Common use of On the Transfer Date Clause in Contracts

On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Documents each of the Obligors and the Existing Lender shall be released from further obligations towards one another under the Security Documents and their respective rights against one another under the Security Documents shall be cancelled (being the “Discharged Rights and Obligations”);

Appears in 10 contracts

Samples: Loan Agreement (NCL CORP Ltd.), Loan Agreement (NCL CORP Ltd.), Loan Agreement (NCL CORP Ltd.)

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On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights rights, benefits and obligations under the Finance Documents and in respect of the Transaction Security Documents each of the Obligors and the Existing Lender shall be released from further obligations towards one another under the Finance Documents and in respect of the Transaction Security Documents and their respective rights against one another under the Finance Documents and in respect of the Transaction Security Documents shall be cancelled (being the Discharged Rights and Obligations);

Appears in 3 contracts

Samples: Assignment Agreement (Enstar Group LTD), Assignment Agreement (Enstar Group LTD), Assignment Agreement (Enstar Group LTD)

On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Finance Documents each of the Obligors Borrower and each Guarantor and the Existing Lender shall be released from further obligations towards one another under the Security Finance Documents and their respective rights against one another under the Security Documents shall be cancelled (being the "Discharged Rights and Obligations");

Appears in 3 contracts

Samples: Fourth Supplemental Agreement (TORM PLC), Fourth Supplemental Agreement (TORM PLC), Fourth Supplemental Agreement (TORM PLC)

On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Finance Documents each of the Obligors and the Existing Lender shall be released from further obligations towards one another under the Security Finance Documents and their respective rights against one another under the Security Documents shall be cancelled (being the “Discharged Rights and Obligations”"DISCHARGED RIGHTS AND OBLIGATIONS");

Appears in 3 contracts

Samples: Mezzanine Bridge Facility Agreement (Aramex International LTD), Facilities Agreement (Inveresk Research Group Inc), Facilities Agreement (Inveresk Research Group LTD)

On the Transfer Date. (a) to To the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Finance Documents each of the Obligors Borrower and the Existing Lender shall be released from further obligations towards one another under the Security Finance Documents and their respective rights against one another under the Security Documents shall be cancelled (being the “Discharged Rights and Obligations”"DISCHARGED RIGHTS AND OBLIGATIONS");

Appears in 2 contracts

Samples: Credit Agreement (Corporate Property Associates 16 Global Inc), Credit Agreement (Corporate Property Associates 16 Global Inc)

On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Finance Documents each of the Obligors Borrower and the Guarantor and the Existing Lender shall be released from further obligations towards one another under the Security Finance Documents and their respective rights against one another under the Security Documents shall be cancelled (being the “Discharged Rights and Obligations”);

Appears in 2 contracts

Samples: Loan Agreement, Facility Agreement (HC2 Holdings, Inc.)

On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Finance Documents each and in respect of the Obligors Transaction Security each Borrower and each other Obligor and the Existing Lender shall be released from further obligations towards one another under the Finance Documents and in respect of the Transaction Security Documents and their respective rights against one another under the Finance Documents and in respect of the Transaction Security Documents shall be cancelled (being the Discharged Rights and Obligations);

Appears in 2 contracts

Samples: Facilities Agreement (MiX Telematics LTD), Facilities Agreement (PowerFleet, Inc.)

On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Finance Documents each and in respect of the Obligors Transaction Security the Borrower and the Existing Lender shall be released from further obligations towards one another under the Finance Documents and in respect of the Transaction Security Documents and their respective rights against one another under the Security Documents shall be cancelled (being the “Discharged Discharge Rights and Obligations”);

Appears in 2 contracts

Samples: Agreement (HCC Insurance Holdings Inc/De/), HCC Insurance Holdings Inc/De/

On the Transfer Date. (ai) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Finance Documents each of the Obligors and the Existing Lender shall be released from further obligations towards one another under the Security Finance Documents and their respective rights against one another under the Security Finance Documents shall be cancelled (being the “Discharged Rights and Obligations”);

Appears in 2 contracts

Samples: Term Facility Agreement (Luxottica Group Spa), Bridge Facility Agreement (Luxottica Group Spa)

On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Documents each of the Obligors Borrower and the Existing Lender shall be released from further obligations towards one another under the Security Documents and their respective rights against one another under the Security Documents shall be cancelled (being the “Discharged Rights and Obligations”);

Appears in 2 contracts

Samples: Facility Agreement (NCL CORP Ltd.), Original Facility Agreement (NCL CORP Ltd.)

