Cash Management Lender definition
Examples of Cash Management Lender in a sentence
Each Lender Counterparty or Cash Management Lender not a party to this Agreement that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of Administrative Agent pursuant to the terms of Article IX hereof for itself and its Affiliates as if a “Lender” party hereto.
The Borrower and each of the Lenders agrees that any amounts due to the Cash Management Lender under the Cash Management Facilities shall be deemed to form part of the Loan under the Revolving Facility and shall be secured by the Security.
Notwithstanding the foregoing, Lender Hedging Obligations and Cash Management Obligations shall be excluded from the application described above if Administrative Agent has not received written notice thereof, together with such supporting documentation as Administrative Agent may request, from the applicable Lender Counterparty or Cash Management Lender, as the case may be.
Notwithstanding the foregoing, Lender Hedging Obligations and Cash Management Obligations and shall be excluded from the application described above if Administrative Agent has not received written notice thereof, together with such supporting documentation as Administrative Agent may request, from the applicable Lender Counterparty or Cash Management Lender, as the case may be.
The Cash Management Lender shall advise the Agent of any outstanding Advances upon the request of the Agent.
Each Lender, each Swap Lender, each Cash Management Lender and each Creditcard Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender, Swap Lender, Cash Management Lender or Creditcard Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement.
If at any time any Cash Management Lender is a Non-Funding Lender, the Borrower shall promptly notify the Administrative Agent as to whether any Lender or any Affiliate of any Lender that is not a Non-Funding Lender or an Affiliate of a Non-Funding Lender (each such Lender or Affiliate, a “New Cash Management Bank”) is willing and able to accept the transfer of all of the Cash or Cash Equivalents of the Credit Parties held by such Non-Funding Lender.
Each Lender, Swap Lender, Cash Management Lender and Creditcard Lender agrees that, after the Adjustment Time, it will at any time and from time to time upon the request of the Administrative Agent purchase portions of the amounts secured by the Security and make any other adjustments which may be necessary or appropriate in order that amounts which remain outstanding under the Credit Documents, as adjusted pursuant to this Section 12.18, are in accordance with the provisions of Section 10.7.
Any Cash Management Lender and any Creditcard Lender may provide Cash Management Services and Creditcard Facilities, as applicable, to the Borrower or any other Loan Party from time to time.
If a New Cash Management Bank exists at such time, the Borrower shall transfer all of such Cash and Cash Equivalents held by such Non-Funding Lender as promptly as possible and in any event no later than ninety (90) days following the date that the applicable Cash Management Lender became a Non-Funding Lender (the “Applicable Date”) to such New Cash Management Bank.