Examples of Continuing Lenders in a sentence
The right of the Borrower to effect such a termination pursuant to Section 2.08(b) or (c) is conditioned on there being sufficient unused availability in the Commitments of the Continuing Lenders such that the aggregate Revolving Outstandings will not exceed the aggregate Commitments after giving effect to such termination and redetermination.
Without prejudice to Clause 2.6 (Appointment of Successor Agent), each Continuing Lender appoints the Successor Agent to act as the agent of the Continuing Lenders for the purposes of this Clause 4 (Conditions Precedent).
The Continuing Lenders and Incremental Lenders shall, if appropriate, make all appropriate adjustments in payments under the Credit Agreement, the Notes and the other Loan Documents for periods prior to the adjustment date among themselves.
The Borrower, on the one hand, and the Administrative Agent and the Continuing Lenders, on the other hand, agree that the redetermination of the Borrowing Base pursuant to this Article V shall constitute the regularly scheduled semi-annual April 2018 redetermination of the Borrowing Base pursuant to Section 2.14 of the Credit Agreement.