THE LENDERS' COMMITMENTS Sample Clauses
The "Lenders' Commitments" clause defines the specific obligations of each lender to provide funding under a loan agreement. It typically outlines the maximum amount each lender is required to lend, the conditions under which funds will be advanced, and the process for drawing down on the commitments. This clause ensures that all parties are clear on the extent of each lender's financial responsibility, thereby preventing disputes and ensuring the borrower can reliably access the agreed-upon funds.
THE LENDERS' COMMITMENTS. 3.1. The Lenders' Commitments to Lend . Subject to the terms and conditions of this Agreement and provided no Default or Event of Default has occurred that the Agent has not declared in writing to have been cured or waived (or, if one has occurred and not been so declared cured or waived, if all of the Lenders, in their sole discretion and with or without waiving the default, have elected in writing that lending under this Agreement shall continue nonetheless) the Lenders agree to make revolving credit Advances to the Companies under the Sublines through the Termination Date, which the Companies may borrow, repay and (having repaid) reborrow in aggregate principal amounts outstanding on any day, of up to the respective Sublimits and, in the aggregate, up to the Aggregate Committed Sum for that day. The Lenders' respective Commitments and their respective Subline Funding Limits for each Subline and the Aggregate Committed Sum are set forth on Schedule LC in effect for that day, as it may have been amended or restated pursuant to this Agreement. Upon the joinder of additional Lender(s), if any, the parties agree to approve in writing revised and updated versions of Schedule LC. The fractions to be applied to determine the respective Funding Shares of the Lenders for any day are their respective Commitments divided by the Aggregate Committed Sum for that day. Each Lender shall be obligated to fund only that Lender's own Funding Share(s) of any Advance requested, and no Lender shall be obligated to the Companies or any other Lender to fund a greater share of any Advance. No Lender shall be excused from funding its applicable Funding Share(s) of any Advance merely because any other Lender has failed or refused to fund its relevant Funding Share(s) of that or any other Advance. If any Lender fails to fund its Funding Share(s) of any Advance under any Facility, the other Lenders who are willing to do so shall have the right (but no obligation) to do so in the proportion that the Commitment of each bears to the sum of the Commitments of all Lenders that have funded (or are funding) their own Funding Shares of that Advance and that are willing to fund part of the Funding Share(s) of such Lender that so failed to fund, and regardless of whether the other Lenders fund the Funding Share(s) of the Lender who has failed to fund, the respective ownership interests of the Lenders in the Loan shall be adjusted as provided in the definition of "Pro Rata". All Advances under...
THE LENDERS' COMMITMENTS. 7.1 It will issue the loan to the Borrower in accordance with the provisions of the Contract.
7.2 It will keep confidential the non-public data and information furnished by the Borrower, unless otherwise prescribed by laws and regulations, required by the competent authority or otherwise specified herein.
THE LENDERS' COMMITMENTS. 16.1. The Lender will provide the Borrower reasonable reserve loan in the construction period and circulating fund loan in the operation period.
16.2. The Lender shall conform to the international practice and general practice followed by foreign banks to raise funds overseas and strive for better condition for loans in accordance with the financing plan agreed by the both parties through negotiations.
16.3. The Lender shall conform to the change and tendency of the international financing market, try its best to provide financing services such as restructuring of debt, and try hard to save interest and expenses and to reduce the cost of fund for the Borrower.
16.4. If the Borrower applies for an extension of the loan, the Lender will try its best to negotiate with the Foreign Lending Bank. If the Foreign Lending Bank agrees to the extension, the Lender will handle the extension formalities for the Borrower in time.
16.5. If the fund transfer is delayed in withdrawal and repayment on account of the Lender's responsibility, the Lender shall undertake the corresponding responsibility.
16.6. The Lender shall keep confidential of all the documents, data and business information which are provided by the Borrower and marked with "Confidential".
THE LENDERS' COMMITMENTS. 3.1 The Lenders' Commitments to Lend. The provisions of Section 3.1 of the 3/02 Credit Agreement are amended hereby to terminate the Lenders' commitments to make revolving credit Advances to the Companies under the Sublines as of the 9/03 Amendment Effective Date, so that henceforth the Companies shall have no right to borrow money from the Lenders under the Current Credit Agreement. However, such termination shall not affect or impair the Companies' ability to request the issuance of Letters of Credit in such manner and pursuant to such terms as are provided in the Amended Credit Agreement.
THE LENDERS' COMMITMENTS. Subject to the terms and conditions hereof, each Specified Revolving Credit Lender severally agrees to maintain its Existing Revolving Credit Loans and to make additional Revolving Credit Loans to the related Specified 47 41 Borrower from time to time during the Specified Revolving Credit Commitment Period in an aggregate principal amount or Equivalent Amount thereof in the relevant currency, if applicable, at any one time outstanding, when added to such Specified Lender's Specified Revolving Credit Commitment Percentage of all Specified Accommodation Outstandings and outstanding Specified Swing Line Loans (and Indebtedness under subsection 8.2(n)(ii) in the case of the US Borrower), not to exceed the amount of such Specified Lender's Specified Revolving Credit Commitment. During the Specified Revolving Credit Commitment Period, the Specified Borrower may use the Specified Revolving Credit Commitments by borrowing, prepaying the Specified Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Specified Revolving Credit Loans may from time to time be of any available Type, as determined by the Specified Borrower and notified to the Specified Agent in accordance with subsections 2.2 and 2.11.
THE LENDERS' COMMITMENTS. Subject to the terms and conditions hereof, each Specified Revolving Credit Lender severally agrees to maintain its Existing Revolving Credit Loans and to make additional Revolving Credit Loans to the related Specified Borrower from time to time during the Specified Revolving Credit Commitment Period in an aggregate principal amount or Equivalent Amount thereof in the relevant currency, if applicable, at any one time outstanding, when added to (i) such Specified Lender's Specified Revolving Credit Commitment Percentage of all Specified Accommodation Outstandings and outstanding Specified Swing Line Loans and (ii) if such Specified Revolving Credit Lender is a Multicurrency Lender, its aggregate Multicurrency Exposure. During the Specified Revolving Credit Commitment Period, the Specified Borrower may use the Specified Revolving Credit Commitments by borrowing, prepaying the Specified Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
THE LENDERS' COMMITMENTS