Definition of Defaulting Revolving Credit Lender


Defaulting Revolving Credit Lender means, at any time, a Revolving Credit Lender that is a Defaulting Lender at such time.

Examples of Defaulting Revolving Credit Lender in a sentence

Non-Defaulting Revolving Credit Lender means, at any time, any Revolving Credit Lender that is not a Defaulting Revolving Credit Lender at such time.
Any failure by the Borrower to comply with the second immediately preceding sentence within 10 Business Days of such written notice shall constitute a request by the Borrower for a borrowing according to the procedures of the last two sentences of Section 3.5 in an amount equal to the Defaulting Revolving Credit Lender Credit Support Amount.
Such collateral shall be returned to the Borrower or such other arrangements shall be terminated, as the case may be, within one Business Day after such L/C Participant has ceased to be a Defaulting Revolving Credit Lender in accordance with the definition thereof.