Legal Authority and Financial Ability. The transferee shall provide to the remaining Lender evidence satisfactory to the remaining Lender that the proposed transferee has the financial ability and legal authority to assume and perform all obligations of the transferring Lender under this Agreement and the applicable Loan Agreement.
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Samples: Loan and Security Agreement (Corsair Communications Inc), Loan and Security Agreement (Corsair Communications Inc)
Legal Authority and Financial Ability. The transferee shall provide to the remaining each other Lender evidence satisfactory to the remaining such Lender that the proposed transferee has the financial ability and legal authority to assume and perform all obligations of the transferring Lender under this Agreement and the applicable Loan Agreement.
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Samples: Intercreditor Agreement (Venture Lending & Leasing V, Inc.)
Legal Authority and Financial Ability. The transferee shall provide to the remaining Lender Banks and Borrower evidence satisfactory to the remaining Lender Banks and Borrower that the proposed transferee has the legal authority and financial ability and legal authority to assume and perform all obligations of the transferring Lender Bank under this Agreement and the applicable Loan AgreementDocuments.
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