Common use of Lender Representation Clause in Contracts

Lender Representation. Each Lender party to this Agreement on the --------------------- Closing Date hereby represents, and each Person that becomes a Lender pursuant to an Assignment Agreement will represent, and shall be deemed to have represented on becoming a party to this Agreement, that it is in fact, otherwise than by reason of being a Lender, an Eligible Assignee and will make or acquire Loans hereunder for its own account in the ordinary course of its business.

Appears in 4 contracts

Samples: Credit Agreement (Lyondell Chemical Co), Credit Agreement (Lyondell Chemical Co), Revolving Credit Agreement (Lyondell Chemical Co)

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Lender Representation. Each Lender party to this Agreement on the --------------------- Closing Date hereby represents, and each Person that becomes a Lender pursuant to an Assignment Agreement will represent, and shall be deemed to have represented on becoming a party to this Agreement, that it is in fact, otherwise than by reason of being a Lender, an Eligible Assignee and will make or acquire Loans hereunder for its own account in the ordinary course of its business.

Appears in 3 contracts

Samples: Credit Agreement (Lyondell Chemical Co), Security Agreement (Lyondell Chemical Co), Term Credit Agreement (Lyondell Chemical Co)

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