Rights and Obligations of Lenders. 2.1 The Lenders shall owe the Lending Obligations.
2.2 Unless otherwise provided for in this Agreement, the obligations of each Lender under this Agreement shall be independent, and a Lender shall not be released from its obligations under this Agreement for the reason that any of the other Lenders fails to perform such obligations. A Lender shall not be responsible for any failure of other Lenders to perform their obligations under this Agreement.
2.3 If a Lender, in breach of its Lending Obligation, fails to make an Individual Loan on the Drawdown Date, such Lender shall, upon request by the Borrower, immediately compensate the Borrower for all damages, losses and expenses incurred by the Borrower as a result of such breach; provided, however, that the maximum amount of such compensation to the Borrower for the damages, losses and expenses incurred shall be the difference between (i) the interest and other expenses that is required or would be required to be paid if the Borrower separately makes a drawdown as a result of the Individual Loan’s failure to be made on the Drawdown Date, and (ii) the interest and other expenses that would have been required to be paid if the Individual Loan were made on the Drawdown Date.
2.4 Unless otherwise provided for in this Agreement, each Lender may exercise its rights under this Agreement separately and independently.
Rights and Obligations of Lenders. 2.1 The Lender shall lend money in the amount up to the Tranche A Facility Amount, the Tranche B Facility Amount and the Tranche C Facility Amount, respectively, in accordance with the terms and conditions hereunder to the Borrower in Japanese yen only.
2.2 By giving at least ten (10) Business Days advance written notice, the Borrower can reduce each Facility Amount in full or in part; provided, however, that once reduced, the Facility Amount so reduced will not be restored to prior levels. The reduction amount in a case of partial reduction must be an amount that is at least one hundred million yen (JPY 100,000,000) and is an integral multiple of one hundred million yen (JPY 100,000,000); provided, further that; if the Borrower wishes to reduce a Facility Amount, the Borrower shall reduce the Tranche C Facility Amount at first, and may reduce the Tranche A Facility Amount and the Tranche B Facility Amount only if the Unused Tranche C Facility Amount has been or will be reduced to zero (0). The Borrower may reduce the Tranche A Facility Amount only if the Unused Tranche B Facility Amount has been or will be reduced to zero (0).
2.3 In the following cases, the Lender’s Lending Obligations of all Facility (in case of (v) below, of the respective Facility) will extinguish:
(i) if the Drawdown Period has ended;
(ii) if the Borrower’s obligations hereunder are accelerated as a result of an occurrence of an Event of Default;
(iii) if the total number of drawdowns under any Facility has reached four (4); provided, however, that if the Borrower applies for two or more drawdowns of a Tranche A Facility Loan, a Tranche B Facility Loan and a Tranche C Facility Loan to be made on the same date in a single Loan Application, such drawdowns shall be treated as a single drawdown for the purpose of this Item (iii);
(iv) if the Lender’s Lending Obligations has been terminated pursuant to Article 9; or
(v) if the respective Unused Facility Amount has been reduced to zero (0).
2.4 If the Lender fails to make a Loan on a Drawdown Date in breach of its Lending Obligations, the Lender shall, upon the request of the Borrower, promptly compensate the Borrower for all Damages reasonably incurred by the Borrower as a result of such breach. Term Loan Agreement for NAVER J. Hub Corporation dated September 16th, 2020 Table of Contents
Rights and Obligations of Lenders. If Lessee obtains a Leasehold Mortgage in accordance with the provisions of Article 4, as long as any such Leasehold Mortgage shall remain unsatisfied of record, the following provisions shall apply:
Rights and Obligations of Lenders. Any holder of a first lien on any Tract, and any assignee or successor in interest of such first lienholder, shall be subject to the terms and conditions of this Agreement.
Rights and Obligations of Lenders. (a) The obligations of each Lender under the Financing Documents are several. Failure by a Lender to perform its obligations under the Financing Documents does not affect the obligations of any other party under the Financing Documents. No Lender is responsible for the obligations of any other Lender under the Financing Documents.
(b) The rights of each Lender under or in connection with the Financing Documents are separate and independent rights and any debt arising under the Financing Documents to each Lender from the Borrower shall be a separate and independent debt.
(c) A Lender may, except as otherwise stated in the Financing Documents, separately enforce its rights under the Financing Documents.
(d) Notwithstanding any term of any Financing Document, the consent of any Person who is not a party hereto is not required to rescind or vary this Agreement at any time.
