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Cessionary Lenders definition

Cessionary Lenders means certain of the Lenders namely Investec, Nedbank and Standard Bank who have consented to the Ceded Rentals being utilised as PCF subject to the Cessionary Lenders approving the purpose for which the Ceded Rentals would be used as set out in the Use Agreements;
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Cessionary Lenders means certain of the lLenders to the Group namely Investec, Nedbank, Sanlam (through BVI) and Standard Bank, and in the case of the Company, Nedbank (through BVI) who have consented to the Ceded Rentals being utilised as PCF subject to the Cessionary Lenders approving the purpose for which the Ceded Rentals would be used as set out in the Use Agreements;
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Examples of Cessionary Lenders in a sentence

  • These funds together with PCF obtained from the Cessionary Lenders are being used to cover critical operating expenses during the Business Rescue.

  • The Cessionary Lenders in respect of the Company have agreed to the Company utilising the Ceded Rentals as PCF subject to the Cessionary Lenders in respect of the Company approving the purpose for which the Ceded Rentals would be used as set out in the Use Agreements.

  • The Cessionary Lenders have agreed to the Company utilising the Ceded Rentals as PCF subject to the Cessionary Lenders approving the purpose for which the Ceded Rentals would be used as set out in the Use Agreements.

  • Accordingly, the Company and the BRPs did not have access to the Ceded Rentals and required the consent of the Cessionary Lenders.

  • Accordingly, the Company and the BRPs did not have access to the Ceded Rentals and required the consent of the Cessionary Lenders in respect of the Company.

Related to Cessionary Lenders

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Continuing Lenders as defined in the recitals hereto.

  • Minority Lenders has the meaning provided in SECTION 9.02(c).

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • Tranche A Lenders means the Lenders who hold Tranche A Loans or who have Tranche A Commitments.

  • Existing Lenders means the lenders party to the Existing Credit Agreement.

  • Qualifying Lenders has the meaning specified in Section 2.05(d)(iv).

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Prepetition Lenders means the lenders from time to time party to the Prepetition Credit Agreements.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Prior Lenders means, collectively, the lenders party to the Prior Credit Agreement.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Canadian Lenders means the financial institutions listed on the signature pages of the Canadian Credit Agreement and their respective successors and assigns.

  • Ancillary Lender means each Lender (or Affiliate of a Lender) which makes available an Ancillary Facility in accordance with Clause 7 (Ancillary Facilities).

  • Incremental Lenders has the meaning set forth in Section 2.14(c).

  • Continuing Lender means with respect to any event described in Section 2.08(b), a Lender which is not a Retiring Lender, and “Continuing Lenders” means any two or more of such Continuing Lenders.

  • Required Facility Lenders means, with respect to any Facility on any date of determination, Lenders having more than 50% of the sum of (i) the outstanding Loans under such Facility and (ii) the aggregate unused Commitments under such Facility; provided that, to the same extent set forth in Section 10.07(h) with respect to determination of Required Lenders, the Loans of any Affiliated Lender shall in each case be excluded for purposes of making a determination of Required Facility Lenders.

  • Supermajority Lenders of any Tranche shall mean those Non-Defaulting Lenders which would constitute the Required Lenders under, and as defined in, this Agreement if (x) all outstanding Obligations of the other Tranches under this Agreement were repaid in full and all Commitments with respect thereto were terminated and (y) the percentage “50%” contained therein were changed to “66-2/3%.”

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Purchasing Lenders shall have the meaning set forth in Section 9.6(c).

  • U.S. Lenders means the Lenders having U.S. Commitments or outstanding U.S. Loans.

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Tranche A Lender means a Lender with a Tranche A Commitment or an outstanding Tranche A Term Loan.

Most Referenced Clauses

Most Referenced Definitions