First Out Lenders definition

First Out Lenders has the meaning specified in the recitals.
Sample 1
First Out Lenders means those lenders set forth on Exhibit A to the Agreement AmongLenders.
Sample 1
First Out Lenders means the “Lenders” as defined under the First-Out Facility.
Sample 1

Examples of First Out Lenders in a sentence

  • The First Out Lenders shall have the right to exclude the Last Out Term Lenders from any meeting of First Out Lenders for any reason.

  • Nothing in this Agreement shall be construed to limit or restrict the Administrative Agent, the First Out Lenders or the other First Out Lender Parties from in any way exercising any rights or remedies arising under the Loan Documents, or any documents or agreements executed by the Borrower or provided for under applicable law, except to the extent otherwise expressly provided in this Agreement.

  • Until the First Out Final Payment Date, upon the occurrence and during the continuance of an Event of Default, the Administrative Agent and the First Out Lenders may take and continue any Enforcement Action with respect to the First Out Obligations and the Collateral in such order and manner as they may determine in their sole and absolute discretion.

  • Until such time, all rights, remedies, and privileges with respect to the Advances and the other Obligations may be exercised only by the Administrative Agent on behalf of the First Out Lenders and the other First Out Lender Parties and without any requirement of consent or approval of the Last Out Term Lenders.

  • The Required First Out Lenders shall be permitted, at their election, to make a credit bid of all or a portion of the Obligations owed to the First Out Lenders.

  • The Final DIP Order established a challenge period (the “ Challenge Period”) of 60 days after the appointment of the Committee for all parties in interest with standing to bring, among other claims, challenges relating to the Pre-Petition ABL Credit Agreement, the obligations thereunder, or any other claims or causes of action against the ABL Agent or the First Out Lenders.

  • All Plan Exhibits are in form and substance reasonably satisfactory to the Debtors, the SCP Secured Parties, the Creditors’ Committee and, solely to the extent related to the Dispute, the DIP Facility Claims (including the Contingent Indemnification Claims) or the SCP Adversary Proceeding, the Pre-Petition ABL Agent, the First Out Lenders, General Retail Holdings L.P. and General Retail Funding LLC.

  • After that time, the First Out Lenders could impose discretionary reserves and change the method of calculating the3 See Schedule 13-D, filed by Standard General L.P. on September 26, 2014.4 Id. borrowing base.

  • In this instance, two clarifications are necessary to ensure that any potential set-off would be fair to Non-Settling Party Standard General.8. First, in paragraph 17, the Settlement provides for certain reduction in judgments related to Barred Claims if the First Out Lenders or the Agent would have been liable to the Non-Settling Parties absent the Bar Order.

  • At that time, the First Out Lenders argued that Standard General’s credit bid for RadioShack’s most valuable assets should not be approved because the sale would result in the Debtors transferring to Standard General most of the collateral for the First Out Lenders’ purported indemnification rights under the ABL and DIP Credit Agreements.


More Definitions of First Out Lenders

First Out Lenders means, collectively, the Bankruptcy Preparation Overadvance Lenders, the Bridge Facility Overadvance Lenders, and the Prepetition Bridge Lenders.
Sample 1
First Out Lenders means any Lenders or other Secured Parties holding First Out Loan Obligations.
Sample 1
First Out Lenders means those lenders set forth on Exhibit A to the Agreement Among Lenders.
Sample 1
First Out Lenders means each Lender that is designated on the signature pages hereto as a “First Out Lender” and each First Out Lender Transferee.
Sample 1

Related to First Out Lenders

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Consenting Lenders has the meaning set forth in Section 2.21(b).

  • Purchasing Lenders shall have the meaning set forth in Section 9.6(c).

  • Project Lender means a commercial bank, savings bank, savings and loan association, credit union or other financial institution that has loaned funds to the Developer to be used for construction of the Redevelopment Project and has secured such loan with a mortgage or security interest in the Redevelopment Project.

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

  • Extending Lenders has the meaning specified in Section 2.08.

  • Holdout Lender has the meaning specified therefor in Section 12.02(b).

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Requisite Revolving Lenders means Lenders having (a) more than 50% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Revolving Loan.

  • Increasing Lenders shall have the meaning given to that term in Section 2.01(b)(i).

  • Revolving Credit Lenders means the financial institutions from time to time parties hereto as lenders of the Revolving Credit.

  • Term Loan Lenders means the “Lenders” under and as defined in the Term Loan Credit Agreement.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

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

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • New Revolving Credit Lender has the meaning specified in Section 2.14(a).

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Replacement Lender shall have the meaning provided in Section 2.13.

  • Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class as a result of an Incremental Revolving Credit Commitment.

  • Tranche B Lenders means First Union National Bank and shall include the several banks and other financial institutions from time to time party to the Credit Agreement that commit to make the Tranche B Loans.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.