Continuing Term Lender definition

Continuing Term Lender means a Lender with an Initial Term B Loan Commitment that is an “Initial Term B Lender” under and as defined in the Previous Credit Agreement on the Closing Date. A Continuing Term Lender continues its Existing Term Loans under the Previous Credit Agreement as Initial Term B Loans to the Borrower under this Agreement on the Closing Date pursuant to Section 2.01(a).

Continuing Term Lender as defined in the recitals.

Continuing Term Lender as defined in Section 2.1(a).

Examples of Continuing Term Lender in a sentence

• For the avoidance of doubt, the Existing Term Loans of a Continuing Term Lender must be continued in whole and may not be continued in part unless approved by the Lead Arranger.

• For the avoidance of doubt, the Existing Term Loans of a Continuing Term Lender must be continued in whole and may not be continued in part unless approved by the Administrative Agent.

• The “Continuing Term Loan Commitment” of any Continuing Term Lender will be the amount of its Existing Term Loans as set forth in the Register immediately prior to giving effect to the Effective Date (or such lesser amount as allocated to it by the Administrative Agent and notified to it on or prior to the Effective Date), which shall be continued as an equal amount of Continued Term Loans (it being understood that no cash will be advanced as part of any continuation of Continued Term Loans).

• The Borrower shall give notice to the Administrative Agent of the proposed Effective Date not later than one Business Day prior thereto, and the Administrative Agent shall notify each Continuing Term Lender and each Replacement Term Lender thereof.

• For the avoidance of doubt, (x) the Existing Term Loans of a Continuing Term Lender must be continued in whole and may not be continued in part unless approved by the Lead Arranger and (y) the Existing Revolving Commitments of a Continuing Revolving Lender must be continued in whole and may not be continued in part unless approved by the Lead Arranger.

More Definitions of Continuing Term Lender

Continuing Term Lender. By: Name: Title: For any institution requiring a second signature line: By: Name: Title: 114177.03-TORSR01A This Lender Addendum (Additional Term Lender) (this “Lender Addendum”) is referred to in, and is a signature page to, the Third Amendment (the “Amendment”) to the Credit Agreement, dated as of August 30, 2016 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among ESH Hospitality, Inc. (the “Borrower”), the other Guarantors party thereto from time to time, the lenders party thereto from time to time (the “Lenders”) and Deutsche Bank AG New York Branch, as administrative agent (in such capacity, the “Administrative Agent”), collateral agent and L/C Issuer. Capitalized terms used but not defined in this Lender Addendum have the meanings assigned to such terms in the Amendment or the Credit Agreement, as applicable. By executing this Lender Addendum as an Additional Term Lender, the undersigned institution agrees (A) to the terms of the Amendment and the Credit Agreement as amended thereby, (B) on the terms and subject to the conditions set forth in the Amendment and the Credit Agreement as amended thereby, to make and fund Third Repriced Term Loans on the Third Amendment Effective Date in the amount of such Additional Term Lender’s Repriced Term Commitment and (C) that on the Third Amendment Effective Date it is subject to, and bound by, the terms and conditions of the Credit Agreement and other Loan Documents as a Lender thereunder.

Continuing Term Lender means each Term Lender (other than the New Term Lender in its capacity as such) that at or prior to the Amendment No. 3 Effective Date provided the Administrative Agent with a counterpart to Amendment No. 3 executed by such Lender.

Continuing Term Lender as defined in Section 2.2(b)(i)the First Amendment.

Continuing Term Lender any Lender that holds Existing Term Loans prior to the Restatement Effective Date and elects to continue such Existing Term Loans as Amended Term Loans from and after the Restatement Effective Date. Any Continuing Term Lender shall be deemed to be an Amended Term Lender from and after the Restatement Effective Date.

Continuing Term Lender means an Existing Term Loan lender under the Existing Credit Agreement that has delivered a Lender Consent Letter.

Continuing Term Lender. By: _____________________________________ Name: Title: For any institution requiring a second signature line: By: ______________________________________ Name: Title:

Continuing Term Lender as defined in Section 2.2(b)(i).