Common use of Lender re-organisation; waiver of Transfer Certificate Clause in Contracts

Lender re-organisation; waiver of Transfer Certificate. However, if a Lender enters into any merger, de-merger or other reorganisation as a result of which all its rights or obligations vest in another person (the “successor”), the Agent may, if it sees fit, by notice to the successor and the Borrowers and the Security Trustee waive the need for the execution and delivery of a Transfer Certificate; and, upon service of the Agent’s notice, the successor shall become a Lender with the same Commitment and Contribution as were held by the predecessor Lender.

Appears in 24 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Partners L.P.)

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Lender re-organisation; waiver of Transfer Certificate. However, if a Lender enters into any merger, de-merger or other reorganisation as a result of which all its rights or obligations vest in another person (the "successor"), the Agent may, if it sees fit, by notice to the successor and the Borrowers and the Security Trustee waive the need for the execution and delivery of a Transfer Certificate; and, upon service of the Agent’s 's notice, the successor shall become a Lender with the same Commitment and Contribution as were held by the predecessor Lender.

Appears in 18 contracts

Samples: Loan Agreement, Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Diana Shipping Inc.)

Lender re-organisation; waiver of Transfer Certificate. However, if a Lender enters into any merger, de-merger or other reorganisation as a result of which all its rights or obligations vest in another person (the “successor”), the Agent may, if it sees fit, by notice to the successor and the Borrowers Borrower and the Security Trustee waive the need for the execution and delivery of a Transfer Certificate; and, upon service of the Agent’s notice, the successor shall become a Lender with the same Commitment and Contribution as were held by the predecessor Lender.

Appears in 16 contracts

Samples: Loan Agreement (Navios Maritime Containers Inc.), Execution Version (Navios Maritime Containers Inc.), Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Lender re-organisation; waiver of Transfer Certificate. However, if a Lender enters into any merger, de-merger or other reorganisation as a result of which all its rights or obligations vest in another person (the “a successor”), the Agent may, if it sees fit, by notice to the successor and the Borrowers Borrower and the Security Trustee waive the need for the execution and delivery of a Transfer Certificate; and, upon service of the Agent’s notice, the successor shall become a Lender with the same Commitment and Contribution as were held by the predecessor Lender.

Appears in 8 contracts

Samples: Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (GasLog Ltd.), Loan Agreement (GasLog Ltd.)

Lender re-organisation; waiver of Transfer Certificate. However, if a Lender enters into any merger, de-merger or other reorganisation as a result of which all its rights or obligations vest in another person (the "successor"), the Agent may, if it sees fit, by notice to the successor and the Borrowers Borrower and the Security Trustee waive the need for the execution and delivery of a Transfer Certificate; and, upon service of the Agent’s 's notice, the successor shall become a Lender with the same Commitment and Contribution as were held by the predecessor Lender.

Appears in 6 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Diana Shipping Inc.)

Lender re-organisation; waiver of Transfer Certificate. However, if If a Lender enters into any merger, de-merger or other reorganisation as a result of which all its rights or obligations vest in another person (the “a successor”), the Agent may, if it sees fit, by notice to the successor and the Borrowers Borrower and the Security Trustee waive the need for the execution and delivery of a Transfer Certificate; and, upon service of the Agent’s notice, the successor shall become a Lender with the same Commitment and Contribution as were held by the predecessor Lender.

Appears in 4 contracts

Samples: Loan Agreement (DryShips Inc.), Loan and Guarantee Facility Agreement (DryShips Inc.), Loan Agreement (Tsakos Energy Navigation LTD)

Lender re-organisation; waiver of Transfer Certificate. However, if a Lender enters into any merger, de-merger or other reorganisation as a result of which all its rights or obligations vest in another person (the “successor”), the Facility Agent may, if it sees fit, by notice to the successor and the Borrowers Borrower and the Security Trustee waive the need for the execution and delivery of a Transfer Certificate; and, upon service of the Facility Agent’s notice, the successor shall become a Lender with the same Commitment and Contribution as were held by the predecessor Lender.

Appears in 3 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

Lender re-organisation; waiver of Transfer Certificate. However, if If a Lender enters into any merger, de-merger or other reorganisation as a result of which all its rights or obligations vest in another person (the “a successor”), the Agent may, if it sees fit, by notice to the successor and the Borrowers Borrower and the Security Trustee waive the need for the execution and delivery of a Transfer Certificate; and, upon service of the Agent’s 's notice, the successor shall become a Lender with the same Commitment and Contribution as were held by the predecessor Lender.

