Potential Lender definition
Examples of Potential Lender in a sentence
If any Lender is willing to increase its Revolving Loan Commitment or if any Potential Lender acceptable to Administrative Lender is willing to make a Revolving Loan Commitment, Administrative Lender shall advise Borrowers’ Agent of the terms acceptable to such Lenders and/or Potential Lenders on which the aggregate Revolving Loans may be increased.
Yours faithfully [Existing Lender] We acknowledge and agree to the above: __________________ For and on behalf of [Potential Lender] “U” refers to the relevant Utilisation.
As at the date of this announcement, the Potential Lender was conducting a due diligence research on the Group, assessing the Company’s creditworthiness, and negotiating with the Company on the terms of the Third Party Loan.
During the term of this Agreement, Borrower may use the Sites and the Services to identify Potential Lenders with whom Borrower may enter into a transaction (any such transaction that is actually consummated, a “Completed Transaction”) pursuant to which Borrower will obtain capital from the Potential Lender (any such Potential Lender that consummates a Completed Transaction with Borrower, a “Lender”) on the terms and conditions agreed to by ▇▇▇▇▇▇ and Borrower.
To: [insert name of Potential Lender] Re: The Facilities Borrower Enodis Holdings Limited Amount: $225,000,000 Agent: The Royal Bank of Scotland plc Dear Sirs We understand that you are considering participating in the Facilities.
Parent has received a commitment letter (the “Commitment Letter”) from a potential lender (the “Potential Lender”) pursuant to which the Potential Lender has committed to provide a loan of up to €325,000,000 to finance the acquisition.
For and on behalf of [Potential Lender] "U" refers to the relevant Utilisation Date and/or the first day of the relevant Interest Period.
Option 2 is to be included where the Potential Lender holds or may hold shares in the offeree company or is otherwise interested or may become interested in shares carrying voting rights in the offeree company.
However, Parent may, in its sole discretion, obtain or seek to obtain substitute or replacement Acquisition Financing from one or more lenders other than the Potential Lender, so long as such substitute or replacement Acquisition Financing is on comparable or more favorable terms to Parent than the terms of the Acquisition Financing being replaced (as determined in Parent’s reasonable good-faith judgment) and does not have an adverse effect on Parent’s ability to consummate the Offer or the Merger.
The proposal included a draft debt commitment letter from the Potential Lender and was conditioned on Steinway granting Kohlberg Management a 21-day exclusivity period.