Relevant Lender definition

Relevant Lender means, with respect to each Loan, the Lender to whom such Loan is allocated as shown on the books of Lender's Agent maintained pursuant to Section 1.4 hereof.

Relevant Lender has the meaning ascribed to such term in clause 8.10 (Cash collateralisation).

Relevant Lender has the meaning assigned to such term in Section 9.05(i)(vii).

Examples of Relevant Lender in a sentence

• Unless the Lead Lender has been reimbursed by the Borrower, each Relevant Lender shall indemnify the Lead Lender against any cost, loss or liability incurred by the Lead Lender in connection with performing its services pursuant to this Agreement or any other Resolution Document (other than by reason of the Lead Lender’s gross negligence or willful misconduct).

• The fee shall be paid by each Relevant Lender in proportion of its Outstanding in the relevant Facilities.

• The proportion of such cost, loss or liability to be borne by each Relevant Lender shall be based on the proportion of Outstanding of each such Relevant Lender in the Facilities.

• The Majority Lenders may appoint any Relevant Lender to act as the Lead Lender.

• If a default occurs (and the same is not cured), then a Relevant Lender may, by a written request to the Lead Lender, make a reference of the respective Borrower for resolution in accordance with this Agreement within 30 (thirty) days of the Date of Default.

More Definitions of Relevant Lender

Relevant Lender means, in connection with any termination or expiration of Commitments, (x) if such expiration or termination occurs pursuant to Section 2.1.1 and after giving effect thereto the Aggregate Outstanding Credit Exposure does not exceed the Aggregate Commitment, each Lender holding a Commitment after giving effect to such expiration or termination and (y) otherwise, each Lender holding a Commitment immediately before giving effect to such expiration or termination and (ii) the Pro Rata Shares of the Relevant Lenders shall be calculated as if the Aggregate Commitment were equal to the sum of the Commitments of the Relevant Lenders as in effect immediately prior to such termination or expiration.

Relevant Lender means a Lender which has, at any time during the Security Period, become a signatory to the Poseidon Principles.

Relevant Lender has the meaning ascribed to such term in Clause 24.13 (Right of Replacement).

Relevant Lender means, in respect of each Reference Obligation, the entity which is exposed to the risk of that Reference Obligation from time to time. For the avoidance of doubt, the Relevant Lender may be an entity other than the Issuer.

Relevant Lender has the meaning given to that term in paragraph (b) of Clause 8.1 (Selection of Incremental Facility Lenders).

Relevant Lender means any person who is a bank and/or financial institution and who, immediately before Closing, was a lender to, or made other banking facilities available to, any of the Target Companies; and

Relevant Lender means (i) in the case of a Canadian Loan, the Canadian Lender; (ii) in the case of a UK Loan, the UK Lender; and (iii) in the case of an EMU Loan, the applicable EMU Lender. EuroPentair - see the Preamble.