Lender Status definition
Examples of Lender Status in a sentence
Each Swiss Borrower shall ensure at any time that it is in compliance with the Non-Bank-Rules, provided that a Swiss Borrower shall not be in breach of this Clause 25.4 if its number of creditors in respect of either the 10 Non-Bank Rule or the 20 Non-Bank Rule is exceeded solely by reason of a failure by one or more of the Lenders to comply with their obligations under Clause 16.5 (Lender Status Confirmation) or Clause 27 (Changes to the Lenders).
Each Swiss Borrower shall ensure that it is in compliance with the Non-Bank-Rules, provided that a Swiss Borrower shall not be in breach of this Clause 22.30 if its number of creditors in respect of either the 10 Non-Bank Rule or the 20 Non-Bank Rule is exceeded solely by reason of a failure by one or more of the Lenders to comply with their obligations under Clause 16.5 (Lender Status Confirmation) or Clause 27 (Changes to the Lenders).
Each Swiss Borrower is in compliance with the Non-Bank-Rules, provided that a Swiss Borrower shall not be in breach of this representation and warranty if its number of creditors in respect of either the 10 Non-Bank Rule or the 20 Non-Bank Rule is exceeded solely by reason of a failure by one or more Lenders to comply with their obligations under Clause 16.5 (Lender Status Confirmation) or Clause 27 (Changes to the Lenders).
If a New Lender fails to indicate its status in accordance with this Clause 10.9 (Lender Status Confirmation) then such New Lender shall be treated for the purposes of this Agreement (including by the Company) as if it is not a Qualifying Person until such time as it notifies the Facility Agent which category applies (and the Facility Agent, upon receipt of such notification, shall inform the Company).
For the avoidance of doubt, a Transfer Certificate shall not be invalidated by any failure of a Lender to comply with this Clause 10.9 (Lender Status Confirmation).
Affirmative Covenants 21 Section 9.1. Compliance with Law 21 Section 9.2. Insurance 21 Section 9.3. Maintenance of Properties 21 Section 9.4. Payment of Taxes 22 Section 9.5. Corporate Existence, Etc 22 Section 9.6 Books and Records 22 Section 9.7. Asset Coverage 22 Section 9.8. Current Rating on the Notes 22 Section 9.9. Most Favored Lender Status 22 Section 9.10.
For the purposes of clause 12.26 (Lender Status Confirmation) of the Agreement, the New Lender confirms that it [is not a Qualifying Lender][is a Qualifying Lender (other than a Treaty Lender)][is a Treaty Lender].
Each Swiss Borrower is in compliance with the Twenty Non-Bank Rule and the One Hundred Non-Bank Rule provided that a Swiss Borrower shall not be in breach of this representation and warranty if its number of creditors in respect of either the Twenty Non-Bank Rule or the One Hundred Non-Bank Rule is exceeded solely by reason of (i) a failure by one or more Lenders to comply with their obligations under Clause 24 (Changes to the Lenders) or (ii) one or more Lenders misrepresenting its Lender Status.
For the avoidance of doubt, a Transfer Certificate shall not be invalidated by any failure of a Lender to comply with this Clause 14.5 (Lender Status Confirmation).
Most Favored Lender Status........................................................................................