Subsequent Lender definition
Examples of Subsequent Lender in a sentence
For the avoidance of doubt, such reallocation may require the reallocation of Loans from an existing Lender to a Subsequent Lender or Increasing Lender.
Upon the effectiveness of any such increase in the Aggregate Commitment, Schedule 1.1 will be automatically updated to reflect any corresponding increase in any Lender’s Commitment or the Commitment of any Subsequent Lender.
After the admission of any Subsequent Lender or the increase in the Commitment of any Increasing Lender, Administrative Agent shall promptly provide to each Lender and to Borrower a new SCHEDULE 2.1 to this Agreement.
Upon the effectiveness of any such increase in the Aggregate Commitment, the aggregate Loan Commitment amount will be automatically updated to reflect any corresponding increase in any Lender’s Commitment or the Commitment of any Subsequent Lender.
After the admission of any Subsequent Lender or increase in the Commitment of any Increasing Lender, the Administrative Agent shall promptly provide to each Lender and to Borrower copies of the signature pages of such Subsequent Lender or Increasing Lender, and a statement of the current Aggregate Commitment and related Percentage of each Lender (which may be in the form of a revised Schedule 1.1).