Standing Payment Instruction definition

Standing Payment Instruction means, in relation to each Lender Party, the payment instruction provided to the Administrative Agent or in any relevant Assignment and Acceptance or Lender Accession Agreement, as amended from time to time by written instructions of a duly authorized officer of the relevant Lender Party (delivered in a letter bearing the original signature of such duly authorized officer) to the Administrative Agent.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Standing Payment Instruction means, in relation to each of the Lenders, the payment instruction set out in Schedule I or in any relevant Administrative Questionnaire as amended from time to time by written notice from a duly authorized officer of the relevant Lender to the Agent in a form reasonably acceptable to the Agent.

Standing Payment Instruction means, in relation to any Lender, the standing payment instruction for that Lender set out in Schedule 16 (Standing Payment Instructions) or in the Transfer Certificate or the Assignment Agreement relating to any assignment or transfer of rights and/or obligations under this Agreement to that Lender, in each case as amended from time to time by written instruction to the Agent by a duly authorised officer of such Lender provided that such written instruction is made by letter in original.

Examples of Standing Payment Instruction in a sentence

Name of Lender Sterling Loan Initial Draw Commitment Sterling Loan Second Delayed Draw Commitment Standing Payment Instruction, if any GBP Lending Office VI.
Name of Lender1 Australian Dollar Loan Initial Draw Commitment Australian Dollar Loan Second Delayed Draw Commitment Standing Payment Instruction, if any AUD Lending Office [*] [* ] [* ] [*] [*] Total: [* ] [* ] 1 Lender may pursuant to Section 2.02(g) make any Advance available by causing any foreign or domestic branch or Affiliate to make such Advance.
Name of Lender1 Australian Dollar Loan Initial Draw Commitment Australian Dollar Loan Delayed Draw Commitment Standing Payment Instruction, if any AUD Lending Office [*] [*] [*] [*] [*] Total: [*] [*] 1 Lender may pursuant to Section 2.02(g) make any Advance available by causing any foreign or domestic branch or Affiliate to make such Advance.

More Definitions of Standing Payment Instruction

Standing Payment Instruction means, in relation to each of the Banks, the payment instructions set out in Schedule 7 (Standing Payment Instructions) or in any relevant Transfer Certificate, as amended from time to time by original written instructions notified to the Facility Agent by letter by a duly authorised officer of the relevant Bank. “Subordinated Debt” means any loan or advance or other indebtedness made available to the Borrower by any person or owing by the Borrower to any person which is subordinated as to payment or repayment (in all circumstances) to the rights of the Finance Parties hereunder and under the Security Documents, on terms disclosed to the Facility Agent. “Technical Assistance Agreement” means the technical assistance agreement entered into between Micron and the Borrower dated 1 October 1998 (as amended from time to time). “Term” has the meaning given to it in the Shareholders’ Agreement. “Total Commitments” means, at any time, the aggregate of the Banks’ Commitments. - 10 - “Transfer Certificate” means a certificate substantially in the form set out in Schedule 2 (Form of Transfer Certificate) signed by a Bank and a Transferee under which:

Standing Payment Instruction means in relation to a lender which becomes a party to this Agreement through a Transfer Certificate, the payment instructions set out in the Transfer Certificate to which such lender is signatory.