Terminating Lenders definition

Terminating Lenders shall have the meaning specified in Section 3.4(e).
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Terminating Lenders have executed this Amendment for the sole purpose of evidencing such terminations. Each such "Terminating Lender" acknowledges that, as of the date hereof, that Note issued by the Borrowers to such Lender pursuant to the Credit Agreement has been cancelled and is of no further force or effect and that the original copy of such note shall be delivered to the Borrowers.
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Terminating Lenders means the "Lenders" under the Original Credit Agreement other than the Bank.
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Examples of Terminating Lenders in a sentence

  • The transfer of Commitments or outstanding Loans from Terminating Lenders to Purchasing Lenders or non‑Terminating Lenders shall take place on the effective date of, and pursuant to the execution, delivery, acceptance and recording of, an Assignment and Acceptance in accordance with the procedures set forth in Section 11.12.

  • If the aggregate amount of the proposed increases to Committed Sums of all non‑Terminating Lenders making such an election equals the aggregate Committed Sums of the Terminating Lenders, the respective Committed Sums of such non‑Terminating Lenders shall be increased by the respective amounts of their proposed increases, so that after giving effect to such termination and increases, the amount of the Aggregate Committed Sum will be the same as prior to such termination.

  • Upon funding of the initial Loans by the Bank as a Lender under this Agreement the proceeds thereof (in excess of the principal amount of the Original Loan of the Bank renewed and continued as referenced in the preceding sentence) shall be used to pay and discharge in full the Original Loans and Original Revolving Notes of each Terminating Lender and the Bank, as a Lender under this Agreement, shall be subrogated to all rights of the Terminating Lenders in respect thereof.

  • Upon receipt of the Pay-Off Amount in full in cash by the Administrative Agent for the account of the respective Terminating Lenders, the Commitments of the Terminating Lenders shall be terminated and all Obligations of the Borrower in respect of the outstanding Loans held by the Terminating Lenders shall be paid and discharged in full.

  • The Borrowers shall use the proceeds of the initial Loans to (a) pay and discharge all Original Loans of the Terminating Lenders, (b) renew and continue (but not extinguish) the Original Loan of the Bank and (c) pay costs, fees and expenses in connection with this Agreement.

  • Exhibit A attached hereto sets forth the pay-off figures for all Obligations owed to the Terminating Lenders, including all principal, interest, fees and other amounts owing (including estimated breakage fees, if any) under the Credit Agreement and the other Loan Documents as of February 28, 2007 and any per diem figures to the extent the pay-off occurs after February 28, 2007 (collectively, the "Pay-Off Amount").

  • The Administrative Agent shall have received signed signature pages to this First Amendment from the Borrower, Citibank, N.A. (as Administrative Agent, Lender and Issuing Lender), Xxxxxxx Sachs Bank USA, Apple Bank for Savings, Columbia State Bank, the Terminating Lenders and the Consenting Lenders.

  • The Borrowers shall have paid to the Agent for the pro rata account of all Lenders (other than Terminating Lenders) an amendment fee equal to three-eighths of one percent (0.375%) times the aggregate Commitments of all Lenders as of the Fifth Amendment Effective Date, after giving effect to the Fifth Amendment.

  • As of and on the Effective Date the Company shall have (i) repaid all Loans from the Terminating Lenders, together with accrued interest thereon, and (ii) all accrued and unpaid commitment fees and all other amounts due the Terminating Lenders.

  • The Administrative Agent will thereafter pay to the Tranche A Terminating Lenders principal and accrued interest on the Tranche A Loans assigned by such Lenders.


More Definitions of Terminating Lenders

Terminating Lenders has the meaning assigned to such term in Section 2.08(d).
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Terminating Lenders means ABN AMXX Xxnk N.V., U.S. Bank National Association, Wells Fargo Bank, N.A. (formerly known as Norwest Bank Minnesota, Naxxxxxl Association); Fleet National Bank; First Union National Bank (CoreStates) and Bank of America National Trust and Savings Association.
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Related to Terminating Lenders

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

  • Continuing Lenders as defined in the recitals hereto.

  • Terminated Lender as defined in Section 2.22.

  • Consenting Lenders has the meaning specified in Section 2.13(b).

  • Extending Lenders has the meaning specified in Section 2.08.

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

  • Exiting Lender see Section 2.17.7.

  • Continuing Lender means with respect to any event described in Section 2.08(b), a Lender which is not a Retiring Lender, and “Continuing Lenders” means any two or more of such Continuing Lenders.

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

  • Designating Lender means, with respect to each Designated Lender, the Lender that designated such Designated Lender pursuant to Section 12.1.2.

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

  • Defaulting Lender means any Lender with respect to which a Lender Default is in effect.

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

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

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

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

  • Qualifying Lenders has the meaning specified in Section 2.05(d)(iv).

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

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Defaulting Lender Fronting Exposure means, at any time there is a Defaulting Lender, (a) with respect to the Issuing Bank, such Defaulting Lender’s Applicable Percentage of the outstanding Letter of Credit obligations other than Letter of Credit obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateralized in accordance with the terms hereof, and (b) with respect to the Swingline Lender, such Defaulting Lender’s Applicable Percentage of Swingline Loans other than Swingline Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or cash collateralized in accordance with the terms hereof.

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

  • Non-Consenting Lenders has the meaning specified in Section 3.07(d).

  • Defaulting Lender Rate means (a) for the first 3 days from and after the date the relevant payment is due, the Base Rate, and (b) thereafter, the interest rate then applicable to Advances that are Base Rate Loans (inclusive of the Base Rate Margin applicable thereto).

  • 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.

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