Applicable Participants definition

Applicable Participants means (i) with respect to any U.S. Swingline Loans or U.S. Letter of Credit, the U.S. Revolving Lenders and (ii) with respect to any European Swingline Loans or European Letter of Credit, the European Revolving Lenders.
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Applicable Participants means with respect to any Swingline Loan or Letter of Credit, the Revolving Lenders.
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Applicable Participants means (i) with respect to any Alternative Currency Letter of Credit, the Alternative Currency Revolving Lenders and (ii) with respect to any Dollar Letters of Credit, the Dollar Revolving Lenders.
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Examples of Applicable Participants in a sentence

  • Each Applicable Participant shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in Section 2.06 with respect to Loans made by such Applicable Participant (and Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the Applicable Participants), and the Administrative Agent shall promptly pay to the Swingline Lender the amounts so received by it from the Applicable Participants.

  • Each such notice shall specify the aggregate amount of Swingline Loans in which the Applicable Participants will participate.

  • Promptly following receipt by the Administrative Agent of any payment from the applicable Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the relevant Issuing Bank or, to the extent that the Applicable Participants have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Applicable Participants and such Issuing Bank as their interests may appear.

  • The obligations of the Applicable Participants under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

  • Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the relevant Issuing Bank or, to the extent that the Applicable Participants have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Applicable Participants and such Issuing Bank as their interests may appear.

  • Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the Issuing Lender or, to the extent that Applicable Participants have made payments pursuant to this paragraph to reimburse the Issuing Lender, then to such Applicable Participants and the Issuing Lender as their interests may appear.

  • The Issuing Lender shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Lender has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the Issuing Lender and the Applicable Participants with respect to any such LC Disbursement.

  • Except to the extent of reallocations of participations pursuant to clause (i) of the immediately preceding sentence, the occurrence of a Maturity Date with respect to a given Class of Revolving Commitments shall have no effect upon (and shall not diminish) the percentage participations of the Applicable Participants in any Letter of Credit issued before such Maturity Date.

  • Promptly following receipt of such notice, each Applicable Participant shall pay to the Administrative Agent its Applicable Percentage of the payment then due from the Borrower (and Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the Applicable Participants), and the Administrative Agent shall promptly pay to the relevant Issuing Bank the amounts so received by it from the Applicable Participants.

  • Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the Issuing Bank or, to the extent that Applicable Participants have made payments pursuant to this paragraph to reimburse the Issuing Bank, then to such Applicable Participants and the Issuing Bank as their interests may appear.


More Definitions of Applicable Participants

Applicable Participants means (i) with respect to any Multicurrency Letter of Credit, the Multicurrency Revolving Lenders and (ii) with respect to any U.S. Letter of Credit, the U.S. Revolving Lenders.
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Applicable Participants means with respect to any Swingline Loan or Letter of Credit, the Revolving Lenders. “Applicable Percentage” means, at any time (a) with respect to any Revolving Lender, the percentage equal to a fraction the
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Applicable Participants means (i) with respect to any Global Swingline Loan, the Global Revolving Lenders, (ii) with respect to any U.S. Swingline Loan, the U.S. Revolving Lenders, (iii) with respect to any Global Letter of Credit, the Global Revolving Lenders and (iv) with respect to any U.S. Letter of Credit, the U.S. Revolving Lenders.
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Applicable Participants means (i) with respect to any Global Swingline Loan, the 2020 Extended Global Revolving Lenders, (ii) with respect to any U.S. Swingline Loan, the 2020 Extended U.S. Revolving Lenders, (iii) with respect to any Global Letter of Credit, the 2020 Extended Global Revolving Lenders and (iv) with respect to any U.S. Letter of Credit, the 2020 Extended U.S. Revolving Lenders.
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Applicable Participants means (i) with respect to any Multicurrency Tranche 1 Swing Line Loan or Multicurrency Tranche 1 Letter of Credit, the Multicurrency Tranche 1 Revolving Credit Lenders, (ii) with respect to any Multicurrency Tranche 2 Swing Line Loan or Multicurrency Tranche 2 Letter of Credit, the Multicurrency Tranche 2 Revolving Credit Lenders and (iii) with respect to any U.S. Swing Line Loan or U.S. Letter of Credit, the U.S. Revolving Credit Lenders.
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Related to Applicable Participants

  • Eligible Participants means persons who, at a particular time, are employees, officers, consultants, or directors of the Company or its subsidiaries;

  • L/C Participants the collective reference to all the Revolving Lenders other than the Issuing Lender.

