New Lender definition
Examples of New Lender in a sentence
As used herein, the term “Lender” shall, unless other expressly provided herein, include the New Lender but shall exclude the Exiting Lender.
Each New Lender shall execute a lender joinder in a form reasonably acceptable to the Administrative Agent and the Borrowers.
The New Lender hereby appoints and authorizes the Administrative Agent to take such action as the Administrative Agent on its behalf and to exercise such powers and discretion under the Credit Agreement as are delegated to the Administrative Agent by the terms thereof, together with such powers and discretion as are reasonably incidental thereto.
Pursuant to Section 9.2 of the Existing Credit Agreement, the Administrative Agent, the Borrower, the Company and each Lender party hereto (constituting all of the Lenders under the Existing Credit Agreement on the date hereof and the New Lender) hereby consents to this Amendment, including, without limitation, the amendments set forth in Section 1 hereof.
Each New Lender represents and warrants that it has full power and authority, and has taken all action necessary, to execute this Amendment and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement.