Examples of Additional Committing Lender in a sentence
Each Lender (including any Additional Committing Lender) acknowledges and agrees that its Commitment is not conditioned upon a successful syndication and that no assignment and assumption by any assignee of any obligations of such Lender (other than to an Additional Committing Lender pursuant to Section 1) in respect of any portion of its Commitment shall relieve such Lender of its obligations hereunder with respect to such portion of the Commitment prior to the consummation of the Acquisition.
Any such reduction shall be applied ratably as among the Commitments of the Lenders (including any Additional Committing Lender), shall reduce permanently the Commitments then in effect, and shall constitute a termination of a portion of the Commitments in the amount of such reduction for purposes of the Fee Letter.
You shall also have the right to reduce the Commitments of the Lenders (including any Additional Committing Lender) on a pro rata basis at any time or from time to time upon written notice to them from you, however you shall still be obligated to pay the fees as and to the extent described in the Fee Letter.
You also agree that the Initial Lenders may at any time and from time to time assign all or any portion of their commitments hereunder to one or more of their affiliates, but the Initial Lenders will not be relieved of all or any portion of their commitments hereunder prior to the initial funding under the Facilities (except to the extent assigned to an Additional Committing Lender).
In cases requiring an approval for proposed procedures that will damage an artifact, the recommendations of the following Collections Committee members must be heard before a decision can be made:• an expert in the field of study (an outside consultant may be consulted)• a Bryn Mawr College professor specializing in the area of study (such as Classical or Near Eastern Archaeology, Anthropology, Classics, Geology, or the History of Art)• the Collections Manager for the Art and Archaeology Collections.
In the event that you make any such allocation, the parties hereto shall enter into a letter agreement reflecting such allocation, roles and titles and providing for a corresponding reduction in the Commitments hereunder of Barclays, DBCI and Bank of America (ratably as between such Commitments), and references herein and in the Fee Letter (as defined below) to the “Lenders” shall thereupon be deemed to include each such Additional Committing Lender.
You also agree that the Initial Lenders may at any time and from time to time assign all or any portion of their commitments hereunder to one or more of their affiliates, but no Initial Lender will be relieved, released or novated from all or any portion of its commitments hereunder until the initial funding under the Facilities (except to the extent assigned to an Additional Committing Lender).
Each Additional Committing Lender (or an affiliate of such Additional Committing Lender) shall act as a joint lead arranger and joint bookrunner for the Incremental Facility, and all references in the Commitment Letter and Fee Letter to “we”, “us”, “our”, “Lead Arranger”, and “Lead Arrangers” shall be deemed to include JPM and UBS Securities LLC acting in such capacities.
Thereafter, each such Additional Committing Lender will constitute a “Commitment Party” and an “Initial Lender” under the Commitment Papers.
Each of BofA Securities, MSSF and DBSI (in each case acting alone or through or with affiliates selected by it) will act as a lead arranger and bookrunning manager for each of the Facilities (together in such capacities, and together with each Additional Committing Lender pursuant to this Section 2, collectively the “Lead Arrangers”, and each a “Lead Arranger”).