Common use of Bail-In Action Clause in Contracts

Bail-In Action. Any determination that a Lender is a Defaulting Lender will be made by the Administrative Agent in its sole discretion acting in good faith. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error.

Appears in 4 contracts

Sources: Senior Secured Debtor in Possession Term Loan Credit Agreement (Hi-Crush Inc.), Senior Secured Debtor in Possession Credit Agreement (Hi-Crush Inc.), Restructuring Support Agreement (Hi-Crush Inc.)

Bail-In Action. Any determination that a Lender is a Defaulting Lender will under clauses (i) through (ivv) above shall be made by the Administrative Agent in its sole discretion acting in good faith. Any determination by the The Administrative Agent will promptly notify all parties hereto of any determination that a Lender is has become a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest errorLender.

Appears in 1 contract

Sources: Credit Agreement (Laureate Education, Inc.)