Professional Market Party. Each Original Lender explicitly declares and represents that it is a Professional Market Party and that it is aware that: (a) it therefore does not benefit from the (creditor) protection under the Dutch Banking Act for non-Professional Market Parties; and (b) it has made its own credit appraisal of the Borrower. This declaration and representation is made by each Original Lender on the date of this Agreement.
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Samples: Facilities Agreement (Mittal Steel Co N.V.), Facilities Agreement (Mittal Steel Co N.V.), Bridge Facility Agreement (Mittal Steel Co N.V.)
Professional Market Party. Each Original Lender explicitly declares and represents that it is a Professional Market Party and that it is aware that:
(a) it therefore does not benefit from the (creditor) protection under the Dutch Banking Act for non-Professional Market Parties; and
(b) it has made its own credit appraisal of the BorrowerCompany. This declaration and representation is made by each Original Lender on the date of this Agreement.
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