Common use of Limitation on Assignments Clause in Contracts

Limitation on Assignments. Notwithstanding Section 10.06, an assignment will only be effective on performance by the Administrative Agent of all “know your customer” or other checks that is required to carry out with respect to any Person in connection with such assignment, the completion of which the Administrative Agent shall promptly notify to the assigning Lender and the applicable Assignee.

Appears in 2 contracts

Samples: Credit Agreement (Sothebys Holdings Inc), Credit Agreement (Sothebys Holdings Inc)

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Limitation on Assignments. Notwithstanding Section 10.0611.6, an assignment will only be effective on performance by the Administrative Agent of all “know your customer” or other checks relating to any Person that it is required to carry out with respect in relation to any Person in connection with such assignment, the completion of which the Administrative Agent shall promptly notify to the assigning Lender and the applicable Assigneeassignee.

Appears in 2 contracts

Samples: Linked Revolving Credit Agreement (Vesta Real Estate Corporation, S.A.B. De C.V.), Linked Revolving Credit Agreement (Vesta Real Estate Corporation, S.A.B. De C.V.)

Limitation on Assignments. Notwithstanding Section 10.0611.6, an assignment hereunder will only be effective on performance by the Administrative Agent of all “know your customer” or other checks relating to any Person that it is required to carry out with respect in relation to any Person in connection with such assignment, the completion of which the Administrative Agent shall promptly notify to the assigning Lender and the applicable AssigneeQualified Institution.

Appears in 2 contracts

Samples: Senior Term Loan Agreement (Prologis, L.P.), Senior Term Loan Agreement (Prologis, L.P.)

Limitation on Assignments. Notwithstanding Section 10.0614.6, an assignment hereunder will only be effective on performance by the Administrative Agent of all “know your customer” or other checks relating to any Person that it is required to carry out with respect in relation to any Person in connection with such assignment, the completion of which the Administrative Agent shall promptly notify to the assigning Lender and the applicable AssigneeQualified Institution.

Appears in 1 contract

Samples: Senior Term Loan Agreement (Prologis, L.P.)

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Limitation on Assignments. Notwithstanding Section 10.0614.6, an assignment hereunder will only be effective on performance by the Administrative Agent of all “know your customer” or other checks relating to any Person that it is required to carry out with respect in 127 16257277_9 relation to any Person in connection with such assignment, the completion of which the Administrative Agent shall promptly notify to the assigning Lender and the applicable AssigneeQualified Institution.

Appears in 1 contract

Samples: Senior Term Loan Agreement (Prologis, L.P.)

Limitation on Assignments. Notwithstanding Section 10.0611.6, an assignment will only be effective on performance by the Administrative Agent of all “know your customer” or other checks relating to any Person that it is required to carry out with respect in relation to any Person in connection with such assignment, the completion of which the Administrative Agent shall promptly notify to the assigning Lender and the applicable Eligible Assignee.

Appears in 1 contract

Samples: Senior Bridge Loan Agreement (Prologis)

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