Standby Lender definition

Standby Lender means the Bank or such other company in the Lessor’s Group as shall be nominated by the Lessor for such purpose;

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Standby Lender means Svenska Handelsbanken AB (publ) acting through its London branch;

Standby Lender and "Issuing Bank" (as the case may be) shall include any such person aforesaid notwithstanding that such person may have made no advance to the Borrowers hereunder and notwithstanding also that the indebtedness of the Borrowers to such person may be operation of law or otherwise constitute, or be deemed to constitute, an indebtedness separate and distinct from the indebtedness arising on the date of drawing of the Commitment or the Standby Commitment or the issue of a Bank Guarantee in respect of which the assignment or other transfer of rights, title and interest is made.

Examples of Standby Lender in a sentence

• Lender shall determine in its sole and absolute discretion whether or not it is able to enter into the Standby Loan Transaction and the Lessor shall notify the Lessee as soon as possible after the Standby Lender has conducted its review and reached its conclusions (and in any event such notification to be given by the Review Notification Date).

• Each of the Banks, the Issuing Banks, the Standby Lender, the Co-Arrangers and the Agent hereby appoints the Security Agent to act for and on its behalf as its trustee in connection with this Agreement and the other Security Documents and authorises the Security Agent to enter into each of the Security Documents and exercise such rights, powers and discretions as are specifically delegated to it by the terms thereof together with such rights, powers and discretions as are reasonably incidental thereto.

• The Co-Arrangers, the Issuing Banks, the Agent, the Security Agent, any Bank and the Standby Lender shall have the right to protect and enforce its rights arising out of this Agreement and it shall not be necessary for the Co-Arrangers, any Issuing Bank, the Agent, the Security Agent, any Bank or the Standby Lender (as the case may be) to be joined as an additional party in any proceedings for this purpose.

• The relationship between the Agent on the one part and each Bank, each Issuing Bank, the Standby Lender, the Co-Arrangers and the Security Agent on the other is that of agent and principal and, except in relation to any moneys referred to in Clause 25.3(B)(vi) held by the Agent pending distribution hereunder, the Agent shall not have a fiduciary relationship with or be, or be deemed to be, a trustee of or for any such party.

• Each of the Port Owners will pay, and indemnify the Agent, the Security Agent, the Issuing Banks, the Standby Lender, the Co-Arrangers and the Banks against, all claims in respect of rates, taxes, duties, charges, assessments and outgoings assessed or charged upon its Mortgaged Port or payable by the owner or occupier.

• Each Bank and the Standby Lender shall maintain, in accordance with its usual practice, an account or accounts evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents.

• Notwithstanding any other term of this Agreement (but without prejudice to Clause 25.4 (I) or the provisions of this Agreement relating to or requiring action by the Majority Banks) the interests of the Co-Arrangers, the Issuing Banks, the Agent, the Security Agent, the Banks and the Standby Lender are several and the amount due to the Co-Arrangers, each Issuing Bank, the Agent, the Security Agent, each Bank and the Standby Lender (each for its own account) is a separate and independent debt.

• Default interest shall be due and payable on the last day of each such period as determined by the Standby Lender pursuant to this Clause 7.5 or, if earlier, on the date on which the sum in respect of which such default interest is accruing shall actually be paid.

• Where any right, power or discretion is vested in the Security Agent under this Agreement or any other Security Document but is expressed as being exercisable in accordance with the directions of the Banks and the Standby Lender or the Majority Banks, such right, power or discretion shall not be exercised by the Security Agent without the lawful directions of the Banks and the Standby Lender or the Majority Banks (as the case may be).

• All amounts owing under this Section 11.4 shall be paid within thirty (30) days after demand.

More Definitions of Standby Lender

Standby Lender means the bank or financial institution which funds the purchase of the Haewene Brim Equipment by the Standby Purchaser pursuant to the Standby Put Option Deed;

Standby Lender means the bank or financial institution which funds the purchase of the Equipment by the Standby Purchaser pursuant to the terms of the Standby Put Option Deed; "Standby Purchaser Assigned Account" means the interest bearing Dollar account of the Standby Purchaser with ING Bank N.V. acting through its Amsterdam head office]designated "Haewene Brim Standby Purchaser Assigned Account" and includes any redesignation or sub-accounts thereof; "Sterling" and "£" and "pounds" means the lawful currency for the time being of the United Kingdom; "Total Loss" has the same meaning as in the Standby Sub-Lease but includes Compulsory Acquisition (as defined in the Standby Sub-Lease).

Standby Lender means either of CIBC or BofA, in their capacity as parties to the Agreement, or any of their successors or permitted assigns under Paragraph 3(f) of the Agreement; and “Standby Lenders” shall mean all such parties collectively.

Standby Lender shall have the meaning ascribed to the term "Subordinated Lender" in the Intercreditor Agreement.

Standby Lender means GMAC Commercial Mortgage Association, a California corporation.