Examples of DSR Lender in a sentence
For certainty, the DSR Facility is intended hereunder to be a non-fronted letter of credit facility, such that the DSR Lender with respect to any DSR Letter of Credit is the same entity as, or an Affiliate of, the Issuing Bank that has issued such DSR Letter of Credit.
If any DSR Lender defaults or fails to fulfill any of its obligations herein, no Default or Event of Default shall arise solely as a result of such default or failure and the default or failure of such DSR Lender shall give rise to a claim for damages as between the applicable LC Issuer and the applicable DSR Lender.
The Borrower shall repay to Administrative Agent, for the account of each DSR Lender, in full on the Maturity Date, the unpaid principal amount of any DSR Loan made by such DSR Lender.
In consideration and in furtherance of the foregoing, each DSR Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, in Dollars, for the account of the applicable LC Issuer, such DSR Lender’s Proportionate Share of each Drawing Payment in respect of any Letter of Credit not reimbursed by Borrower on the date due as provided in Section 2.2.5, or of any reimbursement payment required to be refunded to the Borrower for any reason.
The Administrative Agent shall promptly notify each DSR Lender of each Notice of LC Activity and of each DSR Lender’s Proportionate Share of the aggregate amount available to be drawn under such Letter of Credit.
The Administrative Agent shall promptly notify each DSR Lender of each Notice of LC Activity and of each DSR Lender’s Proportionate Share of the KE 84627654 aggregate amount available to be drawn under such Letter of Credit.