Departing Lender definition

Departing Lender has the meaning assigned to such term in Section 2.19(b).
Departing Lender means each “Lender” under the Existing Credit Agreement that is not continuing as a Lender under this Agreement upon the effectiveness of this Agreement on the Restatement Effective Date.

Examples of Departing Lender in a sentence

  • The consent of a Departing Lender is not required to give effect to the changes contemplated by this Amendment.

  • The undersigned Departing Lender hereby acknowledges and agrees that, from and after the Closing Date, it is no longer a party to the Existing Credit Agreement and will not be a party to this Agreement.

  • Each Lender that executes and delivers a signature page hereto that identifies it as a Departing Lender shall constitute a Departing Lender as of the date hereof.

  • For the avoidance of doubt, upon the effectiveness of this Agreement, no Departing Lender shall have any duties, responsibilities or obligations under the Prior Credit Agreement or hereunder.

  • On the Amendment Effective Date and after giving effect to such reallocation and increase of the Commitments, the Commitment and Commitment Percentage of each Lender shall be as set forth on Schedule I and the Commitment of each Departing Lender shall terminate.


More Definitions of Departing Lender

Departing Lender has the meaning specified in Section 2.19.
Departing Lender means each “Lender” under the Existing Credit Agreement that does not have a Commitment hereunder and is identified on the Departing Lender Schedule hereto.
Departing Lender each lender under the Prior Credit Agreement that does not have a Commitment hereunder and is identified on Schedule 1.1B.
Departing Lender has the meaning set forth in Section 2.19(b).
Departing Lender has the meaning set forth in Section 9.19.
Departing Lender means each lender under the Prior Credit Agreement that does not have a Revolving Loan Commitment hereunder and is identified on the Departing Lender Schedule hereto.
Departing Lender means (i) a Deposit Lender party to (and as defined in) the Existing Facility or (ii) a Revolving Lender party to the Existing Facility not listed in Schedule 1 hereto.