Common use of Multiple Transfers Clause in Contracts

Multiple Transfers. 23.8.1 In the event the Bank wishes to transfer by novation a portion of its rights, benefits and obligations under the Loan Agreement to more than one Bank, then (i) each Transferee shall be deemed a Bank hereunder to the extent of its pro rata transfer and shall be entitled to all of the benefits of the Bank under the Loan Agreement and (ii) each of the Agent, the Bank, the Borrower and each Transferee agree that the term Bank as used herein shall be interpreted to refer collectively to all such Banks or to each Bank individually, as the context shall require, as determined by the Agent in its sole discretion. 23.8.2 If at any time there are two or more Banks party to this Loan Agreement, the Borrower shall pay to the Agent for its own account an agency fee in the amount agreed between the Borrower and the Agent. The first such payment shall be made on the first date on which there are two or more Banks party to this Loan Agreement and each subsequent payment shall be made on each anniversary of such date (or, if not a Business Day, the immediately subsequent Business Day).

Multiple Transfers. 23.8.1 In the event the Bank wishes to transfer by novation a portion of its rights, benefits and obligations under the Loan Agreement to more than one Bank, then (i) each Transferee shall be deemed a Bank hereunder to the extent of its pro rata transfer and shall be entitled to all of the benefits of the Bank under the Loan Agreement and (ii) each of the Agent, the Bank, the Borrower and each Transferee agree that the term Bank as used herein shall be interpreted to refer collectively to all such Banks or to each Bank individually, as the context shall require, as determined by the Agent in its sole discretion. 23.8.2 If at any time there are two or more Banks party to this Loan Agreement, the Borrower shall pay to the Agent for its own account an agency fee in the amount agreed between the Borrower and the Agent. The first such payment shall be made on the first date on which there are two or more Banks party to this Loan Agreement and each subsequent payment shall be made on each anniversary of such date (or, if not a Business Day, the immediately subsequent Business Day).. Clause XXIV Calculations and Evidence of Debt