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 means an Increasing Lender or a New Accordion Lender.
Examples of Accordion Lender in a sentence
Pursuant to Section 2.9 of the Credit Agreement, the Borrower wishes to designate the Accordion Lender (as defined below) as a Lender under the Credit Agreement.
THE BANK OF MONTREAL, <@>, as Agent, for and on behalf of itself and the as Accordion Lender Lenders by by Name: Name: Title: Title: Name: Name: Title: Title: By: Name: Title: By: Name: Title: NIL.
Each Lender irrevocably appoints, authorizes and directs the 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.
Subsequent thereto, Schedule 4 hereto shall be deemed to be amended to add the Commitment of such Accordion Lender.
More Definitions of Accordion Lender
Accordion Lender has the meaning given to that term in Clause 2.3 (Additional Commitments).
Accordion Lender has the meaning given to that term in Clause 2.2 (Accordion) of the Facilities Agreement.
Accordion Lender means a Lender that has agreed to accept an increase to such Lender’s Applicable Percentage of the Revolving Limit, the Wholesale Flooring Facility Limit, the Used Vehicle Flooring Facility Limit, the Wholesale Leasing Limit and/or the Daily Rental Limit, as applicable, pursuant to and in accordance with Section 2.6(b). (3) “Accordion Notice” has the meaning given to it in Section 2.6(a). (4) “Acquisition” means the following: (a) with respect to any Person that is a Designated Subsidiary, the acquisition (whether for cash, property, services, securities or otherwise) of any businesses within the retail automotive and/or recreational vehicle sectors, automotive, recreational vehicle leasing and finance sectors, any dealerships, any automotive body shops, any automotive and/or recreational vehicle service shops, and in each case any ancillary businesses related thereto, in each case, located within Canada or the United States of America or any agreements to make such acquisition. (b) with respect to any Person that is a Non-Designated Subsidiary, the acquisition (whether for cash, property, services, securities or otherwise) of any businesses within the retail automotive and/or recreational vehicle sectors, equipment (including heavy and agricultural equipment) sales and service sector, automotive, equipment and recreational vehicle leasing and finance sectors, any dealerships, any automotive body shops, any automotive and/or recreational vehicle service shops, any motor vehicle registry services, and in each case any ancillary businesses related thereto, in each case, located within Canada or the United States of America or any agreements to make such acquisition. (5) “Administrative Agent” means The Bank of Nova Scotia when acting as administrative agent and any successor administrative agent appointed under Section 13.7. (6) “Administrative Agent’s Account for Payments” means for all payments for and by the Borrowers, the following account maintained by the Administrative Agent at its Toronto main branch, to which payments and transfers are to be effected as follows:
Accordion Lender means a Lender or a proposed new 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 Credit Facility or an initial 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 2.6.
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 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 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.