Commercial Lenders definition

Commercial Lenders means banks and financial institutions listed as the Commercial Lenders in Schedule 1 (Lenders and Commitments) and any New Lender, which in each case has not ceased to be a Party in accordance with the terms of this Agreement, but for the avoidance of doubt excluding Eksportfinans ASA.

Commercial Lenders means the lenders detailed in Schedule 1 as Commercial Lenders together with any New Lenders in respect of a Commercial Loan.

Commercial Lenders means DNB Bank ASA and Nordea Bank Norge ASA.

Examples of Commercial Lenders in a sentence

• If the Commercial Lenders Guarantee is not issued by the expiry of the Availability Period-Commercial Lenders’ Guarantee, the Guarantee Facility Commitment shall automatically be cancelled at the same time.

• Any such prepayments shall be applied pro rata between the Commercial Lenders.

• On the Final Maturity Date Revolving Credit Facility the Borrower shall pay to the Agent on behalf of the Commercial Lenders all amounts then still outstanding under the Revolving Credit Facility.

• The Borrower shall pay to the Agent (for further distribution to the Commercial Lenders on a prorate basis) a non-refundable fee of USD 200,000.- payable on the Effective Date.

• On the Final Maturity Date Loan B the Borrower shall pay to the Agent on behalf of the Commercial Lenders all amounts then still outstanding under Loan B.

More Definitions of Commercial Lenders

Commercial Lenders means commercial banks engaged in oil and gas reserve-based lending as part of their respective businesses.

Commercial Lenders means collectively the banks and financial institutions (other than KEXIM) whose names and addresses are listed in Schedule 1 and includes their respective successors in title and New Lenders and “Commercial Lender” means any one of them individually;

Commercial Lenders has the meaning given to it in the Common Terms Agreement;

Commercial Lenders means commercial banks engaged in oil and gas reserve-based lending as part of their respective businesses. “Commitment” means, with respect to each Lender, its obligation to make an Advance to the Borrower hereunder, expressed as anamount representing the maximum principal amount of the Advance to be made by such Lender hereunder, as such commitment may bemodified from time to time pursuant to Section 2.03 or Article VII or otherwise under this Agreement, including pursuant to assignments by or to such Lender pursuant to Section 9.07(b). The amount of each Lender’s Commitment on the Closing Date (before giving effect to the Borrowing on the Closing Date) is set forth opposite such Lender’s name on Annex I.

Commercial Lenders means commercial banks, institutional investors and institutionally managed funds engaged in oil and gas lending in the ordinary course of their respective businesses (including, for the avoidance of doubt, Royal Bank of Canada and GSO Capital Partners LP).

Commercial Lenders means Business Development Bank of Canada (BDC), Export Development Canada (EDC), Mitsui, Naxos Capital, Sofinnova Capital, HSBC Bank and/or any of the banks listed at Schedule I of the Bank Act (Canada);

Commercial Lenders has the meaning ascribed to the term "Lenders" in the Commercial Loan Agreement;