Lead Left Arranger definition
Examples of Lead Left Arranger in a sentence
The Lead Left Arranger hereby acknowledges receipt of the financial statements (I) in the foregoing clause (i) for the fiscal years ended December 31, 2014, December 31, 2015 and December 31, 2016, (II) in the foregoing clause (ii) for the fiscal quarter ended ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇▇▇) in the foregoing clause (iii) for the fiscal years ended December 31, 2014, December 31, 2015 and December 31, 2016 and (IV) in the foregoing clause (iv) for the fiscal quarters ended March 31, 2017 and June 30, 2017.
Upon receipt of such notice the Lead Left Arranger shall promptly notify the New Term Loan Lender thereof.
For the avoidance of doubt, the Existing Term Loans of a Continuing Term Lender must be continued in whole and may not be continued in part unless approved by the Lead Left Arranger.
Counsel for the Lead Left Arranger and the Administrative Agent: Sidley Austin LLP.
Expenses: The Loan Parties will reimburse the Lead Left Arranger and the Administrative Agent (and all Lenders in the case of enforcement costs and documentary taxes) for all reasonable and documented out-of-pocket costs and expenses in connection with the syndication, negotiation, execution, delivery and administration of the Financing Documentation and any amendment or waiver with respect thereto (including, without limitation, reasonable fees and expenses of counsel thereto).
The continuation of the Continued Term Loans may be implemented pursuant to other procedures specified by the Lead Left Arranger, including by repayment of the Continued Term Loans of a Continuing Term Lender followed by a subsequent assignment to it of Tranche B Term Loans in the same amount.
Upon receipt of such notice the Lead Left Arranger shall promptly notify the New Term Loan Lender and Repricing Cashless Term Lenders thereof.
The Borrower shall provide the Administrative Agent and the Lead Left Arranger notice prior to 11:30 A.M. (or such later time as may be agreed to by the Administrative Agent in its reasonable discretion), New York City time, on the Thirteenth Amendment Effective Date specifying the amount of the Repriced B-2021 Term Loans to be borrowed on the Thirteenth Amendment Effective Date.
Loans under the Term Loan Credit Facility shall be repaid, in inverse order of maturity, with 100% of all net cash proceeds resulting from material asset sales (with a materiality threshold and a reinvestment period to be agreed upon by the Borrower and the Lead Left Arranger) and 100% of all net cash proceeds resulting from debt and equity issuances (with carveouts to be agreed upon by the Borrower and the Lead Left Arranger).
The Company shall pay to the Lead Left Arranger and Administrative Agent for their own respective accounts, fees in the amounts and at the times so specified in the Fee Letter.