Rights of Assignee. Any assignee of a Lender shall (unless limited by the express terms of the assignment) take the full benefit of every provision of the Finance Documents benefiting that Lender PROVIDED THAT an assignment will only be effective on notification by the Agent to that Lender and the assignee that the Agent is satisfied it has complied with all necessary “Know your customer” or other similar checks under all applicable laws and regulations in relation to the assignment to the assignee.
Appears in 11 contracts
Samples: Facility Agreement, Loan Agreement, Loan Agreement (Teekay LNG Partners L.P.)
Rights of Assignee. Any assignee of a Lender shall (unless limited by the express terms of the assignment) take the full benefit of every provision of the Finance Documents benefiting that Lender PROVIDED THAT provided that an assignment will only be effective on notification by the Agent to that Lender and the assignee that the Agent is satisfied it has complied with all necessary “Know your customer” or other similar checks under all applicable laws and regulations in relation to the assignment to the assignee.
Appears in 8 contracts
Samples: Loan Agreement (Teekay Tankers Ltd.), Loan Agreement, Loan Agreement (Teekay LNG Partners L.P.)
Rights of Assignee. Any assignee of a Lender shall (unless limited by the express terms of the assignment) take the full benefit of every provision of the Finance Documents benefiting benefitting that Lender PROVIDED THAT an assignment will only be effective on notification by the Agent to that Lender and the assignee that the Agent is satisfied it has complied with all necessary “"Know your customer” " or other similar checks under all applicable laws and regulations in relation to the assignment to the assignee.
Appears in 5 contracts
Samples: Loan Agreement, Loan Agreement (Diana Shipping Inc.), Diana Shipping Inc.
Rights of Assignee. Any assignee of a Lender shall (unless limited by the express terms of the assignment) take the full benefit of every provision of the Finance Documents benefiting benefitting that Lender PROVIDED THAT an assignment will only be effective on notification by the Agent to that Lender and the assignee that the Agent is satisfied it has complied with all necessary “Know your customer” or other similar checks under all applicable laws and regulations in relation to the assignment to the assignee.
Appears in 4 contracts
Samples: Loan Agreement (Teekay Offshore Partners L.P.), Poseidon Containers Holdings Corp., Loan Agreement (NewLead Holdings Ltd.)
Rights of Assignee. Any assignee of a Lender shall (unless limited by the express terms of the assignment) take the full benefit of every provision of the Finance Documents benefiting benefitting that Lender Xxxxxx PROVIDED THAT an assignment will only be effective on notification by the Agent to that Lender and the assignee that the Agent is satisfied it has complied with all necessary “Know your customer” or other similar checks under all applicable laws and regulations in relation to the assignment to the assignee.
Appears in 1 contract
Samples: Teekay Offshore Partners L.P.
Rights of Assignee. Any assignee of a Lender shall (unless limited by the express terms of the assignment) take the full benefit of every provision of the Finance Documents benefiting that Lender PROVIDED THAT provided that an assignment will only be effective on notification by the Agent to that Lender and the assignee that the Agent is satisfied it has complied with all necessary “"Know your customer” " or other similar checks under all applicable laws and regulations in relation to the assignment to the assignee.
Appears in 1 contract
Samples: Teekay LNG Partners L.P.
