C$ Lender definition
Examples of C$ Lender in a sentence
On the terms and subject to the conditions contained in this Agreement, each Yen Term C Lender severally agrees to make a loan (each a “Yen Term C Loan”) in Yen to the U.S. Borrower on the Closing Date in an amount equal to such Yen Term C Lender’s Yen Term C Commitment.
Such fees shall be payable to each Term C Lender out of the proceeds of such Term C Lender’s Term Loan as and when funded on the Closing Date and shall be treated (and reported) by the Borrower and such Term C Lenders as a reduction in issue price of such Term C Loans for U.S. federal, state and local income tax purposes.
The obligations of each Term C Lender hereunder shall be several and not joint.
Each C$ Lender further agrees to retain such records in the manner and for the statutory periods provided in the various Canadian provincial or federal statutes and regulations which apply to such C$ Lender.
Each C$ Lender will, upon the request of the Canadian Borrower, promptly advise the Canadian Borrower of the number and designation, if any, of Drafts then held by it for the Canadian Borrower.
Upon receipt of any such notice of a prepayment, Agent shall promptly notify each Term Loan C Lender thereof.
On September 30, 2019 the Agent shall make all adjustments as may be necessary or desirable in order that the Outstanding Advances by each Facility C Lender under Facility C shall be in its Proportionate Share of Facility C in effect on and after such date, which for greater certainty shall not exceed such Lender’s Commitment under Facility C in effect from and after such date.
The Term Loan C Note issued to each Term Loan C Lender shall be in substantially the form of Exhibit 2.3.2.
Each Tranche C Lender is hereby authorized (for the purpose of acceptance and/or purchase of Drafts pursuant to this Agreement) to complete and issue such Drafts endorsed in blank in such face amounts as may be determined by such Tranche C Lender; provided that the aggregate amount thereof is equal to the aggregate amount of Drafts required to be purchased by such Tranche C Lender.
The payments provided for in this Section 2.06(c) shall not be applied toward any additional Facility C Loan made by any New Facility C Lender under Section 2.18.