Contract analysis
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Contract analysis / lakeshore-acknowledgment-quarterly-request.docx
lakeshore-acknowledgment-quarterly-request.docx
High · 0
Medium · 1
Standard · 0
1. The Litigation Notice has been duly received, reviewed, and recorded by the Administra
1. The Litigation Notice has been duly received, reviewed, and recorded by the Administrative Agent in accordance with its customary procedures.
2. In accordance with the Administrative Agent's obligations under the Credit Agreement,
2. In accordance with the Administrative Agent's obligations under the Credit Agreement, the Litigation Notice has been circulated to the Lenders constituting the syndicate under the Credit Agreement, together with such summary information as the Administrative Agent deemed appropriate to include in its distribution.
3. As of the date of this letter, the Administrative Agent has not identified any current
3. As of the date of this letter, the Administrative Agent has not identified any current adverse impact on facility availability under the revolving credit facility or the term loan B as a direct consequence of the notified litigation. The Borrower's existing borrowing capacity and outstanding commitments remain as set forth in the most recent compliance certificate delivered to the Administrative Agent.
4. No Event of Default (as defined in the Credit Agreement) has been declared or is being
Medium
⚑ Forum / governing law
4. No Event of Default (as defined in the Credit Agreement) has been declared or is being declared by the Administrative Agent in connection with the notified litigation as of the date hereof. Notwithstanding the foregoing, the Administrative Agent wishes to emphasize that the statements set forth in this Section do not constitute, and shall not be deemed or construed to constitute, a waiver of any rights, remedies,