Examples of Acquisition Loan Lender in a sentence
Each Issuance of a Letter of Credit shall be deemed to utilize the Acquisition Loan Commitment of each Acquisition Loan Lender by an amount equal to the amount of such participation (including for the purpose of calculating fees payable pursuant to Section 5.4).
If any Acquisition Loan Lender so notified fails to make available to the Agent for the account of the Issuing Bank said amount by no later than 12:00 noon, Houston, Texas time, on the Honor Date, then interest shall accrue on such Lender’s obligation to make such payment, from the Honor Date to the date such Lender makes such payment, at the rate per annum equal to the Federal Funds Rate in effect from time to time during such period.
Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Loan Document or constitute a "Lender", a "Revolving Lender", or an "Acquisition Loan Lender" (or be included in the calculation of "Requisite Lenders", " or "Supermajority Revolving Lenders" hereunder) for any voting or consent rights under or with respect to any Loan Document.
All payments by each Revolving Lender and each Acquisition Loan Lender shall be made without setoff, counterclaim or deduction of any kind.
If any Revolving Lender or Acquisition Loan Lender fails to pay the amount of its Pro Rata Share forthwith upon Agent's demand, Agent shall promptly notify Borrower and Borrower shall immediately repay such amount to Agent.
Agent may assume that (i) each Revolving Lender will make its Pro Rata Share of each Revolving Credit Advance available to Agent on each funding date, and (ii) each Acquisition Loan Lender will make its Pro Rata Share of each Acquisition Loan Advance available to Agent on each funding date.
If any Acquisition Loan Lender so notified fails to make available to the Agent for the account of the relevant Issuing Bank said amount by no later than 12:00 noon, Houston, Texas time, on the Honor Date, then interest shall accrue on such Lender’s obligation to make such payment, from the Honor Date to the date such Lender makes such payment, at the rate per annum equal to the Federal Funds Effective Rate in effect from time to time during such period.
Each Acquisition Loan Lender shall make the amount of such Acquisition Loan Lender's Pro Rata Share of such Acquisition Loan Advance available to Agent in same day funds by wire transfer to Agent's account as set forth in Annex H not later than 11:00 a.m. (Chicago time) on the requested funding date.
If such Pro Rata Share is not, in fact, paid to Agent by such Revolving Lender or Acquisition Loan Lender when due, Agent will be entitled to recover such amount on demand from such Revolving Lender or Acquisition Loan Lender without setoff, counterclaim or deduction of any kind.
To the extent that Agent advances funds to Borrower on behalf of any Revolving Lender or Acquisition Loan Lender and is not reimbursed therefor on the same Business Day as such Advance or Acquisition Loan Advance is made, Agent shall be entitled to retain for its account all interest accrued on such Advance or Acquisition Loan Advance until reimbursed by the applicable Revolving Lender or Acquisition Loan Lender.