Secondary Lender Commitment definition
Secondary Lender Commitment means (a) with respect to Citibank, an amount equal to the Total Commitment, as such amount shall be reduced by any Assignment and Acceptance entered into between Citibank and an Eligible Assignee, or (b) with respect to a Secondary Lender that has entered into an Assignment and Acceptance, the amount set forth therein as such Secondary Lender's "Secondary Lender Commitment", in each case as such amount may be reduced by an Assignment and Acceptance entered into between such Secondary Lender and an Eligible Assignee, and as may be further reduced (or terminated) pursuant to the next sentence. Any reduction (or termination) of the Total Commitment pursuant to the terms of this Agreement shall reduce ratably (or terminate) each Secondary Lender's Secondary Lender Commitment.
Secondary Lender Commitment means (i) with respect to BNS, an amount equal to the Total Commitment, as such amount shall be adjusted by any Assignment and Acceptance entered into between BNS and an Eligible Assignee in accordance with and subject to Section 9.06(b), or (ii) with respect to a Secondary Lender that has entered into an Assignment and Acceptance, the amount set forth therein as such Secondary Lender’s “Secondary Lender Commitment” in each case as such amount may be reduced by an Assignment and Acceptance entered into between such Secondary Lender and an Eligible Assignee in accordance with and subject to Section 9.06(b), and as may be further reduced (or terminated) pursuant to the next sentence. Any reduction (or termination) of the Total Commitment pursuant to the terms of this Agreement shall reduce ratably (or terminate) each Secondary Lender’s Secondary Lender Commitment. References to the unused portion of any Secondary Lender’s Secondary Lender Commitment shall mean, at any time, such Secondary Lender’s Secondary Lender Commitment then in effect, minus the outstanding principal amount of the Advances funded by such Secondary Lender.
Secondary Lender Commitment means (a) with respect to each Secondary Lender party to this Agreement on the Restatement Effective Date, the amount set forth on the signature page to this Agreement in respect of such Secondary Lender, as such amount shall be adjusted by any Assignment and Acceptance entered into between such Secondary Lender and an Eligible Assignee in accordance with and subject to Section 9.06(b), or (b) with respect to a Secondary Lender that has entered into an Assignment and Acceptance, the amount set forth therein as such Secondary Lender's "Secondary Lender Commitment", in each case as such amount may be reduced by an Assignment and Acceptance entered into between such Secondary Lender and an Eligible Assignee in accordance with and subject to Section 9.06(b), and as may be further reduced (or terminated) pursuant to the next sentence. Any reduction (or termination) of the Total Commitment pursuant to the terms of this Agreement shall reduce ratably (or terminate) each Secondary Lender's Secondary Lender Commitment.
Examples of Secondary Lender Commitment in a sentence
Any reduction of the Total Commitment shall reduce ratably (or terminate) the Secondary Lender Commitment of each Secondary Lender.
Notwithstanding the foregoing, in no event shall the Secondary Lender Commitment of any Secondary Lender be extended or increased without the written consent of such Secondary Lender.
Any reduction of the Total Commitment shall reduce ratably (or terminate) the Conduit Lender Related Commitment and the Direct Lender Commitment and such reduction or termination of the Conduit Lender Related Commitment shall reduce ratably (or terminate) the Secondary Lender Commitment of each Secondary Lender.
Each Secondary Lender shall subscribe for its Secondary Lender Commitment pursuant to a subscription letter which must be delivered to the Information Agent no later than the last day of the Subscription Period, accompanied by evidence of such Secondary Lender’s Existing Senior Claims.
As used in this Section 8.04, the term “Percentage” in respect of any Secondary Lender means the fraction, expressed as a percentage, the numerator of which is the Secondary Lender Commitment of such Secondary Lender and the denominator of which is the Total Commitment.
More Definitions of Secondary Lender Commitment
Secondary Lender Commitment means in respect of the Conduit Lender Related Commitment, (a) with respect to each Secondary Lender party to this Agreement as of the Closing Date, the amount set forth on the signature page to this Agreement, or (b) with respect to a Secondary Lender that has become party to this Agreement pursuant to an Assignment and Acceptance, the amount set forth therein as such Secondary Lender's "Secondary Lender Commitment", in each case as such amount may be adjusted by any assignments by or to such Secondary Lender in accordance with and subject to Section 9.06(b), and as may be further reduced (or terminated) pursuant to the next sentence. Any reduction (or termination) of the Total Commitment pursuant to the terms of this Agreement shall reduce ratably (or terminate) each Secondary Lender's Secondary Lender Commitment with respect to the reduction of the portion of the Total Commitment attributed to the Conduit Lender Related Commitment.
