LUX » Topics » transferred

This excerpt taken from the LUX 20-F filed Jun 26, 2008.
transferred) in accordance with clause 23.5 (Procedure for transfer) of the Original Facility Agreement.

 

(b)                               The Existing Underwriter and the New Underwriter agree to the Existing Underwriter transferring to the New Underwriter by novation all or part of the Existing Underwriter’s rights and obligations under the Original Facility Agreement in accordance with clause 23.5 (Procedure for transfer) of the Original Facility Agreement mutatis mutandis and as if references in those clauses to “Existing Lender” and “New Lender” are references to the Existing Underwriter and New Underwriter, respectively.

 

(c)                                The proposed Transfer Date is the Effective Date and the transfers described in paragraphs (a) and (b) of this Clause 5.4 (Procedure for transfer) shall take effect immediately prior to the amendments described in Clause 4 (Amendment) above.

 

(d)                               The Facility Office and address, fax number and attention details for notices of the New Lender and the New Underwriter for the purposes of Clause 31.2 (Addresses) of the Original Facility Agreement are set out in SCHEDULE 2 (Commitments/rights and obligations to be transferred).

 

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