Cash Management Lender definition
Examples of Cash Management Lender in a sentence
Each Lender Counterparty or Cash Management Lender not a party to this Agreement that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of Administrative Agent pursuant to the terms of Article IX hereof for itself and its Affiliates as if a “Lender” party hereto.
The Borrower and each of the Lenders agrees that any amounts due to the Cash Management Lender under the Cash Management Facilities shall be deemed to form part of the Loan under the Revolving Facility and shall be secured by the Security.
The Cash Management Lender shall advise the Agent of any outstanding Advances upon the request of the Agent.
Notwithstanding the foregoing, Lender Hedging Obligations and Cash Management Obligations and shall be excluded from the application described above if Administrative Agent has not received written notice thereof, together with such supporting documentation as Administrative Agent may request, from the applicable Lender Counterparty or Cash Management Lender, as the case may be.
Notwithstanding the foregoing, Lender Hedging Obligations and Cash Management Obligations shall be excluded from the application described above if Administrative Agent has not received written notice thereof, together with such supporting documentation as Administrative Agent may request, from the applicable Lender Counterparty or Cash Management Lender, as the case may be.
Each Lender, Swap Lender, Cash Management Lender and Creditcard Lender agrees that, after the Adjustment Time, it will at any time and from time to time upon the request of the Administrative Agent purchase portions of the amounts secured by the Security and make any other adjustments which may be necessary or appropriate in order that amounts which remain outstanding under the Credit Documents, as adjusted pursuant to this Section 12.18, are in accordance with the provisions of Section 10.7.
Anything herein to the contrary notwithstanding, none of the Bookrunners, Arrangers or Syndication Agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents except in its capacity, as applicable, as the Administrative Agent, a Lender, a Swap Lender, a Cash Management Lender or a Creditcard Lender hereunder.
If any assigning Lender is a Cash Management Lender assigning all of its Commitments and Loans, such assigning Cash Management Lender shall promptly transfer or cause its Affiliate to transfer, as applicable, all of the Cash or Cash Equivalents of any Credit Party held by it to one or more similar deposit or securities accounts maintained at the applicable Eligible Assignee or another Lender.
If at any time any Cash Management Lender is a Non-Funding Lender, the Borrower shall promptly notify the Administrative Agent as to whether any Lender or any Affiliate of any Lender that is not a Non-Funding Lender or an Affiliate of a Non-Funding Lender (each such Lender or Affiliate, a “New Cash Management Bank”) is willing and able to accept the transfer of all of the Cash or Cash Equivalents of the Credit Parties held by such Non-Funding Lender.
Each Lender Counterparty or Cash Management Lender not a party to this Agreement that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of Article X hereof for itself and its Affiliates as if a “Lender” party hereto.