Rights of Assignee. Any assignee of a Lender shall (unless limited by the express terms of the assignment) take the full benefit of every provision of the Finance Documents benefiting that Lender PROVIDED THAT an assignment will only be effective on notification by the Agent to that Lender and the assignee that the Agent 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 assignment to the assignee.
Appears in 11 contracts
Sources: Secured Facility Agreement, Loan Agreement, Loan Agreement
Rights of Assignee. Any assignee of a Lender shall (unless limited by the express terms of the assignment) take the full benefit of every provision of the Finance Documents benefiting that Lender PROVIDED THAT provided that an assignment will only be effective on notification by the Agent to that Lender and the assignee that the Agent 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 assignment to the assignee.
Appears in 8 contracts
Sources: Secured Term Loan Facility Agreement (Teekay Tankers Ltd.), Secured Loan Agreement (Teekay LNG Partners L.P.), Senior Secured Revolving Credit Facility Agreement
Rights of Assignee. Any assignee of a Lender shall (unless limited by the express terms of the assignment) take the full benefit of every provision of the Finance Documents benefiting benefitting that Lender PROVIDED THAT an assignment will only be effective on notification by the Agent to that Lender and the assignee that the Agent 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 assignment to the assignee.
Appears in 5 contracts
Sources: Loan Agreement, Secured Loan Agreement (Diana Shipping Inc.), Secured Loan Agreement (Diana Shipping Inc.)
Rights of Assignee. Any assignee of a Lender shall (unless limited by the express terms of the assignment) take the full benefit of every provision of the Finance Documents benefiting benefitting that Lender PROVIDED THAT an assignment will only be effective on notification by the Agent to that Lender and the assignee that the Agent 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 assignment to the assignee.
Appears in 4 contracts
Sources: Secured Loan Agreement (Poseidon Containers Holdings Corp.), Secured Credit Facility (Teekay Offshore Partners L.P.), Secured Loan Agreement (NewLead Holdings Ltd.)
Rights of Assignee. Any assignee of a Lender shall (unless limited by the express terms of the assignment) take the full benefit of every provision of the Finance Documents benefiting that Lender PROVIDED THAT provided that an assignment will only be effective on notification by the Agent to that Lender and the assignee that the Agent 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 assignment to the assignee.
Appears in 1 contract
Sources: Secured Term Loan Facility Agreement (Teekay LNG Partners L.P.)
Rights of Assignee. Any assignee of a Lender shall (unless limited by the express terms of the assignment) take the full benefit of every provision of the Finance Documents benefiting benefitting that Lender ▇▇▇▇▇▇ PROVIDED THAT an assignment will only be effective on notification by the Agent to that Lender and the assignee that the Agent 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 assignment to the assignee.
Appears in 1 contract
Sources: Secured Credit Facility (Teekay Offshore Partners L.P.)