Successful Syndication definition

Successful Syndication shall have the meaning given to such term in the Fee Letter.

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Successful Syndication has the meaning set forth in the Fee Letter.

Successful Syndication shall have the meaning assigned to such term in the Fee Letter.

Examples of Successful Syndication in a sentence

• It is understood and agreed that the Lender will be entitled, after consultation with the Borrowers, to change any or all of the structure, terms, or pricing of this Agreement and any Financing Document if the Lender determines that such changes are necessary or advisable in order to ensure the Successful Syndication of the Credit Commitment.

• CGMI’s commitment under this letter is not conditioned upon or subject to Successful Syndication.

• The provisions of Section 3 and Section 4 hereof shall remain in full force and effect, regardless of whether the definitive documentation for the Senior Credit Facilities shall be executed and delivered, until the earlier of (1) a Successful Syndication (as defined in the Fee Letter) shall have been achieved or (2) the occurrence of the Commitment Expiry Date without a closing of the Senior Credit Facilities having occurred.

• Notwithstanding anything herein to the contrary, until the occurrence of a Successful Syndication, all reductions in Commitments hereunder, and all prepayments of the Loans hereunder, shall be allocated 70% to Barclays Bank PLC and 30% to Citibank, N.A. Following a Successful Syndication, such reductions and prepayments shall be made as otherwise contemplated herein.

• No Loan may be made as or converted into a LIBOR Rate Loan until the earlier of (i) three (3) days after the Closing Date or (ii) completion of a Successful Syndication (as defined in the Fee Letter).

More Definitions of Successful Syndication

Successful Syndication has the meaning given to it in the Senior Fees Letter.

Successful Syndication means the Lender selling sufficient interests in the Credit Commitment to other lenders to reduce its share to no more than $100,000,000 of the Credit Commitment.

Successful Syndication has the meaning given to that term in the Syndication Letter.

Successful Syndication means a Successful Facility B (EUR) Syndication and/or a Successful Facility B (USD) Syndication (as applicable).

Successful Syndication means the Underwriters each reduce their participation in the Facility to a final hold of not more than USD 200 million.

Successful Syndication means the date on which the Initial Lenders hold Initial Loan Commitments and Initial Loans in the aggregate of not greater than $0 of the Facility.

Successful Syndication means the successful syndication of the Tranche A-2 Term Loans and the Commitments by the Arranger, as reasonably determined by the Arranger.