On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Finance Documents each of the Obligors and the Existing Lender shall be released from further obligations towards one another under the Security Finance Documents and their respective rights against one another under the Security Finance Documents shall be cancelled (being the "Discharged Rights and Obligations");

Appears in 2 contracts

Samples: Agreement (Shire PLC), Facilities Agreement (Shire PLC)

On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Finance Documents each and in respect of the Obligors Transaction Security the Borrower and the Existing Lender shall be released from further obligations towards one another under the Finance Documents and in respect of the Transaction Security Documents and their respective rights against one another under the Finance Documents and in respect of the Transaction Security Documents shall be cancelled (being the "Discharged Rights and Obligations");

Appears in 2 contracts

Samples: www.lw.com, www.lw.com

On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Finance Documents each of the Obligors and the Existing Lender shall be released from further obligations towards one another under the Security Finance Documents and their respective rights against one another under the Security Finance Documents shall be cancelled (being the “Discharged Rights and Obligations”);

Appears in 2 contracts

Samples: Facilities Agreement (Shire Ltd.), Agreement (Shuttle Corp)

On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Finance Documents each and in respect of the Obligors Transaction Security the Borrower and the Existing Lender shall be released from further obligations towards one another under the Finance Documents and in respect of the Transaction Security Documents and their respective rights against one another under the Finance Documents and in respect of the Transaction Security Documents shall be cancelled (being the “Discharged Rights and Obligations”);

Appears in 2 contracts

Samples: Facility Agreement (Hoegh LNG Partners LP), Facility Agreement (Hoegh LNG Partners LP)

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On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Documents Finance Documents, each of the Obligors Obligor and the Existing Lender shall be released from further obligations towards one another under the Security such Finance Documents and their respective rights against one another under the Security such Finance Documents shall be cancelled (being the Discharged Rights and Obligations);

Appears in 1 contract

Samples: Agreement (SSR Mining Inc.)

On the Transfer Date. (a) 1.2.1 to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Finance Documents each of the Obligors and the Existing Lender shall be released from further obligations towards one another under the Security Finance Documents and their respective rights against one another under the Security Documents shall be cancelled (being the “Discharged Rights and Obligations”"DISCHARGED RIGHTS AND OBLIGATIONS");

Appears in 1 contract

Samples: Misys PLC

On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Documents this Agreement, each of the Obligors and the Existing Lender shall be released from further obligations towards one another under the Security Documents this Agreement and their respective rights against one another under the Security Documents this Agreement shall be cancelled (being the “Discharged Rights and Obligations”"DISCHARGED RIGHTS AND OBLIGATIONS");

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings Inc.)

On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Finance Documents and in respect of the Transaction Security Documents each of the Obligors and the Existing Lender shall be released from further obligations towards one another under the Finance Documents and in respect of the Transaction Security Documents and their respective rights against one another under the Finance Documents and in respect of the Transaction Security Documents shall be cancelled (being the “Discharged Rights and Obligations”);

Appears in 1 contract

Samples: Facility Agreement (Edgen Murray PLC)

On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Financing Documents each of the Obligors and the Existing Lender shall be released from further obligations towards one another under the Security Financing Documents and their respective rights against one another under the Security Documents shall be cancelled (being the "Discharged Rights and Obligations");

Appears in 1 contract

Samples: Agreement (WPP Group PLC)

On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Facility Documents each of the Obligors and the Existing Lender shall be released from further obligations towards one another under the Security Facility Documents and their respective rights against one another under the Security Facility Documents shall be cancelled (being the Discharged Rights and Obligations);

Appears in 1 contract

Samples: Agreement (Genesis Lease LTD)

On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Financing Documents each of the Obligors and the Existing Lender shall be released from further obligations towards one another under the Security Financing Documents and their respective rights against one another under the Security Documents shall be cancelled (being the “Discharged Rights and Obligations”);

Appears in 1 contract

Samples: [Secretary] (WPP Group PLC)

On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Documents each of the Obligors Borrower and the Existing Lender shall be released from further obligations towards one another under the Security Documents and their respective rights against one another under the Security Documents shall be cancelled (being the “Discharged Rights and Obligations”"DISCHARGED RIGHTS AND OBLIGATIONS");

Appears in 1 contract

Samples: Facility Agreement (NCL CORP Ltd.)

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