Examples of Structured Lender in a sentence
Notwithstanding anything contained in this Section 2.2(b) or elsewhere in this Agreement to the contrary, no Committed Lender shall be obligated to provide the Borrower with funds in connection with an Advance in an amount that would result in the portion of the Advances then funded by it exceeding its Commitment then in effect (minus the unrecovered principal amount of such Committed Lender’s investments in the Advances pursuant to the Structured Lender Liquidity Arrangement to which it is a party).
The "Support Bank Percentage" of each Support Bank is as follows: __________________________.]**/ --------------------------- **Use bracketed language if Assignee is a Structured Lender and its Purchases are discretionary.
Notwithstanding the foregoing, no Structured Lender shall be obligated to reimburse or indemnify the Agent pursuant to this Section 5.6; provided that one or more support Banks (severally and in such portions as is reasonably acceptable to such Structured Lender and the Agent) shall have agreed in a manner reasonably acceptable to such Structured Lender and the Agent to provide such reimbursement and indemnification to the aggregate extent of such Structured Lender's Percentage thereof.
Net Spread shall be *** or more after giving effect to the Advance, to the transfer of Dealer Transaction Rights from the Seller to the Borrower on the date of such Advance and the application of the proceeds thereof in accordance with Section 2.3. No Lender which is a Structured Lender shall make any Advance unless such Lender’s Support Facilities are in full force and effect.
If any such Structured Lender’s Support Facilities are not in full force and effect, the Committed Lenders for such Structured Lender shall make such Advance so long as the conditions to such Advance in this Section 7.2 are satisfied.