CONSEQUENCES OF TRANSFER. The Borrowers shall be under no obligation to pay any greater amount under this Agreement following an assignment or transfer by a Bank of any of its rights or obligations pursuant to this Clause 21 (Assignments and Transfers) if, in the circumstances existing at the time of such assignment or transfer, such greater amount would not have been payable but for the assignment or transfer.
CONSEQUENCES OF TRANSFER. Without prejudice to any antecedent rights, this JV Contract shall cease to have effect as regards either Party who ceases to hold any Equity Interest, except for those Articles which are expressed to continue in force after termination of this JV Contract.
CONSEQUENCES OF TRANSFER. Newco shall be under no obligation to pay any greater amount under this Agreement following an assignment or transfer by the Bank of any of its rights or obligations pursuant to this Clause 22 if, in the circumstances existing at the time of such assignment or transfer, such greater amount would not have been payable but for the assignment or transfer.
CONSEQUENCES OF TRANSFER. An Obligor shall be under no obligation to pay any greater amount under this Agreement following an assignment or transfer by a Bank of any of its rights or obligations pursuant to this Clause 21 if, in the circumstances existing at the time of such assignment or transfer, such greater amount would not have been payable but for the assignment or transfer.
CONSEQUENCES OF TRANSFER. Without prejudice to any antecedent rights, this Agreement shall cease to have effect as regards either Party who ceases to hold any Equity Interest, except for those provisions which are expressed to continue in force after termination of this Agreement.
CONSEQUENCES OF TRANSFER. The Company shall be under no obligation to pay any greater amount under this Agreement following an assignment or transfer by a Bank of any of its rights or obligations pursuant to this Clause 21 (Assignments and Transfers) if, in the circumstances existing at the time of such assignment or transfer, such greater amount would not have been payable but for the assignment or transfer.
CONSEQUENCES OF TRANSFER. Swiss Newco shall be under no obligation to pay any greater amount under this Agreement following an assignment or transfer by a Lender of any of its rights or obligations pursuant to this Clause 21.6 if, in the circumstances existing at the time of such assignment or transfer, such greater amount would not have been payable but for the assignment or transfer.
CONSEQUENCES OF TRANSFER. (a) In the event of any Transfer permitted under this Article V, the Transferor and the Membership Interest that is the subject of such Transfer shall remain subject to all of the terms and provisions of this Agreement, and the Transferee shall hold such Membership Interest subject to all unperformed obligations of the Transferor and shall agree in writing to the foregoing if requested to do so by the Member. Any successor or Transferee hereunder shall be subject to and bound by all the terms and provisions of this Agreement as if a Member originally a party to this Agreement.
(b) Unless a Transferee becomes a Substituted Member, such Transferee shall have no right to obtain or require any information concerning, or any account of, Company transactions, or to inspect the Company’s books, or to vote on Company matters. Such a Transfer shall entitle the Transferee only to receive the share of distributions, income and losses to which the transferring Member otherwise would be entitled.
(c) Each Member agrees that such Transferee Member will, upon request of the Board of Managers, execute such certificates or other documents and perform such other acts as the Board of Managers may deem necessary or advisable after a Transfer of all or part of that Member’s Membership Interest (whether or not the Transferee becomes a Substituted Member) to preserve the limited liability of the Members under the laws of the jurisdictions in which the Company is doing business.
(d) Neither the Transfer of a Membership Interest nor the admission of a Substituted Member shall be cause for dissolution of the Company.
(e) Any Transferee pursuant to the provisions of this Article V shall succeed to the Capital Account so Transferred to such Person.
CONSEQUENCES OF TRANSFER. From the effective date of the transfer, the transferee bank shall officially become a lender, and within the scope of the subject matter of the transfer listed in the transfer certificate:
1. The transferring bank shall no longer enjoy and assume all rights and obligations related to the subject matter of the transfer under this Contract; and
2. The transferee bank shall enjoy and assume all rights and obligations related to the subject matter of the transfer under this Contract.
CONSEQUENCES OF TRANSFER. From the effective date of the transfer, the Transferee officially becomes a Lender, and within the scope of the transferred object listed in the Transfer Certificate:
1. The Transferor no longer enjoys any rights or undertakes any obligations in respect of the transferred object under this Contract; and
2. The Transferee will enjoy all rights and bear all obligations in respect of the transferred object under this Contract.
