Resigning Lender definition

Resigning Lender has the meaning given that term in Section 12.8.
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Resigning Lender has the meaning set forth in Section 8.09.
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Resigning Lender has the meaning given that term in Section 11.8. “Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority. “Responsible Officer” means the chief executive officer, chief financial officer or treasurer of the Parent or the Company. “Restricted Payment” means: (a) any dividend or other distribution, direct or indirect, on account of any Equity Interest of the Parent or any of its Subsidiaries now or hereafter outstanding; (b) any redemption, conversion, exchange, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any Equity Interests of the Parent or any of its Subsidiaries now or hereafter outstanding; and (c) any payment made to retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire any Equity Interests of the Parent or any of its Subsidiaries now or hereafter outstanding; in the case of each of (a), (b) and (c), other than a payment, redemption, exchange or similar transaction to the extent the consideration paid by the Parent or any of its Subsidiaries is shares of Equity Interests that do not constitute Mandatorily Redeemable Stock. “Revolving Commitment” means, as to each Revolving Lender, such Xxxxxx’s obligation to make Revolving Loans pursuant to Section 2.1. and to issue (in the case of an Issuing Bank) and to participate (in the case of the other Revolving Lenders) in Letters of Credit pursuant to Section 2.4.(i), in an amount up to, but not exceeding the amount set forth for such Revolving Lender on Schedule I as such Lender’s “Revolving Commitment Amount” or as set forth in any applicable Assignment and Assumption, or agreement executed by a Person becoming a Revolving Lender in accordance with Section 2.17., as the
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Examples of Resigning Lender in a sentence

  • If such Resigning Lender resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Committed Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.05(c).

  • In the event of any such resignation as L/C Issuer or Swing Line Lender, the Borrower shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swing Line Lender hereunder; provided, however, that no failure by the Borrower to appoint any such successor shall affect the resignation of such Resigning Lender as L/C Issuer or Swing Line Lender, as the case may be.

  • Upon each of the Resigning Lender's receipt of an amount equal to its outstanding Loans and accrued interest, such Resigning Lender shall return to the Borrower the promissory note made payable by the Borrower to each such Lender marked "Paid in Full".

  • If such Resigning Lender resigns as L/C Issuer, it shall retain all the rights, powers, privileges and duties of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Committed Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.04(c)).

  • Notwithstanding anything to the contrary contained herein, if at any time Bank of America or any other Lender that is an L/C Issuer or Swing Line Lender hereunder (each, a “Resigning Lender”), as applicable, assigns all of its Commitment and Loans pursuant to subsection (b) above, such Resigning Lender may, (i) upon 30 days’ notice to the Borrower and the Lenders, resign as L/C Issuer and/or (ii) upon 30 days’ notice to the Borrower, resign as Swing Line Lender.

  • Upon the acceptance of a successor’s appointment as Administrative Agent hereunder the Resigning Lender shall be discharged from all duties and obligations of the Swingline Lender hereunder and under the other Loan Documents.

  • Each Resigning Lender, as of the Resignation Effective Date, has elected to terminate in full its Commitment under the Credit Agreement.

  • Notwithstanding \34414564.10 anything to the contrary contained herein, if at any time Bank of America or any other Lender that is an L/C Issuer or Swing Line Lender hereunder (each, a “Resigning Lender”), as applicable, assigns all of its Commitment and Loans pursuant to subsection (b) above, such Resigning Lender may, (i) upon 30 days’ notice to the Borrower and the Lenders, resign as L/C Issuer and/or (ii) upon 30 days’ notice to the Borrower, resign as Swing Line Lender.

  • If such Resigning Lender resigns as L/C Issuer, it shall retain all the rights, powers, privileges and duties of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Committed Loans or fund risk participations in Unreimbursed Amounts pursuant to \52073062 Section 2.04(c)).

  • In the event of any such resignation as L/C Issuer or Swing Line Lender, the Borrower shall be entitled to appoint from among the Lenders a successor L/C Issuer (in accordance with the terms of Section 2.03(l)) or Swing Line Lender hereunder; provided, however, that no failure by the Borrower to appoint any such successor shall affect the resignation of such Resigning Lender as L/C Issuer or Swing Line Lender, as the case may be.


More Definitions of Resigning Lender

Resigning Lender has the meaning specified in Section 10.06.
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Related to Resigning Lender

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

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

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

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

  • Continuing Lender as defined in Section 2.17(a).

  • Exiting Lender see Section 2.17.7.

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

  • Swing Lender means Xxxxx Fargo or any other Lender that, at the request of Borrowers and with the consent of Agent agrees, in such Lender’s sole discretion, to become the Swing Lender under Section 2.3(b) of the Agreement.

  • Existing Lenders has the meaning specified in the recitals hereto.

  • New Revolving Lender as defined in Section 2.24.

  • 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 on behalf of the Lenders hereunder.

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

  • Terminated Lender as defined in Section 2.23.

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

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Notifying Lender has the meaning given in Clause 23.1 or Clause 24.1 as the context requires;

  • U.S. Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of U.S. Swingline Loans hereunder.

  • Consenting Lenders has the meaning set forth in Section 2.21(b).

  • Non-Extending Lender has the meaning specified in Section 2.18(b).

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