Examples of Subsequent Lender in a sentence
Each Subsequent Lender hereby confirms that all approvals and authorizations required to permit the execution, delivery, performance and consummation of this Amendment, and the performance by it as a Lender under the Credit Agreement, have been obtained.
The Administrative Agent will reallocate the outstanding Loans and participations in Letters of Credit under the Credit Agreement (including any Loans made by any Subsequent Lender) such that, after giving effect thereto, all Principal Obligations are funded by the Lenders as close as reasonably possible to their Pro Rata Share.
Notwithstanding anything else in the foregoing: (i) no admission of any Subsequent Lender shall increase the Commitment of any existing Lender without such existing Lender’s consent; and (ii) no Lender shall become an Increasing Lender without such Lender’s consent.
Each Subsequent Lender hereby agrees that it will, independently and without reliance upon the Administrative Agent or any other Lender or Borrower Party and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement or any other Loan Document.
For the avoidance of doubt, such reallocation may require the reallocation of Loans from an existing Lender to a Subsequent Lender.