Eligible Lenders Sample Clauses
The 'Eligible Lenders' clause defines which financial institutions or entities are permitted to participate as lenders under a loan agreement. Typically, this clause sets out specific criteria such as regulatory status, jurisdiction, or creditworthiness that an entity must meet to qualify as an eligible lender. For example, it may require that lenders be banks licensed in certain countries or not be competitors of the borrower. The core function of this clause is to ensure that only appropriate and approved parties can hold interests in the loan, thereby protecting the borrower from undesirable lenders and maintaining the integrity of the lending syndicate.
Eligible Lenders. The parties to this Amendment agree that SunTrust and Key Bank are Eligible Lenders. Each of SunTrust and Key Bank hereby agrees that upon the execution of this Amendment, it shall become a party to the Credit Agreement and shall be fully bound by, and subject to, all of the covenants, terms and conditions of the Credit Agreement as though an original party thereto. From and after the date hereof, all references in the Credit Agreement and in all other Loan Documents to the “Lenders” shall be deemed to include SunTrust and Key Bank.
Eligible Lenders. The Trustee may make an Acquisition Loan from any ---------------- financial institution or other entity it considers appropriate, including a party in interest as defined in ERISA (S) 3(14), or a disqualified person as defined in Code (S) 4975(e)(2). A party in interest and/or disqualified person may guarantee any Acquisition Loan.
Eligible Lenders. The PACE Act does not set criteria for financial institutions or investors to be PACE lenders. The Local Government will follow best practices of other PACE programs and the Texas PACE in a Box model program by recommending that lenders be: ▪ Any federally insured depository institution such as a bank, savings bank, savings and loan association and federal or state credit union; ▪ Any insurance company authorized to conduct business in one or more states; ▪ Any registered investment company, registered business development company, or a Small Business Administration small business investment company; ▪ Any publicly traded entity; or ▪ Any private entity that: o Has a minimum net worth of $5 million; and
Eligible Lenders. As of the date of this Agreement, Agent and each Lender represents and warrants to Borrower that it is either (i) not a non-resident of Canada within the meaning of the Income Tax Act (Canada), or (ii) an “authorized foreign bank” that is entering into this Agreement and receiving all amounts payable hereunder in respect of its “Canadian banking business” as both terms are defined for the purposes of the Income Tax Act (Canada).
Eligible Lenders. The parties to this Amendment agree that Texas Capital is an Eligible Lender. Texas Capital hereby agrees that upon the execution of this Amendment, it shall become a party to the Credit Agreement and shall be fully bound by, and subject to, all of the covenants, terms and conditions of the Credit Agreement as though an original party thereto. From and after the date hereof, all references in the Credit Agreement and in all other Loan Documents to the “Lenders” shall be deemed to include Texas Capital.