Relation Among Lenders Sample Clauses
The "Relation Among Lenders" clause defines the rights, obligations, and interactions between multiple lenders involved in a syndicated loan or similar financing arrangement. It typically outlines how decisions are made collectively, how information is shared, and the procedures for actions such as amendments, waivers, or enforcement of rights. For example, it may specify voting thresholds for approving changes to loan terms or designate an agent to act on behalf of all lenders. This clause ensures coordinated action among lenders, prevents conflicts, and provides a clear framework for managing the relationship, thereby reducing the risk of disputes and inefficiencies.
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Relation Among Lenders. The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Agent) authorized to act for, any other Lender.
Relation Among Lenders. The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Agent) authorized to act for, any other Lender. No Lender or any Affiliate of any Lender that obtains the benefits of Section 7.23 by virtue of the provisions hereof or of any Guaranty or Security Agreement, shall have the 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 Agreement or any other Loan Document to the contrary, the Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made, with respect to, Obligations arising under any Bank Product.
Relation Among Lenders. The UK Lenders are not partners or co-venturers, and no UK Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of any UK Agent) authorized to act for, any other UK Lender.
Relation Among Lenders. The US Lenders are not partners or co-venturers, and no US Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of any US Agent) authorized to act for, any other US Lender.
Relation Among Lenders. 64 12.20 Co-Agents...................................................64 ARTICLE 13 MISCELLANEOUS......................................................64
Relation Among Lenders. 75 12.20 No Reliance on Administrative Agent's Customer Identification Program..........................................................75 12.21
Relation Among Lenders. The Lenders are not partners or co-venturers, ---------------------- and no Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Agent) authorized to act for, any other Lender. The designation of any Lender as Administrative Agent shall infer no additional rights, except as provided in Section 15.7, or responsibilities on ------------ such Lender other than the rights and responsibilities it has as a Lender under the Agreement.
Relation Among Lenders. The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Administrative Agent) authorized to act for, any other Lender. The Administrative Agent shall have the exclusive right on behalf of the Lenders to enforce the payment of the principal of and interest on any Loan after the date such principal or interest has become due and payable pursuant to the terms of this Agreement.