Common use of Deemed Indebtedness Clause in Contracts

Deemed Indebtedness. The relevant payment by the Agent under Clause 4.6 shall constitute the advancement of the Loan and the Borrower shall thereupon become indebted, as principal and direct obligors, to each Lender in an amount equal to that Lender's Contribution.

Deemed Indebtedness. The relevant payment by the Agent under Clause 4.6 shall constitute the advancement of the Loan an Advance or Advances and the Borrower Borrowers shall thereupon become indebted, as principal and direct obligors, to each Lender in an amount equal to that Lender's Contribution.

Deemed Indebtedness. The relevant Each payment by the Agent under Clause 4.6 ‎3.6 shall constitute an advance of the advancement relevant Tranche of the Loan and the Borrower Borrowers shall thereupon become indebted, as principal and direct obligors, to each Lender the Agent and the Lenders in an the amount equal to of that Lender's ContributionTranche.