Accordion Facility Lender definition

Accordion Facility Lender means any entity which is listed as such in the relevant Accordion Facility Notice.
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Accordion Facility Lender means any person who is or has become a Party as an Accordion Facility Lender in respect of an Accordion Facility Loan in accordance with Clause 2.3 (Accordion Facility).
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Accordion Facility Lender means any Lender or any other financial institution or fund or other entity which is listed as such in the relevant Accordion Facility Notice; Accordion Facility Loan means a loan made or to be made under any Accordion Facility or the principal amount outstanding for the time being of that loan;
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Examples of Accordion Facility Lender in a sentence

  • If any person is to become an Accordion Facility Lender pursuant to any transfer or assignment from an existing Accordion Lender, the provisions of clause 24 ( Changes to the Lenders) shall apply.

  • The Corporate Guarantor shall invite all Lenders under the Term Facility, in writing to become an Accordion Facility Lender on a pro rata basis, by delivery of the Accordion Facility Proposal to the Facility Agent and each of those Lenders.

  • Each Accordion Facility Commitment Notice shall be duly countersigned by the relevant Proposed Accordion Facility Lender to which an Accordion Facility Commitment is allocated.

  • Any Lender which wishes to become an Accordion Facility Lender in respect of an Accordion Facility proposed in an Accordion Facility Proposal shall notify the Corporate Guarantor and the Facility Agent of the proposed Accordion Facility Commitment that it unconditionally offers to make available in respect of the proposed Accordion Facility no later than 5:00 p.m. on the last day of the Accordion Facility Solicitation Period relating to the Accordion Facility Proposal.

  • The Facility Agent shall not be obliged to execute an Accordion Facility Commitment Notice delivered to it by the Parent until it is satisfied that the Proposed Accordion Facility Lender has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations in relation to the accession of the Proposed Accordion Facility Lender.

  • A Proposed Accordion Facility Lender may only assume an Accordion Facility Commitment with effect from the date the Facility Agent countersigns the Accordion Facility Commitment Notice.

  • Each Accordion Facility Lender acknowledges that it has received a copy of the Loan Note Subscription Agreement, the Security Trust Deed and each other Finance Documents together with the other information which it has required in connection with this letter.

  • Any Lender which wishes to become an Accordion Facility Lender in respect of an Accordion Facility proposed in an Accordion Facility Proposal shall notify the Borrower and the Facility Agent of the proposed Accordion Facility Commitment that it unconditionally offers to make available in respect of the proposed Accordion Facility no later than 5:00 p.m. on the last day of the Accordion Facility Solicitation Period relating to the Accordion Facility Proposal.

  • For each Holder that is an Accordion Facility Lender (as defined in the LNSA) (an “Accordion Holder”), the number of Warrants granted shall be equal to the Accordion Holder’s Accordion Facility Relevant Proportion of the number of Warrants determined by multiplying (i) the quotient of (x) US$966,667 divided by (y) the Initial Share Price by (ii) the sum of 1 plus the quotient of (A) the Exercise Price divided by (B) the Initial Share Price.

  • If an Accordion Facility Lender is not already a Beneficiary under the Security Trust Deed, the Security Trustee agrees on behalf of itself and all other Beneficiaries as set out in the Recognition Deed issued under the Security Trust Deed in favour of [insert party/ies] .

Related to Accordion Facility Lender

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.