Common use of Net Short Lenders Clause in Contracts

Net Short Lenders. Notwithstanding anything in this Section 10.5 or elsewhere in this Agreement or any other Credit Document to the contrary, (A) in connection with any determination as to whether the Requisite Lenders or the Majority in Interest of Lenders of any Class have (1) consented (or not consented) to any amendment, modification, waiver, consent or other action with respect to any of the terms of any Credit Document or any departure by the Borrower or any other Credit Party therefrom, (2) otherwise acted on any matter related to any Credit Document or (3) directed or required the Administrative Agent, the Collateral Agent or any Lender to undertake any action (or refrain from taking any action) with respect to or under any Credit Document, any Lender (other than any Lender that is a Regulated Bank, a Revolving Lender or an Affiliate thereof) that, as a result of its interest in any total return swap, total rate of return swap, credit default swap or other derivative contract (other than any such total return swap, total rate of return swap, credit default swap or other derivative contract entered into pursuant to bona fide market making activities), has a net short position with respect to the Loans and/or Commitments (each, a “Net Short Lender”) shall have no right to consent (or not consent), otherwise act or direct or require the Administrative Agent, the Collateral Agent or any Lender to undertake any action (or refrain from taking any action) (and shall have no right to vote any of its Loans and Commitments); it being understood that for purposes of any such determination all Term Loans and Term Commitments held by any Net Short Lender shall be deemed to be not outstanding, and (B) each Net Short Lender shall be deemed to vote in the same proportion as Lenders that are neither Net Short Lenders nor Disqualified Institutions in any proceeding under any Debtor Relief Law commenced by or against the Borrower or any other Credit Party.

Net Short Lenders. Notwithstanding anything to the contrary in any Credit Document (including this Section 10.5 or elsewhere in this Agreement or any other Credit Document to the contrary13.1), (A) in connection with any determination as to whether the Requisite requisite Lenders or the Majority in Interest of Lenders of any Class have (1A) consented (or not consented) to any amendment, modification, waiver, consent amendment or other action with respect to any of the terms modification of any provision of this Agreement or any other Credit Document or any departure by the Borrower or any other Credit Party therefrom, (2B) otherwise acted on any matter related to this Agreement or any Credit Document or (3C) directed or required the Administrative Agent, the Collateral Agent or any Lender to undertake any action (or refrain from taking any action) with respect to to, or under under, this Agreement or any other Credit Document, any Lender (other than any Lender that is a Regulated Bank, a Revolving Lender or an Affiliate thereofExcluded Lender) that, as a result of its interest (or its and its Covered Affiliates’ collective interests) in any total return swap, total rate of return swap, credit default swap or other derivative contract (other than any such total return swap, total rate of return swap, credit default swap or other derivative contract entered into pursuant to bona fide market making activities), has a net short position with respect to any of the Loans and/or or Commitments hereunder or with respect to any other tranche, class or series of Indebtedness for borrowed money incurred or issued by Holdings, the Parent Borrower or any of its Subsidiaries or Parent Entities at such time of determination (eachincluding commitments with respect to any revolving credit facility) (each such item of Indebtedness, including the Loan and Commitments, “Specified Indebtedness” and each such Lender, a “Net Short Lender”) shall have no right to consent (vote with respect to any waiver, amendment or not consent), otherwise act or direct or require the Administrative Agent, the Collateral Agent modification of this Agreement or any Lender to undertake any action (or refrain from taking any action) (other Credit Documents and shall have no right to vote any of its Loans and Commitments); it being understood that for purposes of any such determination all Term Loans and Term Commitments held by any Net Short Lender shall be deemed to be not outstanding, and (B) each Net Short have voted its interest as a Lender shall be deemed to vote without discretion in the same proportion as Lenders that the allocation of voting with respect to such matter by Lendxxx xxx are neither not Net Short Lenders nor Disqualified Institutions in Lenders. In connection with any proceeding under any Debtor Relief Law commenced by waiver, amendment or against modification of this Agreement or the Borrower or any other Credit Party.Documents, each Lender (other than any Excluded Lender) will be deemed to have represented to Holdings, the Borrowers and the Administrative Agent that it does not constitute a Net Short Lender, in each case, unless such Lender shall have notified Holdings, the Parent Borrower and the Administrative Agent prior to the requested response date with respect to such waiver, amendment or modification that it constitutes a Net Short Lender (it being understood and agreed that Holdings, the Borrowers and the Administrative Agent shall be entitled to rely on each such representation and deemed representation). The Administrative Agent (and its subagents) shall not be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or enforce, any Lender’s compliance with the provisions hereof relating to Net Short Lenders. Without limiting the generality of the foregoing, the Administrative Agent (and its subagents), in such capacity and not in its capacity as a Lender, if applicable, shall not be obligated to ascertain, monitor or inquire as to whether any Lender is a Net Short Lender. For purposes of the preceding clause (j):

