Examples of Ancillary Lender in a sentence
Ancillary Lenders, Issuing Banks) shall not restrict any right of an Ancillary Lender to net or set-off in relation to an Ancillary Facility which is a multi-account overdraft facility, to the extent permitted by and in accordance with the terms of the Senior Facilities Agreement, any Permitted Super Senior Secured Facilities Agreement or any Permitted Senior Secured Facilities Agreement.
The provisions of this Clause 4 insofar as they relate to Issuing Banks and Ancillary Lenders shall only apply to restrict or, as the case may be, permit the actions of any Issuing Bank or Ancillary Lender where the underlying Liabilities owed to that Issuing Bank or Ancillary Lender are Pari Passu Creditor Liabilities.
The provisions of this Clause 3 insofar as they relate to Issuing Banks and Ancillary Lenders shall only apply to restrict or, as the case may be, permit the actions of any Issuing Bank or Ancillary Lender where the underlying Liabilities owed to that Issuing Bank or Ancillary Lender are Super Senior Liabilities.