Other conditions of assignment or transfer Sample Clauses

Other conditions of assignment or transfer. (a) An assignment will only be effective on:
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Other conditions of assignment or transfer. (a) Save for an assignment or transfer made at any time when an Event of Default is continuing, an assignment or transfer of part of a Lender's participation must be in an amount such that that Xxxxxx's remaining participation (when aggregated with its Affiliates' and Related Funds' participation) in respect of Commitments or Utilisations made under the Facilities (taken together) is in a minimum amount of £5,000,000.
Other conditions of assignment or transfer. (a) Save for an assignment or transfer made at any time when an Event of Default is continuing, an assignment or transfer of the Commitment of a Subscriber and of Notes by a Subscriber must be in an amount such that the aggregate amount of Notes held by that Subscriber and the Commitments of that Subscriber (when aggregated with that of its Affiliates' and Related Funds') is together in a minimum amount of £5,000,000.
Other conditions of assignment or transfer. (a) An assignment under this Clause 25 will only be effective on:
Other conditions of assignment or transfer. (a) An assignment or transfer of part (but not, for the avoidance of doubt, the whole) of a Lender’s participation must be in an amount such that the Base Currency Amount of that Xxxxxx’s remaining participation (when aggregated with its Affiliates’ and Related Funds’ participation) in respect of Commitments or Loans made under the Term Facilities (taken together) is in a minimum amount of $1,000,000.
Other conditions of assignment or transfer. (a) A transfer will only be effective if the procedure set out in Clause 22.6 (Procedure for transfer) is complied with.
Other conditions of assignment or transfer. (a) An assignment will only be effective on: (i) receipt by the Agent (whether in the Assignment Agreement or otherwise) of written confirmation from the New Lender (in form and substance satisfactory to the Agent) that the New Lender will assume the same obligations to the other Finance Parties as it would have been under if it had been an Original Lender; and (ii) performance by the Agent of all necessary “know your customer” or other similar checks under all applicable laws and regulations in relation to such assignment to a New Lender, the completion of which the Agent shall promptly notify to the Existing Lender and the New Lender. (b) A transfer will only be effective if the procedure set out in Clause 25.6 (Procedure for Transfer) is complied with. (c) If: (i) a Lender assigns or transfers any of its rights or obligations under the Finance Documents or changes its Facility Office; and (ii) as a result of circumstances existing at the date the assignment, transfer or change occurs, an Obligor would be obliged to make a payment to the New Lender or Lender acting through its new Facility Office under Clause 15 (Tax Gross-Up and Indemnities) or Clause 16.1 (Increased Costs), then the New Lender or Lender acting through its new Facility Office is only entitled to receive payment under those Clauses to the same extent as the Existing Lender or Lender acting through its previous Facility Office would have been if the assignment, transfer or change had not occurred. This paragraph (c) shall not apply: (iii) in respect of an assignment or transfer made in the ordinary course of the primary syndication of the Facility; or
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Related to Other conditions of assignment or transfer

  • Assignment or Transfer Consultant shall not assign, hypothecate, or transfer, either directly or by operation of law, this Agreement or any interest herein without the prior written consent of the City. Any attempt to do so shall be null and void, and any assignees, hypothecates or transferees shall acquire no right or interest by reason of such attempted assignment, hypothecation or transfer.

  • Assignment or transfer fee The New Lender shall, on the date upon which an assignment or transfer takes effect, pay to the Facility Agent (for its own account) a fee of USD 2,500.

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