Examples of Group Lenders in a sentence
Each Assignment and Assumption shall have an express statement that such Loans and/or Commitments being conveyed by such Assignment and Assumption are in each case subject to the Intercreditor Agreement Among Group Lenders and Section 10.20 of each Group Credit Agreement.
This certificate should state the amount of grant received and confirm that tax and social security payments have not been made.
We will need to engage with CDR Group Lenders to ascertain our liability and quantum of liability if any under right of recompense clause of the CDR scheme.
Any requirements imposed by the CDR Group Lenders on us during the subsistence of the CDR Package may adversely impact the flexibility available to the management in running the business including through limitations on seeking additional financing, increase our cost of financing, or may lead to additional liabilities on our Company.
Apart from the above, the Restructuring Agreements confers certain rights on CDR Group Lenders (namely Corporation Bank, Oriental Bank of Commerce, Union Bank of India, Bank of Baroda, Bank of India, Indian Overseas Bank and IDBI Bank), including, right to appoint nominee directors to our Board, acquiring security over any immoveable properties acquired by the Company and right of recompense.
During any Event of Default, Agent may (and shall at the direction of Required Borrower Group Lenders of the applicable Borrower Group) declare that no Loan may be made, converted or continued as a LIBOR Loan.
If, in sufficient time to act, U.S. Issuing Bank receives written notice from Agent or Required Borrower Group Lenders that a U.S. LC Condition has not been satisfied, U.S. Issuing Bank shall not issue the requested U.S. Letter of Credit.
During any Event of Default, Agent may (and shall at the direction of Required Borrower Group Lenders of the Borrower Group that consists of the Canadian Borrowers) declare that no Loan may be made, converted or continued as a Canadian BA Rate Loan.
If, in sufficient time to act, Foreign Issuing Bank receives written notice from Agent or Required Borrower Group Lenders that a Foreign LC Condition has not been satisfied, Foreign Issuing Bank shall not issue the requested Foreign Letter of Credit.
In Clause 17, each reference to “the Lender” will be construed as references to “the Group Lenders or any Group Lender”.