Class D Lender definition
Examples of Class D Lender in a sentence
Such notice shall set forth (i) the amount of the requested increase and (ii) the date on which such increase is requested to become effective (which shall be not less than 10 Business Days or more than 60 days after the date of such notice unless otherwise agreed by the Borrower and the Administrative Agent), and shall offer each Class D Lender the opportunity to increase its Class D Commitment, by its Applicable Class D Percentage of the proposed increased amount.
Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each Class D Lender, specifying in such notice such Class D Lender’s Applicable Class D Percentage of such Swingline Loan or Loans.
Each Class D Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in Section 2.06 with respect to Loans made by such Class D Lender (and Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the Class D Lenders), and the Administrative Agent shall promptly pay to the Swingline Lender the amounts so received by it from the Class D Lenders.
Any payment made by a Class D Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.
If the Borrower fails to make such payment when due, the Administrative Agent shall notify each Class D Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such Class D Lender’s Applicable Class D Percentage thereof.
Each Class D Lender acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or reduction or termination of the Class D Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.
Each Class D Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the account of the Swingline Lender, such Class D Lender’s Applicable Class D Percentage of such Swingline Loan or Loans.
The student and the undersigned agree to indemnify and hold harmless the University from any suit, action at law or other claim resulting from an injury to the student's, or any third party’s, person or property while living in University Housing under this License, except to the extent that the injury is caused by the negligence of the University, or its designated Agents.
Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Class D Lender pursuant to paragraph (e) of this Section to reimburse the Issuing Bank shall be for the account of such Class D Lender to the extent of such payment.
Promptly following receipt of such notice, each Class D Lender shall pay to the Administrative Agent its Applicable Class D Percentage of the payment then due from the Borrower, in the same manner as provided in Section 2.06 with respect to Loans made by such Class D Lender (and Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the Class D Lenders), and the Administrative Agent shall promptly pay to the applicable Issuing Bank the amounts so received by it from the Class D Lenders.