Appears in 2 contracts

Samples: Loan Agreement, Amending and Restating Agreement (Golar LNG Partners LP)

Lender re-organisation; waiver of Transfer Certificate. However, if a Lender enters into any merger, de-merger or other reorganisation as a result of which all its rights or obligations vest in another person (the “a successor”), the Agent may, if it sees fit, by notice to the successor and the Borrowers and the Security Trustee waive the need for the execution and delivery of a Transfer Certificate; and, upon service of the Agent’s 's notice, the successor shall become a Lender with the same Commitment and Contribution as were held by the predecessor Lender.

Appears in 2 contracts

Samples: Agreement (Scorpio Bulkers Inc.), Agreement (Scorpio Tankers Inc.)

Lender re-organisation; waiver of Transfer Certificate. However, if a Lender enters into any merger, de-merger or other reorganisation as a result of which all its rights or obligations vest in another person (the “successor”), the Agent may, if it sees fit, by notice to the successor and the Borrowers Borrower and the Security Trustee waive the need for the execution and delivery of a Transfer Certificate; and, upon service of the Agent’s 's notice, the successor shall become a Lender with the same Commitment and Contribution as were held by the predecessor Lender.

Appears in 2 contracts

Samples: Loan Agreement (Crude Carriers Corp.), Loan Agreement (Paragon Shipping Inc.)

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Lender re-organisation; waiver of Transfer Certificate. However, if a Lender enters into any merger, de-merger or other reorganisation as a result of which all its rights or obligations vest in another person (the “a successor”), the Agent may, if it sees fit, by notice to the successor and the Borrowers Borrower and the Security Trustee waive the need for the execution and delivery of a Transfer Certificate; and, upon service of the Agent’s 's notice, the successor shall become a Lender with the same Commitment and Contribution as were held by the predecessor Lender.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Lender re-organisation; waiver of Transfer Certificate. However, if a Lender enters into any merger, de-merger or other reorganisation as a result of which all its rights or obligations vest in another person (the “successor”), the Agent may, if it sees fit, by notice to the successor and the Borrowers Borrower and the Security Trustee waive the need for the execution and delivery of a Transfer Certificate; and, upon service of the Agent’s notice, the successor shall become a Lender with the same Commitment and Term Commitment, Newbuilding Commitment, Term Contribution or Newbuilding Contribution as were held by the predecessor Lender.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Lender re-organisation; waiver of Transfer Certificate. 26.6 However, if a Lender enters into any merger, de-merger or other reorganisation as a result of which all its rights or obligations vest in another person (the "successor"), the Agent may, if it sees fit, by notice to the successor and the Borrowers and the Security Trustee waive the need for the execution and delivery of a Transfer Certificate; and, upon service of the Agent’s 's notice, the successor shall become a Lender with the same Commitment and Contribution as were held by the predecessor Lender.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Lender re-organisation; waiver of Transfer Certificate. However, if If a Lender enters into any merger, de-merger or other reorganisation as a result of which all its rights or obligations vest in another person (the “a successor”), the Agent may, if it sees fit, by notice to the successor and the Borrowers and the Security Trustee Borrower waive the need for the execution and delivery of a Transfer Certificate; and, upon service of the Agent’s notice, the successor shall become a Lender with the same Commitment and Contribution as were held by the predecessor Lender.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Lender re-organisation; waiver of Transfer Certificate. However, if a Lender enters into any merger, de-merger or other reorganisation as a result of which all its rights or obligations vest in another person (the “successor”"SUCCESSOR"), the Agent may, if it sees fit, by notice to the successor and the Borrowers and the Security Trustee waive the need for the execution and delivery of a Transfer Certificate; and, upon service of the Agent’s 's notice, the successor shall become a Lender with the same Commitment and Contribution as were held by the predecessor Lender.

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings Inc.)

Lender re-organisation; waiver of Transfer Certificate. However, if a Lender enters into any merger, de-merger or other reorganisation as a result of which all its rights or obligations vest in another person (the “successor”), the Facility Agent may, if it sees fit, by notice to the successor and the Borrowers and the Security Trustee waive the need for the execution and delivery of a Transfer Certificate; and, upon service of the Facility Agent’s notice, the successor shall become a Lender with the same Commitment and Contribution as were held by the predecessor Lender.

Appears in 1 contract

Samples: Loan Agreement (Capital Product Partners L.P.)

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