Transferring Lender definition

Transferring Lender means each Lender listed in Part 2 of Schedule 1 who is transferring its participation in the Loan and its Commitment to an Accepting Lender on the Effective Date in the amounts stated in Part 2 of Schedule 1.
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Transferring Lender shall have the meaning assigned to such term in Section 14.07(e).
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Transferring Lender shall have the meaning set forth in Section 12B hereof.
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Examples of Transferring Lender in a sentence

  • In order to effect any such assignment the Transferring Lender and the Acquiring Lender shall execute and deliver to B Participant, with a copy to A Participant (if the Transferring Lender is B Participant) a duly completed Transfer Supplement; and, upon receipt thereof, B Participant shall accept such Transfer Supplement.

  • Any such transfer shall be effected on five Banking Days' prior notice by delivery to the Agent of a duly completed Substitution Certificate duly executed by the Transferring Lender and the Substitute (which the Agent shall promptly execute for itself, the Borrower and the other Lenders (the "other parties")).

  • If such sale is not consummated within such ninety (90)-day period, the Transferring Lender may not sell any of the Offered Notes without again complying with the provisions of this Section 5.3. The Company may, in its sole discretion, transfer its rights under this Section 5.3 to a third party.

  • The trust has an option to purchase the property at the date of completion expected in 2002.

  • Upon the consummation of the purchase and sale of the Transferring Lender's interest in the Loans as aforesaid, the Transferring Lender shall be released from all obligations and liabilities under this Agreement and the Loan Documents arising on or after the consummation of the sale contemplated by this Section 12.

  • The ROFO Notice shall set forth all of the material terms of the proposed Transfer (including the identification of the Senior Debt to be transferred and the price payable in cash at which the Transferring Lender would be willing to sell the Senior Debt (or such portion thereof), the “ROFO Price”).

  • Execution Transferring Lender _____________________________________________________________ [•] Transferee _____________________________________________________________ [•] Countersigned by the Facility Agent for itself and on behalf of the other parties to the Facilities Agreement (but without any responsibility or liability except as expressly provided in clause 23.4 of the Facilities Agreement) and the Security Trustee for itself.

  • Upon the consummation of the purchase and sale of the Transferring Lender’s interest in the Loans as aforesaid, the Transferring Lender shall be released from all obligations and liabilities under this Agreement and the Loan Documents arising on or after the consummation of the sale contemplated by this Section 12.

  • No assignment shall be effective if, in the judgment of that Lender which is not the Transferring Lender (based upon an opinion of counsel or as otherwise determined by such Lender in its reasonable discretion), such assignment would otherwise cause this participation arrangement to be a "taxable mortgage pool" under the Tax Code or otherwise be taxable as a corporation.

  • The Transferring Lender and the Transferee acknowledge and confirm that they shall make directly between themselves such payments and adjustments agreed amongst themselves with respect to accrued interest, costs and other amounts attributable to the Transferred Commitment, Transferred Advances and Transferred Rights and Obligations prior to the Transfer Date.


More Definitions of Transferring Lender

Transferring Lender has the meaning set forth in Section 8.1(b).
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Transferring Lender means each Lender listed in Part 2 of Schedule 5 who is transferring its participation in the Loan and its Commitment to an Accepting Lender on the Effective Date in the amounts stated in Part 2 of Schedule 5; and
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Transferring Lender shall have the meaning specified in Section 2(a) hereof.
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Transferring Lender has the meaning given to it in the FEC Supplemental Assignment Agreement.
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Transferring Lender shall having the meaning assigned to such term in Section 2(b)(i).
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Related to Transferring Lender

  • Selling Lender has the meaning specified in Section 11.7 (

  • Purchasing Lender shall have the meaning set forth in Section 16.3(c) hereof.

  • Subject Lender has the meaning assigned to that term in subsection 2.9.

  • Participating Lender has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • Designating Lender means, with respect to each Designated Lender, the Lender that designated such Designated Lender pursuant to Section 12.1.2.

  • Assigning Lender means as specified in Section 13.8(b).

  • Consenting Lender has the meaning specified in Section 2.19(b).

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Declining Lender has the meaning specified in Section 2.05(c).

  • Restricted Lender means a Lender that fails to approve an amendment, waiver or consent requested by the Loan Parties pursuant to Section 10.01 that has received the written approval of not less than the Required Lenders but also requires the approval of such Lender.

  • Holdout Lender has the meaning specified therefor in Section 12.02(b).

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Revolving Lender means a Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving Exposure.

  • Impacted Lender means a Defaulting Lender or a Lender as to which (a) the Administrative Agent or L/C Issuer has a good faith belief that such Lender has defaulted in fulfilling its obligations under one or more other syndicated credit facilities or (b) an entity that controls such Lender has been deemed insolvent or become the subject of a bankruptcy or insolvency proceeding.

  • Purchasing Lenders shall have the meaning set forth in Section 9.6(c).

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Revolving Credit Lender means, at any time, any Lender that has a Revolving Credit Commitment at such time.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Replacement Lender shall have the meaning provided in Section 2.13.

  • Extending Lender shall have the meaning assigned to such term in Section 2.21(e).

  • New Revolving Lender as defined in Section 2.24.

  • U.S. Revolving Lender means a Lender with a U.S. Revolving Commitment or, if the U.S. Revolving Commitments have terminated or expired, a Lender with U.S. Revolving Exposure.

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • Affected Lender has the meaning specified therefor in Section 2.13(b) of the Agreement.

  • Affiliate Lender shall have the meaning assigned to such term in Section 9.21(a).

  • Protesting Lender has the meaning specified in Section 9.09(a).