Lenders’ participation. (a) If the conditions set out in this Agreement have been met, each Lender shall make its participation in each Loan available by the Utilisation Date through its Facility Office.
(b) The amount of each Lender’s participation in each Loan will be equal to the proportion borne by its Available Commitment to the Available Facility immediately prior to making the Loan.
Lenders’ participation. (a) If the conditions set out in this Agreement have been met, and subject to Clause 8.1 (Repayment of Loans), each Lender shall make its participation in each Loan available by the Utilisation Date through its Facility Office.
(b) The amount of each Lender’s participation in each Loan will be equal to the proportion borne by its Available Commitment to the Available Facility immediately prior to making the Loan.
(c) The Agent shall determine the Base Currency Amount of each Loan which is to be made in an Optional Currency and notify each Lender of the amount, currency and the Base Currency Amount of each Loan and the amount of its participation in that Loan and, if different, the amount of that participation to be made available in cash by the Specified Time.
Lenders’ participation. (a) If the conditions set out in this Agreement have been met, each Lender shall make its participation in each Advance available by the Utilisation Date through its Facility Office.
(b) The amount of each Lender’s participation in each Advance will be equal to the proportion borne by its Available Commitment to the Available Facility immediately before making that Advance.
(c) The Facility Agent shall notify each Lender of the amount of each Advance and the amount of its participation in that Advance by the Specified Time.
Lenders’ participation. Subject to Clauses 2 and 3, the Agent shall promptly notify each Lender of the receipt of a Drawdown Notice, following which each Lender shall advance its Proportionate Share of the relevant Drawing to the Borrowers through the Agent on the relevant Drawdown Date.
Lenders’ participation. (a) If the conditions set out in Clause 4 (Conditions of Utilisation) and Clauses 5.1 (Delivery of a Utilisation Request) to 5.3 (Currency and amount) above have been met, each Lender shall make its participation in each Loan available by the Utilisation Date through its Facility Office.
(b) The amount of each Lender’s participation in each Loan will be equal to the proportion borne by its Available Commitment to the Available Facility immediately prior to making the Loan.
(c) The Agent shall notify each Lender of the amount of each Loan and the amount of its participation in that Loan and if different, the amount of that participation to be made available in accordance with Clause 26.1 (Payments to the Agent), in each case by no later than 11.00 a.m. two (2) Business Days prior to the proposed Utilisation Date.
Lenders’ participation. Immediately upon issuance or amendment by the Issuing Bank of any Letter of Credit in accordance with the procedures set forth in Section 3.1, each Lender shall be deemed to have irrevocably and unconditionally purchased and received from the Issuing Bank, without recourse or warranty, an undivided interest and participation to the extent of such Lender's Proportionate Share (based upon its Commitment) in the liability with respect to such Letter of Credit (including, without limitation, all obligations of the Borrower with respect thereto, other than amounts owing to the Issuing Bank consisting of Issuing Bank Fees) and any security therefor or guaranty pertaining thereto.
Lenders’ participation. (A) Immediately upon issuance by Issuing Bank of the Letter of Credit, each Lender shall be deemed to have irrevocably and unconditionally acquired from Issuing Bank, without recourse or warranty, an undivided interest and participation (an “L/C Participation”), to the extent of such Lender’s Pro Rata Share in the Letter of Credit, in Issuing Bank’s rights to be paid the principal amount of, together with interest accrued on, drawings under the Letter of Credit and in any security therefor or Subsidiary Guaranty pertaining thereto. Furthermore, upon the occurrence of a Sharing Event and as more fully set forth in Section 2.9, additional sub-participations may be required to be granted by the various Pre-Funded L/C Lenders in their participations in the Letter of Credit, in each case in accordance with, and subject to the provisions of, Section 2.9.
(B) (I) The Issuing Bank shall, subject to Section 2.1(b)(iii)(C), remit to Administrative Agent, for the account of each Lender, such Lender’s Pro Rata Share of each payment of principal and interest (to the extent such interest does not exceed the L/C Interest Rate) received by Issuing Bank on account of any drawing under the Letter of Credit (A) with respect to which Issuing Bank has delivered an L/C Notice of Drawing to Administrative Agent during an Event of Default specified in Section 10.1(e) or Section 10.1(f) with respect to a Credit Party (a “Bankruptcy Default”) and (B) that is received by Issuing Bank on or after the date of such L/C Notice of Drawing; provided, that in the event that any such payment received by Issuing Bank shall be required to be returned by Issuing Bank, such Lender shall return to Issuing Bank the portion thereof previously distributed to it by Administrative Agent, but without interest thereon (unless Issuing Bank is required to pay interest on the amount returned, in which case such Lender shall be required to pay interest at the same rate).
Lenders’ participation. 5.3.1 Subject to Clauses 2 (The Loan), 3 (Purpose) and 4 (Conditions of Utilisation), each Lender shall make its participation in any Tranche available by the relevant Drawdown Date through its Facility Office.
5.3.2 The amount of each Lender's participation in any Tranche will be equal to the proportion borne by its Commitment to the Total Commitments.
Lenders’ participation. Upon receipt of a Utilisation Request, the Agent shall notify each Lender of the details of the requested Loan and the amount of each Lender’s participation in the relevant Loan. If the conditions set out in this Agreement have been met, each Lender shall, no later than 11:00 hours (Oslo time) on the relevant Utilisation Date make available to the Agent for the account of the relevant Borrower an amount equal to its participation in the Loan to be advanced pursuant to the relevant Utilisation Request.
Lenders’ participation. Immediately upon issuance or amendment of any Letter of Credit, each Lender shall be deemed to have irrevocably and unconditionally purchased and received from the Issuing Bank, without recourse or warranty, an undivided interest and participation in all rights and obligations under such Letter of Credit (other than fees and other amounts owing to the Issuing Bank) in accordance with such Lender's Proportionate Share.
