Continuing Lender definition

Continuing Lender as defined in Section 2.17(a).

Continuing Lender has the meaning specified in Section 2.21(a).

Continuing Lender means with respect to any event described in Section 2.07(b), a Lender which is not a Retiring Lender, and “Continuing Lenders” means any two or more of such Continuing Lenders.

Examples of Continuing Lender in a sentence

• The execution and delivery of this First Amendment shall be deemed a several representation by each New Lender and each Continuing Lender as to the matters set forth in Section 2.1.3 of the Credit Agreement.

• Upon such assignment, the Non-Extending Lender shall no longer be a Lender, such Replacement Lender shall become a Continuing Lender, and the Agent shall make appropriate entries in the Register to reflect the foregoing.

• Each Continuing Lender agrees to continue its Existing Advances as an Advance on the Closing Date in a principal amount equal to such Continuing Lender’s Existing Advances and (ii) each Additional Lender agrees to make an Additional Advance on such date to the Borrower in a principal amount equal to such Additional Lender’s Commitment that is in excess of the principal amount of such Lender’s Existing Advances, if any.

• Each such transferee successor Lender shall be deemed to be a Continuing Lender hereunder in replacement of the transferor Non-Extending Lender and shall enjoy all rights and assume all obligations on the part of such Non-Extending Lender set forth in this Agreement.

• Without prejudice to Clause 2.6 (Appointment of Successor Agent), each Continuing Lender appoints the Successor Agent to act as the agent of the Continuing Lenders for the purposes of this Clause 4 (Conditions Precedent).

More Definitions of Continuing Lender

Continuing Lender means with respect to any event described in Section 2.08(b), a Lender which is not a Retiring Lender, and “Continuing Lenders” means any two or more of such Continuing Lenders.

Continuing Lender as defined in Section 2.7.

Continuing Lender has the meaning set forth in Section 2.8(b).

Continuing Lender as defined in subsection 2.18(b).

Continuing Lender means each Original Lender that has delivered a Lender Consent Letter agreeing to convert all of the Original Term Loans made by such Original Lender to Tranche C Term Loans.

Continuing Lender is defined in Section 2.3.1.

Continuing Lender means with respect to any event described in Section 2.08(b), a Lender which is not a Retiring Lender, and “Continuing Lenders” means any two or more of such Continuing Lenders. “Corporation” means a corporation, association, company, joint stock company, limited liability company, partnership or business trust. “Corresponding Tenor” with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor. “Debt” of any Person means, without duplication, (i) all obligations of such Person for borrowed money, (ii) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (iii) all Guarantees by such Person of Debt of others, (iv) all Capital Lease Obligations and Synthetic Leases of such Person, (v) all obligations of such Person in respect of Interest Rate Protection Agreements, foreign currency exchange agreements or other interest or exchange rate hedging arrangements (the amount of any such obligation to be the net amount that would be payable upon the acceleration, termination or liquidation thereof), but only to the extent that such net obligations exceed $75,000,000 in the aggregate and (vi) all obligations of such Person as an account party in respect of letters of credit and bankers’ acceptances; provided, however, that “Debt” of such Person does not include (a) obligations of such Person under any installment sale, conditional sale or title retention agreement or any other agreement relating to obligations for the deferred purchase price of property or services, (b) obligations under agreements relating to the purchase and sale of any commodity, including any power sale or purchase agreements, any commodity hedge or derivative (regardless of whether any such transaction is a “financial” or physical transaction),