Common use of Procedure for assignment Clause in Contracts

Procedure for assignment. (a) The Existing Lender assigns absolutely to the New Lender all the rights of the Existing Lender under the Agreement and the other Finance Documents and in respect of the Transaction Security which relate to that portion of the Existing Lender's Commitment and participations in Loans under the Agreement as specified in the Schedule.

Appears in 3 contracts

Samples: Facility Agreement (Klondex Mines LTD), Assignment Agreement (Klondex Mines LTD), Assignment Agreement (Klondex Mines LTD)

AutoNDA by SimpleDocs

Procedure for assignment. (a) a. The Existing Lender assigns absolutely to the New Lender all the rights of the Existing Lender under the Agreement and the other Finance Documents and in respect of the Transaction Security which relate to that portion of the Existing Lender's Commitment and participations in Loans under the Agreement as specified in the Schedule.

Appears in 1 contract

Samples: Intercreditor Agreement (Klondex Mines LTD)

Procedure for assignment. (a) 2.1 The Existing Lender assigns absolutely to the New Lender all the rights of the Existing Lender under the Agreement and the other Finance Documents and in respect of the Transaction Security which relate to that portion of the Existing Lender's Commitment ’s Commitments and participations in Loans under the Agreement as specified in the Schedule.

Appears in 1 contract

Samples: Junior Facility Agreement (Endeavour International Corp)

Procedure for assignment. (a) The Existing Lender assigns absolutely to the New Lender all the rights of the Existing Lender under the Agreement and the other Senior Finance Documents and in respect of the Transaction Security which relate to that portion of the Existing Lender's Commitment ’s Commitments and participations in Loans under the Agreement as specified in the Schedule.

Appears in 1 contract

Samples: Facility Agreement (Avis Budget Group, Inc.)

Procedure for assignment. (a) The Existing Lender assigns absolutely to the New Lender all the rights of the Existing Lender under the Agreement and Facilities Agreement, the other Finance Documents and in respect of the Transaction Security which relate correspond to that portion of the Existing Lender's Commitment ’s Commitments and participations in Loans under the Facilities Agreement as specified in the Schedule.;

Appears in 1 contract

Samples: Additional Facility Accession Agreement (Liberty Global PLC)

AutoNDA by SimpleDocs

Procedure for assignment. (a) The Existing Lender assigns absolutely to the New Lender all the rights of the Existing Lender under the Agreement and the other Finance Documents and in respect of the Transaction Security which relate to that portion of the Existing Lender's Commitment Commitments and participations in Loans the Loan under the Agreement as specified in the Schedule.

Appears in 1 contract

Samples: Facility Agreement (Diana Containerships Inc.)

Procedure for assignment. (a) The Existing Lender assigns absolutely to the New Lender all the rights of the Existing Lender under the Facilities Agreement and the other Finance Documents and in respect of the Transaction Security which relate correspond to that portion of the Existing Lender's Commitment ’s Commitments and participations in Loans Utilisations under the Facilities Agreement as specified in the Schedule.;

Appears in 1 contract

Samples: Multicurrency Term and Revolving Facilities Agreement (Xstrata PLC)

Time is Money Join Law Insider Premium to draft better contracts faster.