Examples of Sterling Lender in a sentence
Without limiting the foregoing, each Converting Pounds Sterling Lender agrees to reimburse the Administrative Agent promptly upon demand for such Converting Pounds Sterling Lender’s ratable share of any costs or expenses payable by the Borrowers to the Administrative Agent in respect of the Pounds Sterling Denominated Revolving Loans to the extent that the Administrative Agent is not promptly reimbursed for such costs and expenses by the Borrowers.
Administrative Agent will promptly notify each Sterling Lender and each Sterling Fronting Lender, as applicable, of its receipt of each such notice, and of the amount of such Sterling Lender’s Applicable Tranche Percentage of such prepayment.
Credit quality of current account with the Bank of Mongolia based on credit risk is “satis- factory” as at 31 December 2023 and 31 December 2022.
Minute quantities of asbestos in bulk samples may be reported as “trace” (tr), or less than one percent.
Nothing contained in this subsection 2.15(d) shall relieve any Sterling Lender which has failed to make available its ratable portion of any borrowing hereunder from its obligation to do so in accordance with the terms hereof.
All terms of the Credit Agreement shall apply to any such Lending Installation and the Sterling Loans made hereunder shall be deemed held by each Sterling Lender for the benefit of such Lending Installation.
Whenever any Non-Excluded Taxes are payable by any Sterling Subsidiary Borrower, as promptly as possible thereafter but in any event within 45 days after the date of payment such Sterling Subsidiary Borrower shall send to the Sterling Administrative Agent for its own account or for the account of such Sterling Lender, as the case may be, a certified copy of an original official receipt received by such Sterling Subsidiary Borrower showing payment thereof.
A certificate of the Sterling Administrative Agent submitted to any Sterling Lender with respect to any amounts owing under this subsection shall be conclusive in the absence of manifest error.
Upon request, each Sterling Lender and the Fronting Lender shall promptly transfer to the Swing Line Lender, in immediately available funds in Sterling, the amount of each such participation interest.
If such Sterling Lender becomes entitled to claim any additional amounts pursuant to this subsection, it shall promptly notify the relevant Sterling Subsidiary Borrower of the event by reason of which it has become so entitled.