Treaty Lender. If a New Lender fails to indicate its status in accordance with this Section 3.2(e), then that New Lender shall be treated for the purposes of this Agreement (including by any English Borrower) as if it is not a U.K. Qualifying Lender until such time as it notifies the Administrative Agent which category of U.K. Qualifying Lender applies (and the Administrative Agent, upon receipt of such notification, shall inform the relevant English Borrower). For the avoidance of doubt, the Assignment and Assumption which a Lender executes on becoming a party to this Agreement shall not be invalidated by any failure of a New Lender to comply with this Section 3.2(e).
Appears in 2 contracts
Samples: Credit Agreement (Signet Jewelers LTD), Credit Agreement (Signet Jewelers LTD)
Treaty Lender. If a New Lender fails to indicate its status in accordance with this Section 3.2(e5.9.1(b), then that such New Lender shall be treated for the purposes of this Agreement (including by any English each U.K. Borrower) as if it is not a U.K. Qualifying Lender until such time as it notifies the Administrative Agent which category of U.K. Qualifying Lender applies (and the Administrative Agent, upon receipt of such notification, shall inform the relevant English BorrowerU.K. Borrower Agent). For the avoidance of doubt, the Assignment and Assumption documentation which a Lender executes on becoming a party to this Agreement as a Lender shall not be invalidated by any failure of a New Lender to comply with this Section 3.2(e5.9.1(b).
Appears in 2 contracts
Samples: Security and Guaranty Agreement (Helix Energy Solutions Group Inc), Loan, Security and Guaranty Agreement (Helix Energy Solutions Group Inc)
Treaty Lender. If a New Lender fails to indicate its status in accordance with this Section 3.2(e5.9.1(b), then that such New Lender shall be treated for the purposes of this Agreement (including by any English each U.K. Borrower) as if it is not a U.K. Qualifying Lender until such time as it notifies the Administrative Agent which category of U.K. Qualifying Lender applies (and the Administrative Agent, upon receipt of such notification, shall inform the relevant English BorrowerU.K. Borrower Agent). For the avoidance of doubt, the Assignment and Assumption documentation which a Lender executes on becoming a party to this Agreement as a Lender shall not be invalidated by any failure of a New Lender to comply with this Section 3.2(e5.9.1(b)..
Appears in 1 contract
Samples: Loan, Security and Guaranty Agreement (Helix Energy Solutions Group Inc)
