Common use of TRANSFER AND SUCCESSION Clause in Contracts

TRANSFER AND SUCCESSION. In this Agreement all references to the Agent, the Security Agent, the Banks, the Issuing Banks, the Standby Lender and/or the Co-Arrangers shall in each case include:- (A) any successor in title to or assignee or transferee of all or any portion of that respective party's rights, title and interest in, to and under this Agreement including any Transferee Bank to whom all or part of such person's rights and obligations hereunder are transferred; and (B) any other person whomsoever in whose favour all or any portion of such rights, title and interest are transferred including any person who becomes a party to this Agreement by way of a novation hereof

Appears in 2 contracts

Samples: Loan Agreement (Stena Ab), Loan Agreement (Stena Ab)

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TRANSFER AND SUCCESSION. In this Agreement all references to the Agent, the Security Agent, the Banks, the Issuing Banks, the Standby Lender and/or the Co-Arrangers shall in each case include:- (A) any successor in title to or assignee or transferee of all or any portion of that respective party's rights, title and interest in, to and under this Agreement including any Transferee Bank to whom all or part of such person's rights and obligations hereunder are transferred; and (B) any other person whomsoever in whose favour all or any portion of such rights, title and interest are transferred including any person who becomes a party to this Agreement by way of a novation hereof

Appears in 1 contract

Samples: Facility Agreement (Stena Ab)

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