Examples of Lead Administrative Agent in a sentence
Regardless of the number of official representatives designated in writing to the Lead Administrative Agent, each Basin government shall be entitled to one vote on all matters requiring group action or direction to the Lead Administrative Agent.
Each determination by the Lead Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.
If the Aggregate Commitments are increased in accordance with this Section, the Lead Administrative Agent and the Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase.
The Lead Administrative Agent shall notify the Borrower of each Lender’s determination under this Section no later than the date 15 days prior to the then current Maturity Date (or, if such date is not a Business Day, on the immediately preceding Business Day).
The Subsidiaries of the Borrower for which Letters of Credit may be issued in support of obligations or for the account of are set forth in Schedule 2.03(k), as such Schedule may be amended from time to time with the consent of solely the Borrower, the Lead Administrative Agent and the L/C Issuer.
Unless required by applicable Laws, at no time shall the Lead Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender or the L/C Issuer, or have any obligation to pay to any Lender or the L/C Issuer, any refund of Taxes withheld or deducted from funds paid for the account of such Lender or the L/C Issuer, as the case may be.
Each Lender who has received such request shall notify the Lead Administrative Agent within such time period whether or not it agrees to increase its Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase.
All of the Borrower’s obligations under this Article III shall survive termination of the Aggregate Commitments, repayment of all other Obligations hereunder and resignation of the Lead Administrative Agent.
Each such telephonic notice must be confirmed promptly by delivery to such Swing Line Lender and the Lead Administrative Agent of a written Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower.
To achieve the full amount of a requested increase, the Borrower may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement in form and substance reasonably satisfactory to the Lead Administrative Agent and its counsel.