Illegal Lender definition

Illegal Lender means a Lender whom an Obligor is or becomes obliged to repay or prepay pursuant to Clause 8.1 (Illegality).

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Illegal Lender means any non-bank entity that is subject to section 340 of the New York Banking Law and that provides personal loans that are in violation of the requirements of: (a) N.Y. General Obligations Law § 5-501; or (b) N.Y. Banking Law § 14-a.

Illegal Lender means a Lender to whom an Obligor is or becomes (or would, but for any replacement of such Lender pursuant to Clause 7.5 (Replaceable Lender), be) obliged to repay or prepay pursuant to Clause 7.1 (Illegality).

Examples of Illegal Lender in a sentence

Any cancellation under this Clause 10.8 (save in connection with any repayment or, as the case may be, prepayment under paragraph (c) of Clause 8.1 (Illegality) or Clause 37.7 (Cancellation and repayment of a Replaceable Lender (other than an Illegal Lender)) shall reduce the Commitments of the Lenders rateably under the Revolving Facility.
The NYAG shall include as much identifying information as possible regarding each Illegal Lender included in the List (such as corporate name, place of incorporation, and corporate address) to permit the CRAs to effectively identify each Illegal Lender.
The CRAs shall implement a process designed to suppress from the CRAs’ respective credit reporting databases any existing data for New York residents where the Original Creditor is an Illegal Lender that appears on the list referenced in paragraph 5(a).
Any prepayment of a Utilisation (other than a prepayment pursuant to Clause 8.1 (Illegality), Clause 9.1 (Exit), or 38.7 (Cancellation and repayment of a Replaceable Lender (other than an Illegal Lender))) shall be applied pro rata to each Lender’s participation in that Utilisation.
Any prepayment of a Utilisation (other than a prepayment pursuant to Clause 8.1 (Illegality), Clause 9.1 (Exit), or 38.7 (Cancellation and repayment of a Replaceable Lender (other than an Illegal Lender))) shall be applied pro rata to each Lender's participation in that Utilisation.

More Definitions of Illegal Lender

Illegal Lender means any Lender in relation to which the Company receives a notice pursuant to sub-paragraph

Illegal Lender means any Lender in relation to which the Company receives a notice pursuant to Clause 9.1 (Illegality).

Illegal Lender has the meaning specified in Clause 5.12 of the Credit Agreement. "Indemnified Taxes" means Taxes other than Excluded Taxes.

Illegal Lender means a Lender whom an Obligor is or becomes obliged to repay or prepay pursuant to Clause 7.1 (Illegality). “Increased Costs Lender” means a Lender to whom the Borrower is required to pay any sum under Clause 14 (Increased Costs), any additional amount under paragraph (c) of Clause 13.2 (Tax Gross-Up) or any tax indemnity payment under Clause 13.3 (Tax Indemnity). “Indirect Tax” means any GST, consumption tax, value added tax or any tax of a similar nature. “Infrastructure Agreement Side Deed” means the document entitled “Infrastructure Agreements Side Deed” dated on or about the date of this agreement between Tamboran B2 and Falcon. “Initial Conditions Precedent” means each of the conditions precedent to the first Utilisation set out in Part 1 (Conditions Precedent to Initial Utilisation) of Schedule 2 (Conditions Precedent).