Examples of Combined Lenders in a sentence
From time to time following the occurrence of a Global Borrowing Base Deficiency, U.S. Borrowing Base Deficiency or the Sharing Date, each Combined Lender shall promptly provide its Administrative Agent with all necessary information to enable the Global Administrative Agent to calculate U.S. Obligations or Canadian Obligations, or the Sharing Percentages of the Combined Lenders.
In the absence of written instructions, containing the appropriate indemnities, from the Combined Lenders or Majority Lenders as appropriate for any particular matter, the Global Administrative Agent shall have no duty to take or refrain from taking any action unless such action or inaction is explicitly required by the terms of this Agreement.
Nothing in this Agreement shall impair the right of the Global Administrative Agent in its discretion to take any action to the extent that the consent of any of the Combined Lenders is not required or to the extent such action is not prohibited by the terms hereof.