Transfer Certificates. If a Lender wishes to transfer any of its rights and obligations under or pursuant to this Agreement, it may do so by delivering to the Agent a duly completed Transfer Certificate, in which event on the Transfer Date: 14.4.1 to the extent that that Lender seeks to transfer its rights and obligations, the Borrowers (on the one hand) and that Lender (on the other) shall be released from all further obligations towards the other; 14.4.2 the Borrowers (on the one hand) and the transferee (on the other) shall assume obligations towards the other identical to those released pursuant to Clause 14.4.1; and 14.4.3 the Agent, each of the Lenders and the transferee shall have the same rights and obligations between themselves as they would have had if the transferee had been an original party to this Agreement as a Lender PROVIDED THAT the Agent shall only be obliged to execute a Transfer Certificate once: (a) it is satisfied it has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations in relation to the transfer to the transferee; and (b) the transferee has paid to the Agent for its own account a transfer fee of three thousand five hundred Dollars ($3,500). The Agent shall, as soon as reasonably practicable after it has executed a Transfer Certificate, send to the Borrowers a copy of that Transfer Certificate.
Appears in 6 contracts
Samples: Secured Facility Agreement, Facility Agreement (Teekay Corp), Secured Facility Agreement (Teekay LNG Partners L.P.)
Transfer Certificates. If a Lender wishes to transfer any of its rights and obligations under or pursuant to this Agreement, it may do so by delivering to the Agent a duly completed Transfer Certificate, in which event on the Transfer Date:
14.4.1 to the extent that that Lender seeks to transfer its rights and obligations, the Borrowers Borrower (on the one hand) and that Lender (on the other) shall be released from all further obligations towards the other;
14.4.2 the Borrowers Borrower (on the one hand) and the transferee (on the other) shall assume obligations towards the other identical to those released pursuant to Clause 14.4.1; and
14.4.3 the Agent, each of the Lenders and the transferee shall have the same rights and obligations between themselves as they would have had if the transferee had been an original party to this Agreement as a Lender PROVIDED THAT the Agent shall only be obliged to execute a Transfer Certificate once:
(a) it is satisfied it has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations in relation to the transfer to the transferee; and
(b) the transferee has paid to the Agent for its own account a transfer fee of three five thousand five hundred Dollars ($3,500)Dollars. The Agent shall, as soon as reasonably practicable after it has executed a Transfer Certificate, send to the Borrowers Borrower a copy of that Transfer Certificate.
Appears in 4 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement (Teekay LNG Partners L.P.)
Transfer Certificates. If a Lender wishes to transfer any of its rights and obligations under or pursuant to this Agreement, it may do so by delivering to the Agent a duly completed Transfer Certificate, in which event on the Transfer Date:
14.4.1 to the extent that that Lender seeks to transfer its rights and obligations, the Borrowers Borrower (on the one hand) and that Lender (on the other) shall be released from all further obligations towards the other;
14.4.2 the Borrowers Borrower (on the one hand) and the transferee (on the other) shall assume obligations towards the other identical to those released pursuant to Clause 14.4.1; and
14.4.3 the Agent, each of the Lenders and the transferee shall have the same rights and obligations between themselves as they would have had if the transferee had been an original party to this Agreement as a Lender PROVIDED THAT provided that the Agent shall only be obliged to execute a Transfer Certificate once:
(a) it is satisfied it has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations in relation to the transfer to the transferee; and
(b) the transferee has paid to the Agent for its own account a transfer fee of three five thousand five hundred Dollars ($3,500)Dollars. The Agent shall, as soon as reasonably practicable after it has executed a Transfer Certificate, send to the Borrowers Borrower and the Lenders a copy of that Transfer Certificate.
Appears in 2 contracts
Samples: Secured Loan Agreement (Teekay LNG Partners L.P.), Secured Loan Agreement (Teekay LNG Partners L.P.)
Transfer Certificates. If a Lender wishes to transfer any of its rights and obligations under or pursuant to this Agreement, it may do so by delivering to the Agent a duly completed Transfer Certificate, in which event on the Transfer Date:
14.4.1 to the extent that that Lender seeks to transfer its rights and obligations, the Borrowers (on the one hand) and that Lender (on the other) shall be released from all further obligations towards the other;
14.4.2 the Borrowers (on the one hand) and the transferee (on the other) shall assume obligations towards the other identical to those released pursuant to Clause 14.4.1; and
14.4.3 the Agent, each of the Lenders and the transferee shall have the same rights and obligations between themselves as they would have had if the transferee had been an original party to this Agreement as a Lender PROVIDED THAT the Agent shall only be obliged to execute a Transfer Certificate once:Lender
(a) it is satisfied it has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations in relation to the transfer to the transferee; and
(b) the transferee has paid to the Agent for its own account a transfer fee of three seven thousand five hundred Dollars ($3,5007,500) (or, in the case of a transfer to another branch of the transferee, a transfer fee of three thousand seven hundred and fifty Dollars ($3,750)). The Agent shall, as soon as reasonably practicable after it has executed a Transfer Certificate, send to the Borrowers and the Lenders a copy of that Transfer Certificate.
