Examples of Exit Loan Agent in a sentence
Without limitation of the foregoing, each Lender agrees to reimburse each Exit Loan Agent promptly upon demand for its ratable share of any costs and expenses (including, without limitation, fees and expenses of counsel) payable by the Borrower under Section 13.04, to the extent that the Exit Loan Agent is not promptly reimbursed for such costs and expenses by the Borrower.
Absent express written consent from the Exit Loan Agent, the Borrower shall be prohibited from making any distributions to Position Holder Trust Beneficiaries under the Borrower’s trust agreement until such time that the Borrower pays to the Exit Loan Agent, for the account of the Lenders, the principal amount of all Advances made by the Lenders to the Borrower under the terms of this Agreement, together with all interest owing by the Borrower pursuant to Section 2.08.
The Borrower shall, and shall cause each of its Subsidiaries to, provide such information and take such actions as are reasonably requested by the Exit Loan Agent or any Lender in order to assist the Exit Loan Agent and the Lenders in maintaining compliance with the Patriot Act.
The Exit Loan Agent may at any time give notice of its resignation to the Lenders and the Borrower.
The Exit Loan Agent may consult with legal counsel (who may be counsel for the Borrower) independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.
Without limiting Section 3.04, in determining compliance with any condition hereunder to the making of any Advances that by its terms must be fulfilled to the satisfaction of a Lender, the Exit Loan Agent may presume that such condition is satisfactory to such Lender unless the Exit Loan Agent shall have received notice to the contrary from such Lender prior to the making of such Advances.
RH stated that apart from the one site; the sites in the MV plan were still compatible with the Ockley NDP.
If the Exit Loan is prepaid prior to the Prepayment Date, then the Borrower shall pay to the Exit Loan Agent for account of the Lenders a prepayment fee equal to the interest which would have been earned on the Exit Loan from the date of such prepayment of the Exit Loan to the Prepayment Date had the Exit Loan not been prepaid (the “Prepayment Fee”).
The Exit Loan Agent and each Lender agrees promptly to notify the Borrower after any such set- off and application; provided, however, that the failure to give such notice shall not affect the validity of such set-off and application.
Subject to Article XI hereof, the Exit Loan Agent, acting at the direction of the Required Lenders, may, at any time or times, proceed directly against the Borrower to collect the Exit Loan Obligations without prior recourse to the Collateral.