Procedure for novations. (a) A novation is effected if the Existing Bank and the New Bank deliver to the Agent a Novation Certificate in the form of Schedule 5 and the Agent executes it.
Appears in 5 contracts
Samples: Agreement (Scottish Power PLC), Agreement (Scottish Power PLC), Agreement (Scottish Power PLC)
Procedure for novations. (a) A novation is effected if the Existing Bank and the New Bank deliver to the Agent a Novation Certificate duly completed certificate, substantially in the form of Part 1 of Schedule 5 (a Novation Certificate) and the Agent executes it.
Appears in 2 contracts
Samples: Credit Agreement (Spirent PLC), Agreement (Spirent PLC)
Procedure for novations. (a) A novation is effected if the Existing Bank and the New Bank deliver to the Agent a Novation Certificate duly completed certificate, substantially in the form of Part I of Schedule 5 (a “Novation Certificate”) and the Agent executes it.
Appears in 1 contract
Samples: Facility Agreement (Spirent PLC)
