Objecting Lenders definition
Examples of Objecting Lenders in a sentence
If, at any time and from time to time, the aggregate principal amount of Advances (other than Advances of Objecting Lenders) then outstanding exceeds the Commitments of all the Lenders after giving effect to any reduction of the Commitments pursuant to Section 2.9, the Borrowers shall immediately prepay the Revolving Credit Advances of Lenders (other than Objecting Lenders) (to the extent there are such outstanding Revolving Credit Advances) by an amount equal to such excess.
The Borrowers shall repay to each Lender on the second anniversary of the Termination Date the aggregate principal amount of the Advances then owing to such Lender; provided that the Revolving Credit Advances made by Objecting Lenders shall be repaid as provided in Section 2.23.
The Borrowers shall repay to each Lender on the Termination Date the aggregate principal amount of the Advances then owing to such Lender; provided that the Revolving Credit Advances made by Objecting Lenders shall be repaid as provided in Section 2.23.
At the request of the Borrower, if agreed by all the Lenders other than the Objecting Lenders, the Maturity Date shall be extended to the one year anniversary of the Revolving Termination Date, as extended pursuant hereto.
For a period of 90 days following any extension of a Facility Termination Date pursuant to this Section 2.19, the applicable Borrower may, at its sole expense and effort, upon notice to the Agent, cause additional banks or other financial institutions to become parties hereto as Lenders to replace the Commitments of Objecting Lenders no longer parties hereto; provided that the Aggregate Commitment shall not exceed the Aggregate Commitment existing prior to such extension.
The Borrowers shall repay to each Lender on the first anniversary of the Termination Date the aggregate principal amount of the Advances then owing to such Lender; provided that the Revolving Credit Advances made by Objecting Lenders shall be repaid as provided in Section 2.23.
In connection with the Facility Amendments, the borrowings under the Term Facility provided to the Group by the Objecting Lenders were transferred to Danske Bank under the Term Facility and the Objecting Lenders were repaid in full in the amount of USD20.9m by Danske Bank on 13 January 2016.
The Company shall repay to each Lender on the Termination Date the aggregate principal amount of the Advances then owing to such Lender provided that the Advances made by Objecting Lenders shall be repaid as provided in Section 2.23.
If all Objecting Lenders are not so replaced, then no extension shall be made pursuant to the relevant Extension Request.
If all Objecting Lenders are replaced as parties to this Agreement during the 60-day period referenced above, then the Termination Date shall be extended for an additional one year pursuant to the relevant Extension Request and the Administrative Agent shall promptly notify the Company and the Lenders of such extension.