Examples of Responding Lender in a sentence
If the total amount that Responding Lenders are willing to increase their Tranche B Revolver Commitments exceeds the amount of the requested increase of Tranche B Revolver Commitments, Agent shall allocate the proposed increase of Tranche B Revolver Commitments among the Responding Lenders ratably in proportion to the amount that each Responding Lender specified that it was willing to assume.
If the total amount that Responding Lenders are willing to increase their Tranche A Revolver Commitments exceeds the amount of the requested increase of Tranche A Revolver Commitments, Agent shall allocate the proposed increase of the Tranche A Revolver Commitments among the Responding Lenders ratably in proportion to the amount that each Responding Lender specified that it was willing to assume.
Each Foreign Subsidiary Lender that desires to participate in the Foreign Subsidiary Incremental Facility and/or increase its Foreign Subsidiary Revolver Commitment (each a "Foreign Subsidiary Responding Lender"), shall as soon as practicable specify the amount of each such proposed Foreign Subsidiary Revolver Commitment or increase thereto, as applicable, which it is willing to assume.
In the event that more than one Responding Lender has elected to be a purchaser, then such Responding Lenders shall purchase a share of the applicable interest in the Loan in proportion to the amount that each such Responding Lender owns of the Loan.
Any Responding Lender that fails to give a Response Notice in compliance with this paragraph (c) within the Election Period shall be deemed to have given a notice electing to be a seller.
Any Responding Lender responding in the manner described in clause (III) of the immediately preceding sentence shall be deemed to consent to the applicable action that Initiating Lender desires to effectuate with respect to the Deadlocked Decision.
If the Responding Lender elect (or is deemed to have elected) to be a seller, then the Responding Lender shall sell its interest in the Loan for the applicable Buy/Sell Purchase Price.
Out of these questionnaires, those successfully collected were from 350 representing 93.1%.
To: The Royal Bank of Scotland plc, as Agent under the Senior Facilities Agreement (as defined below) Copy: Mediobanca — Banca di Credito Finanziario S.p.A. and Bank of America Xxxxxxx Xxxxx International Designated Activity Company, as Global Coordinators From: [Insert Lender name], as a Lender under the Senior Facilities Agreement (the “Responding Lender”) [·] 2019 The Responding Lender refers to the letter dated 14 June 2019 from the Parent as Obligors’ Agent to the Agent (the “Request Letter”).
The Responding Lender authorises the Agent, subject always to Clause 27 of the Senior Facility Agreement (Role of the Agent, the Arranging Parties, the Global Coordinators, and Others), to sign a copy of the Request Letter.