AYE Lenders definition

AYE Lenders means the "AYE Lenders" under, and as defined in, the AYE Credit Agreement.
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Examples of AYE Lenders in a sentence

  • Each Borrowing shall be in an aggregate amount of $2,000,000 or an integral multiple of $1,000,000 in excess thereof (other than a Borrowing the proceeds of which shall be used solely to repay or prepay in full outstanding Letter of Credit Advances) and shall consist of Loan Advances of the same Type made simultaneously by the AYE Lenders ratably according to their Loan Commitments.

  • The Parent may, upon at least ten Business Days' notice to the AYE Lender Agent, terminate in whole or reduce in part the Unused Loan Commitments; provided that (i) each partial reduction of the Loan Facility shall be in an aggregate amount of $2,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) each partial reduction of the Loan Facility shall be made ratably among the AYE Lenders in accordance with their respective Loan Commitments immediately prior to such reduction.

  • Unless otherwise agreed to by the Required AYE Lenders, directly or indirectly effect or undertake, or permit any of its Subsidiaries to effect or undertake, any Partial Sale, or enter into, or permit any of its Subsidiaries to enter into, any agreement or arrangement for a Partial Sale.

  • Upon the drawing of the Letter of Credit for which funds are on deposit in the Cash Collateral Account, such funds shall be applied to reimburse the AYE Issuing Bank or AYE Lenders, as applicable, to the extent permitted by applicable law.

  • Each AYE Lender shall, before 12:00 noon (New York City time) on the date of such Borrowing, make available for the account of its Applicable Lending Office to the AYE Lender Agent at the AYE Lender Agent's Account, in immediately available funds, such AYE Lender's ratable portion of such Borrowing in accordance with the respective Loan Commitments of the AYE Lenders.

  • Upon any such resignation or removal, the Required AYE Lenders and the Required AESC Lenders, collectively through their respective Representative Agents, shall have the right to appoint a successor Intercreditor Agent.

  • Register Title: Principal $305,000,000 CREDIT AGREEMENT Dated as of February 21, 2003 Among ALLEGHENY ENERGY, INC., MONONGAHELA POWER COMPANY and WEST PENN POWER COMPANY as Borrowers and THE INITIAL LENDERS AND INITIAL ISSUING BANK NAMED HEREIN as Initial AYE Lenders and Initial AYE Issuing Bank and CITIBANK, N.A. as AYE Lender Agent XXXXXXX XXXXX XXXXXX INC.

  • The AYE Lender Agent shall have received a copy of the Business Plan in form and substance satisfactory to FTI and the AYE Lenders.

  • The AYE Lender Agent shall have received evidence reasonably satisfactory to the AYE Lenders, as to the provision of services by the Financial Advisor to the Parent until the date specified in clause (a) of the definition of "Termination Date".

  • Each Borrower shall repay to the AYE Lender Agent for the ratable account of the AYE Lenders (i) on the Termination Date the aggregate principal amount of all Advances made to such Borrower and which are then outstanding and (ii) on each Quarterly Date, the aggregate principal amount of Advances made to such Borrower and which are then outstanding, to the extent required under Section 2.06(b)(i).

Related to AYE Lenders

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

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

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

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

  • Prepetition Lenders means the lenders under the Prepetition Credit Agreement.

  • 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.

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Issuing Lenders means all such Persons, collectively.

  • U.S. Lenders means the Lenders having U.S. Commitments or outstanding U.S. Loans.

  • Revolving Credit Lenders means the financial institutions from time to time parties hereto as lenders of the Revolving Credit.

  • Consenting Lenders has the meaning specified in Section 2.13(b).

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Reference Lenders means the Agent unless the Agent resigns said responsibility, at which time and thereafter such term means one or two Lenders selected by the Agent in its discretion from time to time as a reference lender for purposes of determining the Adjusted Libor Rate.

  • Canadian Lenders means the Persons (or an Affiliate or branch of any such Person that is acting on behalf of such Person, in which case the term “Canadian Lenders” shall include any such Affiliate or branch with respect to the Canadian Loans made by such Affiliate or branch) having a Canadian Commitment and any other Person that shall acquire a Canadian Commitment, other than any such Person that ceases to be a Canadian Lender pursuant to an Assignment and Assumption.

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Swingline Lenders means JPMorgan Chase Bank, N.A., in its capacity as a lender of Swingline Loans hereunder.

  • Swing Line Lenders means each of the Lenders that has a Swing Line Commitment on Schedule 2.1 hereto, or any successor swing line lender hereunder.

  • Extending Lenders has the meaning specified in Section 2.08.