EXEMPTION OF LENDER. 8.1 If an Exemption Event occurs with respect to a Lender, the Agent shall immediately notify the Borrower, the Guarantor and All Lenders of such event in writing.
8.2 All Lenders shall be exempted from their Lending Obligations If an Exemption Event occurs.
EXEMPTION OF LENDER. 8.1 If an Exemption Event occurs, the Lender shall immediately notify the Borrower of such event in writing.
8.2 After the notice set forth in Article 8.1 is given, when the Lender determines that such Exemption Event has been resolved, the Lender shall notify the Borrower that the Exemption Event has been resolved.
8.3 The Lender will be exempted from the Lending Obligations during the Exemption Period.
EXEMPTION OF LENDER. (1) In the event that it is determined by the Majority Lenders or the Agent that a Loan Impossibility Event has occurred with respect to any Lender, the Agent shall promptly notify the Borrower and each of the Lenders in writing. Subordinated Syndicated Loan Agreement dated October 26, 2018, for Takeda Pharmaceutical Company Limited
(2) Following the issuance of a notice in accordance with the preceding Paragraph, if the Majority Lenders or the Agent determine that there has been a cessation of the relevant Loan Impossibility Event, the Agent shall promptly notify the Borrower and each of the Lenders in writing of such cessation of the Loan Impossibility Event.
(3) During the period from (and including) the date upon which the Borrower receives a notice pursuant to Paragraph (1) of this Article until (and including) the date upon which the Borrower receives a notice pursuant to Paragraph (2) of this Article (the “Loan Impossibility Period”), the affected Lender shall be excused from its Lending Obligation. In this case, the Borrower shall not be required to pay to such Lender affected by the Loan Impossibility Event the amount of its Commitment Fee that is calculated by applying the Commitment Fee Percentage to the total amount of the Unused Commitment Amounts for each of the days during the Loan Impossibility Period and dividing such total amount by 365 (and fractions less than one Yen (¥1) shall be rounded down). In the event that a Lender has already received payment of such Commitment Fee amount, upon the end of the relevant Loan Impossibility Period, the Lender shall promptly refund such amount by directly depositing funds equivalent to such amount into the Syndicate Account for the account of the Borrower.
EXEMPTION OF LENDER. 1. If the Majority Lender or the Agent determines that an Exemption Event has occurred, the Agent shall immediately notify the Borrower and all Lenders of such event in writing.
2. After the notice under the preceding paragraph is given, when the Majority Lender or the Agent reasonably determines that the Exemption Event has been resolved, the Agent shall notify the Borrower and all Lenders that such Exemption Event has been resolved.
3. All Lenders shall be exempted from their Lending Obligation during the Exemption Period.
EXEMPTION OF LENDER. 7.1 If the Agent determines, or if the Agent has been notified by the Majority Lenders of their determination that, an Exemption Event has occurred, the Agent shall immediately notify the Borrower and All Lenders of such event in writing.
7.2 After the notice set forth in Article 7.1 is given, when the Majority Lender(s) (or, if it is difficult to clarify the intention of the Majority Lender(s), the Agent) determine(s) that such Exemption Event has been resolved, the Agent shall immediately notify the Borrower and All Lenders that the Exemption Event has been resolved.
7.3 During the Exemption Period, All Lenders shall be exempted from their Lending Obligations.
EXEMPTION OF LENDER. 9.1 If an Exemption Event occurs with respect to a Lender, the Agent shall immediately notify the Borrower and All Lenders of such event in writing.
EXEMPTION OF LENDER. 9.1 If an Exemption Event occurs with respect to a Lender, the Agent shall immediately notify the Borrower and All Lenders of such event in writing.
9.2 After notice in Clause 9.1 is given, when the Majority Lenders (if it is difficult to clarify the intention of the Majority Lenders, the Agent) determine that such Exemption Event has been resolved, the Agent shall notify the Borrower and All Lenders that the Exemption Event has been resolved.
9.3 [The Lender with respect to which the Exemption Event has occurred / All Lenders] shall be exempted from their Lending Obligations during the Exemption Period.