Appears in 1 contract
Samples: Secured Term Loan Facility Agreement
Transfer Certificates. If a Lender wishes to transfer any of its rights and obligations under or pursuant to this Agreement, it may do so by delivering to the Agent a duly completed Transfer Certificate, in which event on the Transfer Date:
14.4.1 to the extent that that Lender seeks to transfer its rights and obligations, the Borrowers (on the one hand) and that Lender (on the other) shall be released from all further obligations towards the other;
14.4.2 the Borrowers (on the one hand) and the transferee (on the other) shall assume obligations towards the other identical to those released pursuant to Clause 14.4.1; and
14.4.3 the Agent, each of the Lenders and the transferee shall have the same rights and obligations between themselves as they would have had if the transferee had been an original party to this Agreement as a Lender PROVIDED THAT the Agent shall only be obliged to execute a Transfer Certificate once:
(a) it is satisfied it has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations in relation to the transfer to the transferee; and
(b) the transferee has paid to the Agent for its own account a transfer fee of three thousand $1,000 Dollars; and
(c) the number of Lenders does not exceed five hundred Dollars ($3,500)at any time. The Agent shall, as soon as reasonably practicable after it has executed a Transfer Certificate, send to the Borrowers a copy of that Transfer Certificate.
Appears in 1 contract
Transfer Certificates. If a Lender wishes to transfer any of its rights and obligations under or pursuant to this Agreement, it may do so by delivering to the Agent a duly completed Transfer Certificate, in which event on the Transfer Date:
14.4.1 to the extent that that Lender seeks to transfer its rights and obligations, the Borrowers Borrower (on the one hand) and that Lender (on the other) shall be released from all further obligations towards the other;
14.4.2 the Borrowers Borrower (on the one hand) and the transferee (on the other) shall assume obligations towards the other identical to those released pursuant to Clause 14.4.1; and
14.4.3 the Agent, each of the Lenders and the transferee shall have the same rights and obligations between themselves as they would have had if the transferee had been an original party to this Agreement as a Lender PROVIDED THAT provided that the Agent shall only be obliged to execute a Transfer Certificate once:
(a) it is satisfied it has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations in relation to the transfer to the transferee; and
(b) the transferee has paid to the Agent for its own account a transfer fee of three seven thousand five hundred Dollars ($3,5007,500) (or, in the case of a transfer to another branch of the transferee, a transfer fee of three thousand seven hundred and fifty Dollars ($3,750). The Agent shall, as soon as reasonably practicable after it has executed a Transfer Certificate, send to the Borrowers Borrower and the Lenders a copy of that Transfer Certificate.
Appears in 1 contract
Samples: Secured Term Loan Facility Agreement (Teekay Tankers Ltd.)
