Lender Hedging Obligations Sample Clauses
Lender Hedging Obligations. To the extent any Affiliate of a Lender is a party to a Hedging Contract with a Borrower or any Guarantor and thereby becomes a beneficiary of the Liens pursuant to the Security Documents, such Affiliate of a Lender shall be deemed to appoint the Administrative Agent and Collateral Agent its nominee and agent to act for and on behalf of such Affiliate in connection with the Security Documents and to be bound by the terms of this Article and Section 10.4.
Lender Hedging Obligations. Except as otherwise expressly set forth herein or in any Loan Document, no Lender Counterparty that obtains the benefits of Section 8.3 or any Loan Document by virtue of the provisions hereof or thereof shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Lender Hedging Obligations unless Administrative Agent has received written notice of such Obligations, together with such supporting documentation as Administrative Agent may request, from the applicable Lender Counterparty.
Lender Hedging Obligations. Section 9.15 of the Existing Agreement is hereby amended in its entirety to read as follows: