Procedure for transfer. Any Transfer shall be effected as follows: a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender; b) subject to Clause 25.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and c) subject to Clause 25.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 4 contracts
Sources: Facilities Agreement (Flex LNG Ltd.), Facilities Agreement (Flex LNG Ltd.), Facilities Agreement (Flex LNG Ltd.)
Procedure for transfer. Any Transfer shall be effected as follows: :
(a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender; ;
(b) subject to Clause 25.2 29.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonable reasonably possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and and
(c) subject to Clause 25.2 29.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 4 contracts
Sources: Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement (Seadrill Partners LLC)
Procedure for transfer. Any Transfer shall be effected as follows: :
(a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender; ;
(b) subject to Clause 25.2 29.3 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonable reasonably possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and and
(c) subject to Clause 25.2 29.3 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 3 contracts
Sources: Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement (Seadrill Partners LLC), Senior Secured Credit Facility Agreement (Seadrill Partners LLC)
Procedure for transfer. Any Transfer shall be effected as follows: :
a) the Existing Lender must notify the Agent of its intention to Transfer transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender; ;
b) subject to Clause 25.2 24.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and and
c) subject to Clause 25.2 24.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Sources: Multi Currency Revolving Credit Facility Agreement (Gulfmark Offshore Inc)
Procedure for transfer. Any Transfer shall be effected as follows:
a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender; ,
b) subject to Clause 25.2 24 2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and , and
c) subject to Clause 25.2 24 2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Sources: Revolving Credit Facility Agreement (Nordic American Tanker Shipping LTD)
Procedure for transfer. Any Transfer shall be effected as follows: :
a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender; ;
b) subject to Clause 25.2 24.1 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and and
c) subject to Clause 25.2 24.1 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Sources: Term Loan Facility Agreement (B Plus H Ocean Carriers LTD)
Procedure for transfer. Any Transfer shall be effected as follows: :
a) the Existing Lender must notify the Agent of its intention to Transfer transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender; ;
b) subject to Clause 25.2 24.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and and
c) subject to Clause 25.2 24.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.Date.1
Appears in 1 contract
Sources: Multi Currency Revolving Credit Facility Agreement (Gulfmark Offshore Inc)
Procedure for transfer. Any Transfer shall be effected as follows: :
a) the Existing Lender must notify the Agent of its intention to Transfer transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender; ;
b) subject to Clause 25.2 23.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and and
c) subject to Clause 25.2 23.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Sources: Long Term Facility Agreement (General Geophysics Co)
Procedure for transfer. Any Transfer shall be effected as follows: :
(a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender; ;
(b) subject to Clause 25.2 26.3 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonable reasonably possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and and
(c) subject to Clause 25.2 26.3 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Sources: Senior Secured Credit Facility Agreement (North Atlantic Drilling Ltd.)
Procedure for transfer. Any Transfer shall be effected as follows: :
(a) the Existing Lender must notify the Agent of its intention to Transfer transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender; ;
(b) subject to Clause 25.2 24.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and and
(c) subject to Clause 25.2 24.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Sources: Senior Secured Revolving Credit Facility Agreement (Gulfmark Offshore Inc)
Procedure for transfer. Any Transfer shall be effected as follows: :
(a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender; ;
(b) subject to Clause 25.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonable reasonably possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and and
(c) subject to Clause 25.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Procedure for transfer. Any Transfer shall be effected as follows: :
a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender; ;
b) subject to Clause 25.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and and
c) subject to Clause 25.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Sources: Term Loan Facility (Flex LNG Ltd.)
Procedure for transfer. Any Transfer shall be effected as follows: :
a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender; ;
b) subject to Clause 25.2 24.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and and
c) subject to Clause 25.2 24.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Sources: Term Loan Agreement (Helix Energy Solutions Group Inc)
Procedure for transfer. Any Transfer shall be effected as follows: :
(a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender; ;
(b) subject to Clause 25.2 28.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonable reasonably possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and and
(c) subject to Clause 25.2 28.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Sources: Senior Secured Credit Facility Agreement (Ocean Rig UDW Inc.)
Procedure for transfer. Any Transfer shall be effected as follows: :
(a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender; ;
(b) subject to Clause 25.2 26.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonable reasonably possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and and
(c) subject to Clause 25.2 26.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.
Appears in 1 contract
Sources: Term Loan and Revolving Credit Facilities Agreement (Seadrill Partners LLC)
Procedure for transfer. Any Transfer shall be effected as follows: :
(a) the Existing Lender must notify the Agent of its intention to Transfer all or part of its rights or rights and obligations by delivering a duly completed Transfer Certificate to the Agent duly executed by the Existing Lender and the New Lender; (b) subject to Clause 25.2 (Assignments and transfers by the Lenders), the Agent shall as soon as reasonable possible after receipt of a Transfer Certificate execute the Transfer Certificate and deliver a copy of the same to each of the Existing Lender and the New Lender; and (c) subject to Clause 25.2 (Assignments and transfers by the Lenders), the Transfer shall become effective on the Transfer Date.. BD-#34696673-v11 75
Appears in 1 contract
Sources: Facility Agreement (Flex LNG Ltd.)