On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Documents each of the Obligors and the Existing Lender shall be released from further obligations towards one another under the Security Documents and their respective rights against one another under the Security Documents shall be cancelled (being the “Discharged Rights and Obligations”);
On the Transfer Date. (a) the Existing Lender will assign absolutely to the New Lender its rights under the Finance Documents and in respect of the Transaction Security expressed to be the subject of the assignment in the Assignment Agreement;
On the Transfer Date. (a) the Transfer shall take effect under the Finance Documents so that the rights and/or obligations which are the subject of the Transfer shall be ceded and delegated by the Existing Lender to the New Lender (being the Transferred Rights and Obligations);
On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Security Documents and the Lower Saxony Guarantees each of the Borrower and the Existing Lender shall be released from further obligations towards one another under the Security Documents and the Lower Saxony Guarantees and their respective rights against one another shall be cancelled (being the “Discharged Rights and Obligations”);
On the Transfer Date. (a) the assignment of the Existing Lender’s rights intended to be assigned pursuant to the Transfer Certificate to the New Lender shall become effective;
On the Transfer Date. (A) UK Holdings shall pay to GEIH the amount of the UK Holdings Interest accrued but unpaid up to and including the Transfer Date; and
On the Transfer Date. (a) to the extent that in the Assignment and Assumption Certificate the Existing Lender seeks to transfer its rights and obligations under the Finance Documents each of the Obligors and the Existing Lender shall be released from further obligations towards one another under the Finance Documents and their respective rights against one another under the Finance Documents shall be cancelled (being the “Discharged Rights and Obligations”);
On the Transfer Date. (a) to the extent that in the Transfer Certificate the Existing Participant seeks to transfer its rights, ownership interests and obligations under the Finance Documents, each of the Company and the Existing Participant shall be released from further obligations towards one another under the Finance Documents and their respective rights and ownership interests against one another under the Finance Documents shall be cancelled (being the Discharged Rights and Obligations);
On the Transfer Date. (i) the Borrower and the Existing Lender shall be released from further obligations towards one another under the Loan Documents, and their respective rights against one another shall be cancelled, in each case to the extent transferred to the New Lender (being the “Discharged Rights and Obligations”);
On the Transfer Date. (a) to the extent that in the Transfer Certificate the transferring Lender seeks to transfer by novation its rights and obligations under the Finance Documents the Borrower and the transferring Lender shall be released from further obligations towards one another under the Finance Documents and their respective rights against one another under the Finance Documents shall be cancelled (being the "Discharged Rights and Obligations");
