Lender Swap Provider definition
Examples of Lender Swap Provider in a sentence
No Lender Swap Provider shall have any voting rights under this Agreement or any other Loan Document as a result of the existence of obligations owed to it under any such Lender Swap Agreements.
A default shall occur under any Swap Agreement between a Lender Swap Provider and any Borrower or an Affiliate of any Borrower and such default shall continue unremedied beyond any grace or cure period therein provided.
No Lender Swap Provider shall have any voting or consent rights under any Loan Paper as a result of the existence of obligations owed to it under any such Swap Agreements.
Notwithstanding the foregoing, Obligations arising under Cash Management Agreements and Lender Swap Contracts shall be excluded from the application described above if the Administrative Agent has not received a Secured Party Designation Notice, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Lender Swap Provider, as the case may be.
No Lender Swap Provider shall have any voting or consent rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap Agreements.
Each Cash Management Bank or Lender Swap Provider not a party to this Agreement that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of Article IX for itself and its Affiliates as if a “Lender” party hereto.
The Administrative Agent shall not be deemed to have knowledge of any Lender Swap Contract unless it receives written notice from the Loan Parties or the Lender Swap Provider that is a party thereto, such notice to specify, as applicable, that such Lender Swap Provider is a “Lender Swap Provider” as herein defined and that such Lender Swap Contract is a “Lender Swap Contract” as herein defined.
The Administrative Agent shall not be deemed to have knowledge of any Lender Swap Contract unless it receives written notice from the Loan Parties or the Lender Swap Provider that is a party thereto, such notice to specify that such Lender Swap Provider is a “Lender Swap Provider” as herein defined and to specify that such Lender Swap Contract is a “Lender Swap Contract” as herein defined.
No Lender Swap Provider shall have any voting or consent rights under 181 any Loan Document as a result of the existence of obligations owed to it under any such Swap Agreements.