  • CDS Participants means a broker, dealer, bank or other financial institution or other person for whom CDS effects book-entry transfers and pledges of Deposit Notes under the Book-Entry System.

  • Participants is defined in Section 12.2.1.

  • Program Participants means, for any CRP, the Centers (other than the Lead Center for such CRP) and any Partner receiving funding for activities under such CRP that are funded by the CGIAR Fund.

  • Non-Highly Compensated Participant means any Participant who is neither a Highly Compensated Employee nor a Family Member.

  • Section 16 Participants means Participants who are subject to the provisions of Section 16 of the Exchange Act.

  • Book Entry Participants means institutions that participate directly or indirectly in the Depository’s book entry registration system for the Warrants;

  • Highly Compensated Participant means any Highly Compensated Employee who is eligible to participate in the Plan.

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • Designated Participant means such employees or officers of the Company or a related entity of the Company as the Board may designate from time to time as eligible to participate in the Plan;

  • Identified Participating Lenders has the meaning set forth in Section 2.05(a)(v)(C)(3).

  • Highly Compensated Former Employee means a former Employee who had a separation year prior to the "determination year" and was a Highly Compensated Employee in the year of separation from service or in any "determination year" after attaining age 55. Notwithstanding the foregoing, an Employee who separated from service prior to 1987 will be treated as a Highly Compensated Former Employee only if during the separation year (or year preceding the separation year) or any year after the Employee attains age 55 (or the last year ending before the Employee's 55th birthday), the Employee either received "415 Compensation" in excess of $50,000 or was a "five percent owner." For purposes of this Section, "determination year," "415 Compensation" and "five percent owner" shall be determined in accordance with Section 1.28. Highly Compensated Former Employees shall be treated as Highly Compensated Employees. The method set forth in this Section for determining who is a "Highly Compensated Former Employee" shall be applied on a uniform and consistent basis for all purposes for which the Code Section 414(q) definition is applicable.

  • Rights Offering Participants means those Persons who duly subscribe for Rights Offering Shares in accordance with the Rights Offering Procedures.

  • Grandfathered Percentage means, with respect to any Grandfathered Person, the percentage of the outstanding shares of Common Stock of the Company that such Grandfathered Person, together with all Affiliates and Associates of such Grandfathered Person, Beneficially Owns as of the Grandfathered Time, plus an additional 1/2%; provided, however, that, in the event any Grandfathered Person shall sell, transfer, or otherwise dispose of any outstanding shares of Common Stock of the Company after the Grandfathered Time, the Grandfathered Percentage shall, subsequent to such sale, transfer or disposition, mean, with respect to such Grandfathered Person, the lesser of (i) the Grandfathered Percentage as in effect immediately prior to such sale, transfer or disposition or (ii) the percentage of outstanding shares of Common Stock of the Company that such Grandfathered Person Beneficially Owns immediately following such sale, transfer or disposition, plus an additional 1/2%.

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Lower Tier Participant refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Non-Highly Compensated Employee means an Employee who is not a Highly Compensated Employee.

  • Covered Participant means a Participant who is a “covered employee” as defined in Section 162(m)(3) of the Code, and the regulations promulgated thereunder, and any individual the Committee determines should be treated as such a covered employee.

  • Sharing Percentage means, with respect to any Member, a percentage, expressed as a fraction the numerator of which is the number of Units held by such Member and the denominator of which is the aggregate number of Units held by all Members.

  • Current Participant means a person who participated in the Plan during the Class Period and had an Active Account on May 11, 2018.

  • Nonhighly Compensated Employee means an Employee who is not a Highly Compensated Employee.

  • Vesting Percentage means the percentage by which the Target Total Award is multiplied as set forth in the chart in Section II below.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.