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).