Non-Consenting Lender definition
Examples of Non-Consenting Lender in a sentence
No action by or consent of the Non-Consenting Lender shall be necessary in connection with such assignment, which shall be immediately and automatically effective upon payment of such purchase price.
In connection with any such assignment the Borrower, Administrative Agent, such Non-Consenting Lender and the replacement Lender shall otherwise comply with Section 9.04; provided, that if such Non-Consenting Lender does not comply with Section 9.04 within one Business Day after the Borrower’s request, compliance with Section 9.04 shall not be required to effect such assignment.
Notwithstanding anything herein to the contrary (including in Section 10.07), by receiving the amounts described in clause (b) above, each Non-Consenting Lender shall automatically be deemed to have assigned its Loans pursuant to the terms of the Assignment and Assumption, and accordingly no other action by such Non-Consenting Lender shall be required in connection therewith.