Tranche A Lender definition
Examples of Tranche A Lender in a sentence
Each Tranche A Lender and the Credit Parties agree that, in paying any drawing under a Letter of Credit, the Letter of Credit Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by such Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document.
The Administrative Agent shall notify each Tranche A Lender of such Request for Letter of Credit and the terms of the requested Letter of Credit.
Subject to receipt of notice from the Administrative Agent, each Tranche A Lender shall pay to the Administrative Agent such Tranche A ▇▇▇▇▇▇’s Pro Rata Tranche A Share of the amount disbursed by the Letter of Credit Issuer on the Business Day on which the Letter of Credit Issuer honors any such draft or incurs or is owed any such interest, costs, expenses or fees.