CWEL definition
CWEL means direct child welfare service employee licensure.
CWEL means CASC ▇▇▇▇▇▇ Engine Lease Company Limited.
CWEL means CASC ▇▇▇▇▇▇ Engine Lease Company Limited. “Daily Simple SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for syndicated business loans; provided, that if Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then Administrative Agent may establish another convention in its reasonable discretion. “Default” means any event which, with the passage of time or notice or both, would, unless cured or waived, become an Event of Default. “Default Rate” means (i) with respect to Obligations under the Loan Documents other than Letter of Credit Obligations and SOFR Loans (but including SOFR Loans converted into Base Rate Loans), a per annum default rate equal to the Applicable Base Rate plus two percent (2.0%), (ii) for all then outstanding SOFR Loans, a per annum default rate equal to the Applicable SOFR Rate for such SOFR Loans plus two percent (2.0%), which Default Rate with respect to any SOFR Loans shall be in effect applicable until the earlier to occur of (x) the cure of the applicable “Event of Default” and (y) the end of the Interest Period, at which time (provided an Event of Default is then continuing) any such SOFR Loan(s) shall automatically convert to Base Rate Loan(s) and accrue interest at the Default Rate set forth herein for Base Rate Loans, and (iii) with respect to Letter of Credit Obligations (including Letter of Credit Fees), a per annum default rate equal to the then Applicable Base Rate plus two percent (2.0%). “Defaulting Lender” means a Lender which (i) has failed to (A) fund all or any portion of its Loans within one (1) Business Day of the date such Loans were required to be funded hereunder unless such Lender notifies Administrative Agent and Borrower in writing that such failure is the result of such ▇▇▇▇▇▇’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (B) pay to Administrative Agent, any Issuing Lender, any Swing Line Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swing Lin...
Examples of CWEL in a sentence
CWEL shall perform its duties under this Agreement as an independent contractor, and not as an agent of IGC.
Notwithstanding the foregoing, “Affiliate” shall not include, with respect to WLFC or any Borrower Group Company, WMES or CWEL.
More Definitions of CWEL
CWEL means CASC ▇▇▇▇▇▇ Lease Finance Company Limited “Daily Simple SOFR” with respect to any applicable determination date means the SOFR published on such date on the Federal Reserve Bank of New York’s website (or any successor source). “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect. “Default” means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default. “Default Rate” means (a) with respect to any due and unpaid Obligation for which a rate is specified, a rate per annum equal to two percent (2%) in excess of the rate otherwise applicable thereto and (b) with respect to any due and unpaid Obligation for which a rate is not specified or available, a rate per annum equal to the Base Rate plus the Applicable Rate for Revolving Loans that are Base Rate Loans plus two percent (2%), in each case, to the fullest extent permitted by Applicable Law. “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. “Defaulting Lender” means, subject to Section 2.15(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such ▇▇▇▇▇▇’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any L/C Issuer, the Swingline Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Loans) within two (2) Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent, any L/C Issuer or the Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writi...
CWEL means CASC ▇▇▇▇▇▇ Engine Lease Company Limited. “Daily Simple SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for syndicated business loans; provided that, if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion. “Debtor Relief Laws” means the Bankruptcy Code of the United States of America, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect. “Default” means any event or condition which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default. “Default Rate” means a per annum default rate equal to the Interest Rate at such time plus 2.0% per annum. “Defaulted Asset” means (a) an Asset with respect to which any payment due under the relevant Asset Lease or Loan Asset remains unpaid in whole or in part past the date on which such failure to pay results in a “default” under the relevant Portfolio Document, without giving effect to any applicable grace period, for a period of 30 days or more, (b) an “event of default” (or such similar term as defined in the relevant Portfolio Documents) other than a bankruptcy or payment default shall have occurred and be continuing in respect of such Asset Lease or Loan Asset, (c) the relevant Underlying Obligor is in ongoing bankruptcy or insolvency proceedings, unless (x) the Required Lenders have consented or (y) in the case of an Asset Lease, such Asset Lease is the subject of an order of the applicable bankruptcy court or other authority that allows (or applicable law otherwise provides for) such Asset Lessee or the related Underlying Obligor to assume the Asset Lease or allows the relevant Borrower Group Company to exercise remedies or promptly seek relief from the relevant bankruptcy court or other authority to exercise remedies upon the occurrence of an event of default under such applicable Asset Lease or Loan Asset. “Defaulting Lender” means, subject to Section 12....
CWEL means CASC Willis Engine Lease Company Limited.