Lender Participations definition

Lender Participations as defined in Section 2.1.

Examples of Lender Participations in a sentence

  • The Lenders may, in the ordinary course of their commercial banking business and in accordance with applicable law, and after first obtaining the consent of the Agent, which consent shall not be unreasonably withheld, at any time sell to one or more Participants (which Participants may be Affiliates of a Lender) Participations in the Revolving Credit Commitment, the Loans, the Notes and the other interests of the Lenders hereunder.

  • Assignment by Lender; Participations; Securitization...................................63 Section 8.35.

  • A reduction of the Total Revolving Credit Commitment to zero and payment of all Obligations hereunder (including the discharge of all obligations of the L/C Issuer and the Lenders with respect to the Letters of Credit and Lender Participations) shall be deemed a cancellation and termination of this Agreement.

  • Assignment by Lender; Participations; Securitization .................................63 Section 8.35.

  • The Lenders may, in the ordinary course of their commercial banking business and in accordance with applicable law, and after first obtaining the consent of the Borrower and the Agents, which consents shall not be unreasonably withheld, at any time sell to one or more Participants (which Participants may be Affiliates of a Lender) Participations in the Revolving Credit Commitment, the Loans, the Revolving Credit Notes and the other interests of the Lenders hereunder.

Related to Lender Participations

  • Participations shall have the meaning set forth in Section 13.1 hereof.

  • L/C Participation shall have the meaning provided in Section 3.3(a).

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

  • Unfunded Advances/Participations means (a) with respect to the Administrative Agent, the aggregate amount, if any (i) made available to the Borrowers on the assumption that each Lender has made its portion of the applicable Borrowing available to the Administrative Agent as contemplated by Section 2.02(d) of the Credit Agreement and (ii) with respect to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Borrowers or made available to the Administrative Agent by any such Lender, (b) with respect to any Swingline Lender, the aggregate amount, if any, of participations in respect of any outstanding Swingline Loan that shall not have been funded by the Revolving Credit Lenders in accordance with Section 2.22(e) of the Credit Agreement and (c) with respect to any Issuing Bank, the aggregate amount, if any, of participations in respect of any outstanding L/C Disbursement that shall not have been funded by the Revolving Credit Lenders in accordance with Sections 2.23(d) and 2.02(f) of the Credit Agreement.

  • Participation Interests shall have the meaning specified in subsection 2.09(a)(ii).

  • Active participation means an ongoing process of good faith negotiation between the state licensing agency and the Indiana elected committee of licensed managers to achieve joint planning of:

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • Swingline Participation Amount as defined in Section 2.7(c).

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

  • Unit Participation means the ratio of the surface acreage of a specific tract in the unit area to the total surface acreage of the unit area as that total surface acreage is specified in paragraph one of the Plan for Unit Operations of this order.

  • Participation Interest means the Extension of Credit by a Lender by way of a purchase of a participation in Letters of Credit or LOC Obligations as provided in Section 2.2 or in any Loans as provided in Section 3.8.

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Identified Participating Lenders has the meaning set forth in Section 2.05(a)(v)(C)(3).

  • 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.

  • LC Obligations means, at any time, the sum, without duplication, of (i) the aggregate undrawn stated amount under all Facility LCs outstanding at such time plus (ii) the aggregate unpaid amount at such time of all Reimbursement Obligations.

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

  • Participation Date means the date the individual becomes a qualified participant in Tier 2 as determined under section 701a(1)(b).

  • Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but in each instance on behalf of the Lenders hereunder.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Canadian Lenders means the Persons (or an Affiliate or branch of any such Person that is acting on behalf of such Person, in which case the term “Canadian Lenders” shall include any such Affiliate or branch with respect to the Canadian Loans made by such Affiliate or branch) having a Canadian Commitment and any other Person that shall acquire a Canadian Commitment, other than any such Person that ceases to be a Canadian Lender pursuant to an Assignment and Assumption.

  • Swing Line Participation Amount as defined in Section 2.7(c).

  • Participation Facility means any facility in which the applicable party (or a Subsidiary of it) participates in the management (including all property held as trustee or in any other fiduciary capacity) and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • New Revolving Lender as defined in Section 2.24.