Common use of Assignments and Transfers by Creditors Clause in Contracts

Assignments and Transfers by Creditors. (a) Subject to Clause 19.1 (Assignment and transfers by the Obligors), a Creditor (in this capacity the Transferor) may at any time assign any of its rights under this Deed or transfer any of its rights and obligations under this Deed to any person (a Transferee) to whom a Transferor is permitted to assign or transfer rights, benefits and obligations under the Senior Finance Documents or the Investor Documents (as the case may be). (b) An assignment or transfer will only be effective if the Security Agent executes a Creditor Accession ▇▇▇▇ ▇▇▇▇ completed and signed on behalf of the Transferee under which the Transferee agrees to be bound by all of the terms of this Deed as if it had originally been party to this Deed as a Creditor. (c) Each of the parties to this Deed (other than the Transferee) irrevocably authorises the Security Agent to execute on its behalf any Creditor Accession Deed which has been duly completed and executed on behalf of the Transferee. (d) The Security Agent will promptly notify the other parties to this Deed of the receipt and execution by it on their behalf of any Creditor Accession Deed.

Assignments and Transfers by Creditors. (a) Subject to Clause 19.1 (Assignment and transfers by the Obligors), a A Creditor (in this capacity the Transferor"TRANSFEROR") may at any time assign any of its rights under this Deed agreement or transfer any of its rights and obligations under this Deed agreement to any person (a Transferee"TRANSFEREE") to whom a Transferor is permitted to assign or transfer rights, benefits and obligations under the Senior Finance Documents or the Investor Documents (as the case may be). (b) An assignment or transfer will only be effective if the Security Agent executes a Creditor Accession ▇▇▇▇ ▇▇▇▇ Agreement duly completed and signed on behalf of the Transferee under which the Transferee agrees to be bound by all of the terms of this Deed agreement as if it had originally been party to this Deed agreement as a CreditorFinance Party or an Investor (as the case may be). (c) Each of the parties to this Deed agreement (other than the Transferee) irrevocably authorises the Security Agent to execute on its behalf any Creditor Accession Deed Agreement which has been duly completed and executed on behalf of the Transferee. (d) The Security Agent will promptly notify the other parties to this Deed agreement of the receipt and execution by it on their behalf of any Creditor Accession DeedAgreement.