Common use of Transfer Agreement Clause in Contracts

Transfer Agreement. If a Tranche B Lender wishes to assign or transfer all or any of its rights, benefits and obligations hereunder in accordance with Section 14.2, then such assignment or transfer shall be effected by the execution and delivery of a duly completed and executed Finnvera Transfer Agreement by such Tranche B Lender to the Finnvera Facility B Agent together with a transfer fee of Cdn.$3,500 (except where the Tranche B Assignee is Finnvera, in which case no such transfer fee shall be payable), at least 5 Business Days prior to the effective date of such transfer, whereupon, to the extent that in such Finnvera Transfer Agreement such Tranche B Lender seeks to assign or transfer its rights and obligations hereunder: 14.3.1. such Tranche B Lender shall be released from further obligations to the Borrower with respect to the portion of the obligations of such Tranche B Lender assumed by the Tranche B Assignee under this Agreement; 14.3.2. the Tranche B Assignee shall assume the obligations of such Tranche B Lender under this Agreement and acquire the rights of such Tranche B Lender in respect of the Borrower, without novation of the Borrower’s obligations; 14.3.3. the Finnvera Facility B Agent, such Tranche B Lender and the Tranche B Assignee shall acquire the same rights and assume the same obligations between themselves as they would have acquired and assumed had the Tranche B Assignee been an original party hereto with the obligations under this Agreement assumed and the rights acquired by it as a result of such assignment or transfer; and 14.3.4. the Borrower, the Finnvera Facility B Agent and such Tranche B Lender shall all execute such documents and perform such acts as may be required to give effect to the transfer or assignment.

Transfer Agreement. If a Tranche B A Lender wishes to assign or transfer all or any of its rights, benefits and obligations hereunder under the Credit Agreement in accordance with Section 14.210.2 of this Schedule “P”, then such assignment or transfer shall be effected by the execution and delivery of a duly completed and executed Finnvera Transfer Agreement by such Tranche B A Lender to the Finnvera Facility B Agent together with a transfer fee of Cdn.$3,500 (except where the Tranche B A Assignee is Finnvera, Finnvera in which case no such transfer fee shall be payable), at least 5 Business Days prior to the effective date of such transfer, whereupon, to the extent that in such Finnvera Transfer Agreement such Tranche B A Lender seeks to assign or transfer its rights and obligations hereunderunder the Credit Agreement: 14.3.1. 10.3.1 such Tranche B A Lender shall be released from further obligations to the Borrower with respect to the portion of the obligations of such Tranche B A Lender assumed by the Tranche B A Assignee under this the Credit Agreement; 14.3.2. 10.3.2 the Tranche B A Assignee shall assume the obligations of such Tranche B A Lender under this the Credit Agreement and acquire the rights of such Tranche B A Lender in respect of the Borrower, without novation of the Borrower’s obligations; 14.3.3. 10.3.3 the Finnvera Facility B Agent, such Tranche B A Lender and the Tranche B A Assignee shall acquire the same rights and assume the same obligations between themselves as they would have acquired and assumed had the Tranche B A Assignee been an original party hereto to the Credit Agreement with the obligations under this the Credit Agreement assumed and the rights acquired by it as a result of such assignment or transfer; and 14.3.4. 10.3.4 the Borrower, the Finnvera Facility B Agent and such Tranche B A Lender shall all execute such documents and perform such acts as may be required to give effect to the transfer or assignment.

Transfer Agreement. If a Tranche B A Lender wishes to assign or transfer all or any of its rights, benefits and obligations hereunder under the Credit Agreement in accordance with Section 14.210.2 of this Schedule P, then such assignment or transfer shall be effected by the execution and delivery of a duly completed and executed Finnvera Transfer Agreement by such Tranche B A Lender to the Finnvera Facility B Agent together with a transfer fee of Cdn.$3,500 (except where the Tranche B A Assignee is Finnvera, Finnvera in which case no such transfer fee shall be payable), at least 5 Business Days prior to the effective date of such transfer, whereupon, to the extent that in such Finnvera Transfer Agreement such Tranche B A Lender seeks to assign or transfer its rights and obligations hereunderunder the Credit Agreement: 14.3.1. 10.3.1 such Tranche B A Lender shall be released from further obligations to the Borrower with respect to the portion of the obligations of such Tranche B A Lender assumed by the Tranche B A Assignee under this the Credit Agreement; 14.3.2. 10.3.2 the Tranche B A Assignee shall assume the obligations of such Tranche B A Lender under this the Credit Agreement and acquire the rights of such Tranche B A Lender in respect of the Borrower, without novation of the Borrower’s obligations; 14.3.3. 10.3.3 the Finnvera Facility B Agent, such Tranche B A Lender and the Tranche B A Assignee shall acquire the same rights and assume the same obligations between themselves as they would have acquired and assumed had the Tranche B A Assignee been an original party hereto to the Credit Agreement with the obligations under this the Credit Agreement assumed and the rights acquired by it as a result of such assignment or transfer; and 14.3.4. 10.3.4 the Borrower, the Finnvera Facility B Agent and such Tranche B A Lender shall all execute such documents and perform such acts as may be required to give effect to the transfer or assignment.