Examples of Lead Borrower in a sentence
A set of counterparts executed by all the parties hereto shall be lodged with the Lead Borrower and the Administrative Agent.
BORROWERS: XXXXXXX U.S. HOLDINGS, INC., as Lead Borrower By: /s/ Xxxxxx X.
In addition, each Loan Party other than the Borrowers hereby irrevocably designates and appoints the Lead Borrower as such Loan Party’s agent to represent such Loan Party in all respects under this Agreement and the other Loan Documents.
Subject to the appointment and acceptance of a successor Administrative Agent as provided in this paragraph, the Administrative Agent may resign at any time by notifying the Lenders and the Lead Borrower, and may be removed by the Required Lenders in the event of the Administrative Agent’s gross negligence or willful misconduct.
In the event that the Lead Borrower elects to so increase such Domestic Commitments, then each Canadian Lender’s Canadian Commitment shall be automatically converted to a Domestic Commitment by an amount equal to its Canadian Commitment being so terminated, the Domestic Commitments shall be automatically increased by a like amount, and the Domestic Commitment Percentages of the Lenders shall be automatically modified to reflect the increase in the amount of the Domestic Commitments.