Accession Certificate Clause Samples
An Accession Certificate is a document used to formally acknowledge that a new party is joining an existing agreement or contractual arrangement. In practice, this certificate is typically signed by the incoming party and sometimes by the original parties, confirming that the new party agrees to be bound by all the terms and conditions of the original contract. This mechanism ensures that the rights and obligations of the agreement are extended to the new participant, providing legal clarity and continuity as parties change or expand.
Accession Certificate. This Accession Certificate relates to a (pound)o Facilities Agreement (the "Agreement") dated 2 March 1998 between, among others, the Primary Borrower (1), ▇▇▇▇▇ 2 and Bidco (2), Chase Manhattan plc, ▇▇▇▇▇▇ Brothers International (Europe), ▇▇▇▇▇▇▇ ▇▇▇▇▇ Capital Corporation as Arrangers (3), various banks and financial institutions as Underwriters
Accession Certificate. (a) If the Borrower wishes to obtain a binding loan commitment from an Alternative T2 Lender and accede that Alternative T2 Lender in accordance with clause 2.3, it must notify the Agent at least [***] Business Days before the accession (or such shorter period as the Agent approves), of the following:
(1) the name of the Alternative T2 Lender;
(2) the proportion of its Tranche Two Commitment;
(3) the proposed date of the accession;
(4) the pricing terms (including Margin) in relation to that Alternative T2 Lender’s participation in Tranche Two; and
(5) any amendments or variations to this agreement that the Alternative T2 Lender requests, provided such amendments or variations are of an immaterial or minor nature.
(b) The Alternative T2 Lender must execute an Accession Certificate and deliver it to the Agent at least [***] Business Days before the date of the proposed accession (or such shorter period as the Agent approves).
(c) When the Agent receives the Accession Certificate under clause 19.4(b) it is authorised by each party to this agreement to, and must:
(1) execute it on behalf of all the parties to this agreement;
(2) notify each of the parties to this agreement of the accession; and
(3) deliver copies of it to the Borrower and the Alternative T2 Lender.