Common use of Reliance on Transfer Certificate Clause in Contracts

Reliance on Transfer Certificate. (A) The Facility Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to any of the Security Documents for the consequences of such reliance. (i) The Facility Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions, Percentages and administrative details (including the Lending Branch) from time to time of each Lender holding Transfer Certificates and the date at which the transfer referred to in such Transfer Certificate held by each Lender was transferred to such Lender, and the Facility Agent shall make the said register available for inspection by any Bank and the Borrower during normal banking hours upon receipt by the Facility Agent of reasonable prior notice requesting the Facility Agent to do so. (ii) The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Lenders and the Commitments, the Contributions, the Percentages and the Transfer Certificates held by the Lenders from time to time and the principal amounts of such Transfer Certificates and may be relied upon by each of the parties hereto for all purposes in connection with the Security Documents.

Appears in 3 contracts

Samples: Third Supplemental Agreement to the Usd600,000,000 Reducing and Revolving Credit Loan Facility (Smedvig Asa), Credit Loan Facility Agreement (Smedvig Asa), Loan Agreement (Smedvig Asa)

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Reliance on Transfer Certificate. (A) The Facility Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to any of this Agreement and the Security Documents for the consequences of such reliance. (i) The Facility Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions, Percentages and administrative details (including the Lending Branchlending office) from time to time of each Lender Bank holding Transfer Certificates and the date at which the transfer referred to in such Transfer Certificate held by each Lender Bank was transferred to such LenderBank, and the Facility Agent shall make the said register available for inspection by any Bank Bank, the Security Agent, the Issuing Banks, the Standby Lender, the Borrowers and the Borrower Stena AB during normal banking hours upon receipt by the Facility Agent of reasonable prior notice requesting the Facility Agent to do so. (ii) The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Lenders and the Commitments, the Contributions, the Percentages and the Transfer Certificates held by the Lenders Banks from time to time and the principal amounts of such Transfer Certificates and may be relied upon by each of the parties hereto Agent, the Security Agent and the other Security Parties for all purposes in connection with this Agreement and the Security Documents.

Appears in 2 contracts

Samples: Loan Agreement (Stena Ab), Loan Agreement (Stena Ab)

Reliance on Transfer Certificate. (A) 15.4.1 The Facility Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to any of this Agreement and the Security Documents for the consequences of such reliance. (i) 15.4.2 The Facility Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributionsor, Percentages as the case may be, Contributions and administrative details (including the Lending Branchlending office) from time to time of each Lender Bank holding Transfer Certificates and the date at which the transfer referred to in such Transfer Certificate held by each Lender Bank was transferred to such LenderBank, and the Facility Agent shall make the said register available for inspection by any Bank Bank, the Security Agent and the Borrower during normal banking hours upon receipt by the Facility Agent of reasonable prior notice requesting the Facility Agent to do so. (ii) 15.4.3 The entries on the said register shall, in the absence of manifest error, be conclusive prima facie evidence in determining the identities of the Lenders and Commitments or, as the Commitmentscase may be, the Contributions, the Percentages Contributions and the Transfer Certificates held by the Lenders Banks from time to time and the principal amounts of such Transfer Certificates and may be relied upon by each of the parties hereto Facility Agent, the Security Agent and the other Security Parties for all purposes in connection with this Agreement and the Security Documents.

Appears in 1 contract

Samples: Facility Agreement (Golar LNG LTD)

Reliance on Transfer Certificate. (Aa) The Facility Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to any of this Agreement and the Security Documents for the consequences of such reliance. (ib) The Facility Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributionsor, Percentages as the case may be, Outstandings and administrative details (including the Lending Branchlending office) from time to time of each Lender holding Transfer Certificates and the date at which the transfer referred to in such Transfer Certificate held by each Lender was transferred to such Lender, and the Facility Agent shall make the said register available for inspection by any Bank Lender, the Security Trustee and the Borrower Borrowers during normal banking hours upon receipt by the Facility Agent of reasonable prior notice requesting the Facility Agent to do so. (iic) The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Lenders and Commitments or, as the Commitmentscase may be, the Contributions, the Percentages Outstandings and the Transfer Certificates held by the Lenders from time to time and the principal amounts of such Transfer Certificates and may be relied upon by each of the parties hereto Facility Agent, the Security Trustee and the other Security Parties for all purposes in connection with this Agreement and the Security Documents.

