Common use of Limitation of responsibility of Existing Lenders Clause in Contracts

Limitation of responsibility of Existing Lenders. This Agreement acts as notice to the Agent (on behalf of each Finance Party) and, upon delivery in accordance with Clause 24.6 (Copy of Transfer Certificate or Assignment Agreement to Borrower), to the Borrower (on behalf of each Security Party) of the assignment referred to in this Agreement.

Appears in 4 contracts

Samples: Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC)

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Limitation of responsibility of Existing Lenders. This Assignment Agreement acts as notice to the Agent (on behalf of each Finance Party) and, upon delivery in accordance with Clause 24.6 24.7 (Copy of Transfer Certificate or Assignment Agreement to Borrower), to the Borrower (on behalf of each Security PartyObligor) of the assignment referred to in this Assignment Agreement.

Appears in 2 contracts

Samples: Subordinated Facility Agreement (Diana Containerships Inc.), Subordinated Facility Agreement (Diana Shipping Inc.)

Limitation of responsibility of Existing Lenders. This Assignment Agreement acts as notice to the Facility Agent (on behalf of each Finance Party) and, upon delivery in accordance with Clause 24.6 27.7 (Copy of Transfer Certificate or Assignment Agreement to Borrower), to the Borrower (on behalf of each Security PartyTransaction Obligor) of the assignment referred to in this Assignment Agreement.

Appears in 1 contract

Samples: Facility Agreement (Scorpio Tankers Inc.)

Limitation of responsibility of Existing Lenders. This Assignment Agreement acts as notice to the Facility Agent (on behalf of each Finance Party) and, upon delivery in accordance with Clause 24.6 23.7 (Copy of Transfer Certificate or Assignment Agreement to Borrower), to the Borrower (on behalf of each Security Party) of the assignment referred to in this Agreement.

Appears in 1 contract

Samples: Facility Agreement (First Solar, Inc.)

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Limitation of responsibility of Existing Lenders. This Agreement acts as notice to the Agent (on behalf of each Finance Party) and, upon delivery in accordance with Clause 24.6 24.7 (Copy of Transfer Certificate or Assignment Agreement to BorrowerBorrowers), to the Borrower Borrowers (on behalf of each Security Party) of the assignment referred to in this Agreement.

Appears in 1 contract

Samples: Secured Loan Facility Agreement (Diana Containerships Inc.)

Limitation of responsibility of Existing Lenders. This Assignment Agreement acts as notice to the Facility Agent (on behalf of each Finance Party) and, upon delivery in accordance with Clause 24.6 22.7 (Copy of Transfer Certificate or Assignment Agreement to Borrower), to the Borrower (on behalf of each Security Party) of the assignment referred to in this Agreement.

Appears in 1 contract

Samples: Term Loan Facility (DryShips Inc.)

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