Finance Parties Sample Clauses

Finance Parties. The Borrower shall from time to time indemnify each Finance Parry in respect of all costs and expenses (including legal fees) incurred in or in connection with the preservation and/or enforcement of any of their respective rights under the Finance Documents.

Finance Parties. 22.1 Procedure for Decision-Making by the Creditors. Consents of the Creditors 22.1.1 The Creditors hereby agree that in the cases expressly stipulated by this Agreement or other Finance Documents the Creditors may exercise their rights under this Agreement or take any actions only subject to availability of the consent of the Majority of Creditors or all Creditors (hereinafter referred to as the “Consent”). 22.1.2 A decision to provide the Consent shall be made by the Creditors through voting, the procedure for which is stipulated by this Article 22.1. In such a case, the provision of Article 91 (Decisions of Meetings) of the Civil Code shall not apply. 22.1.3 In all cases, when the Creditors vote for the purposes of the Finance Documents, a vote of each Creditor is equal to its Pro Rata Share. 22.1.4 The Credit Manager may, upon its own initiative, or shall, upon a request by any Creditor or Borrower, put an issue to a vote and in such a case it shall inform all Creditors (other than the Creditor being the Credit Manager) about an issue being put to a vote (hereinafter referred to as the “Issue Put to a Vote”) through sending of a notice containing a description of such Issue Put to a Vote and any other information, which is necessary in the Credit Manager's opinion (hereinafter referred to as the “Notice about Putting to a Vote”). The Notice about Putting to a Vote shall specify a period for sending to the Creditors notices containing results of voting of each Creditor with regard to the Issues Put to a Vote (hereinafter each of such notices is referred to as the “Notice about the Creditor's Decision"). Such a period may not be less than five Business Days, except for the cases when it follows from the circumstances of the Issues Put to a Vote that the Creditors’ votes are required within a shorter period. 22.1.5 The Notice about the Creditor's Decision shall be signed by the authorized person of the relevant Creditor and shall contain an unambiguous answer of the Creditor with regard to the question whether such Creditor votes for or against granting of the Consent to each of the relevant Issues Put to a Vote. The Credit Manager shall not check powers of the person having signed the Notice about the Creditor's Decision and may presume that such person was authorized, if until the date of sending the relevant Notice about the Creditor's Decision the relevant Creditor did not informed the Credit Manager that such a person is not an authorized representat...

Finance Parties. 2.2.1 Each Lender has an independent right to demand that the Borrower repays the Facility Outstanding, interest and other payments contemplated by the terms of this Agreement. Except as provided for in this Agreement, each Finance Party has the right to independently enforce its rights under the Finance Documents. At the same time, the Finance Parties shall exercise their rights subject to the provisions of Clause 24 (Finance Parties). 2.2.2 No Finance Party shall be liable for the obligations of another Finance Party under the Finance Documents. In the event that any ▇▇▇▇▇▇ refuses to grant the Facility on the basis contemplated by Clause 6 (Termination of Lender’s obligations), and also if a Lender violates its obligation to grant the Facility within its Available Commitment, the Facility amount shall be reduced by this Lender’s Available Commitment.

Finance Parties. Role of the Agents, the Security Agent and the Arranger

Finance Parties. Each Finance Party agrees that it will not assign, transfer or novate any of its rights, benefits, interests or obligations under any Finance Document, none of which are capable of assignment, transfer or novation except in order to comply with any Applicable Law or as expressly permitted in accordance with the terms of this Agreement.

Finance Parties. The provisions of this Agreement will not: (a) interfere with the right of any Finance Party to arrange its affairs (Tax or otherwise) in whatever manner it thinks fit; (b) oblige any Finance Party to investigate or claim any credit, relief, remission or repayment available to it in respect of Tax or the extent, order and manner of any claim; or (c) oblige any Finance Party to disclose any information relating to its affairs (Tax or otherwise) or any computation in respect of Tax.

Finance Parties. Each Lender has an independent right to demand that the Borrower repays the Facility Outstanding, interest and other payments contemplated by the terms of this Agreement. Except as provided for in this Agreement, each Finance Party has the right to independently enforce its rights under the Finance Documents. At the same time, the Finance Parties shall exercise their rights subject to the provisions of Clause 24 (Finance Parties).

Finance Parties. The Finance Parties as at 31st July 1997 constitute the Banks, the Lead Bank, the Co-Lead Bank, the International Security Agent, the US Security Agent, the Documentation Agent and the members of the Steering Committee as at that date.

Finance Parties. Subject as provided in Clause 21.5 (Transfers) until the Senior Discharge Date, no Senior Creditor and no Bridge Creditor will assign, transfer or dispose of any of the Senior Debt or Bridge Debt owing to it or transfer by novation or otherwise any of its rights or obligations under the Senior Finance Documents or Bridge Finance Document to any person.