Common use of The Transferee Clause in Contracts

The Transferee. (a) confirms that it has received a copy of the Loan Agreement; (b) agrees that it will have no rights of recourse on any ground against either the Transferor, the Security Trustee or [the] [any] Lender in the event that (i) the Finance Documents prove to be invalid or ineffective, (ii) the Borrower or any Security Party fails to observe or perform its obligations, or to discharge its liabilities, under the Finance Documents (iii) it proves impossible to realise any asset covered by a Security Interest created by a Finance Document, or the proceeds of such assets are insufficient to discharge the liabilities of the Borrower or any Security Party under the Finance Documents; (c) agrees that it will have no rights of recourse on any ground against the Security Trustee or [the] [any] Lender in the event that this Certificate proves to be invalid or ineffective; (d) warrants to the Transferor and each Relevant Party (i) that it has full capacity to enter into this transaction and has taken all corporate action and obtained all official consents which it needs to take or obtain in connection with this transaction; and (ii) that this Certificate is valid and binding as regards the Transferee; and (e) confirms the accuracy of the administrative details set out below regarding the Transferee.

The Transferee. (a) confirms that it has received a copy of the Loan Agreement; (b) agrees that it will have no rights of recourse on any ground against either the Transferor, the Security Trustee or [(the] [) (any] ) Lender in the event that (i) the Finance Documents prove to be invalid or ineffective, (ii) the Borrower or any Security Party fails to observe or perform its obligations, or to discharge its liabilities, under the Finance Documents (iii) it proves impossible to realise realize any asset covered by a Security Interest created by a Finance Document, or the proceeds of such assets are insufficient to discharge the liabilities of the Borrower or any Security Party under the Finance Documents; ; (c) agrees that it will have no rights of recourse on any ground against the Security Trustee or [(the] [) (any] ) Lender in the event that this Certificate proves to be invalid or ineffective; ; (d) warrants to the Transferor and each Relevant Party (i) that it has full capacity to enter into this transaction and has taken all corporate action and obtained all official consents which it needs to take or obtain in connection with this transaction; and (ii) that this Certificate is valid and binding as regards the Transferee; and ,and (e) confirms the accuracy of the administrative details set out below regarding the Transferee.