Lender Acceptance Clause Samples
Lender Acceptance. Upon receipt of a Discounted Prepayment Option Notice, the Administrative Agent shall promptly notify each applicable Lender thereof. On or prior to the Acceptance Date, each such Lender may specify by written notice (each, a “Lender Participation Notice” it being understood that a Lender may deliver more than one Lender Participation Notice, and that each such Lender Participation Notice of such Lender shall constitute an independent and unconditional offer, and no such Lender Participation Notice may be contingent on the making of any prepayment with respect to the Offered Loans (defined below) in respect of any other Lender Participation Notice, or otherwise be contingent or conditional in any way) to the Administrative Agent setting forth (i) a maximum acceptable discount to par (the “Acceptable Discount”) within the Discount Range (for example, a Lender specifying a discount to par of 20% would accept a purchase price of 80% of the par value of the portion of the Term Loan to be prepaid) and (ii) a maximum principal amount (subject to rounding requirements specified by the Administrative Agent) of the Term Loan held by such Lender with respect to which such Lender is willing to permit a Discounted Voluntary Prepayment at the Acceptable Discount (“Offered Loans”). Based on the Acceptable Discounts and principal amounts of the Offered Loans, the Administrative Agent, in consultation with the relevant Borrower, shall determine the applicable discount for the portion of the Term Loan to be prepaid (the “Applicable Discount”), which Applicable Discount shall be (y) the percentage specified by the relevant Borrower if such Borrower has selected a single percentage pursuant to Section 2.19(b) for the applicable Discounted Voluntary Prepayment or (z) otherwise, the highest Acceptable Discount at which such Borrower can pay the Proposed Discounted Prepayment Amount in full (determined by adding the principal amounts of Offered Loans commencing with the Offered Loans with the highest Acceptable Discount); provided, however, that in the event that such Proposed Discounted Prepayment Amount cannot be paid in full at any Acceptable Discount, the Applicable Discount shall be the highest Acceptable Discount specified by the Lenders that is within that Discount Range and then the next highest until all of the Offered Loans are repurchased. The Applicable Discount shall be applicable for all Lenders who have offered to participate in the applicable Discounted Voluntar...
Lender Acceptance. Grantor acknowledges and agrees that this Mortgage need not be signed by Collateral Agent, whose consent is presumed and whose acceptance is tacit. THUS DONE AND PASSED on the day and in the month and year hereinabove first written, in the presence of the undersigned witnesses who hereunto sign their names with the Grantor and me, Notary, after due reading of the whole. WITNESSES: Grantor: STOLTHAVEN NEW ORLEANS, LLC Printed Name:▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ By: Name: ▇▇▇▇ ▇▇▇▇▇▇ Printed Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Attorney-in-Fact
Lender Acceptance. The Lender shall, in its absolute and sole discretion, accept the Purchase Request and consent to extending the Loan for the Purchase Price of the Proposed Assets in accordance therewith and with the corresponding Borrowing Request. The Lender shall be entitled, but not obligated to request and receive, prior to extending any Loan, additional information reasonably satisfactory to the Lender confirming the satisfaction of any of the requirements set forth in Section 4.1 if, in the good faith judgment of the Lender such request is warranted under the circumstances.