Common use of Borrower’s co-operation Clause in Contracts

Borrower’s co-operation. The Borrower will, at no cost to the Borrower, co-operate fully and will procure that the other Security Parties co-operate fully with the Lender Finance Parties in connection with any assignment or transfer pursuant to clause 12.1; will execute and procure the execution of such documents as the Lender Finance Parties may reasonably require in connection therewith; and irrevocably authorise each of the Lender Finance Parties to disclose to any proposed assignee or transferee (whether before or after any assignment or transfer and whether or not any assignment or transfer shall take place) all information relating to the Security Parties, the Time Charterer, the Loan or the Relevant Documents which each such Lender Finance Party may in its discretion consider necessary to implement such assignment or transfer (subject to any duties of confidentiality applicable to the Borrower and/or Lender Finance Parties).

Appears in 4 contracts

Samples: Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)

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