Examples of Lender Insolvency Event in a sentence
Lender with respect to which a Lender Insolvency Event has occurred and is continuing with respect to such Lender or its Parent Company (p rovided, in each case, that neither the reallocation of funding obligations provided for in Section 2.19(b) as a result of a Lender’s being a Defaulting Lender nor the performance by Non-Defaulting Lenders of such reallocated funding obligations will by themselves cause the relevant Defaulting Lender to become a Non-Defaulting Lender).
Clause (v) of the definition of “Defaulting Lender” as defined in Section 1.01 of the Credit Agreement is hereby amended in its entirety to read as follows: (v) any Lender (x) with respect to which a Lender Insolvency Event has occurred and is continuing with respect to such Lender or its Parent Company or (y) has, or its Parent Company has, become the subject of a Bail-In Action.