Cooperation in Syndication Sample Clauses
The Cooperation in Syndication clause requires parties, typically lenders or financial institutions, to work together in the process of syndicating a loan or financing arrangement. In practice, this means that the original lender agrees to assist in finding additional lenders, share relevant information, and coordinate communications to facilitate the syndication process. This clause ensures that the syndication proceeds smoothly and efficiently, helping to distribute risk among multiple parties and secure the necessary funding for the borrower.
Cooperation in Syndication. Borrower agrees to assist the Lender in completing a Syndication satisfactory to the Lender. Such assistance shall include (i) direct contact between senior management and advisors of Borrower and the proposed Assignees and/or Participants, (ii) assistance in the preparation of a confidential information memorandum and other marketing materials to be used in connection with the Syndication, (iii) the hosting, with the Lender, of one or more meetings of prospective Assignees and/or Participants, (iv) the delivery of appraisals satisfactory to the Lender if required. To assist the Lender in its Syndication efforts, Borrower agrees promptly to prepare and provide to the Lender all information with respect to Borrower, Senior Mezzanine Borrower, Mortgage Borrower, Holdings, the Operating Company, Guarantor, the Collateral, the Senior Mezzanine Collateral and the Properties contemplated hereby, including all financial information and projections (the “Projections”), as the Lender may reasonably request in connection with the Syndication of the Loan. If required in connection with the Syndication, Borrower hereby agrees to:
(a) deliver updated financial and operating statements and other information reasonably required by the Lender to facilitate the Syndication;
(b) use reasonable efforts to deliver reliance letters reasonably satisfactory to the Lender with respect to the environmental assessments and reports delivered to the Lender prior to the Closing Date, which will run to the Lender and its successors and assigns;
(c) execute modifications to the Loan Documents required by the Lender, provided that such modification will not (except as set forth in (d)) change any material or economic terms of the Loan Documents, or otherwise increase the obligations or decrease the rights of Borrower pursuant to the Loan Documents (except to a de minimis extent); and
(d) if the Lender elects, in its sole discretion, prior to or upon a Syndication, to exercise its rights under Section 2.1.5, Borrower agrees to cooperate with the Lender in connection with the foregoing and to execute the required modifications and amendments to the Notes, this Agreement and the Loan Documents and to use reasonable efforts to provide opinions necessary to effectuate the same. Such Notes or components may be assigned different interest rates, so long as the weighted average of such interest rates does not exceed the Applicable Interest Rate, except in connection with the application of princ...
Cooperation in Syndication. In connection with the syndication of the Commitments, an information package containing relevant information about the Borrower and the Collateral may be provided to potential lenders and participants. ▇▇▇▇▇▇▇▇ agrees to cooperate with the Administrative Agent and the Lenders from time to time in the syndication of the Commitments in all respects reasonably requested by the Administrative Agent, including but not limited to participation in a reasonable number of meetings held in connection with such syndication, and to provide, for inclusion in such information package, all information which the Administrative Agent may reasonably request or which the Borrower or the Administrative Agent may consider material to a Tender or participant, or necessary or appropriate for accurate, complete and adequate disclosure.
Cooperation in Syndication. It will cooperate with the Agent in the syndication of the Commitment and will provide and cause its advisers and other representatives to provide all reasonable information and other assistance deemed necessary or desirable to complete a successful syndication.
Cooperation in Syndication