Examples of Supplemental Loan Lender in a sentence
On the closing date of the Supplemental Loan, Lender shall determine the portion of the Supplemental Loan allocated to a particular Mortgaged Property by Lender (the “Supplemental Allocable Loan Amount”), which Supplemental Allocable Loan Amounts shall be set forth in a separate exhibit to this Agreement.
To the extent the maturity of the Supplemental Loan is extended or the Supplemental Loan is rolled into a senior secured credit facility, Borrower shall pay to Supplemental Loan Lender, for the account of the Supplemental Loan Participants, a rollover fee in an amount equal to 5.0% of the principal amount of the Supplemental Loan as so extended and rolled.
Agent, each Lender and Supplemental Loan Lender agrees to make, or continue making, Loans and advances, and provide other financial accommodations to Borrower in accordance with the terms and conditions of the Existing Credit Agreement and the other Existing Loan Documents, subject to the terms of, and as each is amended by, this Ratification Agreement.
Borrower and Subsidiary Loan Parties have requested that Agent, Lenders and Supplemental Loan Lender make post-petition loans and advances and provide other financial or credit accommodations to Borrower and make certain amendments to the Existing Credit Agreement and the Existing ABL Guarantee and Collateral Agreement (as defined below), and Agent, Lenders and Supplemental Loan Lender are willing to do so, subject to the terms and conditions contained herein.
Except for the making of the Supplemental Loan as set forth in this Section 9.1, Borrower shall have no right to request and Supplemental Loan Lender shall have no obligation to make any additional loans or advances to Borrower under this Section 9.1 and any repayments of the Supplemental Loanshall not be subject to any readvance to or reborrowing by Borrower.
Lenders (including the Supplemental Loan Lender) holding more than 50% of total commitments or exposure under the ABL DIP shall constitute Required Lenders.
Subject to the terms and conditions contained herein, Supplemental Loan Lender shall make on the Closing Date (or shall be deemed to have made pursuant to Section 4.01(p)) a supplemental loan (the “Supplemental Loan”) to Borrower in the principal amount equal to the Supplemental Loan Amount.
With respect to amendments, modifications and waivers to any of the Loan Documents, Supplemental Loan Lender shall not be considered a Lender for voting purposes, including, without limitation, for purposes of the definition of “Required Lenders”, except as specifically set forth in Section 10.01.
Supplemental Loan Agent and each other Supplemental Loan Lender hereby acknowledges that Revolving Loan Agent acting for and on behalf of itself and the Revolving Loan Lenders has been granted Liens upon the Collateral pursuant to the Revolving Loan Documents to secure the Revolving Loan Debt.
Xxxxxxxx and Subsidiary Loan Parties have requested that Agent, Lenders and Supplemental Loan Lender make post-petition loans and advances and provide other financial or credit accommodations to Borrower and make certain amendments to the Existing Credit Agreement and the Existing ABL Guarantee and Collateral Agreement (as defined below), and Agent, Lenders and Supplemental Loan Lender are willing to do so, subject to the terms and conditions contained herein.