Designated Bid Lender definition

Designated Bid Lender means a special purpose corporation, organized under --------------------- the laws of the United States or any subdivision thereof, that is engaged in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business and that (i) shall have become a party to this Agreement and the Co-Lender Agreement pursuant to Section 11.5, and (ii) is not otherwise a Bank. References herein to a Bank's Designated Bid Lender or a Designating Bank's Designated Bid Lender mean the Designated Bid Lender party to a Designation Agreement with such Bank or Designating Bank.
Sample 1
Designated Bid Lender means a special purpose corporation, organized under the laws of the United States or any subdivision thereof, that is engaged in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business and that (i) shall have become a party to this Agreement pursuant to Section 11.12.3, and (ii) is not otherwise a Lender. References herein to a Lender's Designated Bid Lender or a Designating Lender's Designated Bid Lender mean the Designated Bid Lender party to a Designation Agreement with such Lender or Designating Lender.
Sample 1Sample 2
Designated Bid Lender means a special purpose corporation, organized under the laws of the United States or any subdivision thereof, that is engaged in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business and that (i) shall have become a party to this Agreement and the Co-Lender Agreement pursuant to Section 16(e), and (ii) is not otherwise a Bank. References herein to a Bank's Designated Bid Lender or a Designating Bank's Designated Bid Lender mean the Designated Bid Lender party to a Designation Agreement with such Bank or Designating Bank.
Sample 1

Examples of Designated Bid Lender in a sentence

  • Each Bank and Designated Bid Lender may refer to the --------- credit facilities provided pursuant to the Loan Documents in its own promotional and advertising materials.

  • The Borrower shall not identify a Bank or Designated Bid Lender as a lender, except with such Bank's or Designated Bid Lender's prior written consent, provided through the Agent in each instance.

  • The Agent shall be entitled to rely on the authority of any Person giving such notice and the Agent shall not have any liability to the Borrower, any Bank, any Designated Bid Lender or other Persons on account of any action taken or not taken by the Agent in reliance upon such telephonic or facsimile notice.

  • No Bank may designate more than one Designated Bid Lender at any one time, and, following the termination of a designation with respect to one Designated Bid Lender, no new Designated Bid Lender may be designated until all outstanding Bid Loans made by the prior Designated Bid Lender have been paid in full.

  • As provided in Section 11.5, any notice or other communication to a Designated Bid Lender shall be sent to its Designating Bank.

  • Borrower agrees that any Lender or Designated Bid Lender so purchasing a participation from another Lender or Designated Bid Lender pursuant to this Section 11.13 may, to the fullest extent permitted by law, exercise all its rights of payment with respect to such participation as fully as if such Lender or Designated Bid Lender were the direct creditor of Borrower in the amount of such participation.

  • The loan accounts or records maintained by the Agent and each Bank or Designated Bid Lender (and its Designating Bank) shall be conclusive absent manifest error of the amount of the Advances made by the Banks or Designated Bid Lenders to the Borrower and the interest and payments thereon.

  • Notwithstanding any provision to the contrary contained in any Loan Document, Agent shall not have any duties or responsibilities, except those expressly set forth in the Loan Documents or the Co-Lender Agreement, nor shall Agent have any fiduciary relationship with any Bank or Designated Bid Lender, and no implied covenants, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document against Agent.

  • Administrative Agent shall be entitled to rely on the authority of any Person giving such notice and Administrative Agent shall not have any liability to Borrower, any Bank, any Designated Bid Lender or other Persons on account of any action taken or not taken by Administrative Agent in reliance upon such telephonic or facsimile notice.

  • No failure or delay on the part of Administrative Agent, any Lender or any Designated Bid Lender in the exercise of any power, right or privilege under any of the Loan Documents shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privilege.

Related to Designated Bid Lender

  • Bid Loan Lender means, in respect of any Bid Loan, the Lender making such Bid Loan to the Borrower.

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Competitive Bid Loan means a Eurodollar Bid Rate Loan or an Absolute Rate Loan, or both, as the case may be.

  • Participating Lender has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • Competitive Bid Advance means an advance by a Lender to the Borrower as part of a Competitive Bid Borrowing resulting from the competitive bidding procedure described in Section 2.03 and refers to a Fixed Rate Advance or a LIBO Rate Advance.

  • Designating Lender means, with respect to each Designated Lender, the Lender that designated such Designated Lender pursuant to Section 12.1.2.

  • Declining Lender has the meaning specified in Section 2.05(c).

  • Competitive Bid Reduction has the meaning specified in Section 2.01.

  • Competitive Bid Rate means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender making such Competitive Bid.

  • Competitive Bid Request means a request by the Borrower for Competitive Bids in accordance with Section 2.04.

  • Competitive Bid Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from a Competitive Bid Advance made by such Lender.

  • Extending Revolving Credit Lender has the meaning set forth in Section 2.16(c).

  • Extending Revolving Lender shall have the meaning given to such term in Section 2.22(a)(iii).

  • Affiliated Lender means, at any time, any Lender that is the Sponsor or an Affiliate of the Sponsor (other than Holdings, the Borrower or any of their respective Subsidiaries) at such time.

  • Purchasing Lender shall have the meaning set forth in Section 16.3(c) hereof.

  • Competitive Bid Borrowing means a borrowing consisting of simultaneous Competitive Bid Advances from each of the Lenders whose offer to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the competitive bidding procedure described in Section 2.03.

  • Subject Lender has the meaning assigned to that term in subsection 2.9.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • New Revolving Lender as defined in Section 2.24.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

  • Selling Lender has the meaning specified in Section 11.7 (

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).

  • Identified Participating Lenders has the meaning set forth in Section 2.05(a)(v)(C)(3).

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Term Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.