Transfer Certificates. If a Lender wishes to transfer any of its rights and obligations under or pursuant to this Agreement, it may do so by delivering to the Agent a duly completed Transfer Certificate, in which event on the Transfer Date:
14.4.1 to the extent that that Lender seeks to transfer its rights and obligations, the Borrowers Borrower (on the one hand) and that Lender (on the other) shall be released from all further obligations towards the other;
14.4.2 the Borrowers Borrower (on the one hand) and the transferee (on the other) shall assume obligations towards the other identical to those released pursuant to Clause 14.4.1; and
14.4.3 the Agent, each of the Lenders and the transferee shall have the same rights and obligations between themselves as they would have had if the transferee had been an original party to this Agreement as a Lender PROVIDED THAT the Agent shall only be obliged to execute a Transfer Certificate once:
(a) it is satisfied it has complied with all necessary “"know your customer” " or other similar checks under all applicable laws and regulations in relation to the transfer to the transferee; and
(b) the transferee has paid to the Agent for its own account a transfer fee of three thousand five hundred Dollars ($3,500)Dollars. The Agent shall, as soon as reasonably practicable after it has executed a Transfer Certificate, send to the Borrowers Borrower a copy of that Transfer Certificate.. \P1\3549672.7
Appears in 1 contract
Transfer Certificates. If a Lender wishes to transfer any of its rights and obligations under or pursuant to this Agreement, it may do so by delivering to the Agent a duly completed Transfer Certificate, in which event on the Transfer Date:
14.4.1 to the extent that that Lender seeks to transfer its rights and obligations, the Borrowers Borrower (on the one hand) and that Lender (on the other) shall be released from all further obligations towards the other;
14.4.2 the Borrowers Borrower (on the one hand) and the transferee (on the other) shall assume obligations towards the other identical to those released pursuant to Clause 14.4.1; and
14.4.3 the Agent, each of the Lenders and the transferee shall have the same rights and obligations between themselves as they would have had if the transferee had been an original party to this Agreement as a Lender PROVIDED THAT the Agent shall only be obliged to execute a Transfer Certificate once:Lender
(a) it is satisfied it has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations in relation to the transfer to the transferee; and
(b) the transferee has paid to the Agent for its own account a transfer fee of three seven thousand five hundred Dollars ($3,5007,500) (or, in the case of a transfer to another branch of the transferor, a transfer fee of three thousand seven hundred and fifty Dollars ($3,750)). The Agent shall, as soon as reasonably practicable after it has executed a Transfer Certificate, send to the Borrowers Borrower and the Lenders a copy of that Transfer Certificate.
Appears in 1 contract
Transfer Certificates. If a Lender wishes to transfer any of its rights and obligations under or pursuant to this Agreement, it may do so by delivering to the Agent a duly completed Transfer Certificate, in which event on the Transfer Date:
14.4.1 to the extent that that Lender seeks to transfer its rights and obligations, the Borrowers (on the one hand) and that Lender (on the other) shall be released from all further obligations towards the other;
14.4.2 the Borrowers (on the one hand) and the transferee (on the other) shall assume obligations towards the other identical to those released pursuant to Clause 14.4.1; and
14.4.3 the Agent, each of the Lenders and the transferee shall have the same rights and obligations between themselves as they would have had if the transferee had been an original party to this Agreement as a Lender PROVIDED THAT the Agent shall only be obliged to execute a Transfer Certificate once:
(a) it is satisfied it has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations in relation to the transfer to the transferee; and
(b) the transferee has paid to the Agent for its own account a transfer fee of three one thousand five hundred Dollars ($3,500$ 1,000). The Agent shall, as soon as reasonably practicable after it has executed a Transfer Certificate, send to the Borrowers a copy of that Transfer Certificate.,
Appears in 1 contract
Transfer Certificates. If a Lender wishes to transfer any of its rights and obligations under or pursuant to this Agreement, it may do so by delivering to the Agent a duly completed Transfer Certificate, in which event on the Transfer Date:
14.4.1 to the extent that that Lender seeks to transfer its rights and obligations, the Borrowers Borrower (on the one hand) and that Lender (on the other) shall be released from all further obligations towards the other;
14.4.2 the Borrowers Borrower (on the one hand) and the transferee (on the other) shall assume obligations towards the other identical to those released pursuant to Clause 14.4.1; and
14.4.3 the Agent, each of the Lenders and the transferee shall have the same rights and obligations between themselves as they would have had if the transferee had been an original party to this Agreement as a Lender PROVIDED THAT Provided that the Agent shall only be obliged to execute a Transfer Certificate once:
(a) it is satisfied it has complied with all necessary “"know your customer” " or other similar checks under all applicable laws and regulations in relation to the transfer to the transferee; and
(b) the transferee has paid to the Agent for its own account a transfer fee of three six thousand five hundred Dollars ($3,5006,000). The Agent shall, as soon as reasonably practicable after it has executed a Transfer Certificate, send to the Borrowers Borrower a copy of that Transfer Certificate.
Appears in 1 contract
Samples: Third Supplemental Agreement to Secured Loan Facility Agreement (Genco Shipping & Trading LTD)
Transfer Certificates. If a Lender wishes to transfer any of its rights and obligations under or pursuant to this Agreement, it may do so by delivering to the Agent a duly completed Transfer Certificate, in which event on the Transfer Date:
14.4.1 to the extent that that Lender seeks to transfer its rights and obligations, the Borrowers Borrower (on the one hand) and that Lender (on the other) shall be released from all further obligations towards the other;
14.4.2 the Borrowers Borrower (on the one hand) and the transferee (on the other) shall assume obligations towards the other identical to those released pursuant to Clause 14.4.1; and
14.4.3 the Agent, each of the Lenders and the transferee shall have the same rights and obligations between themselves as they would have had if the transferee had been an original party to this Agreement as a Lender PROVIDED THAT the Agent shall only be obliged to execute a Transfer Certificate once:
(a) it is satisfied it has complied with all necessary “"know your customer” " or other similar checks under all applicable laws and regulations in relation to the transfer to the transferee; and
(b) the transferee has paid to the Agent for its own account a transfer fee of three thousand five hundred Dollars ($3,500)Dollars. The Agent shall, as soon as reasonably practicable after it has executed a Transfer Certificate, send to the Borrowers Borrower a copy of that Transfer Certificate.
