Commercial Lender definition

Commercial Lender means Commercial Lender means a commercial bank that provides loans or other financings via asset-based lending facilities or revolving credit facilities in the ordinary course of business of such commercial bank.

Commercial Lender means a person who—

Commercial Lender means an enti- ty that is primarily engaged in the business of lending and other financing transactions and that has a loan port- folio in excess of $100,000,000, of which not more than 50 per centum in dollar amount consists of loans to borrowers in the commercial fishing industry, as certified by the Commercial Lender to the Citizenship Approval Officer.

Examples of Commercial Lender in a sentence

• Without affecting the responsibility of any Obligor for information supplied by it or on its behalf in connection with any Finance Document, each Commercial Lender confirms to the Agent that it has been, and will continue to be, solely responsible for making its own independent appraisal and investigation of all risks arising under or in connection with any Finance Document.

• The Borrower shall (for its own cost) have the right, in the absence of a Default or Event of Default, and with a prior consent from Eksportfinans to replace any Commercial Lender that refuses to consent to certain amendments or waivers of this Agreement which expressly require the consent of such Lender and which have been approved by the Required Lenders.

• He joined First Colebrook Bank n/k/a Granite Bank, in 2007 and has held the positions of VP Commercial Lender, SVP Commercial Lender and currently SVP Senior Loan Officer.

• Subject to the other provisions of this Agreement, each Commercial Lender shall participate in each Commercial Facility Loan and/or the Commercial Lenders’ Guarantee in the proportion which its Commitments and/or Guarantee Commitments bears to the Commercial Facility Loan Commitments and/or Guarantee Facility Commitments (as applicable).

• B.A. (Cum Laude), 1951, Harvard College; J.D., 1956, Harvard Law School; M.B.A., 1958 – Baker Scholar, Harvard Business School; Certified Commercial Lender, 1975, American Bankers Association; Member Illinois, Massachusetts and Federal Bar and the American Bar Association.

More Definitions of Commercial Lender

Commercial Lender means a lender who is regulated by the Financial Conduct Authority (Company Registration Number 01920623) whose registered office is at 12 Endeavour Square, London, England, E20 1JN;

Commercial Lender means commercial institutions that loan money, including banks, credit unions, mutual savings banks, savings and loan associations, stock savings banks, or trust companies;

Commercial Lender means a commercial bank or its affiliate engaged in oil and gas lending in the ordinary course of their respective businesses and any affiliated assignee and any Affiliate thereof.

Commercial Lender means a commercial lending institution chartered by the state or federal government, including a savings and loan association, a credit union, or a Farm Credit System institution.

Commercial Lender means any one of them individually;

Commercial Lender means each of the Persons having executed this Agreement as Commercial Lender and any other Person who becomes a Commercial Lender in accordance with this Agreement;

Commercial Lender means any bank or other commercial lending institution which provides business financing to Tenant; (C) “Successor” means any business entity in which or with which Tenant is merged or consolidated in accordance with applicable statutory provisions governing merger and consolidation of business entities, so long as (1) Tenant’s obligations under this Lease are assumed by the Successor; and (2) the Tangible Net Worth of the Successor is not less than the greater of the Tangible Net Worth of Tenant on the date hereof or the Tangible Net Worth of Tenant immediately preceding the effective date of such merger or consolidation, (D) “Purchaser” means any person or entity who or which acquires all or substantially all of the assets of Tenant, so long as the Tangible Net Worth of the Purchaser is not less than the greater of the Tangible Net Worth of Tenant as of the date hereof or the Tangible Net Worth of Tenant immediately preceding such acquisition; (E) “Permitted Transferee” means an Affiliate, Commercial Lender, Successor or Purchaser; and (F) “Tangible Net Worth” means the excess of total assets over total liabilities, in each case as determined in accordance with generally accepted accounting principles consistently applied (“GAAP”), excluding however, from the determination of total assets, all assets which would be classified as intangible assets under GAAP, including, without limitation, good will, licenses, patents, trademarks, trade names, copyrights and franchises.