Ancillary Lender definition
Examples of Ancillary Lender in a sentence
The Borrower Representative, on behalf of the Applicable Ancillary Borrower, and each Ancillary Lender shall, promptly upon the request of the Administrative Agent, provide the Administrative Agent with any information relating to the operation of such Ancillary Facility (including the amount of Ancillary Outstandings and Ancillary Commitments) as the Administrative Agent may from time to time reasonably request (subject to compliance with Section 9.05 hereof).
If any arrangement contemplated in the foregoing sentence is to occur, each Applicable Ancillary Borrower and the Ancillary Lender shall each confirm that to be the case in writing to the Administrative Agent.
Upon the making of one or more Revolving Loans as provided below in an amount sufficient to repay the Ancillary Outstandings under any Ancillary Facility, such Ancillary Facility shall be cancelled upon receipt by the relevant Ancillary Lender of the proceeds thereof.