Transfer by novation. On the Syndication Date (whether or not a Default is continuing) each Existing Lender shall transfer by novation all or part of its Commitment, rights and obligations under the Finance Documents to a New Lender, so that:
Transfer by novation. (a) On the Effective Date (whether or not a Default is continuing), the Exiting Bank shall transfer by novation all of its Commitment, rights and obligations under the Finance Documents to the New Bank, so that:
Transfer by novation. On the Effective Date (and subject to and in accordance with (and in the order set out in) the Funds Flow Memorandum and conditional on the steps set out in the Funds Flow Memorandum occurring on the Effective Date in the order set out therein), each Transferor Lender shall transfer by novation all or part of its Commitment, its participation in any or all of the Loans, and corresponding rights and obligations under the Senior Facilities Agreement to each Transferee Lender, so that:
Transfer by novation. To: [AGENT] as Facility Agent From: [EXISTING LENDER] (the Existing Lender) and [NEW LENDER] (the New Lender) Date: [ ] US$540,000,000 Facility Agreement dated [•] 2012 (the Agreement) We refer to the Agreement. This is a Transfer Certificate.
Transfer by novation. 2.1 With effect from the Effective Date:
Transfer by novation. Subject to Clause 2 (Conditions precedent), on the Effective Date (whether or not a Default is continuing) each Existing Lender shall transfer by novation (in the case of an Existing Lender which is not also a New Lender) all or (in the case of each Existing Lender which is also a New Lender) part of its Commitment, rights and obligations under the Original Facility Agreement to a New Lender, so that (without any further step being required):
Transfer by novation. New Non-Affiliate Bank
Transfer by novation. 4 5. Restatement................................................................................7
Transfer by novation. 4.1 TRANSFER BY NOVATION On the Effective Date (whether or not a Default is continuing) each Existing Lender shall transfer by novation all or part of its Commitment, rights and obligations under the Finance Documents to a New Lender, so that:
Transfer by novation. (a) Subject to paragraph (b) below, on the Syndication Date (whether or not a Default is continuing) each Existing Lender shall transfer by novation all or part of its Commitment, rights and obligations under the Finance Documents, so that:
