TLE Lender definition
Examples of TLE Lender in a sentence
Notice of receipt of such Borrowing Notice or Interest Rate Selection Notice, as the case may be, together with a specification of the amount of each TLE Lender's portion of the TLE Loans requested thereunder, shall be provided by the Agent to each TLE Lender by telefacsimile transmission with reasonable promptness, but (provided the Agent shall have received such notice by 1:00 P.M.) not later than 2:00 P.M. on the same day as the Agent's receipt of such notice.
Upon the request to the Agent by any TLE Lender, the TLE Loans made by such Lender to the TLE Borrower shall be evidenced by a TLE Note payable by the TLE Borrower to the order of such TLE Lender, which TLE Note shall be dated the date of such borrowing or a later date pursuant to an Assignment and Assumption and shall be duly completed, executed and delivered by the TLE Borrower.
If, but only if, each TLE Lender confirms that it expects such deposits to be available to it on terms acceptable to such TLE Lender, in its own discretion, then the TLE Borrower shall be entitled to select a duration of nine or twelve months for such Interest Period.
Notwithstanding the foregoing, so long as any TLE Lender fails to make available any portion of its TLE Commitment when requested, such TLE Lender shall not be entitled to receive payment of its pro rata share of such fee until such Lender shall make available such portion.
The Agent shall give each TLE Lender, within one (1) Business Day of receipt of such notice, telefacsimile notice, or telephonic notice (confirmed in writing), of such reduction.