Operating Lenders definition

Operating Lenders has the meaning given to that term in Section 5.07(b).
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Operating Lenders means, collectively, the Canadian Operating Lender and the U.S. Operating Lender, and “Operating Lender” means either one of them as the context requires.
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Operating Lenders means, collectively, the financial institutions set forth on the signature pages hereof as Lenders with Lender's Operating Commitments (and any Assignee thereof upon such Assignee executing and delivering an assignment and assumption agreement referred to in Section 12.08(5) to the Borrower and the Administrative Agent), and in the singular any one of such Lenders.
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Examples of Operating Lenders in a sentence

  • While the Operating Lenders are given senior priority to the Operating Lenders’ Collateral, as that term is defined in the Agreement, the Term Lenders are similarly given senior priority to the Term Lenders’ Collateral, also defined in the Agreement.

  • With respect to each Borrower, the rights of the applicable Term Lender and Operating Lenders, respectively, in and to the collateral securing the loans made by each of the applicable Term Lender and Operating Lenders to such Borrower shall be determined in accordance with this Section.

  • Each Term Lender hereby agrees that in the case of clause (i) above, it shall not make the proposed loan to the applicable Borrower until both it and Operating Lenders have executed a Certificate with respect to such Borrower.

  • Notwithstanding anything else herein to the contrary, Term Lenders and Operating Lenders may agree in the case of certain kinds of special purpose collateral (e.g., wineries, potato storage facilities, greenhouses, etc.) that this agreement or designated portions hereof shall not apply in such situations.

  • For existing crops, the Agreement provides that the Operating Lenders generally have senior priority.

  • Operating Lenders have made, or intends to make, a loan (each, an “Operating Loan”) to each Borrower identified in a Certificate, which is or will be secured by, among other collateral, a security interest in favor of Operating Lenders in the Crops, Inventory and Farm Supplies and other collateral owned by the applicable Debtor or similar person identified in the Operating Lenders’ loan documents, and the products and proceeds thereof.

  • Operating Lenders hereby agree that in the case of clause (ii) above, it shall not make the proposed loan to the applicable Borrower until both it and the applicable Term Lender have completed and executed a Certificate with respect to such Borrower.

  • Upon the occurrence of a foreclosure, the Operating Lenders are granted a non-exclusive right to enter and use the land to cultivate and/or harvest the existing crops to ensure a return on their senior priority lien.

  • Notwithstanding any other provision of the Documents to the contrary, the Operating Lenders, the Fronting Lenders, the Agent and the Lenders shall not be liable to any of the Borrowers for any consequential, indirect, punitive or exemplary damages with respect to action taken or omitted to be taken by any of them under or in respect of any Letter of Credit.

  • Operating Lender's senior lien is not sufficient for Operating Lender to realize on its liens.


More Definitions of Operating Lenders

Operating Lenders means, collectively, the Revolving Lenders and the Overdraft Lender and “Operating Lender” shall mean any one of the Operating Lenders.
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Operating Lenders has the meaning given to that term in Section 5.07(b). “Operating Projects” means the Projects listed on Schedule 1.01(f).
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Operating Lenders means the financial institutions listed as such in the signature pages of this Agreement and each Transferee of such Person relative to its rights and obligations under the Operating Facility and any immediate or subsequent Transferee of any such Transferee relative to such rights and obligations;
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Operating Lenders means the Cdn. Operating Lender and the U.S. Operating Lenders, and "OPERATING LENDER" shall mean any one of the Operating Lenders.
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Operating Lenders means the Owner Trustee, the Collateral Trustee and the Participants.
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Related to Operating Lenders

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Consenting Lenders has the meaning set forth in Section 2.21(b).

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Continuing Lenders as defined in the recitals hereto.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Extending Lenders has the meaning specified in Section 2.08.

  • Requisite Revolving Lenders means Lenders having (a) more than 50% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Revolving Loan.

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Increasing Lenders shall have the meaning given to that term in Section 2.01(b)(i).

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Exiting Lender see Section 2.17.7.

  • Purchasing Lenders shall have the meaning set forth in Section 9.6(c).

  • Non-Consenting Lenders has the meaning specified in Section 3.07(d).

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Consenting Lender has the meaning specified in Section 2.19(b).

  • Revolving Credit Lenders means the financial institutions from time to time parties hereto as lenders of the Revolving Credit.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.