Accordion Lender definition

Accordion Lender means an existing Lender or a proposed new Lender that has agreed to accept an Individual Commitment with respect to the Credit Facility designated in an Accordion Notice delivered to the Administrative Agent pursuant to and in accordance with Section 2.4(a).

Accordion Lender shall have the meaning assigned to it in Section 1.05(e).

Accordion Lender has the meaning given to that term in Clause 2.3 (Additional Commitments).

Examples of Accordion Lender in a sentence

• Each Lender irrevocably appoints, authorizes and directs the Administrative Agent, as its attorney and agent, with full power of substitution and delegation, to complete and execute on its behalf each Accordion Agreement relating to each Accordion Lender.

• Employees shall be advised in writing of their employment type and classification upon appointment.

• Each Party (other than the Agent) hereby irrevocably authorises the Agent to execute an Accordion Lender Accession Agreement for this purpose.

• Each Accordion Lender shall advance to the Administrative Agent the amount of any such adjusting payment so required of it and the Administrative Agent shall, upon request, advance to each other Lender the amount of the corresponding adjusting payment required to be paid to it as determined above.

• Each Lender irrevocably appoints, authorizes and directs the Administrative Agent, as its attorney and agent, with full power of substitution and delegation, to complete and execute on its behalf each Accordion Agreement relating to each such Accordion Lender.

More Definitions of Accordion Lender

Accordion Lender has the meaning given to that term in Clause 2.2 (Accordion) of the Facilities Agreement.

Accordion Lender means an Increasing Lender or a New Accordion Lender.

Accordion Lender has the meaning given to that term in Clause 2.2 (Accordion) of the 2017 Credit Agreement.

Accordion Lender means a Lender or a proposed new Lender listed in Schedule I, Schedule II or Schedule III of the Bank of Act (Canada) that has agreed to accept an additional Individual Commitment with respect to the RT Facility or an initial Individual Commitment with respect to the RT Facility designated in an Accordion Notice delivered to the Administrative Agent pursuant to and in accordance with Section 2.6(a).

Accordion Lender means an RCF Lender or a proposed new RCF Lender acceptable to the Administrative Agent and the Issuing Lenders, acting reasonably, that has agreed to accept an additional Individual Commitment with respect to the RCF Facility or an initial Individual Commitment with respect to the RCF Facility designated in an Accordion Notice delivered to the Administrative Agent pursuant to and in accordance with Section 2.6.

Accordion Lender means any Lender or any bank, financial institution, trust, fund or other entity which has agreed to make available Accordion Commitments in accordance with Clause 2.5 (Accordion Facility).

Accordion Lender has the meaning given to it in Clause 2.2 (Accordion Facility).