Buying Lender definition

Buying Lender is defined in Section 2.5(B)(ii).

Buying Lender is defined in Section 2.5.3(ii).

Buying Lender is defined in Section 2.4(b)(ii) hereof.

Examples of Buying Lender in a sentence

• Effective on the effective date of the increase in the Aggregate Commitment pursuant to clause (i) above, each Buying Lender hereby purchases and accepts such grant, assignment and conveyance from the Selling Lenders.

• Each Selling Lender hereby represents and warrants to each Buying Lender that such Selling Lender owns the Loans being sold and assigned hereby for its own account and has not sold, transferred or encumbered any or all of its interest in such Loans, except for participations which will be extinguished upon payment to Selling Lender of an amount equal to the portion of the outstanding Loans being sold by such Selling Lender.

• Each Selling Lender hereby represents and warrants to each Buying Lender that such Selling Lender owns the Revolving Loans being sold and assigned hereby for its own account and has not sold, transferred or encumbered any or all of its interest in such Revolving Loans, except for participations which will be extinguished upon payment to Selling Lender of an amount equal to the portion of the outstanding Revolving Loans being sold by such Selling Lender.

• Effective on the effective date of the increase in the Aggregate Revolving Loan Commitment pursuant to clause (i) above, each Buying Lender hereby purchases and accepts such grant, assignment and conveyance from the Selling Lenders.

• Each Selling Lender hereby represents and warrants to each Buying Lender that such Selling Lender owns the Loans and L/C Obligations being sold and assigned hereby for its own account and has not sold, transferred or encumbered any or all of its interest in such Loans and L/C Obligations, except for participations which will be extinguished upon payment to Selling Lender of an amount equal to the portion of the outstanding Loans and L/C Obligations being sold by such Selling Lender.

More Definitions of Buying Lender

Buying Lender is defined in Section 2.23(ii).

Buying Lender is defined in Section 2.22 hereof.

Buying Lender has the meaning specified in Section 2.15(f).

Buying Lender is defined in Section 2.24.2.

Buying Lender is defined in Section 2.27(b) hereof.

Buying Lender means each Lender (including, if applicable, each New Lender) on the Facility Conversion Date whose Pro Rata Share (as adjusted hereunder) of the Revolving Loans is greater than the outstanding principal balance of its outstanding Revolving Loans (including "Advances" converted to Loans hereunder).

Buying Lender is defined in Section 2.5(A)(ii) hereof.