Reducing Lender definition

Reducing Lender has the meaning assigned to such term in Section 2.20.
Sample 1Sample 2Sample 3
Reducing Lender is defined in Section 2.1.6.
Sample 1Sample 2
Reducing Lender means a Continuing Existing Credit Agreement Lender (a) whose Existing Credit Agreement Revolving Commitment immediately prior to the effectiveness of this Agreement (as a percentage of the aggregate Existing Credit Agreement Revolving Commitments of all Continuing Existing Credit Agreement Lenders immediately prior to the effectiveness of this Agreement), was greater than (b) its Revolving Commitment upon the effectiveness of this Agreement (as a percentage of the aggregate Revolving Commitments of all Lenders upon the effectiveness of this Agreement).
Sample 1Sample 2

Examples of Reducing Lender in a sentence

  • Upon the issuance of an Additional Commitment by a Prospective Lender, the execution by such Prospective Lender of a joinder to this Amended and Restated Commitment Letter, and the allocation or assignment by any Reducing Lender to such Prospective Lender of any portion of such Reducing Lender’s Lender Commitment, such Prospective Lender shall be deemed to be a “Lender” hereunder.

  • Such payments shall be distributed among the Reducing Lenders ratably in accordance with such excess of each Reducing Lender.

  • Each Reducing Lender shall thereupon be deemed to have assigned to the Increasing Lenders the amount of such excess, effective as of the date of such payment.

  • The Project Contract date is fixed as the starting date of expenditure eligibility.

  • With respect to such reallocation, each Increasing Lender shall be deemed to have acquired the increase in the Commitments and Loans allocated to them from the Reducing Lenders pursuant to the terms of the Assignment and Acceptance Agreement attached as Exhibit “E” to the Credit Agreement as if each Increasing Lender and Reducing Lender had executed an Assignment and Acceptance Agreement with respect to such change in its allocation.


More Definitions of Reducing Lender

Reducing Lender has the meaning provided in SECTION 2.28.
Sample 1Sample 2
Reducing Lender is defined in Section 2.23.
Sample 1
Reducing Lender means a Lender whose Applicable Percentage under and as defined in the Restated Credit Agreement will be less than its Applicable Percentage under and as defined in the Existing Credit Agreement as in effect on the Fourth Restatement Effective Date.
Sample 1
Reducing Lender is defined in Section 2.22(iii).
Sample 1
Reducing Lender means a Lender whose New Commitment Amount is less than its Existing Commitment Amount.
Sample 1
Reducing Lender means the Unicredit Bank Austria AG.
Sample 1
Reducing Lender is defined in Section 2.1.6. --------------- -------------
Sample 1