Common use of ACCESSION OF NEW PARTIES Clause in Contracts

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. 6.2 All parties to this Agreement hereby irrevocably agree to any New Transferor becoming a party to any of the Transaction Documents in accordance with Clause 9 of the Guarantee Support Agreement following completion and execution of the Transferor Accession Letter in the form as set out in Schedule 6 to the Programme Agreement. Each party, by becoming a party to this Agreement, gives an irrevocable power of attorney to the CBC to do such further acts as may reasonably be deemed required to agree to such New Transferors to accede to any of the Transaction Documents on its behalf.

Appears in 2 contracts

Samples: Parallel Debt Agreement, Parallel Debt Agreement

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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. 6.2 All parties to this Agreement hereby irrevocably agree to any New Transferor becoming a party to any of the Transaction Documents in accordance with Clause 9 8 of the Guarantee Support Agreement and Clause 14 of the Programme Agreement following completion and execution of the Transferor Accession Letter in the form as set out in Schedule 6 to the Programme Agreement. Each party, by becoming a party to this Agreement, gives an irrevocable power of attorney to the CBC to do such further acts as may reasonably be deemed required to agree to such New Transferors to accede to any of the Transaction Documents on its behalf.

Appears in 1 contract

Samples: Parallel Debt Agreement

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. 6.2 All parties to this Agreement hereby irrevocably agree to any New Transferor becoming a party to any of the Transaction Documents in accordance with Clause 9 8 of the Guarantee Support Agreement and Clause 14 of the Programme Agreement following completion and execution of the Transferor Accession Letter in the form as set out in Schedule 6 to the Programme Agreement. Each party, by becoming a party to this Agreement, gives an irrevocable power of attorney to the CBC to do such further acts as may reasonably be deemed required to agree to such New Transferors to accede to any of the Transaction Documents on its behalf.

Appears in 1 contract

Samples: Parallel Debt Agreement

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ACCESSION OF NEW PARTIES. β€Œ 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. 6.2 All parties to this Agreement hereby irrevocably agree to any New Transferor becoming a party to any of the Transaction Documents in accordance with Clause 9 of the Guarantee Support Agreement following completion and execution of the Transferor Accession Letter in the form as set out in (Schedule 6 to the Programme Agreement). Each party, by becoming a party to this Agreement, gives an irrevocable power of attorney to the CBC to do such further acts as may reasonably be deemed required to agree to such New Transferors to accede to any of the Transaction Documents on its behalf.

Appears in 1 contract

Samples: Parallel Debt Agreement

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