Common use of Professional Market Party Representation Clause in Contracts

Professional Market Party Representation. (a) Each Lender which makes an Advance to a Dutch Borrower, represents to each Dutch Borrower, on the date of this Agreement and, if on such date it is a requirement of Dutch law that each Lender is a PMP, the date on which an Advance (or any portion thereof) is made to such Dutch Borrower, that (i) it is a PMP and (ii) it is aware that it does not benefit from the (creditor) protection offered by the Dutch Banking Act when lending monies to persons or entities which are subject to the prohibition of Section 82 of the Dutch Banking Act.

Professional Market Party Representation. (a) Each Lender which makes an Lender, in relation to any Loan or L/C Advance made available to a Dutch Borrower, represents to each Dutch Borrowerthat, on the date of this Agreement and, if on such date it is a requirement of Dutch law Law that each Lender is a PMPProfessional Market Party, the date on which an a Loan or L/C Advance (or any portion thereof) is made to such a Dutch Borrower, that Borrower (i) it is a PMP Professional Market Party and (ii) it is aware that it does not benefit from the (creditor) protection offered by the Dutch Banking Act when lending monies to persons or entities which Persons that are subject to the prohibition of under Section 82 of the Dutch Banking Act.

Professional Market Party Representation. (a) Each Lender which that makes an Advance to a Dutch Borrower, Borrower represents to each Dutch Borrower, on the date of this Agreement and, if on such date it is a requirement of Dutch law that each Lender is a PMP, on the date on which an Advance (or any portion thereof) is made to such Dutch Borrower, that (i) it is a PMP and (ii) it is aware that it does not benefit from the (creditor) protection offered by the Dutch Banking Act when lending monies to persons or entities which that are subject to the prohibition of Section Article 82 of the Dutch Banking Act.