Legacy Lenders definition
Examples of Legacy Lenders in a sentence
The Administrative Agent shall notify the Legacy Lenders of any such additional L/C Issuer.
The Borrowers hereby grant to the Collateral Agent, for the benefit of the L/C Issuers and the Legacy Lenders, a security interest in all such cash, deposit accounts and all balances therein and all proceeds of the foregoing.
For purposes hereof, “Cash Collateralize” means to pledge and deposit with or deliver to the Collateral Agent, for the benefit of the relevant L/C Issuer and the Legacy Lenders, as collateral for the L/C Obligations, cash or deposit account balances (“Cash Collateral”) pursuant to documentation in form and substance reasonably satisfactory to the Collateral Agent and the relevant L/C Issuer (which documents are hereby consented to by the Legacy Lenders).
For purposes of this Section 3.03, those Lenders that either have not made, or do not have an obligation under this Agreement to make, the relevant Loans in Dollars shall be excluded from any determination of the Required ETMC Lenders or the Required Legacy Lenders.
Any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Administrative Borrower unless, prior to such time, Lenders comprising the Required ETMC Lenders or Required Legacy Lenders, as applicable, have delivered to the Administrative Agent written notice that such Required ETMC Lenders or Required Legacy Lenders, as applicable, object to such amendment.