Common use of The Existing Lender Clause in Contracts

The Existing Lender. (a) hereby transfers and assigns by way of assumption of contract (Vertragsübernahme) subject to : (i) the receipt of a duly completed and executed copy of this Transfer Certificate by the Paying Agent, and [(ii) the satisfaction of the following further conditions to be fulfilled : [•] [•]] all of its contractual rights under the Loan Agreement and the Guarantee in the proportion of the aggregate principal amount shown in the Schedule to this Transfer Certificate together with all related rights and claims with economic effect from the Transfer Date (including) as specified in the Schedule to this Transfer Certificate (the "Transfer Date") to the New Lender. Future claims to interest shall only be transferred to the extent they fall on or after the Transfer Date. (b) confirms that to the extent that details appear in the Schedule to this Transfer Certificate 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").