Conditions of Transfer 24 Sample Clauses

Conditions of Transfer 24. 2.1. The consent of the Borrower is not required for a Transfer by an Existing Lender if: 24.2.1.1. the New Lender is any entity listed in Schedule 9 (Permitted Transferees) 24.2.1.2. the New Lender is another Lender or an Affiliate of a Lender; or 24.2.1.3. such Transfer is made at a time when a Default is continuing. 24.2.2. Except as detailed above and subject to Clause 24.2.3 below, the express consent of the Borrower is required for a Transfer to a prospective New Lender. 24.2.3. A Transfer of a part of its Commitment or part of its rights and obligations under this Agreement and the Finance Documents by an Existing Lender to a New Lender shall not be permitted if: 24.2.3.1. it results in more than 4 (four) Lenders holding Commitments under this Agreement at any time; or 24.2.3.2. the amount of the Commitment being transferred is less than ZAR250,000,000 (two hundred and fifty million Rand). 24.2.4. Except as detailed in Clause 24.2.1, the express consent of the Borrower is required for a Transfer to which the further restrictions in Clause 24.2.3 apply. If no express consent has been granted, the Borrower will be deemed to have refused its consent in respect of a Transfer to which the further restrictions in Clause 24.2.3 apply 7 (seven) Business Days after the Agent has requested such consent in writing. 24.2.5. A Transfer will only be effective if the procedure set out in Clause 24.4 is complied with. 24.3.
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Related to Conditions of Transfer 24

  • Conditions Precedent The effectiveness of this Amendment is subject to the satisfaction of all of the following conditions precedent:

  • Representations and Warranties of the Company The Company represents and warrants to each Underwriter that:

  • Representations and Warranties Borrower represents and warrants as follows:

  • Limitation of Liability No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

  • General Provisions In connection with any Registration Statement and any Prospectus required by this Agreement to permit the sale or resale of Transfer Restricted Securities (including, without limitation, any Registration Statement and the related Prospectus required to permit resales of Initial Securities by Broker-Dealers), each of the Company and the Guarantors shall:

  • Definitions and Interpretation 1.1 In this Agreement:

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • Representations Each party represents to the other party (which representations will be deemed to be repeated by each party on each date on which a Transaction is entered into and, in the case of the representations in Section 3(f), at all times until the termination of this Agreement) that:—

  • DURATION OF AGREEMENT All agreements and obligations of the Company contained herein shall continue during the period Indemnitee serves as a director or officer of the Company or as a director, officer, trustee, partner, manager, managing member, fiduciary, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or other Enterprise which Indemnitee serves at the request of the Company and shall continue thereafter so long as Indemnitee shall be subject to any possible Proceeding (including any rights of appeal thereto and any Proceeding commenced by Indemnitee pursuant to Section 14 of this Agreement) by reason of Indemnitee’s Corporate Status, whether or not Indemnitee is acting in any such capacity at the time any liability or expense is incurred for which indemnification or advancement can be provided under this Agreement.

  • Warranties a. The Investor(s) makes the following representations and warranties to Escrow Agent:

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