Examples of Relevant Lenders in a sentence
The Credit Loss Event Amount shall be calculated by reference to the Debit and the Credit Loss Event Amount Recovery so recorded by the Relevant Lender in respect of the Relevant Lender's Total Exposure in respect of that Reference Obligation immediately prior to each such Restructuring Credit Event (the "Total Credit Loss Event Amount") so that the Credit Loss Event Amount shall be in the same proportion to the Total Credit Loss Event Amount as the Defaulted Notional Amount bears to the Total Exposure.
The Forgiven Principal shall be calculated by reference to the aggregate amount (the "Total Principal Forgiven") so forgiven by the Relevant Lender in respect of the Relevant Lender's Total Exposure in respect of that Reference Obligation immediately prior to such Restructuring Credit Event so that the Forgiven Principal shall be in the same proportion to the Total Principal Forgiven as the Defaulted Notional Amount bears to the Total Exposure.
All decisions of the Majority Lenders shall be final and binding on all Relevant Lenders.
For the avoidance of doubt, nothing in this clause shall restrict the right of Relevant Lenders to adjust or appropriate any margin monies, fixed deposits, cash collateral, bank guarantee/stand by letter of credit provided by any bank or financial institution, towards its Facility.
Each of the Relevant Lenders appoint the Lead Lender to act as its agent under and in connection with the formulation and implementation of any Resolution Plan in the manner contemplated in this Agreement.