Loan Held by Borrower Affiliated Holders Sample Clauses
The 'Loan Held by Borrower Affiliated Holders' clause defines how loans that are owned or controlled by parties affiliated with the borrower are treated under the agreement. Typically, this clause outlines specific rights, restrictions, or disclosure requirements for such affiliated holders, such as limitations on voting, participation in amendments, or repayment terms. Its core function is to address potential conflicts of interest and ensure that transactions involving affiliated parties are transparent and do not disadvantage other, unaffiliated lenders.
Loan Held by Borrower Affiliated Holders. Notwithstanding anything to the contrary herein, in determining whether any Lender has given any request, demand, authorization, direction, notice, consent or waiver hereunder, any Loan or Commitment held by Borrower Affiliated Holders shall be disregarded and deemed not to be outstanding.
Loan Held by Borrower Affiliated Holders. Notwithstanding anything to the contrary herein, in determining whether any Lender has given any request, demand, authorization, direction, notice, consent or waiver hereunder, any Loan or Commitment held by Borrower Affiliated Holders shall be disregarded and deemed not to be outstanding; provided that the Collateral Agent and the Administrative Agent will not be deemed to have knowledge of the existence of a Borrower Affiliated Holder unless and until such Borrower Affiliated Holder has provided notice to an Administrative Officer of the Collateral Agent and the Administrative Agent in writing (as applicable) and upon which the Collateral Agent and the Administrative Agent may conclusively rely. Each Borrower Affiliated Holder shall provide written notice to the Collateral