Common use of Required Notice and Effective Date Clause in Contracts

Required Notice and Effective Date. Any Participant desiring to effect a transfer of its interest shall give written notice of each such proposed transfer to Lessee and Administrative Agent at least five (5) days prior to such proposed transfer, setting forth the name of such proposed transferee, the percentage of interest to be retained by such Participant, if any, and the date on which such transfer is proposed to become effective. All reasonable out-of-pocket costs incurred by Administrative Agent in connection with any such disposition by a Participant under this Section 6.3 shall be borne by such Participant. In the event of a transfer under this Section 6.3, any expenses incurred by the Participation Agreement transferee in connection with its review of the Operative Documents and its investigation of the transactions contemplated thereby shall be borne by such transferee or the relevant Participant, as they may determine, but shall not be considered costs and expenses which Lessee is obligated to pay or reimburse under Section 9.9.

Required Notice and Effective Date. Any Participant Lessor desiring to effect a transfer of its interest hereunder shall give written notice of each such proposed transfer to Lessee the Lessee, the Agent and Administrative Agent each other Lessor at least five ten (510) days prior to such proposed transfer, setting forth the name of such proposed transferee, the percentage of or interest to be retained by such ParticipantLessor, if any, and the date on which such transfer is proposed to become effective. All reasonable out-of-pocket costs incurred by Administrative the Agent in connection with any such disposition by a Participant Lessor under this Section 6.3 22.2 shall be borne by such ParticipantLessor. In the event of a transfer under this Section 6.322.2, any expenses incurred by the Participation Agreement transferee in connection with its review of the Operative Documents Agreements and its investigation of the transactions contemplated thereby shall be borne by such transferee or the relevant ParticipantLessor, as they may determine, but shall not be considered costs and expenses which the Lessee is obligated to pay or reimburse under Section 9.911.5 of the Participation Agreement.

Required Notice and Effective Date. Any Participant desiring to ---------------------------------- effect a transfer of its interest shall give written notice of each such proposed transfer to Lessee Lessee, Lessor and Administrative Agent at least five ten (510) days Business Days prior to such proposed transfer, setting forth the name of such proposed transferee, the percentage of or interest to be retained by such Participant, if any, and the date on which such transfer is proposed to become effective. All reasonable out-of-pocket costs incurred by Administrative Agent and Lessor in connection with any such disposition by a Participant under this Section 6.3 shall be borne by such Participant. In the event of a transfer under this Section 6.3Section, any expenses incurred by the Participation Agreement transferee in connection with its review of the Operative Documents and its investigation of the transactions contemplated thereby shall be borne by such transferee or the relevant Participant, as they may determine, but shall not be considered costs and expenses which Lessee is obligated to pay or reimburse under Section 9.9.. -----------