Rolling Lender definition
Examples of Rolling Lender in a sentence
Each Rolling Lender authorizes and instructs DBNY to enter into the Cashless Settlement Letter on such Rolling Lender’s behalf.
The pro rata share of each Consenting Rolling Lender will be calculated as a percentage equal to (i) the aggregate principal amount of Existing Term Loans owned by such Consenting Rolling Lender on the Transaction Effective Date (giving effect to any pending assignments as if such assignments have settled), divided by (ii) the aggregate principal amount of Existing Term Loans on the Transaction Effective Date.
Upon execution and delivery hereof and the occurrence of the New Effective Date, the Agent will record the Tranche B-3 Term Loan Commitment of the Initial Tranche B-3 Lender and each Rolling Lender in the Register.