Common use of Lender Status Confirmation Clause in Contracts

Lender Status Confirmation. Each Lender, which is not an Original Lender, shall indicate, in the documentation which it executes on becoming a Party as a Lender which of the following categories it falls in: (a) not a Qualifying Lender; (b) a Qualifying Lender (other than a Treaty Lender); or (c) a Treaty Lender(on the assumption that all procedural formalities have been completed). If such a Lender fails to indicate its status in accordance with this Clause 12.5 then that Lender shall be treated for the purposes of this Agreement (including by each Obligor) as if it is not a Qualifying Lender until such time as it notifies the Agent which category applies (and the Agent, upon receipt of such notification, shall promptly inform the Borrower). For the avoidance of doubt, the documentation which a Lender executes on becoming a Party as a Lender shall not be invalidated by any failure of a Lender to comply with this Clause 12.5.

Appears in 2 contracts

Sources: Facility Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.)

Lender Status Confirmation. Each Lender, Lender which is not an Original Lender, Lender shall indicate, in the documentation which it executes on becoming a Party as a Lender which of the following categories it falls in: (a) not a Qualifying Lender; (b) a Qualifying Lender (other than a Treaty Lender); or (c) a Treaty Lender(on Lender (on the assumption that all procedural formalities have been completed). If such a Lender fails to indicate its status in accordance with this Clause 12.5 then that Lender shall be treated for the purposes of this Agreement (including by each Obligor) as if it is not a Qualifying Lender until such time as it notifies the Agent which category applies (and the Agent, upon receipt of such notification, shall promptly inform the Borrower). For the avoidance of doubt, the documentation which a Lender executes on becoming a Party as a Lender shall not be invalidated by any failure of a Lender to comply with this Clause 12.5.

Appears in 2 contracts

Sources: Facility Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.)

Lender Status Confirmation. Each Lender, A Lender which is not an the Original Lender, Lender shall indicate, in the documentation which it executes on becoming a Party as a Lender the Lender, without liability to any Obligor, which of the following categories it falls in: (aA) not a Qualifying Lender; (bB) a Qualifying Lender (other than a Treaty Lender); or (cC) a Treaty Lender(on the assumption that all procedural formalities have been completed)Lender. If such a Lender fails to indicate its status in accordance with this Clause 12.5 11.5 then that Lender shall be treated for the purposes of this Agreement (including by each Obligor) as if it is not a Qualifying Lender until such time as it notifies the Agent Company which category applies (and the Agent, upon receipt of such notification, shall promptly inform the Borrower)applies. For the avoidance of doubt, the documentation which a Lender executes on becoming a Party as a the Lender shall not be invalidated by any failure of a Lender to comply with this Clause 12.511.5.

Appears in 1 contract

Sources: Revolving Facility Agreement (MYT Netherlands Parent B.V.)

Lender Status Confirmation. Each Lender, which is not an Original Lender, shall indicate, in the documentation which it executes on becoming a Party as a Lender which of the following categories it falls in: (a) not a Qualifying Lender; (b) a Qualifying Lender (other than a Treaty Lender); or (c) a Treaty Lender(on Lender (on the assumption that all procedural formalities have been completed). If such a Lender fails to indicate its status in accordance with this Clause 12.5 then that Lender shall be treated for the purposes of this Agreement (including by each Obligor) as if it is not a Qualifying Lender until such time as it notifies the Agent which category applies (and the Agent, upon receipt of such notification, shall promptly inform the Borrower). For the avoidance of doubt, the documentation which a Lender executes on becoming a Party as a Lender shall not be invalidated by any failure of a Lender to comply with this Clause 12.5.

Appears in 1 contract

Sources: Facility Agreement (Bristow Group Inc.)

Lender Status Confirmation. Each Lender, Lender which is not an Original Lender, Lender shall indicate, in the documentation which it executes on becoming a Party as a Lender Lender, and for the benefit of the Facility Agent and without liability to any Obligor, which of the following categories it falls in: (a) not a Qualifying Lender; (b) a Qualifying Lender (other than a Treaty Lender); or (c) a Treaty Lender(on the assumption that all procedural formalities have been completed)Lender. If such a Lender fails to indicate its status in accordance with this Clause 12.5 13.5 then that Lender shall be treated for the purposes of this Agreement (including by each Obligorthe Borrower) as if it is not a Qualifying Lender until such time as it notifies the Facility Agent which category applies (and the Facility Agent, upon receipt of such notification, shall promptly inform the BorrowerCompany). For the avoidance of doubt, the documentation which a Lender executes on becoming a Party as a Lender shall not be invalidated by any failure of a Lender to comply with this Clause 12.513.5.

Appears in 1 contract

Sources: Multicurrency Revolving Facility Agreement (H Lundbeck a S)