Examples of Refusing Lender in a sentence
If any Lender does not consent in writing or respond to the Borrower's request then such Lender (a "Refusing Lender") shall be deemed to have rejected such request.
IBPSA Nordic / NORVAC 2018 workshop at VVS- dagene 2018, 17-19 October, Lillestrøm, Norway.
Any Lender (a "Refusing Lender") that does not confirm to the Agent and the Borrower within 7 days after receipt of such notice from the Borrower that it will make such Advance requested by the Borrower, may, in its sole discretion, refuse to provide such Advance.
The Company shall indemnify each Lender (whether an Extending Lender or Refusing Lender) for any loss or expense payable to such Lender pursuant to Section 2.8 as a result of any extension of the Maturity Date pursuant to this Section 2.17 and any assignment of such Lender’s Commitments and Advances or any reallocation of such Lender’s Pro Rata Share in connection with such extension.
This is normally paid to partners at a rate of interest on capital.
On the Initial Termination Date (or the First Extended Facility A Termination Date (as the case may be)), the Company shall repay each Refusing Lender such Refusing Lender's share of each outstanding Utilisation under the relevant Facility which is the subject of the relevant Extension Request and all other sums in relation thereto then due to that Lender in respect of that Facility pursuant to the Finance Documents but unpaid together with accrued interest thereon.
If any Lender does not consent or respond to the Borrower's request then such Lender (a "Refusing Lender") shall be deemed to have rejected such request.
Subject to clause 2.5(e), the Proposed Participation of each Refusing Lender in the relevant Facility held by that Refusing Lender as at the Initial Termination Date (or the First Extended Facility A Termination Date (as the case may be)) shall automatically be cancelled and reduced to zero (0) on the Initial Termination Date (or the First Extended Facility A Termination Date (as the case may be).
Given the uncommitted character of the Uncommitted Facility, a Refusing Lender may refuse to fund any requested Utilisation even if the conditions set out in paragraph (b) below are complied with by the proposed Borrower(s).
For the avoidance of doubt, the other Lenders under the Uncommitted Facility shall have no obligation whatsoever to make available (part of) the requested Utilisation that would otherwise have been funded by the Refusing Lender.