Example ContractsClausesadministrative agent reliance on lender fundingIdentical
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Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with paragraph # of this Section and may, in reliance upon such assumption, make available to the applicable Borrower on such date a corresponding amount in the required currency. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and such Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available to such Borrower to but excluding the date of payment to the Administrative Agent, at # in the case of such Lender, the rate reasonably determined by the Administrative Agent to be the cost to it of funding such amount or # in the case of such Borrower, the interest rate applicable to the subject Loan.

ALBANY INTERNATIONAL CORP /DE/ (AIN) (CIK 0000819793)
Source: SEC EDGAR database • Date: November 7, 2017 • SIC: 2221 • CIK: 2221
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