Lender Parties definition
Examples of Lender Parties in a sentence
The Lender Parties shall be entitled to rely and act upon any notices purportedly given by or on behalf of any Loan Party even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof.
The provisions of this Article are solely for the benefit of the Lender Parties, and no Loan Party shall have any rights as a third-party beneficiary of any of such provisions.
Each Loan Party hereby acknowledges that the Lender Parties acting in their respective capacities as such do not wish to receive MNPI.
The Administrative Agent, each of the Lender Parties and each of the Loan Parties may, at its option, create one or more copies of any Communication in the form of an imaged Electronic Record (“Electronic Copy”), which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document.
This clause (d) is solely for the benefit of such Lender Parties, and Borrower shall not have any rights as a third-party beneficiary of this clause (d).