Common use of Disclosure and Notification Clause in Contracts

Disclosure and Notification. 5.1 The Assignor shall promptly notify any Debtor of this Agreement by delivering a signed notification letter in the form of Schedule 3 Part 1 to this Agreement via registered mail with return receipt requested (Einschreiben mit Rückschein), with a copy to the Administrative Agent, or, as appropriate, by courier (with a delivery confirmation) and use its best efforts to procure that the respective Debtor executes an acknowledgement of notification substantially in the form of Schedule 3 Part 1 to this Agreement addressed to the Administrative Agent. 5.2 The Assignor shall promptly deliver to the Administrative Agent copies of the aforementioned notification letters and the return receipts (Rückschein) or, if sent by courier, confirmation of delivery and if received by the Assignor, upon receipt, copies of the acknowledgements by the Debtors.