Secondary Lender Commitment. $___ Assignee's "Percentage" ___%
Secondary Lender Commitment means (i) with respect to each Secondary Lender party to this Agreement as of the Closing Date, the amount set forth on the signature page to this Agreement, as such amount shall be adjusted by any Assignment and Acceptance entered into between such Secondary Lender and an Eligible Assignee in accordance with and subject to SECTION 9.06(b), or (ii) with respect to a Secondary Lender that has entered into an Assignment and Acceptance, the amount set forth therein as such Secondary Lender's "Secondary Lender Commitment", in each case as such amount may be reduced by an Assignment and Acceptance entered into between such Secondary Lender and an Eligible Assignee in accordance with and subject to SECTION 9.06(b), and as may be further reduced (or terminated) pursuant to the next sentence. Any reduction (or termination) of the Total Commitment pursuant to the terms of this Agreement shall reduce ratably (or terminate) each Secondary Lender's Secondary Lender Commitment. References to the unused portion of any Secondary Lender's Secondary Lender Commitment shall mean, at any time, such Secondary Lender's Secondary Lender Commitment then in effect, minus the outstanding principal amount of the Advances funded by such Secondary Lender. "SECONDARY LENDER STATED EXPIRATION DATE" means July 13, 2004; PROVIDED that prior to such date (or the date so extended pursuant to this proviso), upon the Borrower written request to the Agent, which request shall be received by the Agent not more than sixty (60) days nor less than thirty (30) days prior to the then current Secondary Lender Stated Expiration Date, one or more Secondary Lenders having 100% of the Total Commitment may, in their sole discretion, consent, which consent shall be given no less than twenty (20) days prior to the then current Secondary Lender Stated Expiration Date (the date any such consent is given, the "Extension Date"), to the extension of the Secondary Lender Stated Expiration Date to the date occurring 364 days after such Extension Date; PROVIDED, HOWEVER, that any failure of any Secondary Lender to respond to the Borrower's request for such extension shall be deemed a denial of such request by such Secondary Lender.
Secondary Lender Commitment. [s]” with respect to the New Secondary Lender[s] [is][are]: [New Secondary Lender] $[___]
Secondary Lender Commitment means (a) with respect to each Secondary Lender party to this Agreement as of the Closing Date, the amount set forth on such Secondary Lender’s signature page to this Agreement, as such amount shall be adjusted by any Assignment and Acceptance entered into between such Secondary Lender and an Eligible Assignee, or (b) with respect to a Secondary Lender that has entered into an Assignment and Acceptance, the amount set forth therein as such Secondary Lender’s “Secondary Lender Commitment”, in each case as such amount may be adjusted by an Assignment and Acceptance entered into between such Secondary Lender and an Eligible Assignee, and as may be further reduced (or terminated) pursuant to the next sentence. Any reduction (or termination) of the Total Commitment pursuant to the terms of this Agreement shall reduce ratably (or terminate) each Secondary Lender’s Secondary Lender Commitment.
Secondary Lender Commitment. $___ Assignee's "Percentage" ___% Assignor: [INSERT NAME OF ASSIGNOR], as Assignor, By:____________________________ Authorized Signatory, Assignee: [INSERT NAME OF ASSIGNEE] as Assignee By:_____________________________ Authorized Signatory Accepted, Consented to and Acknowledged this ___ day of ---------------, ---- CITICORP NORTH AMERICA, INC., as Agent By:________________________________ Authorized Signatory BELMAR CAPITAL FUND LLC as Borrower By: Eaton Vance Management its Manager By:________________________________ Authorized Signatory 13620.134 #154704 AGREEMENT OF AMENDMENT ----------------------- Dated as of May 16, 2000
Secondary Lender Commitment. $___ Assignee's "Percentage" ___% Assignor: [INSERT NAME OF ASSIGNOR], as Assignor, By: ----------------------- Authorized Signatory,