Declined Amount definition

Declined Amount as defined in Section 2.12(e).

Declined Amount has the meaning set forth in Section 2.11(h).

Declined Amount as defined in Subsection 4.4(h).

Examples of Declined Amount in a sentence

• Such written notice shall also be signed by such Additional Lender and shall confirm that the relevant Additional Lender has agreed to assume a Commitment in an amount of up to the Declined Amount.

• On the Prepayment Date, 50% of the Declined Amount shall be used to prepay outstanding Revolving Credit Advances in accordance with Section 2.06(b)(iv) above, and the Borrowers may elect, in their discretion to retain the remaining portion of any such Declined Amount.

• For the avoidance of doubt, (i) the Borrower shall not be subject to the requirements of this Section 2.11(d) with respect to any such prepayment occurring on or after the two-year anniversary of the Closing Date and (ii) no such prepayment premium shall be payable with respect to the Declined Amount.

• Any Lender may decline any mandatory prepayment (each, a “Declined Amount” ), in which case such Declined Amount may be retained by Borrower (and, for the avoidance of doubt, included in the Available Amount to the extent provided below).

• Amounts to be applied in connection with prepayments made pursuant to this Section 2.2(c)(ii) shall be payable to each Lender in accordance with its respective Pro Rata Share; provided that any Lender may decline any such prepayment (collectively, the “Declined Amount”), in which case the Declined Amount shall be retained by Borrower.

More Definitions of Declined Amount

Declined Amount as defined in subsection 2.25(a).

Declined Amount has the meaning specified in Section 2.05(b)(vii)(D).

Declined Amount has the meaning specified in Section 2.05(b)(vi).

Declined Amount has the meaning set forth in Section 2.9(d). “Default” means any event that, with the passing of time or the giving of notice or both, would become an Event of Default. “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 2.20(d), any Lender that (a) has failed to (i) fund all or any portion of its Revolving Loans within two Business Days of the date such Revolving Loans were required to be funded hereunder, or (ii) pay to the Administrative Agent, any Issuer or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit) within two Business Days of the date when due, (b) has notified Borrower, the Administrative Agent or any Issuer in writing that it does not intend to comply with its funding obligations hereunder, (c) has failed, within five Business Days after written request by the Administrative Agent or Borrower, to confirm in writing to the Administrative Agent and Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and Borrower), (d) has or has a Parent Company that has, other than via an Undisclosed Administration (i) become the subject of a Bankruptcy Proceeding, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any Parent Company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the

Declined Amount has the meaning assigned thereto in Section 5.4(c)(vii).

Declined Amount if at the time a Tranche B Prepayment Option Notice is given any Tranche A Term Loans are outstanding, the Declined Tranche A Amount, otherwise, the Declined Tranche B Amount.

Declined Amount. Section 2.2(c) “Default Rate” Section 2.3(b)