Class A Revolving Conduit Lender definition

Class A Revolving Conduit Lender means collectively, the Persons identified as “Class A Revolving Conduit Lenders” on Appendix A and any other Person that becomes a party hereto as a Class A Revolving Conduit Lender pursuant to an Assignment Agreement
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Class A Revolving Conduit Lender means each financial institution listed on the signature pages of this Agreement as a Class A Revolving Conduit Lender, which, as of the Closing Date consists only of GIFS Capital Company, LLC, and any other Person that becomes a party to this Agreement as a Class A Revolving Conduit Lender pursuant to an Assignment Agreement.
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Class A Revolving Conduit Lender means each financial institution listed on the signature pages of this Agreement as a Class A Revolving Conduit Lender, and any other Person that becomes a party to this Agreement as a Class A Revolving Conduit Lender pursuant to an Assignment Agreement. “Class A Revolving Conduit Maximum Amount” means the amount of each Class A Revolving Conduit Lender’s Class A Revolving Conduit Maximum Amount, if any, as set forth on 0 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions of this Agreement. The Class A Revolving Conduit Maximum Amount of each Class A Revolving Conduit Lender will be equal to zero ($0) on the Revolving Commitment Termination Date. “Class A Revolving Lender” means each Class A Revolving Committed Lender and each Class A Revolving Conduit Lender. “Class A Revolving Loan” means a Loan made by a Class A Revolving Lender to the Borrower pursuant to Section 0. “Class A Revolving Maximum Amount” means the total Class A Revolving Committed Maximum Amounts and the total Class A Revolving Conduit Maximum Amounts, provided however, for greater certainty, that the Class A Revolving Maximum Amount shall not, at any given time, exceed Four Hundred and Fifty Million Dollars ($450,000,000). “Class A Undrawn Fee” means, [***] “Class B Agent” as defined in the preamble hereto. “Class B Applicable Margin” means [***] “Class B Base Margin” means [***] “Class B Borrowing Base” means, as of any day, an amount equal to the lesser of: (a) (i) the Applicable Class B Advance Rate, multiplied by the Aggregate Adjusted EPOB pertaining to Eligible Loan Assets at such time plus (ii) the aggregate amount of Collections in the Waterfall Account after giving effect to the application of available funds in accordance with Section 0 on the next following Distribution Date, minus (iii) the Total Utilization of Class A Revolving Maximum Amount; and (b) the total Class B Revolving Commitments on such day.
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Examples of Class A Revolving Conduit Lender in a sentence

  • At no time will a Class A Revolving Conduit Lender be obligated to make Class A Revolving Loans hereunder regardless of any notice given or not given pursuant to this Section.

  • If a Class A Revolving Conduit Lender rejects a Funding Notice, the related Class A Managing Agent shall promptly notify Company and the related Class A Revolving Committed Lender(s) of such rejection.

  • If a Class A Revolving Conduit Lender shall receive a Funding Notice, such Class A Revolving Conduit Lender shall instruct the related Class A Managing Agent to accept or reject such request by no later than the close of business on the Business Day of the receipt of the applicable Funding Notice.

  • Company, each Lender, each Managing Agent and each Agent each hereby agrees that it will not institute against any Class A Revolving Conduit Lender any proceeding under any Debtor Relief Laws so long as any Commercial Paper issued by such Conduit Lender shall be outstanding or there shall not have elapsed one year plus one day since the last day on which any such Commercial Paper shall have been outstanding.

  • If a Class A Revolving Conduit Lender declines to fund any portion of the Class A Revolving Loans requested of the Class A Lender Group of which it is a member in a Funding Notice, the Borrower may cancel and rescind such Funding Notice in its entirety upon notice thereof received by the Administrative Agent and each Class A Managing Agent prior to the close of business on the Business Day immediately prior to the proposed Credit Date.

  • The Class A Managing Agent for the Gemini Class A Lender Group shall have received, to the extent required, evidence satisfactory to it that this Agreement will not result in a reduction or withdrawal of the rating of the Commercial Paper issued by the Class A Revolving Conduit Lender in the Gemini Class A Lender Group by any rating agency then rating such Commercial Paper.

  • If a Class A Revolving Conduit Lender declines to fund any portion of the Class A Revolving Loans requested of the Class A Lender Group of which it is a member in a Funding Notice, Company may cancel and rescind such Funding Notice in its entirety upon notice thereof received by the Administrative Agent and each Class A Managing Agent prior to the close of business on the Business Day immediately prior to the proposed Credit Date.

  • Each Class A Revolving Conduit Lender shall have no obligation to pay any amounts owing under this Agreement unless and until such Class A Revolving Conduit Lender has received such amounts pursuant to this Agreement.

  • Each Class A Revolving Committed Lender, Class A Revolving Conduit Lender and Class B Revolving Lender will have the option, but not the obligation, to participate as an Accordion Lender, which participation will be evidenced by notice in writing from the applicable Lender to the Borrower within ten (10) Business Days of the date following the Accordion Notice (the “Accordion Participation Deadline”).

  • But it is becoming increasingly clear that, since the dawn of democracy, thecreation and application of idealistic policies were insufficient for the abolition of historical and structural inequities in education (Schafer & Wilmot, 2012).

Related to Class A Revolving Conduit Lender

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • New Revolving Lender as defined in Section 2.24.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $25,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • U.S. Revolving Lender means a Lender with a U.S. Revolving Commitment or, if the U.S. Revolving Commitments have terminated or expired, a Lender with U.S. Revolving Exposure.

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class as a result of an Incremental Revolving Credit Commitment.

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.