Common use of Procedure for assignment Clause in Contracts

Procedure for assignment. (a) Subject to the conditions set out in Clause 28.2 (Conditions of assignment or transfer) an assignment may be effected in accordance with paragraph (c) below when the Facility Agent executes an otherwise duly completed Assignment Agreement delivered to it by the Existing Lender and the New Lender. The Facility Agent shall, subject to paragraph (b) below, as soon as reasonably practicable after receipt by it of a duly completed Assignment Agreement appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment Agreement.

Appears in 2 contracts

Sources: Amendment and Restatement Agreement (CMB.TECH Nv), Facilities Agreement (Euronav NV)

Procedure for assignment. (a) Subject to the conditions set out in paragraph (d) below and in Clause 28.2 26.2 (Conditions of assignment or transfer) ), an assignment may be effected in accordance with paragraph (cb) below when the Facility Agent executes an otherwise duly completed Assignment Agreement delivered to it by the Existing Lender and the New Lender. The Facility Agent shall, subject to paragraph (bd)(ii) below, as soon as reasonably practicable after receipt by it of a duly completed Assignment Agreement appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment Agreement.

Appears in 2 contracts

Sources: Term Loan Facility Agreement (GDS Holdings LTD), Term Loan Facility Agreement (GDS Holdings LTD)

Procedure for assignment. (aA) Subject to the conditions set out in Clause 28.2 (Conditions of assignment and transfer or transferchange in Facility Office) an assignment may be effected in accordance with paragraph (cC) below when the Facility Agent executes an otherwise duly completed Assignment Agreement delivered to it by the Existing Lender and the New Lender. The Facility Agent shall, subject to paragraph (bB) below, as soon as reasonably practicable after receipt by it of a duly completed Assignment Agreement appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment Agreement.

Appears in 1 contract

Sources: Facility Agreement (Vaalco Energy Inc /De/)

Procedure for assignment. (a) Subject to compliance with the provisions of Clause 24.1 (Assignments and transfers by the Lenders) and compliance with the conditions set out in Clause 28.2 24.2 (Conditions of assignment or transfer) ), an assignment may be effected in accordance with paragraph (c) clause 24.6.3 below when the Facility Agent executes an otherwise duly completed Assignment Agreement delivered to it by the Existing Lender and the New Lender. The Facility Agent shall, subject to paragraph (b) 24.6.2 below, as soon as reasonably practicable after receipt by it of a duly completed Assignment Agreement appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment Agreement.

Appears in 1 contract

Sources: Facilities Agreement (Elbit Imaging LTD)

Procedure for assignment. (a) Subject to the conditions set out in Clause 28.2 27.2 (Conditions of assignment or transfer) an assignment may be effected in accordance with paragraph (c) below when the Facility Agent executes an otherwise duly completed Assignment Agreement delivered to it by the Existing Lender and the New Lender. The Facility Agent shall, subject to paragraph (b) below, as soon as reasonably practicable after receipt by it of a duly completed Assignment Agreement appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment Agreement.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Icon Energy Corp)

Procedure for assignment. (a) Subject to the conditions set out in Clause 28.2 25.2 (Company Consent) and Clause 25.3 (Other Conditions of assignment Assignment or transferTransfer) an assignment may be effected in accordance with paragraph (c) below when the Facility Agent executes an otherwise duly completed Assignment Agreement delivered to it by the Existing Lender and the New Lender. The Facility Agent shall, subject to paragraph (b) below, as soon as reasonably practicable after receipt by it of a duly completed Assignment Agreement appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment Agreement.

Appears in 1 contract

Sources: Facility Agreement (Pilgrims Pride Corp)

Procedure for assignment. (a) Subject to the conditions set out in Clause 28.2 23.2 (Conditions of assignment or transfer) an assignment may be effected in accordance with paragraph (c) below when the Facility Agent executes an otherwise duly completed Assignment Agreement delivered to it by the Existing Lender and the New LenderLender together with a processing and recordation fee. The Facility Agent shall, subject to paragraph (b) below, as soon as reasonably practicable after receipt by it of a duly completed Assignment Agreement appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment Agreement.

Appears in 1 contract

Sources: Senior Secured Bridge Facility Agreement (Ugi Corp /Pa/)

Procedure for assignment. (a) Subject to the conditions set out in Clause 28.2 clause 24.2 (Conditions Company consent) and clause 24.3 (Other conditions of assignment or transfer) an assignment may be effected in accordance with paragraph (c) below clause 24.7(c), when the Facility Agent executes an otherwise duly completed Assignment Agreement delivered to it by the Existing Lender and the New Lender. The Facility Agent shall, subject to paragraph (b) belowclause 24.7(b), as soon as reasonably practicable after receipt by it of a duly completed Assignment Agreement appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment Agreement.

Appears in 1 contract

Sources: Multicurrency Revolving Facility Agreement (Luxfer Holdings PLC)

Procedure for assignment. (a) Subject to the conditions set out in Clause 28.2 26.2 (Parent consent)and Clause 26.4 (Other Conditions of assignment Assignment or transferTransfer) an assignment may be effected in accordance with paragraph (c) below when the Facility Agent executes an otherwise duly completed Assignment Agreement delivered to it by the Existing Lender and the New Lender. The Facility Agent shall, subject to paragraph (b) below, as soon as reasonably practicable after receipt by it of a duly completed Assignment Agreement appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment Agreement.

Appears in 1 contract

Sources: Syndicated Facilities Agreement (Harmony Gold Mining Co LTD)

Procedure for assignment. (a) Subject to the conditions set out in Clause 28.2 30.2 (Conditions of assignment Assignment or transfer) Transfer), an assignment may be effected in accordance with paragraph (c) below when the Facility Agent executes an otherwise duly completed Assignment Agreement delivered to it by the Existing Lender and the New Lender. The Facility Agent shallmust, subject to paragraph (b) below, as soon as reasonably practicable after receipt by it of a duly completed Assignment Agreement appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment Agreement.

Appears in 1 contract

Sources: Amendment and Restatement Agreement (IHS Holding LTD)

Procedure for assignment. (a) Subject to the conditions set out in Clause 28.2 30.2 (Conditions of assignment or transfer) an assignment may be effected in accordance with paragraph (c) below when the Facility Agent executes an otherwise duly completed Assignment Agreement delivered to it by the Existing Lender and the New Lender. The Facility Agent shall, subject to paragraph (b) below, as soon as reasonably practicable after receipt by it of a duly completed Assignment Agreement appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment Agreement.

Appears in 1 contract

Sources: Term Loan Facility (Ardmore Shipping Corp)