Common use of The Existing Lender Clause in Contracts

The Existing Lender. a. confirms that to the extent that details appear in the Schedule to this Transfer Agreement under the heading “Existing Lender’s Participation in the Loan to be transferred” such details accurately summarize the amount of its participation in the Loan (the “Participation”). b. hereby agrees with the New Lender with effect from the transfer date referred to in this Transfer Agreement and subject to i. the delivery of a duly completed and executed copy of this Transfer Agreement to the Paying Agent not later than 2 Banking Business Days before the transfer date, and ii. the satisfaction of the further conditions (if any) subject to which this Transfer Agreement is expressed to take effect, that the Existing Lender transfers in respect of the Existing Lender’s Participation in the Loan to be transferred as mentioned in the Schedule hereto and to the extent arising from and in connection with the amount to be transferred as specified in the Schedule hereto all of its rights and obligations under the Loan Agreement to the New Lender and that the New Lender assumes such rights and obligations in lieu of the Existing Lender in such a manner that the Existing Lender loses its rights as Lender under this Loan Agreement to such extent and shall to such extent be released from its obligations under this Loan (assumption of contract - Vertragsübernahme).

The Existing Lender. a. confirms that to the extent that details appear in the Schedule to this Transfer Agreement under the heading “Existing Lender’s Participation in the Loan to be transferred” such details accurately summarize the amount of its participation in the Loan (the “Participation”). b. hereby agrees with the New Lender with effect from the transfer date referred to in this Transfer Agreement and subject to to i. the delivery of a duly completed and executed copy of this Transfer Agreement to the Paying Agent not later than 2 Banking Business Days before the transfer date, and and ii. the satisfaction of the further conditions (if any) subject to which this Transfer Agreement is expressed to take effect, that the Existing Lender transfers in respect of the Existing Lender’s Participation in the Loan to be transferred as mentioned in the Schedule hereto and to the extent arising from and in connection with the amount to be transferred as specified in the Schedule hereto all of its rights and obligations under the Loan Agreement to the New Lender and that the New Lender assumes such rights and obligations in lieu of the Existing Lender in such a manner that the Existing Lender loses its rights as Lender under this Loan Agreement to such extent and shall to such extent be released from its obligations under this Loan (assumption of contract - Vertragsübernahme).