ACCESSION OF NEW PARTIES Sample Clauses

ACCESSION OF NEW PARTIES. 6.1 All parties to this Agreement hereby irrevocably agree to any (additional) Swap Counterparty or such other party designated by the Security Trustee as Secured Creditor becoming a party to this Agreement following completion and execution of a letter substantially in the form of the Schedule hereto. Each party, by becoming a party to this Agreement, gives an irrevocable power of attorney to the Security Trustee to do such further acts as may reasonably be deemed required to agree to such new parties to accede to this Agreement on its behalf.
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ACCESSION OF NEW PARTIES. 1.1 If, after the date hereof, an entity which is not party to this Master Definitions and Construction Schedule (each, a New Party) has agreed to enter into any Transaction Document which incorporates this Master Definitions and Construction Schedule, Funding 1 and Funding 2 shall procure (before that new Transaction Document becomes effective) that such New Party becomes a party to this Master Definitions and Construction Schedule by delivering to the Funding 1 and Funding 2 Security Trustee on behalf of the parties to this Master Definitions and Construction Schedule (including any previous New Party) (each, an Existing Party) an Accession Agreement (in the form set out in Schedule 1 (Accession Agreement)) (an Accession Agreement) duly executed by that New Party.
Sample 1
ACCESSION OF NEW PARTIES. The Parties may accept that third parties accede to this Agreement fulfilling at least the following conditions:
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ACCESSION OF NEW PARTIES. The Parties may accept other RSCIs (new RSCI) or entities providing services of the RSCI accede to this Agreement. To accede this Agreement the party wishing to accede signs the adherence form attached in Appendix III of this Agreement. After receiving the signed adherence form a decision allowing the accession by all Parties shall be taken. As from the date of the decision allowing the adherence, the new Party shall assume all rights and obligations of a Party set forth in this Agreement.
Sample 1
ACCESSION OF NEW PARTIES. 1 3. Definitions ............................................................................................................................................. 2 4.
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ACCESSION OF NEW PARTIES. 1.1 If, on or after the date hereof, a Further Funding Company acquires or has acquired a Further Funding Company Share in the Trust Property in accordance with the Mortgages Trust Deed and has granted security over such property to a Funding Security Trustee (such Funding Security Trustee, a New Party), then the Seller, Funding or any existing Further Funding Company (depending on from whom such Further Funding Company Share is acquired) shall procure (contemporaneously with the Further Funding Company acceding to the relevant Transaction Document(s) by which it acquires such Further Funding Company Share) that such New Party becomes a party to this Mortgages Trustee Guarantee Investment Contract by delivering to the parties to this Mortgages Trustee Guarantee Investment Contract (including any previous New Party) (each, an Existing Party) an Accession Deed (in the form set out in Schedule 1)) (an Accession Deed) duly executed by that New Party and confirmed/acknowledged by the parties hereto.
Sample 1

Related to ACCESSION OF NEW PARTIES

  • Admission of New Members The Company may admit new Members (or transferees of any interests of existing Members) into the Company by the unanimous vote or consent of the Members. As a condition to the admission of a new Member, such Member shall execute and acknowledge such instruments, in form and substance satisfactory to the Company, as the Company may deem necessary or desirable to effectuate such admission and to confirm the agreement of such Member to be bound by all of the terms, covenants and conditions of this Agreement, as the same may have been amended. Such new Member shall pay all reasonable expenses in connection with such admission, including without limitation, reasonable attorneys’ fees and the cost of the preparation, filing or publication of any amendment to this Agreement or the Articles of Organization, which the Company may deem necessary or desirable in connection with such admission. No new Member shall be entitled to any retroactive allocation of income, losses, or expense deductions of the Company. The Company may make pro rata allocations of income, losses or expense deductions to a new Member for that portion of the tax year in which the Member was admitted in accordance with Section 706(d) of the Internal Revenue Code and regulations thereunder. In no event shall a new Member be admitted to the Company if such admission would be in violation of applicable Federal or State securities laws or would adversely affect the treatment of the Company as a partnership for income tax purposes. (Check if Applicable)

  • Issuance of New Notes Whenever the Company is required to issue a new Note pursuant to the terms of this Note, such new Note (i) shall be of like tenor with this Note, (ii) shall represent, as indicated on the face of such new Note, the Principal remaining outstanding (or in the case of a new Note being issued pursuant to Section 17(a) or Section 17(c), the Principal designated by the Holder which, when added to the principal represented by the other new Notes issued in connection with such issuance, does not exceed the Principal remaining outstanding under this Note immediately prior to such issuance of new Notes), (iii) shall have an issuance date, as indicated on the face of such new Note, which is the same as the Issuance Date of this Note, (iv) shall have the same rights and conditions as this Note, and (v) shall represent accrued and unpaid Interest and Late Charges on the Principal and Interest of this Note, from the Issuance Date.

  • Issuance of New Note Upon any partial conversion of this Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Borrower to the Holder for the principal balance of this Note and interest which shall not have been converted or paid. The Borrower will pay no costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

  • No New Liens The parties hereto agree that, so long as the Discharge of Senior Obligations has not occurred, (a) none of the Grantors shall grant or permit any additional Liens on any asset or property of any Grantor to secure any Second Priority Debt Obligation unless it has granted, or concurrently therewith grants, a Lien on such asset or property of such Grantor to secure the Senior Obligations; and (b) if any Second Priority Representative or any Second Priority Debt Party shall hold any Lien on any assets or property of any Grantor securing any Second Priority Obligations that are not also subject to the first-priority Liens securing all Senior Obligations under the Senior Collateral Documents, such Second Priority Representative or Second Priority Debt Party (i) shall notify the Designated Senior Representative promptly upon becoming aware thereof and, unless such Grantor shall promptly grant a similar Lien on such assets or property to each Senior Representative as security for the Senior Obligations, shall assign such Lien to the Designated Senior Representative as security for all Senior Obligations for the benefit of the Senior Secured Parties (but may retain a junior lien on such assets or property subject to the terms hereof) and (ii) until such assignment or such grant of a similar Lien to each Senior Representative, shall be deemed to hold and have held such Lien for the benefit of each Senior Representative and the other Senior Secured Parties as security for the Senior Obligations.

  • Making of New Term Loans On any Increase Effective Date on which new Commitments for Term Loans are effective, subject to the satisfaction of the foregoing terms and conditions, each Lender of such new Commitment shall make a Term Loan to Borrower in an amount equal to its new Commitment.

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