Tranche 1 Lender definition

Tranche 1 Lender means any Lender having a Tranche 1 Commitment (or, after the Tranche 1 Commitments have terminated, any Lender holding outstanding Loans or Tranche 1 Letter of Credit Exposure).

Tranche 1 Lender means a Lender with a Tranche 1 Commitment, holding Tranche 1 Loans or holding participations in any L/C Obligations or Swing Line Loans and, as the context requires, includes a Tranche 1 Lender in its capacity as an L/C Issuer and (in the case of Bank of America) as Swing Line Lender.

Tranche 1 Lender means a Lender with a Tranche 1 Commitment or holding Tranche 1 Loans.

Examples of Tranche 1 Lender in a sentence

• Each Tranche 1 Lender represents and warrants that each Tranche 1 Letter of Credit constitutes a legal, valid and binding obligation of such Tranche 1 Lender enforceable in accordance with its terms.

• Any reduction of the Aggregate Tranche 1 Commitments shall be applied to the Tranche 1 Commitment of each Tranche 1 Lender according to its Applicable Tranche 1 Percentage.

• Upon any change in the Tranche 1 Commitments of the Tranche 1 Lenders pursuant to Section 1.13 or 12.04(b), it is hereby agreed that, with respect to all outstanding Existing Tranche 1 Letters of Credit and Unpaid Drawings with respect thereto, there shall be an automatic adjustment to the participations pursuant to this Section 2A.08 to reflect the new Tranche 1 Percentages of the assigning and assignee Tranche 1 Lender.

• Subject to the terms and conditions set forth herein, at the request of any Account Party at any time and from time to time during the Availability Period, each Tranche 1 Lender agrees to Issue Tranche 1 Letters of Credit as Syndicated Letters of Credit and each Tranche 2 Lender agrees to Issue Tranche 2 Letters of Credit as Syndicated Letters of Credit, in each case for the account of such Account Party.

• The Company shall pay to the Administrative Agent for the account of each Tranche 1 Lender in accordance, subject to adjustment as provided in Section 2.17, with its Applicable Tranche 1 Percentage, in Dollars, a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit.

More Definitions of Tranche 1 Lender

Tranche 1 Lender. “Tranche 1 Lenders,” “Tranche 2 Lender,” or “Tranche 2 Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with Discovery (solely upon and after the consummation of the Combination Transactions), the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

Tranche 1 Lender means a Lender with a Tranche 1 Commitment, holding Tranche 1 Loans or holding participations in any L/C Obligations or Swing Line Loans and, as the context requires, includes a Tranche 1 Lender in its capacity as an L/C Issuer, as a Swing Line Dollar Lender or a Swing Line Euro Lender, as applicable.

Tranche 1 Lender means a Lender with a Tranche 1 Loan Commitment or an outstanding Tranche 1 Loan.

Tranche 1 Lender means a Lender with a Tranche 1 Commitment or, if the Tranche 1 Commitments have terminated, a Lender with Tranche 1 Outstandings.

Tranche 1 Lender means, as of any date of determination, a Lender holding a Tranche 1 Loan.

Tranche 1 Lender means any Lender with a Tranche 1 Commitment or a Tranche 1 Loan.

Tranche 1 Lender means any Tranche 1E Lender or any Tranche 1N Lender.