Retiring Lender definition

Retiring Lender means a Lender that ceases to be a Lender hereunder pursuant to the operation of Section 2.07(b).

Retiring Lender means a Lender that ceases to be a Lender hereunder pursuant to the operation of Section 2.08(b).

Retiring Lender has the meaning set forth in Section 9.01(a).

Examples of Retiring Lender in a sentence

• Upon the Borrower’s selection of a bank to replace a Retiring Lender, such bank’s agreement thereto and the fulfillment of the conditions to assignment and assumption set forth in Section 9.08(c) such bank shall become a Lender hereunder for all purposes in accordance with Section 9.08(c).

• Upon the Borrower’s selection of a bank to replace a Retiring Lender, such bank’s agreement thereto and the fulfillment of the conditions to assignment and assumption set forth in Section 9.08(c)(iii) such bank shall become a Lender hereunder for all purposes in accordance with Section 9.08(c) (iii).

• Substitute Lender acknowledges and agrees as specified in Section 9.3 of the Loan Agreement, which applies as if references to the Agent included the Retiring Lender and references to any Debt Document included this agreement.

• Loan Agreement, which applies as if references to the Agent included the Retiring Lender and references to any Debt Document included this agreement.

• In general PPS3 covers three themes:▪Promotion of housing that is well designed and built to a high standard.▪A mix of housing tenure type, both varied market and affordable, that contributes towards creating mixed communities.▪Suitable development sites that offer access to transport, shops, services, and jobs; are environmentally sustainable; and respond to housing need.

More Definitions of Retiring Lender

Retiring Lender means a Person with an outstanding Loan or Commitment under (and as defined in) the Existing Credit Agreement that is not a Lender under this Agreement.

Retiring Lender means a Lender that ceases to be a Lender under this Agreement pursuant to the operation of this Section. The replacement of a Retiring Lender pursuant to this Section shall be effective on the tenth (10th) Business Day (the “Replacement Date”) following the date of a notice to the Retiring Lender and each Continuing Lender through the Agent, subject to satisfaction of the following conditions:

Retiring Lender means a Lender that ceases to be a Lender hereunder pursuant to the operation of Section 2.08(b). “Revolving” means, when used with respect to (i) a Borrowing, a Borrowing made by the Borrower under Section 2.01, as identified in the Notice of Borrowing with respect thereto, a Borrowing of Revolving Loans to refund outstanding Swingline Loans pursuant to Section 2.02(b)(i), or a Mandatory Letter of Credit Borrowing and (ii) a Loan, a Loan made under Section 2.01; provided, that, if any such loan or loans (or portions thereof) are combined or subdivided pursuant to a Notice of Conversion/Continuation, the term “Revolving Loan” shall refer to the combined principal amount resulting from such combination or to each of the separate principal amounts resulting from such subdivision, as the case may be. “Revolving Outstandings” means at any time, with respect to any Lender, its 2026 Revolving Outstandings or its 2027 Revolving Outstandings, as the context may require. “Revolving Outstandings Excess” means the 2026 Revolving Outstandings Excess and/or the 2027 Revolving Outstandings Excess, as the context may require. “S&P” means Standard & Poor’s Ratings Group, a division of S&P Global Inc. and any successor thereto or, absent any such successor, such nationally recognized statistical rating organization as the Borrower and the Administrative Agent may select. “Sanctioned Country” means a country, region or territory that is the subject of comprehensive territorial Sanctions (currently, the so-called Donetsk People’s Republic, the so-called Luhansk People’s Republic, Crimea, non-government controlled areas of the Zaporizhzhia and Kherson Regions of Ukraine, Cuba, Iran, North Korea and Syria). “Sanctioned Person” means a Person that is, or is owned or controlled by Persons that are, (i) the subject of any Sanctions, or (ii) located, organized or resident in a Sanctioned Country. “Sanctions” means sanctions or trade embargoes administered or enforced by OFAC, the U.S. Department of State, the European Union, any European Union member state, His Majesty’s Treasury of the United Kingdom or any other applicable sanctions authority. “SEC” means the Securities and Exchange Commission. “SOFR” means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator. “SOFR Administrator” means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

Retiring Lender. As defined in Section 2.6(c).

Retiring Lender is defined in Section 6.5(f).

Retiring Lender means a Lender that ceases to be a Lender hereunder pursuant to the operation of Section 2.08(b). “Revolving” means, when used with respect to (i) a Borrowing, a Borrowing made by the Borrower under Section 2.01, as identified in the Notice of Borrowing with respect thereto, a Borrowing of Revolving Loans to refund outstanding Swingline Loans pursuant to Section 2.02(b)(i), or a Mandatory Letter of Credit Borrowing and (ii) a Loan, a Loan made under Section 2.01; provided, that, if any such loan or loans (or portions thereof) are combined or subdivided pursuant to a Notice of Conversion/Continuation, the term “Revolving Loan” shall refer to the combined principal amount resulting from such combination or to each of the separate principal amounts resulting from such subdivision, as the case may be. “Revolving Outstandings” means at any time, with respect to any Lender, the sum of (i) the aggregate principal amount of such Lender’s outstanding Revolving Loans plus (ii) the aggregate amount of such Lender’s Swingline Exposure plus (iii) the aggregate amount of such Lender’s Letter of Credit Liabilities. “Revolving Outstandings Excess” has the meaning set forth in Section 2.09. “S&P” means Standard & Poor’s Ratings Group, a division of S&P Global Inc. and any successor thereto or, absent any such successor, such nationally recognized statistical rating organization as the Borrower and the Administrative Agent may select. “Sanctioned Country” means a country, region or territory that is the subject of comprehensive territorial Sanctions (currently, Crimea, Cuba, Iran, North Korea, Sudan, and Syria).

Retiring Lender means a Person that is a Retiring Revolving Credit Lender or a Retiring Term Lender.