Rights and Obligations of Lenders. 14.1 The lender shall issue the loan in accordance with the text of this contract and related contracts (including payment orders, etc.), except for delays caused by the borrower or other reasons that cannot be attributed to the lender;
14.2 Regarding the business secrets and information provided by the borrower regarding financial status, financial information, production and operations, etc., the lender shall The borrower is obliged to take appropriate confidentiality measures, and the confidentiality obligation will not terminate with the termination of the contract, but this contract otherwise stipulates and Except as otherwise provided by laws and regulations;
14.3 The lender has the right to require the borrower to repay the loan principal, interest and various expenses for realizing the creditor’s rights on schedule, exercise other rights stipulated in this contract, and require the borrower to perform its other obligations under this contract;
14.4 For the borrower’s unpaid dues and borrowings under this contract and related contracts (including payment orders, etc.) and documents, Authorization from the borrower: The lender may obtain payment from the borrower from the Postal Savings Bank of China and its branches in accordance with the provisions of this contract (including the payment slip). Any account/digital RMB wallet opened will directly deduct the loan principal, interest, liquidated damages, and compensation that should be repaid by it. Reimbursements and insurance premiums (if any) that should be borne by the borrower according to mandatory provisions of laws, regulations, and administrative regulations. The borrower’s consent needs to be obtained in advance, and the undue amount in the account/digital RMB wallet will be deemed to have expired in advance. If account/ The currency of the payment in the digital RMB wallet is different from the borrowing currency. The lender has the right to convert it into the borrowing currency according to the foreign exchange listing price of the day. To repay a loan and need to go through procedures for foreign exchange settlement and sale or foreign exchange transaction, the borrower is obliged to assist the lender in handling the exchange rate risk. borne by the borrower. When the lender withholds the borrower’s unexpired time deposits and all of them need to be withdrawn in advance, they will be listed based on the date of withdrawal. Interest will be calculated based on the announced current deposi...
Rights and Obligations of Lenders. 2.1 (i) The Lenders shall, in accordance with this Agreement, each lend the Individual Loan Amount to the Borrower on the Drawdown Date if the requirements provided for in each item of Clause 4 are satisfied.
Rights and Obligations of Lenders. 2.1 During the Commitment Term, tThe Lenders shall, in accordance with this Agreement and upon the request by the Borrower for a drawdown of the Loan pursuant to Clause 5, owe the Lending Obligationslend the Individual Loan Amount to the Borrower on the Desired Drawdown Date specified in such request if the requirements provided for in each item of Clause 6 are satisfied.
Rights and Obligations of Lenders. 2.1 The Lender shall lend money in the amount up to the Maximum Loan Amount to the Borrowers in the denomination of Japanese yen only.
2.2 By giving at least ten (10) Business Day advance written notice, All Borrowers can reduce the Maximum Loan Amount in full or in part; provided, however, that once reduced, the Maximum Loan Amount will not be restored to prior levels. The reduction amount in a case of partial reduction must be an amount that is at least one hundred million yen (JPY 100,000,000) and is an integral multiple of ten million yen (JPY 10,000,000).
2.3 In the following cases, the Lender’s Lending Obligation will extinguish:
(i) if the Drawdown Period has ended;
(ii) if any event set forth in Article 19.1 or 19.2 has occurred;
(iii) if the number of drawdowns has reached three (3);
(iv) if execution and performance of this Agreement by the Lender has become illegal; or
(v) if the unused amount of the Maximum Loan Amount has been reduced to zero. Term Loan Agreement for QAON G.K. etc. dated September 30, 2015
2.4 If the Lender fails to make a Loan on a Drawdown Date in breach of its Lending Obligation, the Lender shall, upon the request of the relevant Borrower, promptly compensate the Borrower for all Damages incurred by the Borrower as a result of such breach.
Rights and Obligations of Lenders. 2.1 Unless otherwise set forth in this Agreement, each Lender may exercise the rights under this Agreement separately and independently.
2.2 Each Lender shall lend money in the amount equivalent to its Individual Loan Amount to the Borrower in the denomination of Japanese yen only.
2.3 Unless otherwise set forth in this Agreement, the obligations of each Lender under this Agreement shall be separate and independent, and a Lender shall not be released from its obligations under this Agreement for the reason that any of the other Lenders fails to perform such obligations. No Lender shall be responsible for any failure of any of the other Lenders to perform its obligations under this Agreement.
2.4 If a Lender fails to make an Individual LoSean on the Drawdown Date in breach of its Lending Obligation, such Lender shall, upon the request of the Borrower, immediately compensate the Borrower for all Damages incurred by the Borrower with respect to such breach.
