Examples of Added Lender in a sentence
From and after the Increase Effective Date, (a) each Added Lender and each Increasing Lender shall be a “LC Lender” under the Loan Documents and (b) each New Issuer shall be an “Issuer” under the Loan Documents.
This Commitment Increase Supplement embodies the entire agreement among each Added Lender, each Increasing Lender, the LC Borrower, each Issuer, the other LC Lenders party hereto and the Administrative Agent with respect to the subject matter hereof and supersedes all other prior arrangements and understandings relating to the subject matter hereof.
Administrative Agent, the Issuers party hereto and the LC Borrower hereby consent to and approve the Letter of Credit Facility Commitment of each Added Lender and the increase in the Letter of Credit Facility Commitment of each Increasing Lender, and such resulting increase in the aggregate Letter of Credit Facility Commitments pursuant to Section 2.21 of the Credit Agreement.
By its execution and delivery of this Commitment Increase Supplement, each Added Lender hereby assumes all of the rights and obligations of a LC Lender under the Credit Agreement and agrees to be bound by the terms of the Credit Agreement applicable to LC Lenders.
Upon any Added Lender becoming a Lender hereunder as a result of a Commitment Increase pursuant to Section 2.14, and upon the Administrative Agent’s receipt of such Lender’s Added Lender Agreement and recording of the information contained therein in the Register, from and after the applicable Increase Date, the Administrative Agent shall make all payments hereunder and under any Notes issued in connection therewith in respect of the interest assumed thereby to the Added Lender.