Common use of Assumptions Regarding Funding by Lenders Clause in Contracts

Assumptions Regarding Funding by Lenders. With respect to Revolving Loans to be made after the Effective Date, unless Administrative Agent shall have been notified by any Lender that such Lender will not make available to Administrative Agent a Revolving Loan to be made by such Lender, Administrative Agent may assume that such Lender will make the proceeds of such Revolving Loan available to Administrative Agent in accordance with this Section and Administrative Agent may (but shall not be obligated to), in reliance upon such assumption, make available to Borrowers the amount of such Revolving Loan to be provided by such Lender. Credit Agreement 21

Appears in 1 contract

Samples: Credit Agreement (Innkeepers Usa Trust/Fl)

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Assumptions Regarding Funding by Lenders. With respect to Revolving Loans to be made after the Effective Date, unless the Administrative Agent shall have been notified by any Lender that such Lender will not make available to the Administrative Agent a Revolving Loan to be made by such LenderLender in connection with any borrowing, the Administrative Agent may assume that such Lender will make the proceeds of such Revolving Loan available to the Administrative Agent in accordance with this Section Section, and the Administrative Agent may (but shall not be obligated to), in reliance upon such assumption, make available to Borrowers the Borrower the amount of such Revolving Loan to be provided by such Lender. Credit Agreement 21such

Appears in 1 contract

Samples: Franchise Agreement (Hospitality Properties Trust)

Assumptions Regarding Funding by Lenders. With respect to Revolving Loans to be made after the Effective Date, unless the Administrative Agent shall have been notified by any Lender that such Lender will not make available to the Administrative Agent a Revolving Loan to be made by such LenderLender in connection with any borrowing, the Administrative Agent may assume that such Lender will make the proceeds of such Revolving Loan available to the Administrative Agent in accordance with this Section and Administrative Agent may (but shall not be obligated to), in reliance upon such assumption, make available to Borrowers the amount of such Revolving Loan to be provided by such Lender. Credit Agreement 21with

Appears in 1 contract

Samples: Master Lease Agreement (Senior Housing Properties Trust)

Assumptions Regarding Funding by Lenders. With respect to Revolving Loans to be made after the Effective Date, unless the Administrative Agent shall have been notified by any Lender that such Lender will not make available to the Administrative Agent a Revolving Loan to be made by such LenderLender in connection with any borrowing, the Administrative Agent may assume that such Lender will make the proceeds of such Revolving Loan available to the Administrative Agent in accordance with this Section Section, and the Administrative Agent may (but shall not be obligated to), in reliance upon such assumption, make available to Borrowers the amount of such Revolving Loan to be provided by such Lender. Credit Agreement 21such

Appears in 1 contract

Samples: Credit Agreement (Federal Realty Investment Trust)

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Assumptions Regarding Funding by Lenders. With respect to Revolving Loans to be made after the Effective Date, unless the Administrative Agent shall have been notified by any Lender that such Lender will not make available to the Administrative Agent a Revolving Loan to be made by such LenderLender in connection with any borrowing, the Administrative Agent may assume that such Lender will make the proceeds of such Revolving Loan available to the Administrative Agent in accordance with this Section Section, and the Administrative Agent may (but shall not be obligated to), in reliance upon such assumption, make available to Borrowers the amount of such Revolving Loan to be provided by such Lender. Credit Agreement 21Borrower the - 26 -

Appears in 1 contract

Samples: Revolving Credit Agreement (Ps Business Parks Inc/Ca)

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