Initial Lenders Sample Clauses
The 'Initial Lenders' clause defines the parties who are recognized as the original lenders under a loan agreement at the time the contract is executed. This clause typically lists the names and details of these lenders, distinguishing them from any future lenders who may join the agreement through assignments or transfers. By clearly identifying the initial lenders, the clause ensures clarity regarding the parties' rights and obligations from the outset, helping to prevent disputes over participation and entitlements under the loan.
Initial Lenders. By accepting the benefits under this Agreement and the other Loan Documents, each Initial Lender acknowledges and agrees that it shall be bound by all provisions of this Agreement (including for the avoidance of doubt, Section 9.07) and shall have all of the rights and obligations of a Lender hereunder.
Initial Lenders. For purposes of the foregoing, “Defaulting Lender” shall mean shall mean any Initial Lender that (a) becomes (or is controlled by any person or entity that is) subject to any bankruptcy, insolvency, receivership, conservatorship or other similar proceeding, (b) has (or is controlled by any person or entity that has) become a “defaulting” lender generally in credit agreements to which it is a party (other than actions taken in good faith to exercise or preserve its rights and remedies as a lender) or (c) refuses to execute (after reasonable written notice to such Initial Lender) or, in your reasonable judgment following consultation with the applicable Initial Lender and the Arrangers, materially delays in executing, the definitive credit documentation with respect to the Facilities that has been fully negotiated between you and the Commitment Parties in good faith (the “Credit Documentation”). Notwithstanding the foregoing, no Initial Lender shall be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in such Initial Lender or a parent company thereof by a governmental authority or an instrumentality thereof. As consideration for the commitments and agreements of the Commitment Parties hereunder, you agree to cause to be paid the nonrefundable fees described in the Fee Letter dated the date hereof and delivered herewith (the “Fee Letter”).
Initial Lenders. The Lenders on the Closing Date shall be the Lender set forth on Schedule 1 attached hereto on the Closing Date.
Initial Lenders. Each Initial Lender acknowledges and agrees that upon its execution of this First Incremental Agreement it shall become a “Lender” under, and for all purposes of, the Credit Agreement and the other Loan Documents, and shall be subject to and bound by the terms thereof, and shall perform all the obligations of and shall have all rights of a Lender thereunder. For all purposes of this First Incremental Agreement, the Credit Agreement and the other Loan Documents, the term “Initial Lender” shall include each Lender with a commitment to make an Incremental Term Loan or an outstanding Incremental Term Loan.
Initial Lenders. CHRISTIANIA BANK OG KREDITKASSE ASA, NEW YORK BRANCH By_____________________________________ Title: By_____________________________________ Title: ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ By_____________________________________ Title: By_____________________________________ Title: UNION BANK OF NORWAY By_____________________________________ Title: By_____________________________________ Title: DE NATIONAL INVESTERINGSBANK N.V. By_____________________________________ Title: By_____________________________________ Title: SCHEDULE 4.01(A) EQUITY INTERESTS IN LOAN PARTIES
Initial Lenders. Prior to the Automatic Step-Up Date, $[***], (ii) on and after the Automatic Step-Up Date, $[***], and (iii) if a Successful Syndication has not occurred on or prior to the Syndication Deadline, after the Syndication Deadline, [***]. SUMITOMO MITSUI BANKING CORPORATION, as an Initial Lender
Initial Lenders. BKB and the other financial institutions who have signed this Agreement and have become Lenders on the date hereof.
Initial Lenders. ADMINISTRATIVE AGENT CO-SYNDICATION AGENTS MANAGING AGENTS CO-AGENTS LENDERS
Initial Lenders. If on July 20, 2005, the Credit Exposure of any Initial Lender is greater than U.S. $600,000,000 (or its equivalent), the Company shall immediately prepay the Loans and/or reduce the Commitments of such Initial Lender, or an Affiliated Lender shall take by assignment the Loans and Commitments of such Lender, in such amounts as shall be necessary to reduce such Initial Lender's Credit Exposure to U.S. $600,000,000. All prepayments and/or reductions under this clause (vi) shall be applied first, to prepay the Loans of the relevant Initial Lender pro rata among the Classes of Loans held by such Initial Lender with a corresponding reduction of the related Commitments and second, to reduce the Commitments of such Initial Lender pro rata among the Classes of Commitments of such relevant Initial Lender.
Initial Lenders. U.S. Bank and the other financial institutions who have signed this Agreement and have become Lenders on the date of this Agreement. Interest Expense. For any period, the consolidated interest expense (including imputed interest on capitalized lease obligations and synthetic lease obligations) and amortized debt discount on Indebtedness of the Loan Parties for such period.