Definition of Term Facility Lender


Term Facility Lender means any Lender that holds any Term Loans made pursuant to any Incremental Term Facility.

Examples of Term Facility Lender in a sentence

Each Lender with a Term Facility Commitment agrees, severally and not jointly, on the terms and conditions of this Agreement, to make Term Facility Loans to Borrower in Dollars from time to time, on any Business Day during the Term Facility Availability Period, in an aggregate principal amount at any one time outstanding not exceeding the amount of the Term Facility Commitment of such Term Facility Lender as in effect from time to time.
The Borrower shall pay to the relevant Incremental Revolving Facility Lender or Incremental Term Facility Lender, as the case may be, for its own account the fees agreed between the Borrower and the relevant Lender at the times and in the amount specified in the relevant Incremental Facility Commitment Agreement.
For purposes of this Agreement, the notice address of each party hereto shall be as set forth in the Existing Credit Agreement and the initial notice address of each New Extending Term Facility Lender shall be set forth below its signature hereto.
The Term Loan Commitment of each Term Facility Lender shall be automatically and permanently reduced to $0 upon the making of Term Loans by such Term Facility Lender pursuant to Section 2.1(a).
Each New Extending Term Facility Lender with a New Extended Term Facility Commitment agrees, severally and not jointly, on the terms and conditions of this Agreement and the Amended Credit Agreement, to make New Extended Term Facility Loans to Borrower in Dollars on the Agreement Effective Date, in an aggregate principal amount at any one time outstanding not exceeding the amount of the New Extended Term Facility Commitment of such New Extending Term Facility Lender as in effect from time to time.