Designated Lender definition

Designated Lender means, with respect to each Designating Lender, each Eligible Designee designated by such Designating Lender pursuant to Section 12.1.2.
Designated Lender means a special purpose corporation which is sponsored by a Lender, that is engaged in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business and that issues (or the parent of which issues) commercial paper rated at least P-1 (or the then equivalent grade) by Xxxxx’x or A-1 (or the then equivalent grade) by S&P that, in either case, (a) is organized under the laws of the United States of America or any state thereof, (b) shall have become a party to this Agreement pursuant to Section 12.5.(e) and (c) is not otherwise a Lender.
Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

Examples of Designated Lender in a sentence

  • The Designated Lender will hold the BSBG in trust on behalf of the COC.

  • Without prejudice to the consequences set out in section 33 of IBC, the Designated Lender may en cash the Performance Guarantee provided by the Successful Resolution Applicant(s); and reserve right to take any other action if any under the Applicable Law including but not limited to cancel the Resolution Plan submitted by the Successful Resolution Applicant.LIST OF APPENDIXES 1.


More Definitions of Designated Lender

Designated Lender means, with respect to any Designating Lender, an Eligible Designee designated by it pursuant to Section 9.07(a) as a Designated Lender for purposes of this Agreement.
Designated Lender means a special purpose corporation that (i) shall have become a party to this Agreement pursuant to Section 9.6(d), and (ii) is not otherwise a Bank.
Designated Lender has the meaning specified in Section 2.07(a).
Designated Lender shall have the meaning set forth in Section 2.17.
Designated Lender has the meaning specified in Section 2.18.
Designated Lender means a Defaulting Lender or a Downgraded Lender.