Offshore Lenders definition
Examples of Offshore Lenders in a sentence
Parent represents and warrants that, except for claims against Cornamusa, none of the Offshore Lenders have any claims against the River Business or the Ocean Business.
Promptly upon receipt of funds from an Offshore Lender making an Offshore Loan as set forth above, such Offshore Administrative Agent shall remit such amount to the Offshore Lender or Offshore Lenders entitled to receive such amount, pro rata in proportion to the amounts to be received by them as determined above.
Upon receipt of any such request Administrative Agent will promptly notify Sub-Agent, Fronting Offshore Lender and Offshore Lenders thereof, and Fronting Offshore Lender and each Offshore Lender will use its commercially reasonable efforts to respond to such request within two Business Days of receipt thereof.
The Administrative Agent shall promptly notify the Company and the Offshore Lenders of the interest rate applicable to any Interest Period for Hybrid Offshore Loans that are Eurocurrency Rate Loans upon determination of such interest rate.
Any mandatory reduction of Offshore Loan Commitments pursuant to this subsection 2.4B shall be in proportion to each Offshore Lender's Pro Rata Share.
Within the limits of each Offshore Lender's Offshore Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Article III, prepay and reborrow under this Article III.
Each such prepayment shall be applied to the UK Offshore Loans of the Offshore Lenders in accordance with their respective Offshore Applicable Percentages.
Fronting Offshore Lender may from time to time sell or transfer to other Persons assignments or participations or other interests in Fronting Offshore Lender's Revolving Loans and Revolving Loan Commitment, as the case may be, but not in the portion thereof allocated to the Offshore Participations hereunder.
The Offshore Sub-Administrative Agent will promptly notify each Offshore Lender of its receipt of each such notice, and of the amount of such Offshore Lender's Offshore Applicable Percentage of such prepayment.
Each such prepayment shall be applied to the Hybrid Offshore Loans of the Offshore Lenders in accordance with their respective Offshore Applicable Percentages.