Offshore Lenders definition
Examples of Offshore Lenders in a sentence
Parent represents and warrants that, except for claims against Cornamusa, none of the Offshore Lenders have any claims against the River Business or the Ocean Business.
Upon receipt of any such request Administrative Agent will promptly notify Sub-Agent, Fronting Offshore Lender and Offshore Lenders thereof, and Fronting Offshore Lender and each Offshore Lender will use its commercially reasonable efforts to respond to such request within two Business Days of receipt thereof.
This Agreement and the other Transaction Documents govern the present relationship between the Borrower (including in its capacity as successor-by-merger to the Offshore Borrower), the Collateral Manager (including in its capacity as successor-by-merger to the Onshore Collateral Manager and the Offshore Collateral Manager), the Lenders (including, to the extent applicable, in their respective capacities as Onshore Lenders and Offshore Lenders), the Administrative Agent and the Collateral Custodian.
No Offshore Participation may be sold, pledged, assigned, or otherwise transferred without Fronting Offshore Lender's prior written consent; provided that this restriction shall not apply to (1) any such transfer to any of such Offshore Participant's Affiliates; or (2) a pro rata assignment in accordance with subsection 12.1B of the Revolving Loan Commitment and Revolving Loan held by such Offshore Participant.
Any Offshore Overdraft Account Provider may resign at any time by giving 30 days prior written notice thereof to the relevant Offshore Lenders, the relevant Subsidiary Borrower, the relevant Offshore Administrative Agent and Administrative Agent.
Subject to the provisions of subsections 2.1C(ii) and 2.1C(iii), aggregate principal and interest payments in respect of Offshore Loans shall be apportioned among the Offshore Loans to which such payments relate, in each case proportionally to the relevant Offshore Lenders' respective Pro Rata Shares.
Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of Borrowers herein set forth, each Term Loan Lender hereby severally agrees to make the Term Loans described in subsection 2.1 A(i), each Revolving Lender hereby severally agrees to make the Revolving Loans described in subsection 2.1A(ii), and Offshore Lenders hereby agree to make the Offshore Revolving Loans described in subsection 2.1A(iii).
The Administrative Agent will promptly notify each Offshore Lender and the Offshore Sub-Administrative Agent of its receipt of each such notice, and of the amount of such Offshore Lender's Offshore Applicable Percentage of such prepayment.
Whenever a Subsidiary Borrower desires that the applicable Offshore Lenders increase their respective Offshore Loan Commitments pursuant to this subsection 2.1D(i), it shall deliver to each other Borrower, Administrative Agent and the relevant Offshore Administrative Agent a notice (a "Request for Commitment Increase") requesting such increase at least five Business Days in advance of the proposed date of such increase (the "Commitment Increase Date").
At any time that Base Rate Hybrid Offshore Loans are outstanding, the Administrative Agent shall notify the Company and the Offshore Lenders of any change in Bank of America's prime rate used in determining the Base Rate promptly following the public announcement of such change.