Common use of Documenting transfers Clause in Contracts

Documenting transfers. If any Bank assigns all or any part of its rights or transfers all or any part of its rights, benefits and/or obligations as provided in clause 15.3, the Borrowers jointly and severally undertake with each Creditor, immediately on being requested to do so by the Agent and at the cost of the Transferor Bank, to enter into, and procure that the other Security Parties shall (at the cost of the Transferor Bank) enter into, such documents as may be necessary or desirable to transfer to the Transferee Bank all or the relevant part of such Bank’s interest in the Security Documents and all relevant references in this Agreement to such Bank shall thereafter be construed as a reference to the Transferor Bank and/or its Transferee Bank (as the case may be) to the extent of their respective interests. Any costs, fees and expenses incurred in relation to any such transfer will not in any case create any liability whatsoever on the part of the Borrowers for payment of the same whether under the Security Documents or otherwise.

Documenting transfers. If any Bank Lender assigns all or any part of its rights or transfers all or any part of its rights, benefits and/or obligations as provided in clause 15.3, the Borrowers jointly and severally undertake with each Creditorundertake, immediately on being requested to do so by the Agent and at the cost of the Transferor BankLender, to enter into, and procure that the other Security Parties shall (at the cost of the Transferor BankLender) enter into, such documents as may be necessary or desirable to transfer to the Transferee Bank Lender all or the relevant part of such Bank’s Lender's interest in the Security Documents and all relevant references in this Agreement to such Bank Lender shall thereafter be construed as a reference to the Transferor Bank Lender and/or its Transferee Bank Lender (as the case may be) to the extent of their respective interests. Any costs, fees and expenses incurred in relation to any such transfer will not in any case create any liability whatsoever on the part of the Borrowers for payment of the same whether under the Security Documents or otherwise.