Responding Lender definition
Examples of Responding Lender in a sentence
The Election Notice shall state that the Initiating Lender is willing to either (1) buy the entire interest in the Loan of the Responding Lender, or (2) sell to the Responding Lender the entire interest in the Loan of the Initiating Lender.
To: Mediobanca — Banca di Credito Finanziario S.p.A., as Agent under the Senior Facility Agreement (as defined below) Copy: Mediobanca — Banca di Credito Finanziario S.p.A. and Bank of America ▇▇▇▇▇▇▇ ▇▇▇▇▇ International Designated Activity Company, as Global Coordinators From: [Insert Lender name], as a Lender under the Senior Facility Agreement (the “Responding Lender”) [·] 2019 The Responding Lender refers to the letter dated 14 June 2019 from the Borrower to the Agent (the “Request Letter”).
If the Responding Lender elect (or is deemed to have elected) to be a seller, then the Responding Lender shall sell its interest in the Loan for the applicable Buy/Sell Purchase Price.
In the event that more than one Responding Lender has elected to be a purchaser, then such Responding Lenders shall purchase a share of the applicable interest in the Loan in proportion to the amount that each such Responding Lender owns of the Loan.
The Responding Lender hereby advises the Agent that it [consents][does not consent]* to the Proposals.
Each Foreign Subsidiary Lender that desires to participate in the Foreign Subsidiary Incremental Facility and/or increase its Foreign Subsidiary Revolver Commitment (each a "Foreign Subsidiary Responding Lender"), shall as soon as practicable specify the amount of each such proposed Foreign Subsidiary Revolver Commitment or increase thereto, as applicable, which it is willing to assume.
If the total amount that Responding Lenders are willing to increase their Tranche A Revolver Commitments exceeds the amount of the requested increase of Tranche A Revolver Commitments, Agent shall allocate the proposed increase of the Tranche A Revolver Commitments among the Responding Lenders ratably in proportion to the amount that each Responding Lender specified that it was willing to assume.
If the total amount that Responding Lenders are willing to increase their Tranche B Revolver Commitments exceeds the amount of the requested increase of Tranche B Revolver Commitments, Agent shall allocate the proposed increase of Tranche B Revolver Commitments among the Responding Lenders ratably in proportion to the amount that each Responding Lender specified that it was willing to assume.
The Responding Lender authorises the Agent, subject always to Clause 27 of the Senior Facility Agreement (Role of the Agent, the Arranging Parties, the Global Coordinators, and Others), to sign a copy of the Request Letter.
Any Responding Lender responding in the manner described in clause (III) of the immediately preceding sentence shall be deemed to consent to the applicable action that Initiating Lender desires to effectuate with respect to the Deadlocked Decision.