Examples of Accession Memorandum in a sentence
Any person wishing to become a Finance Party shall, upon execution and delivery by such person or their duly authorised representative to the Borrower Security Trustee, of an Accession Memorandum, acceding to the STID and this Agreement (together with the supporting documentation referred to in that Accession Memorandum), be bound by the provisions of the STID and this Agreement as if the terms set out therein were incorporated in full into the arrangements made between that person and the Obligors.
The Borrower Secured Creditors hereby authorise the Borrower Security Trustee to execute each Accession Memorandum (without liability therefor) and agree to be bound by the terms of each such Accession Memorandum.
Notices of accessions Upon receipt by the Bond Trustee of a duly completed and executed Accession Memorandum in respect of a proposed Financial Guarantor, the Bond Trustee shall procure that the Issuer gives notice thereof to the existing Financial Guarantor(s), the Borrower Security Trustee and the Bondholders.
It is hereby agreed by the parties hereto that any such Accession Memorandum delivered pursuant to Clause 26.2 shall take effect upon delivery to the Bond Trustee.
Effectiveness of accession It is hereby agreed by the parties hereto that any such Accession Memorandum delivered pursuant to Clause 26.2 shall take effect upon delivery to the Bond Trustee.