Initial Lenders definition

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

Initial Lenders means the banks, financial institutions and other institutional lenders listed on the signature pages hereof as the Initial Lenders.

Initial Lenders has the meaning specified in the first paragraph of this Agreement.

Examples of Initial Lenders in a sentence

• I have assumed the due execution and delivery, pursuant to due authorization, of the Credit Agreement by the Initial Lenders and the Agent.

• On April 26, 2022, the parties to the New Credit Agreement entered into Amendment No. 1 to the New Credit Agreement (the “First Amendment”) with the Initial Lenders and JPMorgan Chase Bank, N.A. as administrative agent, which allows for additional Restricted Payments (as defined in the First Amendment) using specified funding sources.

• On July 29, 2022, the parties to the New Credit Agreement entered into Amendment No. 2 to the New Credit Agreement (the “Second Amendment”) with the Initial Lenders and Goldman Sachs Bank USA (collectively, the “Lenders”) and JPMorgan Chase Bank, N.A. as administrative agent, which increased the New Revolving Credit Facility to $215.0 million and converted the New Credit Facility interest rate index from Borrower (as defined in the New Credit Agreement) option LIBOR to SOFR.

• The financial institutions party hereto, which constitute the Majority Initial Lenders (as defined in the Commitment Letter) hereby agree, in consultation with the Borrower, that any Bank Allocation (as defined in the Fee Letter (as defined in the Commitment Letter)) shall be made by each financial institution party to the Commitment Letter (or its affiliates) in its sole discretion.

• The Arrangers agree to use their best efforts, but without any obligation to underwrite a syndication, to arrange a syndicate of lenders for the balance of the financing for the Transaction (it being understood that none of the Arrangers or the Initial Lenders, individually or in the aggregate, have agreed to underwrite the Senior Facilities).

More Definitions of Initial Lenders

Initial Lenders means the Arrangers and the affiliates of the Arrangers who are party to this Agreement as Lenders on the Closing Date.

Initial Lenders has the meaning specified in the preamble.

Initial Lenders has the meaning specified in the preamble hereto.

Initial Lenders has the meaning given to such term in the introductory paragraph hereof.

Initial Lenders means the Lenders holding the Commitments or Loans on the Closing Date, as set forth on the Closing Date Facilities Schedule (as defined in the Original Credit Agreement).

Initial Lenders means the banks, financial institutions and other institutional lenders listed on the signature pages hereof as the Initial Lenders; provided that any such bank, financial institution or other institutional lender shall cease to be an Initial Lender on any date on which it ceases to have a Commitment.

Initial Lenders means each of the Lenders party to the Commitment Letter.