Examples of Additional Initial Term Lender in a sentence
Each Additional Initial Term Lender shall become party to the Existing Credit Agreement and the Amended Credit Agreement by executing a joinder agreement in the form attached hereto as Annex II (a “Additional Initial Term Lender Joinder Agreement”, which shall be deemed a “Joinder Agreement” for purposes of the Existing Credit Agreement and Amended Credit Agreement).
The Administrative Agent shall have received executed Additional Initial Term Lender Joinder Agreements from each Additional Initial Term Lender (and, in each case, acknowledged by the Borrower).
Subject to the terms and conditions set forth herein, each and in the First Amendment, the Additional Initial Term Lender with anthe Additional Initial Term Commitment severally agrees to make a single loan denominated in Dollars (the “Additional Initial Term Loans”) to the Initial U.S. Borrower (on behalf of the Borrowers on a joint and several basis) on the ClosingFirst Amendment Effective Date in an amount not to exceed suchthe Additional Initial Term Lender’s Additional Initial Term Commitment.
Further, the Additional Initial Term Lender shall be entitled to the indemnification provisions from the Borrower in favor of the Lenders as provided in the Credit Agreement and the other Loan Documents.
The Borrower agrees that the Additional Initial Term Lender shall have all of the rights and remedies of a Lender under the Credit Agreement and the other Loan Documents as if the Additional Initial Term Lender were an original Lender under and signatory to the Credit Agreement.
The Additional Initial Term Lender, subject to the terms and conditions hereof, hereby assumes all obligations with respect to its Loans, which obligations shall include, but shall not be limited to, the obligation to indemnify the Administrative Agent as provided in the Credit Agreement.
The Additional Initial Term Lender makes and confirms to the Administrative Agent and the other Lenders all of the representations, warranties and covenants of a Lender under the Credit Agreement.
The Borrower hereby agrees that the Additional Initial Term Lender shall be a Lender under the Credit Agreement having the Loans as set forth herein.
This Joinder Agreement shall be binding upon the Additional Initial Term Lender, and its successors and permitted assigns and shall inure to the benefit of the Borrower, the Administrative Agent, and the Lenders, and their respective successors and permitted assigns.
This Joinder Agreement may not be amended, changed, waived or modified except by a writing executed by the Additional Initial Term Lender, the Borrower and the Administrative Agent.