Agreeing Lender definition

Agreeing Lender has the meaning given to it in Section 3.15(b);
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Agreeing Lender means any Requested Lender which agrees to extend the Termination Date pursuant to Section 5.2(a). (c) If, in respect of any Extension Request, the Required Lenders are Non-Agreeing Lenders, then: (i) the Termination Date for all Requested Lenders shall not be extended; and (ii) the Borrowers shall not be entitled to request any further extensions of the Termination Date. (d) If all Requested Lenders agree to the Extension Request pursuant to Section 5.2(a), then the Termination Date for all Requested Lenders shall be extended to the New Date pursuant to such Section 5.2(a). (e) If, after any Extension Request pursuant to Section 5.2(a), the provisions of Section 5.2(c) and 5.2(d) are not applicable, then: (i) each of the Agreeing Lenders shall have the right, but not the obligation, to purchase the Commitment of any Non-Agreeing Lender, and each of the Agreeing Lenders wishing to exercise its rights to purchase the Commitment of a Non-Agreeing Lender (each, a “Purchasing Lender”) shall forthwith so notify Master Borrower, the Administrative Agent and the other Lenders, and such Purchasing Lender shall thereupon be obligated to purchase not less than the 30th day after the Extension Decision Date an amount of such Commitment equal to the Commitment of the Non-Agreeing Lender multiplied by such Purchasing Lender’s Applicable Percentage of the Credit Facilities over the aggregate of all Purchasing Lenders’ Applicable Percentage of the Credit Facilities, or as otherwise agreed to by Master Borrower and all Purchasing Lenders. The Non-Agreeing Lender, the Purchasing Lender(s), the Administrative Agent, the Borrowers and each of the other Lenders, if any, shall forthwith duly execute and deliver any necessary documentation to give effect to such purchase, whereupon the Non-Agreeing Lender shall, as of the effective date thereof, be released from its obligations to the Borrowers hereunder and under the other Loan Documents arising subsequent to such date; or (ii) if none of the Agreeing Lenders exercises its rights under Section 5.2(e)(i), then Master Borrower shall: (A) so long as there exists no Default or Event of Default which is continuing, repay all Obligations owing hereunder to any such Non-Agreeing Lender on or prior to the 30th day after the - 87 - CREDIT AGREEMENT Extension Decision Date (and in any event no later than the unextended Termination Date applicable to Borrowers and such Non-Agreeing Lender), and upon such payment any such Non- Agreeing Le...
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Agreeing Lender has the meaning ascribed thereto in Section 3.6(b).
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Examples of Agreeing Lender in a sentence

  • Any Subject Maturity Date which shall be extended pursuant to Sections 3.15(d) or 3.15(e), shall constitute the Maturity Date for the applicable Agreeing Lender for all purposes of this Agreement after such extension.

  • In addition, contrary to digital content products, remedies in case of defective tangible goods are also regulated at EU level in business-to-consumers transactions (under the Consumer Sales and Guarantees Directive).


More Definitions of Agreeing Lender

Agreeing Lender means any Requested Lender which agrees to extend the Maturity Date pursuant to Section 3.6(a).
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Agreeing Lender has the meaning specified in SECTION 3.6(2).
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Agreeing Lender has the meaning as defined in Item 1 under Paragraph 2 of Article 31;
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Agreeing Lender has the meaning ascribed thereto in Section 4.1(b).
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Agreeing Lender means any Requested Lender which agrees to extend the Stated Term Date pursuant to Section 4.1(a).
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Related to Agreeing Lender

  • Purchasing Lender shall have the meaning set forth in Section 16.3(c) hereof.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • New Lender as defined in Section 2.1(c).

  • Purchasing Lenders shall have the meaning set forth in Section 9.6(c).

  • Increasing Lender has the meaning specified in Section 2.18(b).

  • Augmenting Lender has the meaning assigned to such term in Section 2.20.

  • Declining Lender has the meaning specified in Section 2.05(c).

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Extending Lender shall have the meaning assigned to such term in Section 2.21(e).

  • Exiting Lender see Section 2.17.7.

  • New Revolving Lender as defined in Section 2.24.

  • Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but on behalf of the Lenders hereunder.

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Assigning Lender means as specified in Section 13.8(b).

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Participating Lender has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • Notifying Lender has the meaning given in Clause 23.1 or Clause 24.1 as the context requires;

  • Additional Commitment Lender shall have the meaning provided in Section 2.15(c).

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

  • Non-Funding Lender has the meaning ascribed to it in Section 9.9(a)(ii).

  • Fronting Bank means each Lender identified as a “Fronting Bank” on Schedule II and any other Lender (in each case, acting directly or through an Affiliate) that delivers an instrument in form and substance satisfactory to the Borrowers and the Administrative Agent whereby such other Lender (or its Affiliate) agrees to act as “Fronting Bank” hereunder and that specifies the maximum aggregate Stated Amount of Letters of Credit that such other Lender (or its Affiliates) will agree to issue hereunder.

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • L/C Lender a Lender with an L/C Commitment.

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