Net Short Lenders. Notwithstanding anything to the contrary in any Credit Document (including this Section 10.5 or elsewhere in this Agreement or any other Credit Document to the contrary13.1), (A) in connection with any determination as to whether the Requisite requisite Lenders or the Majority in Interest of Lenders of any Class have (1A) consented (or not consented) to any amendment, modification, waiver, consent amendment or other action with respect to any of the terms modification of any provision of this Agreement or any other Credit Document or any departure by the Borrower or any other Credit Party therefrom, (2B) otherwise acted on any matter related to this Agreement or any Credit Document or (3C) directed or required the Administrative Agent, the Collateral Agent or any Lender to undertake any action (or refrain from taking any action) with respect to to, or under under, this Agreement or any other Credit Document, any Lender (other than any Lender that is a Regulated Bank, a Revolving Lender or an Affiliate thereofExcluded Lender) that, as a result of its interest (or its and its Covered Affiliates’ collective interests) in any total return swap, total rate of return swap, credit default swap or other derivative contract (other than any such total return swap, total rate of return swap, credit default swap or other derivative contract entered into pursuant to bona fide market making activities), has a net short position with respect to any of the Loans and/or or Commitments hereunder or with respect to any other tranche, class or series of Indebtedness for borrowed money incurred or issued by Holdings, the Parent Borrower or any of its Subsidiaries or Parent Entities at such time of determination (eachincluding commitments with respect to any revolving credit facility) (each such item of Indebtedness, including the Loan and Commitments, “Specified Indebtedness” and each such Lender, a “Net Short Lender”) shall have no right to consent (vote with respect to any waiver, amendment or not consent), otherwise act or direct or require the Administrative Agent, the Collateral Agent modification of this Agreement or any Lender to undertake any action (or refrain from taking any action) (other Credit Documents and shall have no right to vote any of its Loans and Commitments); it being understood that for purposes of any such determination all Term Loans and Term Commitments held by any Net Short Lender shall be deemed to be not outstanding, and (B) each Net Short have voted its interest as a Lender shall be deemed to vote without discretion in the same proportion as the allocation of voting with respect to such matter by Lenders that who are neither not Net Short Lenders nor Disqualified Institutions in Lenders. In connection with any proceeding under any Debtor Relief Law commenced by waiver, amendment or against modification of this Agreement or the Borrower or any other Credit PartyDocuments, each Lender (other than any Excluded Lender) will be deemed to have represented to Holdings, the Borrowers and the Administrative Agent that it does not constitute a Net Short Lender, in each case, unless such Lender shall have notified Holdings, the Parent Borrower and the Administrative Agent prior to the requested response date with respect to such waiver, amendment or modification that it constitutes a Net Short Lender (it being understood and agreed that Holdings, the Borrowers and the Administrative Agent shall be entitled to rely on each such representation and deemed representation). The Administrative Agent (and its subagents) shall not be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or enforce, any Lender’s compliance with the provisions hereof relating to Net Short Lenders. Without limiting the generality of the foregoing, the Administrative Agent (and its subagents), in such capacity and not in its capacity as a Lender, if applicable, shall not be obligated to ascertain, monitor or inquire as to whether any Lender is a Net Short Lender.