Appears in 1 contract
Transfer Certificates. If a Lender wishes to transfer any of its rights and obligations under or pursuant to this Agreement, it may do so by delivering to the Agent a duly completed Transfer Certificate, in which event on the Transfer Date:
14.4.1 to the extent that that Lender seeks to transfer its rights and obligations, the Borrowers Borrower (on the one hand) and that Lender (on the other) shall be released from all further obligations towards the other;
14.4.2 the Borrowers Borrower (on the one hand) and the transferee (on the other) shall assume obligations towards the other identical to those released pursuant to Clause 14.4.1; and
14.4.3 the Agent, each of the Lenders and the transferee shall have the same rights and obligations between themselves as they would have had if the transferee had been an original party to this Agreement as a Lender PROVIDED THAT the Agent shall only be obliged to execute a Transfer Certificate once:
(a) it is satisfied it has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations in relation to the transfer to the transferee; and
(b) the transferee has paid to the Agent for its own account a transfer fee of three thousand five hundred Dollars ($3,500)Dollars. The Agent shall, as soon as reasonably practicable after it has executed a Transfer Certificate, send to the Borrowers Borrower a copy of that Transfer Certificate.
Appears in 1 contract
Transfer Certificates. If a Lender wishes to transfer any of its rights and obligations under or pursuant to this Agreement, it may do so by delivering to the Agent a duly completed Transfer Certificate, in which event on the Transfer Date:
14.4.1 to the extent that that Lender seeks to transfer its rights and obligations, the Borrowers Borrower (on the one hand) and that Lender (on the other) shall be released from all further obligations towards the other;
14.4.2 the Borrowers Borrower (on the one hand) and the transferee (on the other) shall assume obligations towards the other identical to those released pursuant to Clause 14.4.1; and
14.4.3 the Agent, each of the Lenders and the transferee shall have the same rights and obligations between themselves as they would have had if the transferee had been an original party to this Agreement as a Lender PROVIDED THAT provided that the Agent shall only be obliged to execute a Transfer Certificate once:
(a) it is satisfied it has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations in relation to the transfer to the transferee; and
(b) the transferee has paid to the Agent for its own account a transfer fee of three seven thousand five hundred Dollars ($3,5007,500) (or, in the case of a transfer to another branch of the transferor, a transfer fee of three thousand seven hundred and fifty Dollars ($3,750)). The Agent shall, as soon as reasonably practicable after it has executed a Transfer Certificate, send to the Borrowers Borrower and the Lenders a copy of that Transfer Certificate.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Facility Agreement (Teekay Offshore Partners L.P.)
Transfer Certificates. If a Lender wishes to transfer any of its rights and obligations under or pursuant to this Agreement, it may do so by delivering to the Agent a duly completed Transfer Certificate, in which event on the Transfer Date:
14.4.1 to the extent that that Lender seeks to transfer its rights and obligations, the Borrowers (on the one hand) and that Lender (on the other) shall be released from all further obligations towards the other;
14.4.2 the Borrowers (on the one hand) and the transferee (on the other) shall assume obligations towards the other identical to those released pursuant to Clause 14.4.1; and
14.4.3 the Agent, each of the Lenders and the transferee shall have the same rights and obligations between themselves as they would have had if the transferee had been an original party to this Agreement as a Lender PROVIDED THAT provided that the Agent shall only be obliged to execute a Transfer Certificate once:
(a) it is satisfied it has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations in relation to the transfer to the transferee; and
(b) the transferee has paid to the Agent for its own account a transfer fee of three seven thousand five hundred Dollars ($3,5007,500) (or, in the case of a transfer to another branch of the transferee, a transfer fee of three thousand seven hundred and fifty Dollars ($3,750)). The Agent shall, as soon as reasonably practicable after it has executed a Transfer Certificate, send to the Borrowers and the Lenders a copy of that Transfer Certificate.
Appears in 1 contract
Samples: Secured Term Loan Facility Agreement (Teekay LNG Partners L.P.)