Example ContractsClausesadministrative agent reliance on lender fundingVariants
Administrative Agent Reliance on Lender Funding
Administrative Agent Reliance on Lender Funding contract clause examples

the failure of any Lender within three Business Days after request by the Administrative Agent, to confirm that it will comply with its funding obligations under the Revolving Facility; provided that such Lender will cease to be a Defaulting Lender pursuant to this clause (3) upon receipt of such written confirmation by the Administrative Agent and Borrower Representative;

revolving loans or reimbursement obligations required to be made by it, which refusal or failure is not cured within two Business Days after the date of such refusal or failure; # the failure of any Lender to pay over to the Administrative Agent, any L/C Issuer or any other Lender any other amount required to be paid by it hereunder within two Business Days of the date when due, unless subject to a good faith dispute; # a Lender has notified the Lead Borrower or the Administrative Agent that it does not intend to comply with its funding obligations, or has made a public statement to that effect with respect to its funding obligations, under the Revolving Credit Facility or under other agreements generally in which it commits to extend credit; # a Lender has failed, within three Business Days after request by the Administrative Agent, to confirm that it will comply with its funding obligations under the Revolving Credit Facility; or # a Lender has admitted in writing that it is insolvent or such Lender becomes subject to a Lender- Related Distress Event or a Bail-In Action. Any determination by the Administrative Agent that a Lender Default has occurred under any one or more of [clauses (i) through (v) above] shall be conclusive and binding absent manifest error, and the applicable Lender shall be deemed to be a Defaulting Lender (subject to Section 2.17(b)) upon delivery of written notice of such determination to the Lead Borrower, each L/C Issuer, each Swing Line Lender and each Lender.

has failed, within three Business Days after written request by the Administrative or the , to confirm in writing to the Administrative and the that it will comply with its prospective funding obligations hereunder (provided that such shall cease to be a Defaulting pursuant to this [clause (c)] upon receipt of such written confirmation by the Administrative and the ), or

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