Examples of Borrower Representative in a sentence
Each of the Syndication Agent, the Documentation Agent and any Agent described in clause (f) of the definition thereof may resign from such role at any time, with immediate effect, by giving prior written notice thereof to Administrative Agent and Borrower Representative.
Only the consent of each Additional Lender shall be required for Incremental Revolving Commitments pursuant to this Section 2.3. Borrower Representative shall have discretion to adjust the allocation of such Incremental Revolving Commitments among the then-existing Lenders and the Additional Lenders (as it may elect).
In addition, any Recipient, if reasonably requested by Borrower Representative or Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by Borrower Representative or Administrative Agent as will enable Borrower Representative or Administrative Agent to determine whether or not such Recipient is subject to backup withholding or information reporting requirements.
If Administrative Agent is a Defaulting Lender, Borrowers may remove such Defaulting Lender from such role upon 15 days’ notice by Borrower Representative to the Lenders.
Upon any such notice of resignation, if a successor Administrative Agent has not already been appointed by the retiring Administrative Agent, Requisite Lenders shall have the right, upon five Business Days’ notice to Borrower Representative, to appoint a successor Administrative Agent that is acceptable to Borrowers.