Common use of Affiliates of Lenders as Ancillary Lenders Clause in Contracts

Affiliates of Lenders as Ancillary Lenders. (a) Subject to the terms of this Agreement, an Affiliate of a Lender may become an Ancillary Lender. In such case, the Lender and its Affiliate shall be treated as a single Lender whose Commitment under the relevant Facility is equal to such Lender's Commitment under that Facility. For the purposes of calculating the Lender's Available Commitment with respect to a Facility, the Lender's Commitment shall be reduced to the extent of the aggregate of the Ancillary Commitments of its Affiliates under that Facility.

Appears in 1 contract

Samples: Agreement (Elster Group SE)

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Affiliates of Lenders as Ancillary Lenders. (a) Subject to the terms of this Agreementagreement, an Affiliate of a Lender may become an Ancillary Lender. In such case, the Lender and its Affiliate shall be treated as a single Lender whose having a Commitment under of the relevant Facility is equal to such Lender's Commitment under that Facility. For the purposes of calculating the Lender's ’s Available Commitment with respect to a the Facility, the Lender's ’s Commitment shall be reduced to the extent of the aggregate of the Ancillary Commitments of its Affiliates under that FacilityAffiliates.

Appears in 1 contract

Samples: Reuters Group PLC /Adr/

Affiliates of Lenders as Ancillary Lenders. (a) Subject to the terms of this Agreement, an Affiliate of a Lender may become an Ancillary Lender. In such case, the Lender and its Affiliate shall be treated as a single Lender whose Revolving Facility Commitment under is the amount set out opposite the relevant Facility is equal to such Lender's Commitment under that Facility’s name in Part 2 of Schedule 1 (The Original Parties). For the purposes of calculating the Lender's ’s Available Commitment with respect to a the Revolving Facility, the Lender's ’s Commitment shall be reduced to the extent of the aggregate of the Ancillary Commitments of its Affiliates under that FacilityAffiliates.

Appears in 1 contract

Samples: Senior Facilities Agreement (Central European Distribution Corp)

Affiliates of Lenders as Ancillary Lenders. (a) 9.5.1 Subject to the terms of this Agreement, an Affiliate of a Lender may become an Ancillary Lender. In such case, the Lender and its Affiliate shall be treated as a single Lender whose Revolving Facility Commitment under is the amount set out opposite the relevant Facility is equal to such Lender's Commitment under that Facility’s name in Part II of Schedule 1 (Original Parties). For the purposes of calculating the Lender's ’s Available Commitment with respect to a the Revolving Facility, the Lender's ’s Commitment shall be reduced to the extent of the aggregate of the Ancillary Commitments of its Affiliates under that FacilityAffiliates.

Appears in 1 contract

Samples: Facility Agreement (Edgen Murray PLC)

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Affiliates of Lenders as Ancillary Lenders. (a) Subject to the terms of this Agreement, an Affiliate of a Lender may become an Ancillary Lender. In such case, the Lender and its Affiliate shall be treated as a single Lender whose Facility B Commitment under is the amount set out opposite the relevant Facility is equal to such Lender's Commitment under that Facilityname in Part III of Schedule 1 (The Original Parties). For the purposes of calculating the Lender's Available Commitment with respect to a FacilityFacility B, the Lender's Commitment shall be reduced to the extent of the aggregate of the Ancillary Commitments of its Affiliates under that FacilityAffiliates.

Appears in 1 contract

Samples: Agreement (Paradigm Ltd.)

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