Term Lender Clause Examples
The 'Term Lender' clause defines the role and identity of a lender who provides funds under a term loan agreement. It typically specifies the rights, obligations, and entitlements of such lenders, including how they participate in loan advances, receive repayments, and exercise voting rights on loan amendments. This clause ensures clarity regarding which parties are considered term lenders, thereby facilitating smooth administration of the loan and preventing disputes over lender status or entitlements.
Term Lender. Collectively, the Lenders which have a Term Commitment, including, without limitation, the 2025 Term Lenders, with the initial Term Lenders being identified on Schedule 1.1 hereto.
Term Lender. If such Tranche A Term Lender does not pay such corresponding amount forthwith upon the Agent's demand therefor, the Agent will promptly notify the Borrower, and the Borrower shall immediately pay such corresponding amount to the Agent. The Agent shall also be entitled to recover from the Tranche A Term Lender or the Borrower, as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Agent to the Borrower to the date such corresponding amount is recovered by the Agent at a per annum rate equal to (i) from the Borrower at the applicable rate for such Tranche A Term Loan and (ii) from a Tranche A Term Lender at the Federal Funds Rate.
Term Lender. Notwithstanding any other provision herein, the Administrative Agent, the Amendment No. 3 Term Lenders (including each Amendment No. 3 Rolling Term Lender) acknowledge and agree that the Amendment No. 3 Effective Date is February 6, 2025.
Term Lender. Each Initial Term Note shall represent the obligation of Borrower to pay the amount of the applicable Initial Term Lender’s Term Loan Commitment, together with interest thereon.
Term Lender. Upon notice thereof by the Administrative Agent to the Borrower, any obligation of the Lenders to make SOFR Loans, and any right of the Borrower to continue SOFR Loans or to convert ABR Loans to SOFR Loans, shall be suspended (to the extent of the affected SOFR Loans or affected Interest Periods) until the Administrative Agent (with respect to clause (ii), at the instruction of the Required SOFR Lenders) revokes such notice. Upon receipt of such notice, (i) the Borrower may revoke any pending request for a borrowing of, conversion to or continuation of SOFR Loans (to the extent of the affected SOFR Loans or affected Interest Periods) or, failing that, the Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to ABR Loans in the amount specified therein and (ii) any outstanding affected SOFR Loans will be deemed to have been converted into ABR Loans at the end of the applicable Interest Period. Upon any such conversion, the Borrower shall also pay accrued interest on the amount so converted, together with any additional amounts required pursuant to Section 2.11. Subject to Section 2.7, if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that “Adjusted Term SOFR” cannot be determined pursuant to the definition thereof on any given day, the interest rate on ABR Loans shall be determined by the Administrative Agent without reference to clause (c)(ii) of the definition of “ABR” until the Administrative Agent revokes such determination.
Term Lender. Each of the conditions set forth in paragraphs (b) and (c) of Section 4.01 of the Credit Agreement shall be satisfied, and the Administrative Agent shall have received a certificate to that effect dated as of the Effective Date and executed by a Responsible Officer of the U.S. Borrower.
Term Lender. AF V Energy I Holdings, L.P., as a lender (the “Consenting Term Lender”) under the Third Amended and Restated Credit Agreement, dated March 3, 2017 (as amended, restated, modified or supplemented from time to time, the “Term Credit Agreement”), by and among Gastar, as Borrower, the Guarantors specified in the Term Credit Agreement or in related transaction documentation, the Lenders from time to time party to the Term Credit Agreement and Wilmington Trust, National Association, as administrative agent (the “Term Agent”).
Term Lender. Each Existing Amendment No. 2 Lender that does not execute a Lender Consent shall have the entire aggregate principal amount of its Existing Amendment No. 2 Term Loans outstanding immediately prior to the Amendment No. 3 Effective Date prepaid by the Borrower on the Amendment No. 3
Term Lender. The effectiveness of the amendment and restatement of the Third Restated Credit Agreement contemplated hereby is also subject to the payment by the Borrowers of such fees as the Borrowers shall have agreed to pay or deliver to the arrangers, bookrunners and the Administrative Agent in connection herewith, including, without limitation, the reasonable fees and expenses of Xxxxxx Xxxxxx & Xxxxxxx LLP, special New York counsel to JPMCB, in connection with the negotiation, preparation, execution and delivery of this Agreement and the other Loan Documents and the extensions of credit hereunder (to the extent that statements for such fees and expenses have been delivered to the Borrowers).