Committed Lenders definition
Examples of Committed Lenders in a sentence
In the event of any such resignation as Letter of Credit Issuer or Swingline Lender, Borrower shall be entitled to appoint from among the Committed Lenders (subject to the consent of such Committed Lender in its sole discretion) a successor Letter of Credit Issuer or Swingline Lender hereunder; provided, however, that no failure by ▇▇▇▇▇▇▇▇ to appoint any such successor shall affect the resignation of PNC as Letter of Credit Issuer or Swingline Lender, as the case may be.
The obligations of the Committed Lenders under this subsection (c) are several.
Administrative Agent shall promptly notify Borrower and the Committed Lenders of the interest rate applicable to any Interest Period for Term SOFR Loans upon determination of such interest rate.
After any assignment in whole by a Conduit Lender to its Committed Lenders pursuant to this Section 13.12 at any time on or after its Conduit Investment Termination Date, all payments to be made hereunder by a Borrower Party to the Administrative Agent for the benefit of such Conduit Lender shall be made to the account specified by the applicable Funding Agent in writing to the Administrative Agent and the applicable Borrower Party.
The obligations of the Lender Groups and the Committed Lenders under this clause (ii) shall survive the payment in full of the Obligation and the termination of this Credit Agreement.