Increasing Existing Lender has the meaning assigned to such term in the preamble to this Agreement.
Increasing Existing Lender means each Existing Lender whose Aggregate Commitment (as set forth on Schedule 2.01) exceeds its Aggregate Commitment (as defined in the Existing Credit Agreement) under the Existing Credit Agreement.
Increasing Existing Lender has the meaning assigned to such term in Section 2.19.
Examples of Increasing Existing Lender in a sentence
Upon the Effective Date, the Borrower shall pay to the Administrative Agent for the account of each Increasing Lender an upfront fee equal to fifty (50) basis points on the amount of such Lender’s new Commitment or incremental increase in Commitment (in the case of the Increasing Existing Lender) after giving effect to the Agreement.
As of the Amendment Effective Date, each New Lender and each Increasing Existing Lender shall be deemed irrevocably and unconditionally to have purchased, without recourse or warranty, an undivided interest and participation in such Letters of Credit in an amount equal to its Commitment Percentage as stated on ANNEX B.