Applicable Lenders definition

Applicable Lenders means the Required Lenders, all affected Lenders, or all Lenders, as the context may require.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Applicable Lenders means the Required Lenders, all affected Lenders, or all Lenders, as the context may require. “Applicable Margin” means:

Applicable Lenders means, in respect of:

Examples of Applicable Lenders in a sentence

• Upon any occasion requiring or permitting an approval, consent, waiver, election or other action on the part of the Applicable Lenders, action shall be taken by the Agent for and on behalf or for the benefit of all Lenders upon the direction of the Applicable Lenders, and any such action shall be binding on all Lenders.

• The Agent and their respective directors, officers, agents and employees shall in no event be liable to the Lenders or the Issuing Bank or to any of them for any action taken or omitted to be taken by them pursuant to instructions received by them from the Applicable Lenders or in reliance upon the advice of counsel selected by it.

• The Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless they shall first receive such advice or concurrence of the Applicable Lenders as they deem appropriate or they shall first be indemnified to their satisfaction by the Lenders against any and all liability and expense which may be incurred by them by reason of the taking or failing to take any such action.

• No amendment, modification, consent, or waiver shall be effective except in accordance with the provisions of Section 9.3. Upon the occurrence of an Event of Default, the Agent shall take such action with respect thereto as may be reasonably directed by the Applicable Lenders; provided that unless and until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action as they shall deem advisable in the best interests of the Lenders.

More Definitions of Applicable Lenders

Applicable Lenders means the lenders or other providers of funding under the European Credit Facility.

Applicable Lenders means with respect to a Borrower Group, the Lenders having Borrower Group Commitments to Borrowers within such Borrower Group.

Applicable Lenders. (a) with respect to Multicurrency Facility Loans made to the US Borrowers, the Canadian Borrowers or the UK Borrowers, the Multicurrency Facility Lenders and (b) with respect to US Facility Loans made to the US Borrowers, the US Facility Lenders.

Applicable Lenders means (a) with respect to Revolving Facility, the Revolving Lenders, and (b) with respect to Term Facility, the Term Lenders.

Applicable Lenders. (i) with respect to the U.S. Borrower and the European Borrower, the U.S. Lenders, and (ii) with respect to the Canadian Borrower, the Canadian Lenders.

Applicable Lenders. The Domestic Lenders, the Canadian Lenders, the European Lenders or the Australian Lenders, as the context requires.

Applicable Lenders means the Required Lenders, all affected Lenders, or all Lenders, as the context may require. “Applicable Margin” means the percentages set forth in the pricing grid below: