Confirming Lender definition

Confirming Lender means, with respect to any Lender, any other Person which is listed on the NAIC Approved Bank List that has agreed, by delivery of an agreement between such Lender and such other Person in substantially the form of Exhibit B or any other form satisfactory to the Administrative Agent, to honor the obligations of such Lender in respect of a draft complying with the terms of a Syndicated Letter of Credit or a Non-Syndicated Letter of Credit, as the case may be, as if, and to the extent, such other Person were the “issuing lender” (in place of such Lender) named in such Syndicated Letter of Credit or Non-Syndicated Letter of Credit, as the case may be.
Sample 1Sample 2Sample 3
Confirming Lender means, with respect to any Lender, any other bank that has agreed, by delivery of an agreement in form and substance satisfactory to the Administrative Agent that such other bank will itself honor the obligations of such Lender in respect of a draft complying with the terms of a Syndicated Letter of Credit or a Non-Syndicated Letter of Credit, as the case may be, as if, and to the extent, such other bank were the "Issuing Lender" named in such Syndicated Letter of Credit or Non-Syndicated Letter of Credit, as the case may be.
Sample 1Sample 2
Confirming Lender means, with respect to any Lender, any other Person which is listed on the NAIC Qualified U.S. Financial Institutions List that has agreed, by delivery of an agreement between such Lender and such other Person in substantially the form of Exhibit VI or any other form reasonably satisfactory to the Administrative Agent, to honor the obligations of such Lender in respect of a draft complying with the terms of a Syndicated Letter of Credit as if, and to the extent, such other Person were an “issuing bank” (in place of such Lender) named in such Syndicated Letter of Credit.
Sample 1Sample 2Sample 3

Examples of Confirming Lender in a sentence

  • Accordingly, in order to be a “NAIC Approved Bank” for the purposes of the Credit Agreement, the Issuing Lender hereby requests that you be a Confirming Lender with respect to the Issuing Lender for the purposes of the Credit Agreement and each Syndicated Letter of Credit and Non-Syndicated Letter of Credit issued or continued thereunder.

  • At any time after the Effective Date in the event any Lender shall qualify as a NAIC Qualified U.S. Financial Institution hereunder by reason of entering into an agreement as contemplated hereby with a Confirming Lender which is a NAIC Qualified U.S. Financial Institution and such Confirming Lender ceases to be a NAIC Qualified U.S. Financial Institution, such Lender and such Confirming Lender shall promptly notify the Administrative Agent and the Borrower thereof.

  • By its signature below, the Confirming Lender undertakes that it will honor the obligations of the Issuing Lender in respect of any draft drawn under and in strict compliance with the terms of any Syndicated Letter of Credit issued under the Credit Agreement as if, and to the extent, the Confirming Lender were the Issuing Lender under the relevant Syndicated Letter of Credit.

  • The Issuing Lender’s obligations to reimburse the Confirming Lender as provided in the foregoing sentence shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this letter agreement under any and all circumstances whatsoever, and irrespective of any event or circumstance of the type described in Section 2.11B of the Credit Agreement (or of any analogous event or circumstance relating to the undersigned).

  • Accordingly, in order to be a “NAIC Approved Bank” for the purposes of the Credit Agreement, the Issuing Lender hereby requests that you (the “Confirming Lender”) be a Confirming Lender with respect to the Issuing Lender for the purposes of the Credit Agreement and each Syndicated Letter of Credit issued thereunder.

  • The Confirming Lender hereby represents that as of the date hereof it is listed on the most current List of Banks approved by the NAIC.

  • The Confirming Lender agrees that, promptly upon the request of the Administrative Agent, it will furnish to the Administrative Agent such powers of attorney or other evidence as any beneficiary of any Syndicated Letter of Credit may reasonably request in order to demonstrate that the Administrative Agent has the power to act as attorney-in-fact for the Confirming Lender in connection with the execution and delivery of such Syndicated Letter of Credit.

  • The Confirming Lender further agrees that it will promptly notify in writing the Issuing Lender, the Administrative Agent and the Borrower if at any time after the date hereof your institution ceases to be a NAIC Approved Bank.

  • Xxxxxx Title: Senior Vice President [SIGNATURE PAGE TO CONFIRMATION RELATED TO MOLSON-COORS CREDIT AGREEMENT] Name of Institution: ABN AMRO BANK N.V. as a Confirming Lender, by: /s/ XXXXXX X.

  • Xxxxxxx Title: Director Corporate Banking USA R089 [SIGNATURE PAGE TO CONFIRMATION RELATED TO MOLSON-COORS CREDIT AGREEMENT] Name of Institution: NORTHERN TRUST COMPANY as a Confirming Lender, by: /s/ XXXX X.


