Transfer a mandate to another debtor Sample Clauses

Transfer a mandate to another debtor. If you want to transfer a mandate to another person, then you have to terminate the mandate and the new debtor needs to create a new mandate, unless Vestjysk Bank ensures consent and sufficient do- cumentation for the transfer from you to the new debtor. Thereby the bank can complete the transfer of mandate. The provision also applies in the event that the receiving debtor is already jointly obligated with you by the mandate, and as a result of the transfer of mandate will be the only obligated person in the future e.g. in case of a divorce.
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