Old Lender definition

Old Lender means Bank of America. N.A.

Old Lender means FCC, LLC .

Old Lender. Comerica Bank - California.

Examples of Old Lender in a sentence

• Use the proceeds of the advances made hereunder for any purpose other than: (a) on the Closing Date, to repay in full the outstanding principal, accrued interest, and accrued fees and expenses owing to Old Lender; (b) to pay transactional costs and expenses incurred in connection with this Agreement; and (c) thereafter, consistent with the terms and conditions hereof, for its lawful and permitted corporate purposes.

• Borrower shall not use the proceeds of the Advances made hereunder for any purpose other than to, on the Closing Date, repay in full the outstanding principal, accrued interest, and accrued fees and/or expenses owing the Old Lender, if there is any sum owing to any Old Lender, and to pay transactional Lender Expenses incurred in connection with this Agreement.

• If applicable, Old Lender shall have been paid in full and Old Lender’s Security Interest in any assets of Borrower and all Collateral shall have been terminated.

• As a result of Turnaround Business’s losses, Distributing suffered a severe decrease in cash on hand and went into technical default with Old Lender, its major creditor.

• Borrower shall not use the proceeds of the Advances made hereunder for any purpose other than to, on the Closing Date, repay in full the outstanding principal, accrued interest, and accrued fees and/or expenses owing the Old Lender, and to pay transactional Lender Expenses incurred in connection with this Agreement.

More Definitions of Old Lender

Old Lender means First Fidelity Bank.

Old Lender means Silicon Valley Bank.

Old Lender means Union Bank of California. ---------- "OLV," which stands for "Orderly Liquidation Value," shall mean, as of --- the date of determination thereof, the appraised orderly liquidation value (expressed as a percentage of the value of the Inventory (the lower of cost, computed on an average basis according to GAAP, or market value)), as determined by an appraisal firm acceptable to Foothill in its discretion, on such basis and applying such criteria as Foothill shall require, such appraisals to be conducted with such frequency as determined by Foothill in its reasonable credit judgment.

Old Lender means Chase and National Westminster Bank plc, financial institutions that were Lenders immediately prior to the effectiveness of this Amendment but which are not listed on New Schedule 2.01.

Old Lender refers to Quest, Smitx, Xxchardson or Toomey individually, and the term "Old Lenders" xxxerx xx xxx xwo ox xxxx of Quest, Smith, Richardson and Toomey collectively; and (3) the term "Lender" (xx oxxxxxx xx "New Xxxxxx" or " Old Lender") refers to any New Lender or Old Lender individually, and the term the term "Lenders" (as opposed to "New Lenders" or " Old Lenders") refers to any two or more New Lenders or Old Lenders collectively.

Old Lender means West Coast Bank.

Old Lender means Comerica Bank.