Examples of Committed Lender in a sentence
Each Committed Lender hereby authorizes the Agent or the corresponding Funding Agent to set off and apply any and all amounts at any time owing to such Committed Lender under any Transaction Document or otherwise payable by the Agent or such Funding Agent to the Lender from any other source against any amount due to the Agent or such Funding Agent under this paragraph (E).
A certificate as to the amount of such payment or liability delivered to any Committed Lender by the Agent or the corresponding Funding Agent shall be conclusive absent manifest error.
Each Committed Lender authorizes the Funding Agent in its Lender Group to enter into each of the Transaction Documents to which it is a party and each Lender authorizes the Funding Agent in its Lender Group to take all action contemplated by such documents in its capacity as Funding Agent.
The obligation of the Committed Lender in each Lender Group or Swingline Lender to remit any Revolving Loan or Swingline Loan shall be several from that of the other Lenders, and the failure of any Committed Lender to so make such amount available to its Lender Agent or the failure of any Swingline Lender to make such amount available to the Borrower shall not relieve any other Committed Lender of its obligation hereunder.