Examples of Supplemental Lenders in a sentence
Such borrowing will then be made available to the Company by the Agent crediting the account of the Company on the books of such office with the aggregate of the amounts made available to the Agent by the Supplemental Lenders and in like funds as received by the Agent.
The Company shall give the Agent irrevocable notice (which notice must be received by the Agent prior to 11:00 A.M., New York City time, on the Supplemental Closing Date) requesting that the Supplemental Lenders make the Supplemental Loans on the Supplemental Closing Date.
The Borrower shall execute and deliver to each of the Supplemental Lenders as of the date hereof, a new Note in the form attached to the Credit Agreement as Exhibit A to evidence the new Commitment of such Supplemental Lender.
Upon receipt of any such notice of borrowing from the Company, the Agent shall promptly notify each Supplemental Lender of receipt of such notice of borrowing and of such Supplemental Lender's Facility Percentage of the Secured Supplemental Loans and Unsecured Supplemental Loans to be made pursuant thereto.
On such Closing Date, the Lenders shall have received legal opinions satisfactory to the Supplemental Lenders and the Administrative Agent from counsel to the Borrower.
The obligations of the Supplemental Lenders to make any extension of credit pursuant to a Supplemental Facility pursuant to Section 2.4 (to the extent the Supplemental Lenders agreed to become so obligated) shall be subject to the satisfaction, on or before the initial Closing Date for such Supplemental Facility, of the conditions set forth in this Section 5.4, as well as the further conditions of Section 5.2.
Upon the occurrence of any Default or Event of Default, the Syndication Agent may, and at the request of the Required Supplemental Lenders, the Syndication Agent shall, without notice or demand, immediately suspend or terminate the Supplemental Lenders' obligations to make any additional Supplemental Loans.
Each of the Existing Lenders and the Supplemental Lenders, hereby agrees that from and after the date hereof it shall have a Commitment in the amount set forth opposite its name in Column (A) of Schedule 2 attached hereto, resulting in a new Aggregate Commitment of $200,000,000 as of the date hereof, and each of the Supplemental Lenders hereby assumes all of the rights and obligations of a Lender under the Credit Agreement.
In addition, the Borrower shall pay to the Second Supplemental Lenders from time to time all fees set forth in the Second Supplemental Fee Letter on such date.
In consideration of the foregoing, the Supplemental Lenders, from and after the date hereof shall each have a Commitment in the amount set forth next to its signature below, resulting in a new Aggregate Commitment of $390,000,000 as of the date hereof.