Examples of Funding Lenders in a sentence
The obligations of the Lenders hereunder to make Committed Loans (including Loans denominated in the Alternative Currency in the event they are Alternative Currency Funding Lenders), to fund participations in Letters of Credit and Swing Line Loans, to make payments pursuant to Section 10.04(c) and to fund Alternative Currency Risk Participations (if they are Alternative Currency Participating Lenders) are several and not joint.
If, at a later date, such Non-Funding Lender pays the amount of its failed Pro Rata Share of the applicable Advance to the Funding Lenders, together with interest as provided above, then such amount attributable to principal shall constitute such Non-Funding Lender’s funding of its Pro Rata Share of the applicable Advance.
Any of the Debtor’s Funding Lenders, Administrative Claimants or Post petition Claimants may elect to be paid their loans or claims with securities issued under the Plan.
Any funding required to form the Operating Subsidiaries or VTEC shall be provided by Aztoré in the form of additional PLG loans or other Funding Lenders in the form of additional PLG or NVLG loans.
Under the Plan, the Debtor will distribute securities of the Reorganized Debtor and securities of each of the Operating Subsidiaries to settle its administrative and other claims and its unsecured debts, certain employee obligations, Aztoré’s claims and the claims of the Funding Lenders.
The obligations of the Lenders hereunder to make Committed Revolving Loans (including Revolving Loans denominated in Alternative Currencies in the event they are Alternative Currency Funding Lenders), to fund participations in Letters of Credit and Swing Line Loans, to make payments pursuant to Section 10.04(c) and to fund Alternative Currency Risk Participations (if they are Alternative Currency Participating Lenders) are several and not joint.
Rothwell has agreed to accept in full settlement of the Rothwell Cash Claim a $44,000 Series B Note and in full settlement of the Rothwell Equity Claim a $10,000 cash payment to be provided by the Funding Lenders, plus the number of VTEC Common Shares equal to 4.99% of the Reorganized Debtor issued at the consummation of the Plan plus Operating Subsidiary Common Shares equal to ½% of each Operating Subsidiary issued at the consummation of the Plan.
Notwithstanding anything contained herein to the contrary, in no event shall any Defaulting Lender be entitled to receive any repayment of its Percentage of any Advances (or any interest earned thereon) until such time as the Funding Lenders have received repayment in full of the amount of any Partial Advance, together with all interest thereon.
Funding Lenders; Information; Actions in Concert......................
The obligations of the Lenders hereunder to make Committed Revolving Loans (including Revolving Loans denominated in Alternative Currencies in the event they are Alternative Currency Funding Lenders), to fund participations in Letters of Credit, to make payments pursuant to Section 10.04(c) and to fund Alternative Currency Risk Participations (if they are Alternative Currency Participating Lenders) are several and not joint.