Lender hereunder Clause Samples
The 'Lender hereunder' clause defines the party or parties acting as the lender within the context of the agreement. It clarifies that any rights, obligations, or actions attributed to the lender throughout the contract refer specifically to the entity or entities identified as such. This clause ensures there is no ambiguity about who holds the lender's role, thereby providing clarity and preventing disputes regarding the interpretation of lender-related provisions.
Lender hereunder. The Administrative Agent shall furnish to the Borrower and to the Lenders each determination of the LIBO Rate made by reference to quotations of interest rates furnished by Reference Lenders.
Lender hereunder. The Borrower also agrees that each Participant shall be entitled to the benefits of subsections 2.14, 2.15 and 2.16 with respect to its participation in the Letters of Credit, the Commitments and the Loans outstanding from time to time as if it was a Lender; provided that in the case of subsection 2.15, such Participant shall have complied with the requirements of said subsection; provided, further, that no Participant shall be entitled to receive any greater amount pursuant to any such subsection than the transferor Lender would have been entitled to receive in respect of the amount of the participation transferred by such transferor Lender to such Participant had no such transfer occurred.
Lender hereunder. The Tranche 1 Term Loans of each Tranche 1 Lender (i) shall be made and thereafter maintained in Dollars; (ii) shall, at the option of the Parent Borrower, be Base Rate Loans or Eurodollar Loans, provided that all Tranche 1 Term Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, consist of Tranche 1 Term Loans of the same Type; and (iii) shall not exceed in initial principal amount for such Tranche 1 Lender an amount which equals the total principal amount of Tranche 1 Revolving Loans owed to such Tranche 1 Lender and outstanding at 9:00 A.M. (New York time) on the Commitment Expiration Date. Once repaid, Tranche 1 Term Loans may not be reborrowed.
Lender hereunder. Any Non-Extending Lender that has had all of its obligations under this Agreement and each other Loan Document paid in full shall cease to be a Lender under the Loan Documents except with respect to any provision that expressly survives the termination of a Loan Document.