Opt-Out Lender definition

Opt-Out Lender shall have the meaning given to such term in Section 2.11(h) hereof.
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Opt-Out Lender has the meaning specified in the Amendment and Restatement Agreement.
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Opt-Out Lender has the meaning set forth in Section 3.3(b).
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Examples of Opt-Out Lender in a sentence

  • Each Alternative Currency Opt-Out Lender shall promptly terminate its Alternative Currency Opt-Out Designation should the facts underlying its delivery change.

  • Any such prepayment which would have been remitted to a Term Loan B Opt- Out Lender but for its election not to receive such prepayment shall be retained by Borrower and may be applied to Term Loan A without premium under Section 2.8.2(b) if such application is made within five (5) Business Days of notice from the relevant Term Loan B Opt-Out Lender.

  • Subsection 7.7(ix) of the Credit Agreement is hereby amended by deleting the reference to "applicable Opt-Out Lenders" and substituting therefor "Opt-Out Lender".

  • If on the date any Alternative Currency Advance is to be made, any Lender is an Alternative Currency Opt-Out Lender, then the remaining Lenders shall, subject to the conditions set forth herein, make the entire amount of the requested Alternative Currency Advance (and, for this purpose, their respective percentages of the Aggregate Commitments shall be adjusted to eliminate the Alternative Currency Opt-Out Lenders).

  • Each Alternative Currency Opt-Out Designation shall become effective five Business Days following its delivery to the Administrative Agent, and the Lender providing the same shall thereupon be designated as an Alternative Currency Opt-Out Lender and will not participate in any Alternative Currency Advances.


More Definitions of Opt-Out Lender

Opt-Out Lender means any Lender which notifies the Agent in writing within five Business Days of it becoming a Party to this Agreement that it wishes to be an Opt Out Lender.
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Related to Opt-Out Lender

  • Project Lender means a commercial bank, savings bank, savings and loan association, credit union or other financial institution that has loaned funds to the Developer to be used for construction of the Redevelopment Project and has secured such loan with a mortgage or security interest in the Redevelopment Project.

  • Subject Lender has the meaning assigned to that term in subsection 2.9.

  • Holdout Lender has the meaning specified therefor in Section 12.02(b).

  • Replacement Lender shall have the meaning provided in Section 2.13.

  • Declining Lender has the meaning specified in Section 2.05(c).