Restricted Lender definition

Restricted Lender means a Lender that fails to approve an amendment, waiver or consent requested by the Loan Parties pursuant to Section 10.01 that has received the written approval of not less than the Required Lenders but also requires the approval of such Lender.

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Restricted Lender is defined in Section 5.11.

Restricted Lender shall have the meaning set forth in Section 1.06.

Examples of Restricted Lender in a sentence

• In connection with any amendment, waiver, determination or direction relating to any representation, warranty or undertaking in respect of which a Restricted Lender does not have the benefit, the Secured Loans of that Restricted Lender will be excluded for the purpose of determining whether the consent of the Lenders has been obtained or whether the determination or direction by the Lenders has been made.

• If the Issuer fails to respond to such consent request within 3 Business Days of receipt of such request, the Issuer shall be deemed to have consented to such transfer to such Restricted Lender.

• In connection with any amendment, waiver, determination or direction relating to any part of Section 5.09 (Use of Proceeds) of which a Restricted Lender does not have the benefit, the Commitments of that Restricted Lender will be excluded for the purpose of determining whether any applicable quorum has been obtained or whether the determination or direction such applicable quorum has been made.

• In connection with any amendment, waiver, determination or direction relating to this Section 5.11, the Loans of any Section 5.11 Restricted Lender will be excluded for the purpose of determining whether any consent pursuant to Section 8.02 has been obtained.

• This Section 6.11 shall only apply for the benefit of a Section 6.11 Restricted Lender to the extent that this Section 6.11 would not result in any violation of or liability under EU Regulation (EC) 2271/96 or §7 of the German Aussenwirtschaftsverordnung.

More Definitions of Restricted Lender

Restricted Lender has the meaning set forth in Section 1.09.

Restricted Lender has the meaning set forth in Section 10.16.

Restricted Lender has the meaning assigned to such term in Section 14.28.

Restricted Lender means a person licensed pursuant to Chapter 29, Title 34 to make loans under that chapter (The South Carolina Consumer Finance Act).

Restricted Lender means a Lender that is incorporated, established or resident in Germany (Inländer within the meaning of section 2 paragraph 15 of the German Foreign Trade Law (Außenwirtschaftsgesetz, AWG)) or that notifies the Agent to this effect.

Restricted Lender has the meaning assigned to such term in Section 1.7.

Restricted Lender shall have the meaning assigned to such term in Section 9.25.