Lending Fund definition
Examples of Lending Fund in a sentence
The Company has elected to participate in Treasury’s Small Business Lending Fund program (“SBLF”).
The Company, on behalf of each Lending Fund, hereby authorizes and directs Agent to lend Securities to any entity (including any U.S. subsidiary or affiliate of any entity) that satisfies both the foregoing criteria and any criteria generally applied by Agent or its affiliates in determining the Borrowers eligible for participation in Agent’s securities lending program at the time of such loan.
Blackstone/GSO Secured Lending Fund hereby accepts such appointment and agrees to perform the duties and responsibilities of the Servicer pursuant to the terms hereof.
The Borrower hereby appoints Blackstone/GSO Secured Lending Fund, pursuant to the terms and conditions of this Agreement, as Servicer, with the authority to service, administer and exercise rights and remedies, on behalf of the Borrower, in respect of the Collateral.
Such shares of Preferred Stock have been designated as Senior Noncumulative Perpetual Preferred Stock, Series C, and were issued to the Treasury on July 6, 2011 in connection with the Company’s participation in the Treasury’s Small Business Lending Fund Program.
If to Senior Lender, at the following address: LL Private Lending Fund, L.P.
Cash Collateral shall be invested, and non-cash Collateral shall be accepted, for each Lending Fund in accordance with the guidelines, rules, procedures, and standards set forth in the Collateral Guidelines attached hereto as Schedule B and hereby made a part hereof.
Agent shall credit to the account of the Lending Fund the net amount of all Substitute Payments of cash on the payable dates thereof, subject to section 9.3 of this Agreement.
The Borrower hereby appoints HPS Corporate Lending Fund, pursuant to the terms and conditions of this Agreement, as Collateral Manager, with the authority to service, administer and exercise rights and remedies, on behalf of the Borrower, in respect of the Collateral.
Marking to market is performed every business day (subject to de minimis rules of change in Market Value) for each Separate Account, and each Borrower is required to deliver additional Collateral when necessary so that the total Collateral held in the Separate Account for all loans of the Lending Fund to the Borrower will be not less than 100% of the Market Value of all the Borrowed Securities loaned to the Borrower by such Lending Fund.