Examples of Original Lenders in a sentence
Additional restrictions (if any) on transfers of commitments in the New Money Facility to other New Money Lenders (whether or not Original Lenders) shall be on terms to be agreed in the facility agreement constituting the New Money Facility, provided that NewCo’s consent will not be required with respect to such transfers.
The relevant Obligors have granted certain security in favour of the Original Lenders to secure the Facility.
The Assignee further acknowledges that payments made to the (Original) Lender(s) duly notified to the Paying Agent in accordance with Clause 10 of the Loan Agreement 10 Business Days prior the relevant payment date shall fully discharge the Borrower from its obligations under the Loan Agreement.
The board of directors of the Company (the “Board”) is pleased to announce that, on 27 September 2016, the Company, as borrower, entered into a facility agreement (the “Facility Agreement”) with the Original Lenders (as defined below), pursuant to which the Original Lenders have agreed to make available to the Company a dual tranche three-year term loan facility in an aggregate principal amount of US$300,000,000 (the “Loan Facility”) at an interest rate of LIBOR plus 1.35% per annum.
The Agent must give this notification to the Company promptly upon receiving confirmation from the Original Lenders of such satisfaction.