More Definitions of Confirming Lender

Confirming Lender means, with respect to any Lender, any other Person which is listed on the NAIC Approved Bank List that has agreed, by delivery of an agreement between such Lender and such other Person in substantially the form of Exhibit D or any other form satisfactory to the Administrative Agent, to honor the obligations of such Lender in respect of a draft complying with the terms of a Syndicated Letter of Credit or a Non-Syndicated Letter of Credit, as the case may be, as if, and to the extent, such other Person were the “issuing lender” (in place of such Lender) named in such Syndicated Letter of Credit or Non- Syndicated Letter of Credit, as the case may be.
Sample 1
Confirming Lender means, with respect to any Lender, any other bank listed on the NAIC Lender List that has agreed, by delivery of an agreement between such Lender and such other bank in substantially the form of Exhibit G or such other agreement in form and substance satisfactory to the Administrative Agent, that such other bank will itself honor the obligations of such Lender in respect of a draft complying with the terms of a Letter of Credit, as if, and to the extent, such other bank were an “issuing lender” (in place of such Lender) named in such Letter of Credit.
Sample 1
Confirming Lender means, with respect to any Lender, any other bank that has agreed, by delivery of an agreement in form and substance satisfactory to the Administrative Agent that such other bank will itself honor the obligations of such Lender in respect of a draft complying with the terms of a Syndicated Letter of Credit or a Non-Syndicated Letter of Credit, as the case
Sample 1
Confirming Lender means each Lender that delivered a signature page to Amendment No. 15 designating itself as a “Confirming Lender” on or prior to the Amendment No. 15 Effective Date and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption where a Confirming Lender is the assignor thereunder.
Sample 1
Confirming Lender means, with respect to any Lender, any other Person which is listed on the NAIC Approved Bank List that has agreed, by delivery of an agreement between such Lender and such other Person in substantially the form of Exhibit D or any other form satisfactory to the Administrative Agent, to honor the obligations of such Lender in respect of a
Sample 1
Confirming Lender means, with respect to any Lender, any other Person which is listed on the NAIC Approved Bank List that has agreed, by delivery of an agreement between such Lender and such other Person in substantially the form of Exhibit D or any other form satisfactory to the Administrative Agent, to honor the obligations of such Lender in respect of a 364-DAY CREDIT AGREEMENT draft complying with the terms of a Syndicated Letter of Credit or a Non-Syndicated Letter of Credit, as the case may be, as if, and to the extent, such other Person were the "issuing lender" (in place of such Lender) named in such Syndicated Letter of Credit or Non-Syndicated Letter of Credit, as the case may be.
Sample 1

Related to Confirming Lender

  • Assuming Lender has the meaning specified in Section 2.18(d).

  • New Lender as defined in Section 2.1(c).

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Exiting Lender see Section 2.17.7.

  • Increasing Lender has the meaning specified in Section 2.18(b).

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • Additional Commitment Lender shall have the meaning provided in Section 2.15(c).

  • Continuing Lender as defined in Section 2.17(a).

  • Refinancing Lender means, at any time, any bank, other financial institution or institutional investor that agrees to provide any portion of any Credit Agreement Refinancing Indebtedness pursuant to a Refinancing Amendment in accordance with Section 2.28; provided that each Refinancing Lender (other than any Person that is a Lender, an Affiliate of a Lender or an Approved Fund of a Lender at such time) shall be subject to the approval of the Administrative Agent and each Issuing Bank (in the case of Other Refinancing Revolving Commitments or Other Refinancing Revolving Loans) (such approval not to be unreasonably withheld or delayed), in each case to the extent any such consent would be required from the Administrative Agent and each Issuing Bank (in the case of Other Refinancing Revolving Commitments or Other Refinancing Revolving Loans) under Section 10.4(b) for an assignment of Loans or Commitments to such Refinancing Lender.

  • Extending Lender shall have the meaning assigned to such term in Section 2.21(e).

  • Approved Lender is defined in Section 12.1.

  • Purchasing Lender shall have the meaning set forth in Section 16.3(c) hereof.

  • Incremental Lender has the meaning assigned to such term in Section 2.22(b).

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • Declining Lender has the meaning specified in Section 2.05(c).

  • Replacement Lender shall have the meaning provided in Section 2.13.

  • VA Approved Lender means a lender which is approved by the VA to act as a lender in connection with the origination of VA Loans.

  • Impacted Lender means any Lender as to which (a) L/C Issuer has a good faith belief that the Lender has defaulted in fulfilling its obligations under one or more other syndicated credit facilities or (b) an entity that controls the Lender has been deemed insolvent or become subject to a bankruptcy or other similar proceeding.

  • Consenting Lender has the meaning specified in Section 2.19(b).

  • Increase Lender has the meaning given to that term in Clause 2.2 (Increase).

  • Existing Lenders has the meaning specified in the recitals hereto.

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

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

  • Selling Lender has the meaning specified in Section 11.7 (