Term Lender definition

Term Lender means, at any time, any Lender that has a Term Commitment or a Term Loan at such time.
Term Lender means a Lender with a Term Commitment or an outstanding Term Loan.

Examples of Term Lender in a sentence

  • Each Replacement Term Commitment will terminate in full upon the making of the related Replacement Term Loan (or conversion, exchange or roll of the related Existing Term Loan, in the case of a Converting Replacement Term Lender).

  • The Replacement Term Commitments provided pursuant to this Amendment shall constitute “Commitments” referred to in the Amended Credit Agreement and, upon the Second Amendment Effective Date, the Replacement Term Commitment of any Replacement Term Lender shall become the “Term Loan Commitment” of such Replacement Term Lender.

  • The Total Revolving Commitment (and the Commitment of each Revolving Lender) shall be automatically reduced to zero at the close of business on the Revolving Commitment Termination Date and, without the need for any further action, each Revolving Advance shall automatically convert to a Term Advance and each Revolving Lender shall automatically be a Term Lender thereafter.

  • The New Term Lender consents to this Amendment and appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Existing Credit Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto.

  • Each Replacement Term Lender hereby agrees to (i) provide the amount of the Replacement Term Loans set forth opposite its name on Schedule I hereto (the “Replacement Term Commitments”) and (ii) the terms and conditions in this Amendment and the Amended Credit Agreement.


More Definitions of Term Lender

Term Lender means each Lender having a Term Commitment or, as the case may be, an outstanding Term Loan.
Term Lender each Lender that has a Term Commitment or that holds a Term Loan.
Term Lender means (a) at any time on or prior to the Closing Date, any Lender that has a Term Commitment at such time and (b) at any time after the Closing Date, any Lender that holds Term Loans at such time.
Term Lender means, as of any date of determination, each Lender having a Term Loan Commitment or that holds Term Loans.
Term Lender means (a) at any time on or prior to the Closing Date, any Lender that has an Initial Term Commitment at such time and (b) at any time after the Closing Date, any Lender that holds Term Loans and/or Term Commitments at such time.
Term Lender means any Lender that has a Term Commitment.
Term Lender means each Lender with a Term Loan Commitment or that otherwise holds Term Loans.