Alternate Lender definition

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

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

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

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.

• Without limiting the foregoing, the Valuation Agent shall indemnify the Lender, the Alternate Lender, the Facility Agent, the Borrower, the Trustee and each of their respective officers, directors, employees, agents, attorneys-in-fact.

• Each such Loan Notice shall specify: (i) the desired amount of such Loan, which shall be (a) at least $500,000 at all times when there is only one Alternate Lender party hereto, and (b) at least $1,000,000 at all times when there are two or more Alternate Lenders party hereto; (ii) the desired date of such Loan (the “Loan Date”), which shall be a Business Day; and (iii) such other information as is required by the form of such Loan Notice.

More Definitions of Alternate Lender

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

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

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

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

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 any Senior Lender or Agent (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 any Senior Lender of Agent (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 has the meaning set forth in SECTION 7.13(A).