Net Short Lenders. Notwithstanding anything to the contrary in any Credit Document (including this Section 10.5 or elsewhere in this Agreement or any other Credit Document to the contrary13.1), (A) in connection with any determination as to whether the Requisite requisite Lenders or the Majority in Interest of Lenders of any Class have (1A) consented (or not consented) to any amendment, modification, waiver, consent amendment or other action with respect to any of the terms modification of any provision of this Agreement or any other Credit Document or any departure by the Borrower or any other Credit Party therefrom, (2B) otherwise acted on any matter related to this Agreement or any Credit Document or (3C) directed or required the Administrative Agent, the Collateral Agent or any Lender to undertake any action (or refrain from taking any action) with respect to to, or under under, this Agreement or any other Credit Document, any Lender (other than any Lender that is a Regulated Bank, a Revolving Lender or an Affiliate thereofExcluded Lender) that, as a result of its interest (or its and its Covered Affiliates’ collective interests) in any total return swap, total rate of return swap, credit default swap or other derivative contract (other than any such total return swap, total rate of return swap, credit 192 #96533218v9 default swap or other derivative contract entered into pursuant to bona fide market making activities), has a net short position with respect to any of the Loans and/or or Commitments hereunder or with respect to any other tranche, class or series of Indebtedness for borrowed money incurred or issued by Holdings, the Parent Borrower or any of its Subsidiaries or Parent Entities at such time of determination (eachincluding commitments with respect to any revolving credit facility) (each such item of Indebtedness, including the Loan and Commitments, “Specified Indebtedness” and each such Lender, a “Net Short Lender”) shall have no right to consent (vote with respect to any waiver, amendment or not consent), otherwise act or direct or require the Administrative Agent, the Collateral Agent modification of this Agreement or any Lender to undertake any action (or refrain from taking any action) (other Credit Documents and shall have no right to vote any of its Loans and Commitments); it being understood that for purposes of any such determination all Term Loans and Term Commitments held by any Net Short Lender shall be deemed to be not outstanding, and (B) each Net Short have voted its interest as a Lender shall be deemed to vote without discretion in the same proportion as the allocation of voting with respect to such matter by Lenders that who are neither not Net Short Lenders nor Disqualified Institutions in Lenders. In connection with any proceeding under any Debtor Relief Law commenced by waiver, amendment or against modification of this Agreement or the Borrower or any other Credit Party.Documents, each Lender (other than any Excluded Lender) will be deemed to have represented to Holdings, the Borrowers and the Administrative Agent that it does not constitute a Net Short Lender, in each case, unless such Lender shall have notified Holdings, the Parent Borrower and the Administrative Agent prior to the requested response date with respect to such waiver, amendment or modification that it constitutes a Net Short Lender (it being understood and agreed that Holdings, the Borrowers and the Administrative Agent shall be entitled to rely on each such representation and deemed representation). The Administrative Agent (and its subagents) shall not be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or enforce, any Lender’s compliance with the provisions hereof relating to Net Short Lenders. Without limiting the generality of the foregoing, the Administrative Agent (and its subagents), in such capacity and not in its capacity as a Lender, if applicable, shall not be obligated to ascertain, monitor or inquire as to whether any Lender is a Net Short Lender. Section 593. For purposes of the preceding clause (j):

Net Short Lenders. (i) Notwithstanding anything in this Section 10.5 or elsewhere in this Agreement or any other Credit Document to the contrary, (A) in connection with any determination as to whether the Requisite Lenders or the Majority in Interest of Lenders of any Class have (1) consented (or not consented) to any amendment, modification, waiver, consent or other action with respect to any of the terms of any Credit Document or any departure by the Borrower or any other Credit Party therefrom, (2) otherwise acted on any matter related to any Credit Document or (3) directed or required the Administrative Agent, the Collateral Agent or any Lender to undertake any action (or refrain from taking any action) with respect to or under any Credit Document, any Lender (other than any Lender that is a Regulated Bank, a Revolving Lender Bank or an Affiliate thereof) that, as a result of its interest in any total return swap, total rate of return swap, credit default swap or other derivative contract (other than any such total return swap, total rate of return swap, credit default swap or other derivative contract entered into pursuant to bona fide market making activities), has a net short position with respect to the Loans and/or Commitments (each, a “Net Short Lender”) shall have no right to consent (or not consent), otherwise act or direct or require the Administrative Agent, the Collateral Agent or any Lender to undertake any action (or refrain from taking any action) (and shall have no right to vote any of its Loans and Commitments); it being understood that for purposes of any such determination all Term Loans and Term Commitments held by any Net Short Lender shall be deemed to be not outstanding, and (B) each Net Short Lender shall be deemed to vote in the same proportion as Lenders that are neither Net Short Lenders nor Disqualified Institutions in any proceeding under any Debtor Relief Law commenced by or against the Borrower or any other Credit Party.