Examples of Australian Fronting Lender in a sentence
Each Multicurrency Revolving Credit Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds in the same manner as provided in Section 2.02(c) with respect to Loans made by such Lender (and Section 2.02(c) shall apply, mutatis mutandis, to the payment obligations of the Lenders) and the Administrative Agent shall promptly pay to the Australian Fronting Lender the amounts so received by it from the Multicurrency Revolving Credit Lenders.
Each Australian Funding Lender (or its Designated Offshore Currency Affiliate) and the Australian Fronting Lender shall make the amount of its Australian Loan available to the Australian Agent in Same Day Funds at the Australian Agent’s Office for the applicable currency not later than the Applicable Time specified by the Australian Agent on the Business Day specified in the applicable Australian Loan Notice.
Each such prepayment shall be applied to the Australian Loans of the Australian Fronting Lender and the Australian Funding Lenders, ratably in accordance with the Australian Fronting Share of the Australian Fronting Lender and the respective Pro Rata Shares of the Australian Funding Lenders.
Upon request, each Borrower (at its expense) shall execute and deliver a Note to the assignee Lender, provided that the Canadian Borrower shall not execute or deliver a Note to any Lender other than the Canadian Fronting Lender and the Canadian Funding Lender, and the Australian Borrower shall not execute or deliver a Note to any Lender other than the Australian Fronting Lender and the Australian Funding Lenders.
The Administrative Agent shall notify the Australian Borrower of any participations in any Australian Fronted Loan acquired pursuant to this paragraph and thereafter payments in respect of such Australian Fronted Loan shall be made in dollars and to the Administrative Agent and not to the Australian Fronting Lender.
The Australian Borrower shall have the right at any time from time to time to prepay any Australian Fronted Loan, in whole or in part, upon giving written or fax notice (or telephone notice promptly confirmed by written, or fax notice) to the Australian Fronting Lender and to the Administrative Agent before 12:00 (noon), Local Time, two Business Days before the date of prepayment at the Australian Fronting Lender’s address for notices specified on Schedule 2.01.
Each notice by the Australian Borrower pursuant to this Section 2.06(b) must be accomplished by delivery to the Australian Agent and the Australian Fronting Lender of a written Australian Loan Notice, appropriately completed and signed by a Funding Officer of the Australian Borrower.
The Australian Fronting Lender shall notify the Australian Borrower and the Administrative Agent of the Australian Fronted Base Rate or the Bank Xxxx Rate or the Adjusted LIBO Rate, as applicable, applicable to any Australian Fronted Loans promptly following each determination thereof.
Accessible spaces shall be counted towards the fulfillment of the on-site parking requirement for each use.
Any Agent may resign as such Agent upon 30 days’ notice to the Lenders and the Borrowers; provided that any such resignation by Bank of America may, at the option of Bank of America, also constitute its resignation or the resignation of its Affiliates or any other Agent, L/C Issuer, Swing Line Lender, Canadian Fronting Lender, Australian Fronting Lender as any of them.