office/chief place of business from that specified in Section 6 hereof or (ii) change its name, identity or corporate structure (or the equivalent) or change the location where it maintains its records with respect to the Collateral unless it shall have given the Lender at least 30 days prior written notice thereof and shall have delivered to the Lender all Uniform Commercial Code financing statements and amendments thereto as the Lender shall request and taken all other actions deemed necessary by the Lender to continue its perfected status in the Collateral with the same or better priority.

  • Designation of Different Lending Office If any Lender requests compensation under Section 5.01, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 5.03, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 5.01 or Section 5.03, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.