Successor Lender definition

Successor Lender has the meaning set forth in Section 12.9(c).

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Successor Lender shall have the meaning set forth in Section 13.11 hereof.

Successor Lender shall have the meaning assigned thereto in Section 2.10(d).

Examples of Successor Lender in a sentence

Such succession and assumption shall be effected by means of one or more agreements supplemental to this Agreement among the Terminating Lender, the Successor Lender, the Borrower and the Agent.
On and as of the effective date of each such supplemental agreement (i) each Successor Lender party thereto shall be and become a Lender for all purposes of this Agreement and to the same extent as any other Lender hereunder and shall be bound by and entitled to the benefits of this Agreement in the same manner as any other Lender and (ii) the Borrower agrees to pay to the Agent for the account of the Agent a processing fee of $3,500 for each such Successor Lender which is not a Lender.
In either such event, the provisions of Section 4.3 shall apply to all amounts thereafter paid by the Borrower or such Successor Lender for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees or other amounts); provided that such termination or assignment shall not be deemed to be a waiver or release of any claim the Borrower, the Agent, or any Lender may have against such Defaulting Lender.

More Definitions of Successor Lender

Successor Lender means each financial institution or lender that has entered into one or more agreements with one or more of the Loan Parties from time to time either extending the maturity of or refinancing all or any portion of the Secured Obligations under the Credit Agreement then in effect or making additional extensions of credit under the Credit Agreement then in effect and is intended to be secured on a pari passu basis pursuant to the Collateral Documents.

Successor Lender shall have the meaning given to such term in Section 12.12(c).

Successor Lender means Westernbank Puerto Rico or its successors and assigns.

Successor Lender means any original or successor lender to the Company in respect of the Well▇ ▇▇▇go Credit Agreement Debt. SURVIVING CORPORATION -- Section 6.8(a).

Successor Lender has the meaning provided in Section 9.2 hereto.

Successor Lender shall have the meaning given to such term in Section 9.2.

Successor Lender means any original or successor lender to the Company in respect of the Senior Credit Agreement Debt.