Common use of Committed Lender’s Commitment Clause in Contracts

Committed Lender’s Commitment. (i) If a Conduit Lender rejects a Borrowing Request and the Borrower has not cancelled such Borrowing Request in accordance with clause (b) above, any Loan requested by the Borrower in such Borrowing Request that would otherwise be made by such Conduit Lender shall be made by the related Committed Lenders in its Lender Group on a pro rata basis in accordance with their respective Pro Rata Shares of such Loan.

Appears in 12 contracts

Samples: Loan and Servicing Agreement (Newell Brands Inc.), Loan and Servicing Agreement (Newell Brands Inc), Loan and Servicing Agreement (Newell Brands Inc)

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Committed Lender’s Commitment. (i) If a Conduit Lender rejects a Borrowing Request and the Borrower has not cancelled such Borrowing Request in accordance with clause (b) above, or if there is no Conduit Lender in a Lender Group, any Loan requested by the Borrower in such Borrowing Request that would otherwise be made by such Conduit Lender (except as set forth in Section 2.02(e) following delivery of a Funding Delay Notice) shall be made by the related Committed Lenders in its such Lender Group on a pro rata basis in accordance with their respective Pro Rata Shares of such Loan.

Appears in 7 contracts

Samples: Receivables Loan Agreement (Hilton Grand Vacations Inc.), Servicing Agreement (Hilton Grand Vacations Inc.), Sale and Contribution Agreement (Hilton Grand Vacations Inc.)

Committed Lender’s Commitment. (i) If a Conduit Lender in a Lender Group rejects a Borrowing Request and the Borrower has not cancelled such Borrowing Request in accordance with clause (b) above, or if there is no Conduit Lender in a Lender Group, any Loan requested by the Borrower in such Borrowing Request that would otherwise be made by applicable to such Conduit Lender shall be made by the related Committed Lenders in its such Lender Group on a pro rata basis in accordance with their respective Pro Rata Shares of such Loan.

Appears in 6 contracts

Samples: Loan and Servicing Agreement (DT Credit Company, LLC), Loan and Servicing Agreement (DT Credit Company, LLC), Loan and Servicing Agreement (DT Credit Company, LLC)

Committed Lender’s Commitment. (i) If a Conduit Lender rejects a Borrowing Request and Request, or if the Borrower Conduit Lender Termination Date has not cancelled such Borrowing Request in accordance with clause (b) aboveoccurred for a Conduit Lender, any Loan requested by the Borrower in such Borrowing Request that would otherwise be made by such Conduit Lender shall be made by the related Committed Lenders in its Lender Group on a pro rata basis in accordance with their respective Pro Rata Shares of such Loan.

Appears in 3 contracts

Samples: Receivables Loan Agreement (TRW Automotive Inc), Receivables Loan Agreement (TRW Automotive Inc), Receivables Loan Agreement (TRW Automotive Holdings Corp)

Committed Lender’s Commitment. (i) If a Non-Committed Conduit Lender rejects a an Incremental Borrowing Request and the Borrower has not cancelled such Borrowing Request in accordance with clause (b) aboveRequest, any Loan requested by the Borrower in such Incremental Borrowing Request that would otherwise be made by such Non-Committed Conduit Lender shall be made by the related Committed Backstop Lenders in its Lender Group on a pro rata basis in accordance with their respective Pro Rata Shares of such Loan.

Appears in 1 contract

Samples: Agreement (Tribune Co)

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Committed Lender’s Commitment. (i) If a Conduit Lender rejects a Borrowing Request and the Borrower has not cancelled such Borrowing Request in accordance with clause (b) above, any Loan requested by the Borrower in such Borrowing Request that would otherwise be made by such Conduit Lender shall ACTIVE 200146376v.2 be made by the related Committed Lenders in its Lender Group on a pro rata basis in accordance with their respective Pro Rata Shares of such Loan.

Appears in 1 contract

Samples: Loan and Servicing Agreement (Drivetime Automotive Group Inc)

Committed Lender’s Commitment. (i) If a Conduit Lender rejects a Borrowing Request and the Borrower has not cancelled such Borrowing Request in accordance with clause (b) above, or if there is no Conduit Lender in a Lender Group, any Loan requested by the Borrower in such Borrowing Request that would otherwise be made by such Conduit Lender shall be made by the related Committed Lenders in its such Lender Group on a pro rata basis in accordance with their respective Pro Rata Shares of such Loan.

Appears in 1 contract

Samples: Receivables Loan Agreement (Hilton Worldwide Holdings Inc.)

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