SyndTrak Sample Clauses
The 'SyndTrak' clause designates the use of the SyndTrak platform, a secure online system, for managing and sharing information related to a syndicated loan transaction. This clause typically requires all parties to access documents, updates, and communications through the platform, ensuring that everyone has timely and consistent access to relevant materials. By centralizing information exchange, the clause streamlines coordination among lenders and agents, reduces the risk of miscommunication, and enhances the efficiency of the syndication process.
SyndTrak. A commercially available software offering an integrated syndicated loan deal management, amendment vote tracking, and secure data rooms. Tangible Net Worth. With respect to the Parent Guarantor and its Subsidiaries, the difference between (a) Total Asset Value less (b) all Indebtedness of the Parent Guarantor and its Subsidiaries.
SyndTrak. Borrower hereby acknowledges that Administrative Agent will make available to Lenders all information provided by or on behalf of Borrower or Guarantor hereunder or under the other Loan Documents (collectively, “Borrower Materials”) by posting Borrower Materials on SyndTrak® or another similar electronic system (the “Platform”). Administrative Agent shall pay all reasonable fees, costs and expenses incurred in connection with any Platform. Administrative Agent acknowledges and agrees, solely with respect to each Lender, that it will post (i) all reports that are required to be delivered by Borrower and are actually received by Administrative Agent, (ii) any amendments, modifications or replacements of the Loan Documents made after the Closing Date and (iii) any notices which require the consent of any Lender, on SyndTrak® or the applicable electronic system that Administrative Agent is then using to post Borrower Materials to the Lenders.