Alternate Lender definition

Alternate Lender means CITIBANK, N.A., a national banking association and its successors and assigns.

Alternate Lender shall have the meaning set forth in the preamble to the Credit Agreement.

Alternate Lender means Citibank, N.A., a national banking association, and its successors and permitted assigns under Section 11.03.

Examples of Alternate Lender in a sentence

• The Indenture Trustee shall calculate the Applicable Interest Rate based on information provided (i) by the Administrative Agent to the Facility Agent if the Primary Lender is the Lender, or (ii) by the Facility Agent if the Alternate Lender is the Lender.

• Upon satisfaction of Sections 3.01, 5.01 and 5.02, disbursements shall be made by advances from the Primary Lender or the Alternate Lender to the Shipowner ("Disbursements") in accordance with Section 3.01.

• The agreement of the Primary Lender to fund any Disbursement under this Agreement and any obligations of the Alternate Lender to fund any Disbursement under this Agreement shall be subject only to the Facility Agent's receipt of a Certificate Authorizing Disbursement, upon which each such Lender may conclusively rely.

• Upon payment of its Assignment Amount, each such Alternate Lender shall acquire an interest in the Principal Obligation equal to its Alternate Lender Pro Rata Share thereof.

• Upon any such resignation, the Lender and the Alternate Lender shall have the right to appoint a successor Facility Agent approved by the Borrower (which approval will not be unreasonably withheld or delayed).

More Definitions of Alternate Lender

Alternate Lender means Citibank, N.A., a national banking association, as Alternate Lender under the Credit Agreement, and any successor Alternate Lender.

Alternate Lender means any Person that shall not be, and shall not have been, a party (or an Affiliate of a party): (i) with whom Lender (or any Affiliate thereof) or any other third-party lender shall have had a dispute based either on (a) alleged bad faith dealings or fraudulent conduct or (b) an alleged intentional breach with respect to an agreement between Lender (or any Affiliate thereof) or any other third-party lender and the party in question (or any Affiliate thereof) or (ii) the subject of any action, proceeding, hearing or investigation (a) alleging or relating to criminal activity or (b) to revoke any material license or permit.

Alternate Lender shall have the meaning set forth in Section 1.3.

Alternate Lender means Royal Bank of Canada, each Person who accepts an assignment of Royal Bank of Canada's rights and obligations hereunder pursuant to Section 10.04, and the successors and assigns of any of them. The Alternate Lender may include one or more Persons following an assignment pursuant to Section 10.04, and if more than one Person, each Person who is an Alternate Lender will have the rights and obligations with respect to Advances in the respective percentages specified in the agreement(s) governing such assignment(s).

Alternate Lender means each of the Bank of America Alternate Lender, the Deutsche Bank Alternate Lender and the Societe Generale Alternate Lender.

Alternate Lender means Royal Bank of Canada, a Canadian banking corporation, and its successors and assigns.

Alternate Lender has the meaning set forth in SECTION 7.13(A).