Lenders' Determination Sample Clauses

Lenders' Determination. Where the provisions of this Agreement provide that any waiver of or any amendment to any provision of the Documents may be made or any action, consent or other determination in connection with the Documents may be taken or given, with the consent or agreement of the Majority Lenders, then any such waiver, amendment, action, consent or determination so made, so taken or so given with the consent or agreement of the Majority Lenders will be binding on all of the Lenders and all of the Lenders will cooperate in all ways necessary or desirable to implement and effect such waiver, amendment, action, consent or determination.
AutoNDA by SimpleDocs
Lenders' Determination. Where the provisions of this Agreement provide that any waiver of or any amendment to any provision of the Loan Documents may be made or any action, consent or other determination in connection with the Loan Documents may be taken or given, with the consent or agreement of the Lenders or the Majority Lenders (in accordance with Section 16.16), then any such waiver, amendment, action, consent or determination so made, so taken or so given with the consent or agreement of the Lenders or the Majority Lenders, as applicable, will be binding on all of the Lenders and all of the Lenders will cooperate in all ways necessary or desirable to implement and effect such waiver, amendment, action, consent or determination.
Lenders' Determination. On the date of the Initial Advance, Lender shall have determined the applicable Retainage and that (i) the work that is the basis for the request for the Initial Advance has been completed in accordance herewith (ii) there is no Deficiency and (iii) construction is capable of proceeding in accordance with the schedule set forth in the Budget and Substantial Completion will occur by the Outside Completion Date.
Lenders' Determination. If at any time a Lender determines in good faith (which determination shall be conclusive, absent manifest error) and notifies the Borrower that (i) any Applicable Law (relating to capital adequacy or otherwise); (ii) any change in, or in the interpretation or application of Applicable Law by a court or by any authority charged with the administration of Applicable Law (including, without limitation, the Superintendent of Financial Institutions for Canada); or (iii) any compliance by that Lender with any request, directive or guideline (whether or not having the force of law) of any applicable monetary, fiscal or other governmental agency or authority (including, without limitation, the Superintendent of Financial Institutions for Canada), has the effect of:

Related to Lenders' Determination

  • Expert Determination If the dispute is not resolved under clause 10.3 or clause 10.5, or the parties otherwise agree that the dispute may be resolved by expert determination, the parties may refer the dispute to an expert, in which event:

  • LC Exposure Determination For all purposes of this Agreement, the amount of a Letter of Credit that, by its terms or the terms of any document related thereto, provides for one or more automatic increases in the stated amount thereof shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at the time of determination.

  • Good Faith Determination The Company shall from time to time make the good faith determination whether or not it is practicable for the Company to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the officers and directors of the Company with coverage for losses incurred in connection with their services to the Company or to ensure the Company’s performance of its indemnification obligations under this Agreement.

  • Determination of Borrowing Base The Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate and Monthly Servicing Report delivered to the Administrative Agent.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!