Appears in 1 contract

Samples: Facility Agreement (Gulfmark Offshore Inc)

Reliance on Transfer Certificate. (A) The Facility Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to any of this Agreement and the Security Documents for the consequences of such reliance. (i) The Facility Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributions, Percentages and administrative details (including the Lending Branchlending office) from time to time of each Lender Bank holding Transfer Certificates and the date at which the transfer referred to in such Transfer Certificate held by each Lender Bank was transferred to such LenderBank, and the Facility Agent shall make the said register available for inspection by any Bank and Bank, the Security Agent, the Issuing Banks, the Standby Lender, the Borrower and Stena AB during normal banking hours upon receipt by the Facility Agent of reasonable prior notice requesting the Facility Agent to do so. (ii) The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Lenders and the Commitments, the Contributions, the Percentages and the Transfer Certificates held by the Lenders Banks from time to time and the principal amounts of such Transfer Certificates and may be relied upon by each of the parties hereto Agent, the Security Agent and the other Security Parties for all purposes in connection with this Agreement and the Security Documents.

Appears in 1 contract

Samples: Facility Agreement (Stena Ab)

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Reliance on Transfer Certificate. (A) 16.4.1 The Facility Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to any of this Agreement and the Security Documents for the consequences of such reliance. (i) 16.4.2 The Facility Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributionsor, Percentages as the case may be, Outstandings and administrative details (including the Lending Branchlending office) from time to time of each Lender holding Transfer Certificates and the date at which the transfer referred to in such Transfer Certificate held by each Lender was transferred to such Lender, and the Facility Agent shall make the said register available for inspection by any Bank Lender, the Security Trustee and the Borrower during normal banking hours upon receipt by the Facility Agent of reasonable prior notice requesting the Facility Agent to do so. (ii) 16.4.3 The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Lenders and Commitments or, as the Commitmentscase may be, the Contributions, the Percentages Outstandings and the Transfer Certificates held by the Lenders from time to time and the principal amounts of such Transfer Certificates and may be relied upon by each of the parties hereto Facility Agent, the Security Trustee and the other Security Parties for all purposes in connection with this Agreement and the Security Documents.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Facility Agreement (Gulfmark Offshore Inc)

Reliance on Transfer Certificate. (Aa) The Facility Administrative Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to any of this Agreement and the Security Documents for the consequences of such reliance. (ib) The Facility Administrative Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributionsor, Percentages as the case may be, Contributions and administrative details (including the Lending Branchlending office) from time to time of each Lender Bank holding Transfer Certificates and the date at which the transfer referred to in such Transfer Certificate held by each Lender Bank was transferred to such LenderBank, and the Facility Administrative Agent shall make the said register available for inspection by any Bank Bank, the Security Agent and the Borrower during normal banking hours upon receipt by the Facility Administrative Agent of reasonable prior notice requesting the Facility Administrative Agent to do so. (iic) The entries on the said register shall, in the absence of manifest error, be conclusive in determining the identities of the Lenders and Commitments or, as the Commitmentscase may be, the Contributions, the Percentages Contributions and the Transfer Certificates held by the Lenders Banks from time to time and the principal amounts of such Transfer Certificates and may be relied upon by each of the parties hereto Administrative Agent, the Security Agent and the other Security Parties for all purposes in connection with this Agreement and the Security Documents.

Appears in 1 contract

Samples: Loan Agreement (Golar LNG LTD)

Reliance on Transfer Certificate. (A) 15.5.1 The Facility Agent shall be entitled to rely on any Transfer Certificate believed by it to be genuine and correct and to have been presented or signed by the persons by whom it purports to have been presented or signed, and shall not be liable to any of the parties to any of this Agreement and the Security Documents for the consequences of such reliance. (i) 15.5.2 The Facility Agent shall at all times during the continuation of this Agreement maintain a register in which it shall record the name, Commitments, Contributionsor, Percentages as the case may be, Contributions and administrative details (including the Lending Branchlending office) from time to time of each Lender holding Transfer Certificates and the date at which the transfer referred to in such Transfer Certificate held by each Lender was transferred to such Lender, and the Facility Agent shall make the said register available for inspection by any Bank Lender, the Security Agent and the Borrower during normal banking hours upon receipt by the Facility Agent of reasonable prior notice requesting the Facility Agent to do so. (ii) 15.5.3 The entries on the said register shall, in the absence of manifest error, be conclusive prima facie evidence in determining the identities of the Lenders and Commitments or, as the Commitmentscase may be, the Contributions, the Percentages Contributions and the Transfer Certificates held by the Lenders from time to time and the principal amounts of such Transfer Certificates and may be relied upon by each of the parties hereto Facility Agent, the Security Agent and the other Security Parties for all purposes in connection with this Agreement and the Security Documents.

Appears in 1 contract

Samples: Loan Agreement (Golar LNG Partners LP)

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