Relevant Lender definition

Relevant Lender means, with respect to each Loan, the Lender to whom such Loan is allocated as shown on the books of Lender's Agent maintained pursuant to Section 1.4 hereof.

Relevant Lender has the meaning ascribed to such term in clause 8.10 (Cash collateralisation).

Relevant Lender means, in connection with any termination or expiration of Commitments, (x) if such expiration or termination occurs pursuant to Section 2.1.1 and after giving effect thereto the Aggregate Outstanding Credit Exposure does not exceed the Aggregate Commitment, each Lender holding a Commitment after giving effect to such expiration or termination and (y) otherwise, each Lender holding a Commitment immediately before giving effect to such expiration or termination and (ii) the Pro Rata Shares of the Relevant Lenders shall be calculated as if the Aggregate Commitment were equal to the sum of the Commitments of the Relevant Lenders as in effect immediately prior to such termination or expiration.

Examples of Relevant Lender in a sentence

• The Forgiven Principal shall be calculated by reference to the aggregate amount (the "Total Principal Forgiven") so forgiven by the Relevant Lender in respect of the Relevant Lender's Total Exposure in respect of that Reference Obligation immediately prior to such Restructuring Credit Event so that the Forgiven Principal shall be in the same proportion to the Total Principal Forgiven as the Defaulted Notional Amount bears to the Total Exposure.

• Forgiven Principal The "Forgiven Principal" is, in respect of each Restructured Reference Obligation, the aggregate amount in respect of principal, if any, forgiven by the Relevant Lender in respect of the relevant Restructured Reference Obligation.

• Without prejudice to the survival of any other agreement of the Company hereunder, the agreements of the Company contained in Sections 5.01, 5.06 and 11.03 hereof (without duplication of any payments made to such Relevant Lender by the Company or the Proposed Lender) shall survive for the benefit of such Relevant Lender under this Section 5.07 with respect to the time prior to such replacement.

• The Credit Loss Event Amount shall be calculated by reference to the Debit and the Credit Loss Event Amount Recovery so recorded by the Relevant Lender in respect of the Relevant Lender's Total Exposure in respect of that Reference Obligation immediately prior to each such Restructuring Credit Event (the "Total Credit Loss Event Amount") so that the Credit Loss Event Amount shall be in the same proportion to the Total Credit Loss Event Amount as the Defaulted Notional Amount bears to the Total Exposure.

• Borrower shall be liable to Lender's Agent, on behalf of the Relevant Lender, for the cost of funds which Lender's Agent, on behalf of the Relevant Lender, must advance to purchase such securities during any stay on the application of the Collateral (whether such stay is automatic or imposed by a court or any other governmental agency).

More Definitions of Relevant Lender

Relevant Lender has the meaning assigned to such term in Section 9.05(i)(vii).

Relevant Lender means a Lender which has, at any time during the Facility Period, become a signatory to the Poseidon Principles.

Relevant Lender has the meaning ascribed to such term in Clause 16.10 (Cash Collateralisation).

Relevant Lender has the meaning given to that term in Clause 5.4 (Lenders’ participation).

Relevant Lender means with respect to any Loan in MEX$ or USD, a Mexican Lender and with respect to any Loan in Euros, a Lender who is not a Mexican Lender.

Relevant Lender means (i) in the case of a Canadian Loan, the Canadian Lender; (ii) in the case of a UK Loan, the UK Lender; and (iii) in the case of an EMU Loan, the applicable EMU Lender. EuroPentair - see the Preamble.

Relevant Lender shall have the meaning given to that term in Section 4.22.