Spanish Law Provisions Sample Clauses

Spanish Law Provisions. The Company and any Spanish Loan Parties undertake to raise (i) this Agreement and (ii) at the request of the Administrative Agent, any Loan Document entered into by a Spanish Loan Party, to the status of a Spanish Public Document before a Spanish notary public within ninety (90) Business Days from the Closing Date. Each Spanish Public Document will: (a) have the effects established under articles 517 et seq. of the Spanish Civil Procedure Law; and (b) may, at the decision of the Administrative Agent, include a translation into Spanish of this Clause 17.5 (Spanish law provisions). Each party hereby expressly authorises the Administrative Agent to request and obtain from the Spanish notary public before whom any Loan Document has been formalised, any further copy of any Loan Document notarised at the cost of the requesting party.

Spanish Law Provisions. Subject to the terms of this Agreement, the obligations of each Obligor and each security provider will continue in full force and effect following any novation under this Clause 29. A novation under this Clause 29 is a novation (novación) within the meaning of Article 1203.3º of the Spanish Civil Code. In the event of an assignment, transfer, novation or disposal of all or part of the rights and obligations by any Lender made in accordance with this Clause 29: (a) each such Lender expressly reserves the rights, powers, privileges and actions that it enjoys under any Transaction Security Document governed by Spanish law in favour of its assignees or, as the case may be, its successors, in accordance with the provisions of Article 1212 of the Spanish Civil Code; and (b) each Party expressly acknowledges and agrees that any Transaction Security Document governed by Spanish law (together with all rights and remedies arising thereunder) shall be maintained in full force and effect, and preserved for the benefit of the New Lender.