Examples of Tranche 2 Lender in a sentence

Borrower and each Tranche 2 Lender agree that, in paying any drawing under a Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any document (other than any sight or time draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document.
If such Tranche 2 Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Tranche 2 Lender’s L/C Advance in respect of the relevant L/C Borrowing.
In such event, each Tranche 2 Lender’s payment to the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.20(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Tranche 2 Lender in satisfaction of its participation obligation under this Section 2.20.
A certificate of the L/C Issuer submitted to any Tranche 2 Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error.
Each Tranche 2 Lender represents and warrants that each Tranche 2 Letter of Credit constitutes a legal, valid and binding obligation of such Tranche 2 Lender enforceable in accordance with its terms.

More Definitions of Tranche 2 Lender

Tranche 2 Lender means, as of any date of determination, a Lender holding a Tranche 2 Loan.

Tranche 2 Lender or “Tranche 2 Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Facility Guarantor or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

Tranche 2 Lender means a Lender with a Tranche 2 Commitment or, if the Tranche 2 Commitments have terminated, a Lender with Tranche 2 Revolving Credit Exposure.

Tranche 2 Lender means a Lender with a Tranche 2 Commitment, holding Tranche 2 Loans or holding participations in any Canadian Swing Line Loans and, as the context requires, includes a Tranche 2 Lender in its capacity as an L/C Issuer and (in the case of Scotiabank) as Canadian Swing Line Lender.

Tranche 2 Lender means any Tranche 2E Lender or any Tranche 2N Lender.

Tranche 2 Lender means any one of them.

Tranche 2 Lender means, collectively, (i) each Original Lender that executes and delivers this Agreement on or prior to the Amendment and Restatement Date and (ii) each Additional Tranche 2 Lender.