Common use of Procedure for assignment Clause in Contracts

Procedure for assignment. (a) Subject to the condition set out in paragraph (b) of Clause 22.2 (Transfers by Interim Lenders), an assignment may be effected in accordance with paragraph (c) below when the Interim Facility Agent executes an otherwise duly completed Assignment Agreement delivered to it by the Existing Interim Lender and the New Interim Lender. The Interim Facility Agent shall, subject to paragraph (b) below, as soon as reasonably practicable after receipt by it of a duly completed Assignment Agreement appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment Agreement.

Appears in 2 contracts

Samples: Facilities Agreement, Interim Facilities Agreement (Quanex Building Products CORP)

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Procedure for assignment. (a) Subject to the condition conditions set out in paragraph Clause 21.2 (b) Conditions of Clause 22.2 (Transfers by Interim Lendersassignment or transfer), an assignment may be effected in accordance with paragraph (c) below when the Interim Facility Agent executes an otherwise duly completed Assignment Agreement delivered to it by the Existing Interim Lender and the New Interim Lender. The Interim Facility Agent shall, subject to paragraph (b) below, as soon as reasonably practicable after receipt by it of a duly completed Assignment Agreement appearing on its face to comply with the terms of this Agreement letter and delivered in accordance with the terms of this Agreementletter, execute that Assignment Agreement.

Appears in 1 contract

Samples: Credit Agreement (Platform Specialty Products Corp)

Procedure for assignment. (a) Subject to the condition set out in paragraph (ba) of Clause 22.2 23.2 (Transfers by Interim Lenders), an assignment may be effected in accordance with paragraph (c) below when the Interim Facility Facilities Agent executes an otherwise duly completed Assignment Agreement delivered to it by the Existing Interim Lender and the New Interim Lender. The Interim Facility Facilities Agent shall, subject to paragraph (b) below, as soon as reasonably practicable after receipt by it of a duly completed Assignment Agreement appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment Agreement.

Appears in 1 contract

Samples: Interim Facilities Agreement

Procedure for assignment. (a) Subject to the condition set out in paragraph (b) of Clause 22.2 24.2 (Transfers by Interim Lenders), an assignment may be effected in accordance with paragraph (c) below when the Interim Facility Agent executes an otherwise duly completed Assignment Agreement delivered to it by the Existing Interim Lender and the New Interim Lender. The Interim Facility Agent shall, subject to paragraph (b) below, as soon as reasonably practicable after receipt by it of a duly completed Assignment Agreement appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment Agreement.

Appears in 1 contract

Samples: Interim Facilities Agreement (Atlas Investissement)

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Procedure for assignment. (a) Subject to the condition conditions set out in paragraph (b) of Clause 22.2 (Transfers by Interim LendersConditions of assignment or transfer), an assignment may be effected in accordance with paragraph (cb) below when the Interim Facility Agent executes and the Security Agent execute an otherwise duly completed Assignment Agreement delivered to it them by the Existing Interim Lender and the New Interim Lender. The Interim Facility Agent and the Security Agent shall, subject to paragraph (bd)(ii) below, as soon as reasonably practicable after receipt by it them of a duly completed Assignment Agreement appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment Agreement.

Appears in 1 contract

Samples: Facility Agreement (Golden Meditech Holdings LTD)

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