Examples of Global Lenders in a sentence
If any Syndicated Global Lender, whether in connection with setoff or amounts which might be subject to setoff or otherwise, receives collateral or other protection for its Obligations or such amounts which may be subject to setoff, such Syndicated Global Lender agrees, promptly upon demand, to take such action necessary such that all Syndicated Global Lenders share in the benefits of such collateral ratably in proportion to their Syndicated Global Loans.
The Global Administrative Agent will promptly make the funds so received from the Syndicated Global Lenders available to the relevant Global Borrower.
In the event of such a Commitment Increase Notice, each of the Syndicated Global Lenders shall be given the opportunity to participate in the requested increase ratably in the proportions that their respective Commitments bear to the Aggregate Commitment under this Agreement.
Not later than 1:00 p.m., New York time or local time, as applicable, on each Calculation Date, the Global Administrative Agent shall (i) determine the Exchange Rate as of such Calculation Date with respect to each Agreed Currency and (ii) give notice thereof to Harley and the Syndicated Global Lenders.
With respect to any Applicant Revolving Borrower organized under the laws of a jurisdiction (or any political subdivision thereof) other than Switzerland, the Xxxxxxxxxxx, Xxxxxxxxxx, Xxxxxxx, Xxxxxxx and the states of Delaware and Ohio, all of the Global Lenders also shall have consented to such Applicant Revolving Borrower becoming a Revolving Borrower.
Global has obtained a customary underwriting agreement from the Global Lenders to provide sufficient financing for the transaction, a copy of which has been attached hereto as Exhibit I.
The Global Lenders' determination of the Global Semi-Annual Borrowing Base shall be in each of their sole discretion, exercised in accordance with its standard and usual practice for determining borrowing base loans that it generally applies to borrowers in the oil and gas business.
Global shall have received the financing from the Global Lenders in accordance with the terms of the Underwriting Agreement attached hereto as Exhibit I.
It is expressly understood that the Global Lenders shall have no obligation to determine the Global Semi-Annual Borrowing Base at any particular amount, either in relation to the Commitment Amount or otherwise.
The Administrative Agent shall give the Borrower and the Global Lenders notice of the amount of the revised U.S. Semi-Annual Borrowing Base, and the Borrower may reallocate the sum of the revised U.S. Semi-Annual Borrowing Base and the Canadian Borrowing Base as provided in Section 2.1.3(a)(ii).