Common use of Acknowledgment of Assignment Clause in Contracts

Acknowledgment of Assignment. The Borrower shall use commercially reasonable efforts to procure that as soon as practicable after it receives a Notice of Assignment, the Manager shall deliver to the Collateral Agent an Acknowledgment of Assignment in substantially the form attached hereto or otherwise reasonably acceptable to the Collateral Agent.

Appears in 6 contracts

Sources: Credit Agreement (Norwegian Cruise Line Holdings Ltd.), Credit Agreement (Norwegian Cruise Line Holdings Ltd.), Credit Agreement (NCL CORP Ltd.)

Acknowledgment of Assignment. The Borrower shall use commercially reasonable efforts to procure that as soon as practicable after it each other party to the Contracts receives a Notice of Assignment, the Manager such other party shall deliver to the Collateral Agent an Acknowledgment of Assignment Assignment, in substantially the form attached hereto or otherwise reasonably acceptable to the Collateral Agent.

Appears in 2 contracts

Sources: Credit Agreement (Norwegian Cruise Line Holdings Ltd.), Credit Agreement (Norwegian Cruise Line Holdings Ltd.)