Loan Lender definition
Examples of Loan Lender in a sentence
The Administrative Agent shall use such funds to repay the Swing Loans to the Swing Loan Lender.
Borrower understands and agrees that in making the Loan, Lender is relying on all representations, warranties, and covenants made by Borrower in this Agreement or in any certificate or other instrument delivered by Borrower to Lender under this Agreement or the Related Documents.
Upon receipt of such notice the Administrative Agent shall promptly notify each Term Loan Lender thereof.
Each borrowing of Swing Loans shall be advanced by Swing Loan Lender alone.
These items are called “Escrow Items.” At origination or at any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item.
The Administrative Agent shall promptly notify the Swing Loan Lender of the details of the requested Swing Loan.
Swing Loan Lender’s agreement to make Swing Loans under this Agreement is cancelable at any time for any reason whatsoever and the making of Swing Loans by Swing Loan Lender from time to time shall not create any duty or obligation, or establish any course of conduct, pursuant to which Swing Loan Lender shall thereafter be obligated to make Swing Loans in the future.
The Swing Loan Note shall be payable to the order of the Swing Loan Lender in the principal face amount equal to the Swing Loan Commitment and shall be payable as set forth below.
There shall be no amendment, modification or waiver of any provision in the Loan Documents with respect to Swing Loans without the consent of the Swing Loan Lender, nor any amendment, modification or waiver of any provision in the Loan Documents with respect to Letters of Credit without the consent of the Issuing Lender.
Upon receipt of such Borrowing Notice the Administrative Agent shall promptly notify each Term Loan Lender thereof.