Common use of Recognition as Lender Clause in Contracts

Recognition as Lender. The parties acknowledge and agree that each Assignee is, by virtue of compliance with the provisions of Section 13.1(4) of the Credit Agreement, as and from this date, a Lender under and as defined in the Credit Agreement for the purposes of the Credit Agreement and all of the other Documents and is bound by the terms, conditions and covenants, and entitled to the benefits thereof as if it were an original Lender and signatory with Commitments equal to the Commitments included in such Assignee’s Assigned Credit Facilities (as set out in Schedule “A”) and the Borrower shall be entitled as and from this date to deal exclusively and directly with such Assignee in respect of all matters relating to such Assignee’s Assigned Credit Facilities and the Documents.