Swap Lender definition

Swap Lender means a Person which, at the time that it entered into any Swap with any Loan Party, was a Lender or an Affiliate of a Lender;

Swap Lender means any Person who is a party to an arrangement with Borrower evidencing Swap Obligations and holds a participating interest in the Revolving Credit Loans and the Term Loan.

Swap Lender means any Lender or its Affiliate that enters into a Lender Hedge Agreement (regardless of whether such Lender ceases to be a Lender after such Lender Hedge Agreement is entered into), but excluding, for certainty, any Lender Hedge Agreement entered into by an Obligor with any Lender after such Lender’s Commitment has been fully cancelled in accordance with the terms hereof or after such Lender has assigned all of its rights to the Credit Facilities in accordance with Section 16.2.

Examples of Swap Lender in a sentence

• Each of the Parties acknowledges and agrees that the Credit Agreement, as amended hereby, and all other Loan Documents and Hedging Agreements entered into with a Swap Lender will be and continue in full force and effect and are hereby confirmed and the rights and obligations of all Parties thereunder will not be effected or prejudiced in any manner except as specifically provided herein.

• The Security shall for all purposes be treated as separate and continuing guarantees and security and shall be deemed to have been given in addition to and not in place of any other guarantee or any security given by the Loan Parties (or any of them) which are now held or hereafter acquired by the Agent, any Lender or any Swap Lender.

• A Loan Party fails to make any payment of principal, interest or other amount in regard to any Indebtedness (other than Indebtedness pursuant to a Swap Document with a Swap Lender), which for the purpose of this Section 16.1(h) includes obligations and liabilities under any Hedging Agreement that is not a Swap Document, whatsoever owed by it after .

• Each of the Parties acknowledges and agrees that the Credit Agreement, as amended hereby, and all other Loan Documents (including the Security) and Hedging Agreements entered into with a Swap Lender will be and continue in fall force and effect and are hereby confirmed and the rights and obligations of all Parties thereunder will not be effected or prejudiced in any manner except as specifically provided herein.

• On the Effective Date and at the time set forth in Section 3.1, (a) Cona shall assume, and shall be deemed to assume, all Swap Indebtedness, and (b) to the extent that a Swap Lender in respect of a Swap Agreement in force immediately prior to the Effective Time is not a lender under Cona’s credit facilities, Cona shall cause the lender(s) under its credit facilities to novate into the position of such Swap Lender in respect of such Swap Lender’s Swap Indebtedness.

More Definitions of Swap Lender

Swap Lender means any Person that is a counterparty to a Swap Agreement with the Borrower or any Subsidiary, which Swap Agreement was entered into prior to the time, or during the time, that such Person was a Lender or an Affiliate of a Lender (including any such Swap Agreement in existence prior to the date hereof), even if such Person subsequently ceases to be a Lender or an Affiliate of a Lender; provided that, so long as any Lender is a Defaulting Lender, such Lender will not be a Swap Lender with respect to any Swap Agreement entered into while such Lender was a Defaulting Lender.

Swap Lender means any Person that entered into a Swap Contract with Borrower or any Subsidiary before or while such Person was a Lender or an Affiliate of a Lender, in its capacity as a party to such Swap Contract.

Swap Lender means with respect to any Calculation Date or any Determination Date, each Lender that is a party to a Swap Contract with the Company or an Affiliate of the Company on such date.

Swap Lender means any party to a Lender Hedge Agreement (other than any Loan Party or their Affiliates).

Swap Lender means a Lender or a Subsidiary or an Affiliate of a Lender which is a counterparty to a Risk Management Transaction with the Borrower, and which agrees in writing to be bound by and entitled to the benefit of the provisions of this Agreement, which agreement shall be in form and substance acceptable to the Agent and the Lenders, provided that a Lender with an Individual Commitment Amount hereunder shall be deemed to have provided such a written agreement to the Agent.

Swap Lender has the meaning ascribed thereto in the Credit Agreement;

Swap Lender means (a) any Lender or any Affiliate thereof that is a hedge provider under a Swap Document entered into prior to the applicable Lender ceasing to be a Lender and (b) HSBC Bank Canada and its successor and assigns in respect of the Existing Exchange Rate Swap Contracts. For greater certainty, any Person who enters into a Swap Document after such Person and all of its Affiliate cease to be a Lender is not a Swap Lender with respect to such Swap Document.