Relation Among Lenders Sample Clauses

The "Relation Among Lenders" clause defines the rights, obligations, and interactions between multiple lenders involved in a syndicated loan or similar financing arrangement. It typically outlines how decisions are made collectively, how information is shared, and the procedures for actions such as amendments, waivers, or enforcement of rights. For example, it may specify voting thresholds for approving changes to loan terms or designate an agent to act on behalf of all lenders. This clause ensures coordinated action among lenders, prevents conflicts, and provides a clear framework for managing the relationship, thereby reducing the risk of disputes and inefficiencies.
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Relation Among Lenders. The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Agent) authorized to act for, any other Lender.
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Relation Among Lenders. The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Agent) authorized to act for, any other Lender. No Lender or any Affiliate of any Lender that obtains the benefits of Section 7.23 by virtue of the provisions hereof or of any Guaranty or Security Agreement, shall have the right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Agreement or any other Loan Document to the contrary, the Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made, with respect to, Obligations arising under any Bank Product.
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Relation Among Lenders. The UK Lenders are not partners or co-venturers, and no UK Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of any UK Agent) authorized to act for, any other UK Lender.
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Relation Among Lenders. The US Lenders are not partners or co-venturers, and no US Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of any US Agent) authorized to act for, any other US Lender.
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Relation Among Lenders. 82 12.20 Co-Agents...................................................82
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Relation Among Lenders. The Lenders are not partners or co-venturers, ---------------------- and no Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Agent) authorized to act for, any other Lender. The designation of any Lender as Administrative Agent shall infer no additional rights, except as provided in Section 15.7, or responsibilities on ------------ such Lender other than the rights and responsibilities it has as a Lender under the Agreement.
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Relation Among Lenders. The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Administrative Agent) authorized to act for, any other Lender. The Administrative Agent shall have the exclusive right on behalf of the Lenders to enforce the payment of the principal of and interest on any Loan after the date such principal or interest has become due and payable pursuant to the terms of this Agreement.
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Relation Among Lenders. 75 12.20 No Reliance on Administrative Agent's Customer Identification Program..........................................................75 12.21
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Related to Relation Among Lenders

  • Additional Commitment Lenders The Company shall have the right, but shall not be obligated, on or before the applicable Maturity Date for any Non-Extending Lender to replace such Non-Extending Lender with, and add as “Lenders” under this Agreement in place thereof, one or more financial institutions that are not Ineligible Institutions (each, an “Additional Commitment Lender”) approved by the Administrative Agent in accordance with the procedures provided in Section 2.19(b), each of which Additional Commitment Lenders shall have entered into an Assignment and Assumption (in accordance with and subject to the restrictions contained in Section 9.04, with the Company or replacement Lender obligated to pay any applicable processing or recordation fee) with such Non-Extending Lender, pursuant to which such Additional Commitment Lenders shall, effective on or before the applicable Maturity Date for such Non-Extending Lender, assume a Commitment (and, if any such Additional Commitment Lender is already a Lender, its Commitment shall be in addition to such Lender’s Commitment hereunder on such date). Prior to any Non-Extending Lender being replaced by one or more Additional Commitment Lenders pursuant hereto, such Non-Extending Lender may elect, in its sole discretion, by giving irrevocable notice thereof to the Administrative Agent and the Company (which notice shall set forth such Lender’s new Maturity Date), to become an Extending Lender. The Administrative Agent may effect such amendments to this Agreement as are reasonably necessary to provide for any such extensions with the consent of the Company but without the consent of any other Lenders.