Interim Lenders definition
Examples of Interim Lenders in a sentence
The Interim Lenders authorise (but do not require) the Interim Facility Agent to give that notification.
If a Market Disruption Notice is given in respect of a proposed Disrupted Loan, the interest rate applicable on each Interim Lender's participation in that Disrupted Loan will be the rate certified by that Interim Lender to the Interim Facility Agent no later than five (5) Business Days after the Rate Fixing Day to be its cost of funds (from any source which it may reasonably select) plus the Margin.
In this case, the Interim Lender and its Affiliate will be treated as having a single Interim Commitment and a single vote, but, for all other purposes, will be treated as separate Interim Lenders.
Any cancellation shall reduce the Interim Commitments of the Interim Lenders rateably under the Interim Facility.
The Interim Lenders have agreed to extend credit and the Issuing Banks have agreed to issue Bank Guarantees to the Borrower subject to the terms and conditions set forth in the Interim Facilities Agreement.