Common use of The Transferee Clause in Contracts

The Transferee. (a) confirms that it has received a copy of the Loan Agreement together with such other documents and information as it has requested in connection with this transaction; (b) confirms that it has not relied and will not rely on the Existing Lender to check or enquire on its behalf into the legality, validity, effectiveness, adequacy or completeness of any such documents or information; (c) confirms and agrees that it has not relied and will not rely on any of the Existing Lender, the Agents, or the other Lenders to assess or keep under review on its behalf the financial condition, creditworthiness, condition, affair, status or nature of the Borrower or any other party to the Security Documents, and has not relied and will not rely on any of the Existing Lender, the Agents or the other Lenders to ensure that the Borrower or any other party to the Security Documents are not in breach of or default under any of the same; (d) if not already a Lender, appoints the Agents to act as its agents as provided in the Loan Agreement and the Security Trustee Deed and agrees to be bound by the Loan Agreement (including, but not limited to, Clause 15 (Transfer)); and (e) confirms that it shall not, by virtue of the transfer effected by this Transfer Certificate or otherwise, have or acquire any right or interest in the Floor Guarantee, the entire benefit of which is and will remain vested in MC1 for its own account absolutely.

The Transferee. (a) confirms that it has received a copy of the Loan Agreement together with such other documents and information as it has requested in connection with this transaction; (b) confirms that it has not relied and will not rely on the Existing Lender to check or enquire on its behalf into the legality, validity, effectiveness, adequacy or completeness of any such documents or information; (c) confirms and agrees that it has not relied and will not rely on any of the Existing Lender, the Agents, or the other Lenders to assess or keep under review on its behalf the financial condition, creditworthiness, condition, affairaffairs, status or nature of the Borrower or any other party to the Security Documents, and has not relied and will not rely on any of the Existing Lender, the Agents Agent or the other Lenders to ensure that the Borrower or any other party to the Security Documents are not in breach of or default under any of the same;; and (d) if not already a Lender, appoints the Agents to act as its agents as provided in the Loan Agreement and the Security Trustee Deed and agrees to be bound by the Loan Agreement (including, but not limited to, Clause 15 (Transfer)); and (e) confirms that it shall not, by virtue of the transfer effected by this Transfer Certificate or otherwise, have or acquire any right or interest in the Floor Guarantee, the entire benefit of which is and will remain vested in MC1 for its own account absolutely.

The Transferee. (a) confirms that it has received a copy of the Loan Agreement together with such other documents and information as it has requested in connection with this transaction; (b) confirms that it has not relied and will not rely on the Existing Lender to check or enquire on its behalf into the legality, validity, effectiveness, adequacy or completeness of any such documents or information; (c) confirms and agrees that it has not relied and will not rely on any of the Existing Lender, the Agents, or the other Lenders to assess or keep under review on its behalf the financial condition, creditworthiness, condition, affair, status or nature of the Borrower or any other party to the Security Documents, and has not relied and will not rely on any of the Existing Lender, the Agents or the other Lenders to ensure that the Borrower or any other party to the Security Documents are not in breach of or default under any of the same; (d) if not already a Lender, appoints the Agents to act as its agents as provided in the Loan Agreement and the Security Trustee Trust Deed and agrees to be bound by the Loan Agreement (including, but not limited to, Clause 15 (Transfer)); and (e) confirms that it shall not, by virtue of the transfer effected by this Transfer Certificate or otherwise, have or acquire any right or interest in the Floor Guarantee, the entire benefit of which is and will remain vested in MC1 for its own account absolutely.

The Transferee. (a) confirms that it has received a copy of the Loan Agreement together with such other documents and information as it has requested in connection with this transaction; (b) confirms that it has not relied and will not rely on the Existing Lender to check or enquire on its behalf into the legality, validity, effectiveness, adequacy or completeness of any such documents or information; (c) confirms and agrees that it has not relied and will not rely on any of the Existing Lender, the Agents, or the other Lenders to assess or keep under review on its behalf the financial condition, creditworthiness, condition, affairaffairs, status or nature of the Borrower or any other party to the Security Documents, and has not relied and will not rely on any of the Existing Lender, the Agents Agent or the other Lenders to ensure that the Borrower or any other party to the Security Documents are not in breach of or default under any of the same;; and (d) if not already a Lender, appoints the Agents to act as its agents as provided in the Loan Agreement and the Security Trustee Deed and agrees to be bound by the Loan Agreement (including, but not limited to, Clause 15 19 (Transfer)); and (e) confirms that it shall not, by virtue of the transfer effected by this Transfer Certificate or otherwise, have or acquire any right or interest in the Floor Guarantee, the entire benefit of which is and will remain vested in MC1 for its own account absolutely.