Procedure for transfer. Any Transfer shall be effected as follows: (a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender; (b) subject to Clause 29.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonably possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and (c) subject to Clause 29.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 4 contracts
Samples: Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement (Seadrill Partners LLC)
Procedure for transfer. Any Transfer shall be effected as follows:
(: a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender;
(; b) subject to Clause 29.2 25.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonably reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and
(and c) subject to Clause 29.2 25.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 4 contracts
Samples: Facilities Agreement (Flex LNG Ltd.), Facilities Agreement (Flex LNG Ltd.), Facilities Agreement (Flex LNG Ltd.)
Procedure for transfer. Any Transfer shall be effected as follows:
(a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender;
(b) subject to Clause 29.2 29.3 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonably possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and
(c) subject to Clause 29.2 29.3 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 3 contracts
Samples: Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement (Seadrill Partners LLC), Senior Secured Credit Facility Agreement (Seadrill Partners LLC)
Procedure for transfer. Any Transfer shall be effected as follows:
(: a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender;
(; b) subject to Clause 29.2 25.2 (Assignments and transfers by the Lenders), the Agent shall shall, subject to completion of its Applicable KYC Procedures, as soon as reasonably reasonable possible after receipt of a Transfer Certificate Certificate, execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and
(and c) subject to Clause 29.2 25.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 2 contracts
Samples: Facility Agreement (Flex LNG Ltd.), Facility Agreement (Flex LNG Ltd.)
Procedure for transfer. Any Transfer shall be effected as follows:
(a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights or rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender;
; (b) subject to Clause 29.2 25.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonably reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and
and (c) subject to Clause 29.2 25.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.. BD-#34696673-v11 75
Appears in 1 contract
Samples: Facility Agreement (Flex LNG Ltd.)
Procedure for transfer. Any Transfer shall be effected as follows:
(a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender;
(b) subject to Clause 29.2 24.1 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonably reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and
(c) subject to Clause 29.2 24.1 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Samples: Term Loan Facility Agreement (B Plus H Ocean Carriers LTD)
Procedure for transfer. Any Transfer shall be effected as follows:
(a) the Existing Lender must notify the Agent of its intention to Transfer transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender;
(b) subject to Clause 29.2 24.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonably reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and
(c) subject to Clause 29.2 24.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.Date.1
Appears in 1 contract
Samples: Multi Currency Revolving Credit Facility Agreement (Gulfmark Offshore Inc)
Procedure for transfer. Any Transfer shall be effected as follows:
(a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender;
(b) subject to Clause 29.2 24.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonably reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and
(c) subject to Clause 29.2 24.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Samples: Term Loan Agreement (Helix Energy Solutions Group Inc)
Procedure for transfer. Any Transfer shall be effected as follows:
(a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender;
(b) subject to Clause 29.2 26.3 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonably possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and
(c) subject to Clause 29.2 26.3 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Samples: Senior Secured Credit Facility Agreement (North Atlantic Drilling Ltd.)
Procedure for transfer. Any Transfer shall be effected as follows:
(a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender;
(b) subject to Clause 29.2 25.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonably reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and
(c) subject to Clause 29.2 25.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Samples: Term Loan Facility (Flex LNG Ltd.)
Procedure for transfer. Any Transfer shall be effected as follows:
(a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender;,
(b) subject to Clause 29.2 24 2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonably reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; , and
(c) subject to Clause 29.2 24 2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Samples: Revolving Credit Facility Agreement (Nordic American Tanker Shipping LTD)
Procedure for transfer. Any Transfer shall be effected as follows:
(a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender;
(b) subject to Clause 29.2 25.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonably possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and
(c) subject to Clause 29.2 25.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Procedure for transfer. Any Transfer shall be effected as follows:
(a) the Existing Lender must notify the Agent of its intention to Transfer transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender;
(b) subject to Clause 29.2 24.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonably reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and
(c) subject to Clause 29.2 24.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Facility Agreement (Gulfmark Offshore Inc)
Procedure for transfer. Any Transfer shall be effected as follows:
(a) the Existing Lender must notify the Agent of its intention to Transfer transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender;
(b) subject to Clause 29.2 24.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonably reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and
(c) subject to Clause 29.2 24.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Samples: Multi Currency Revolving Credit Facility Agreement (Gulfmark Offshore Inc)
Procedure for transfer. Any Transfer shall be effected as follows:
(a) the Existing Lender must notify the Agent of its intention to Transfer transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender;
(b) subject to Clause 29.2 23.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonably reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and
(c) subject to Clause 29.2 23.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Samples: Long Term Facility Agreement (General Geophysics Co)
Procedure for transfer. Any Transfer shall be effected as follows:
(a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender;
(b) subject to Clause 29.2 28.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonably possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and
(c) subject to Clause 29.2 28.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Samples: Senior Secured Credit Facility Agreement (Ocean Rig UDW Inc.)
Procedure for transfer. Any Transfer shall be effected as follows:
(a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender;
(b) subject to Clause 29.2 26.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonably possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and
(c) subject to Clause 29.2 26.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Samples: Term Loan and Revolving Credit Facilities Agreement (Seadrill Partners LLC)
