Converting Lenders definition

Converting Lenders means each Existing Term Lender that (a) executes this Refinancing Amendment by selecting option A on its signature page hereto and (b) has a 2018 Other Term Commitment.
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Converting Lenders means a Converting 2007 Term Loan Lender, a Converting February 2012 Term Loan Lender, a Converting May 2012 Term Loan Lender and/or a Converting 2012 Incremental Term Loan Lender, as the context may require.
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Converting Lenders means, as the context requires, in connection with the Fourth Amendment, the Converting Term B-9 Lenders and the Converting Term B-10 Lenders, as applicable.
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Examples of Converting Lenders in a sentence

  • The Successor Administrative Agent has notified each Converting Lender and each Initial Term B Facility Lender of its allocated Initial Scheduled Term B Loan Commitment, and each of the Fronting Term B Lender and the Converting Lenders has provided its consent to the terms set forth in this agreement to each of the Original Administrative Agent and the Successor Administrative Agent.

  • Each such Converting Lender hereby agrees that all of its Existing Term Loans (or a lesser amount allocated to such Converting Lenders by the Administrative Agent on or prior to the First Amendment Effective Date) will be automatically exchanged for a like principal amount of 2024 Refinancing Term Loans on the First Amendment Effective Date.

  • Ultimate Holdings and any Converting Lenders shall, acting in good faith and in a commercially reasonable manner, jointly determine the number of Conversion Payment Shares with respect to any Conversion; provided that if Ultimate Holdings and such Converting Lenders cannot promptly agree on the number of Conversion Payment Shares with respect to such Conversion then they shall use their good faith efforts to jointly appoint a Calculation Agent to determine such number with respect to such Conversion.

  • Each such Converting Lender hereby agrees that all of its Existing Term Loans (or a lesser amount allocated to such Converting Lenders by the Administrative Agent on or prior to the Amendment Effective Date) will be automatically exchanged for a like principal amount of 2018 Refinancing Term Loans on the Amendment Effective Date.

  • New Tranche B-2 Term Lender and duly executed signature pages of the Increasing Tranche B-2 Term Lenders, such that, upon execution by all New Tranche B-2 Lenders, Converting Lenders and Increasing Tranche B-2 Term Lenders, the aggregate principal amount of the Tranche B-2 Term Loans is equal to the principal amount of the Tranche B Term Loans outstanding immediately prior to the effectiveness of the amendments, acknowledgement, and agreements contained herein.

  • Each of the Amendment No. 3 Converting Lenders hereby agrees that each of their Converted Term Loans shall be deemed to be Term C-2 Loans on the Amendment No. 3 Effective Date as described in Exhibit A hereto.

  • The Increasing Lenders and New Lenders will promptly purchase (for cash at face value) assignments of portions of such Letters of Credit Outstanding and outstanding 2014 Loans of Converting Lenders so that, after giving effect thereto, the share of the Letters of Credit Outstanding and 2014 Loans held by each 2014 Lender is in accordance with its then-current Revolving Facility Percentage, and such payments are a condition to the effectiveness of such deemed assignments.

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  • To the extent the Converting Lender's New Allocation Amount is less than the Converting Lender's Original Term Loans or Original Revolving Loans, as applicable, of the relevant Class, such Converting Lender will be repaid on the Restatement Date, if and when such date occurs.

  • In particular, Commtouch shall (i) cause its transfer agent to issue the Ordinary Shares listed in Column B next to each Converting Lender's name on Appendix "A" hereto and (ii) issue Warrants on the aforementioned additional interest, being 100% warrant coverage, with 1/3 exercisable at each of $0.25, $0.33 and $0.50, in accordance with the terms of the Agreement, in the amounts and at the prices set forth in Column D next to each Converting Lender's name on Appendix "A".


More Definitions of Converting Lenders

Converting Lenders means each Existing Term Lender that (a) executes this Refinancing Amendment by selecting boxes A and B on the Lender Election Form submitted by such Existing Term Lender in connection with this Refinancing Amendment on or prior to the Fourth Amendment Effective Date and attached hereto and (b) has a 2023 Other Term Commitment.
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Converting Lenders means, as the context requires, (i) in connection with the Third Amendment, the Converting Term B-7 Lenders and the Converting Term B-8 Lenders, as applicable, and (ii) in connection with the Fourth Amendment, the Converting Term B-9 Lenders and the Converting Term B-10 Lenders, as applicable.
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Converting Lenders means such term as defined in Section 2.01(a)(iii).
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Converting Lenders means each Existing Term Lender that (a) executes this Refinancing Amendment by selecting option A on its signature page hereto and (b) has a 2020 Other Term Commitment. (vii) “Non-Converting Lenders” means each Existing Term Lender that is not a Converting Lender. (viii) “Non-Converting Portion” means, with respect to any Converting Lender whose Conversion Amount is less than the outstanding principal amount of its Existing Term Loans on the Second Refinancing Amendment Effective Date, the excess (if any) of the aggregate principal amount of such Converting Lender’s Existing Term Loans over its 2020 Other Term Commitment. For the avoidance of doubt, if there is no such excess, the Non-Converting Portion with respect to such Converting Lender will be zero. The Non-Converting Portion will be determined by the Administrative Agent in consultation with the Borrower and all such determinations (absent manifest error) shall be final, conclusive and binding on the Administrative Agent, the Borrower, the Lenders and the other Secured Parties, and the Administrative Agent and the Borrower shall have no liability to any Person with respect to any such determination.
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Converting Lenders means the Converting Term B-7 Lenders and the Converting Term B-8 Lenders, as applicable.
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Converting Lenders means those certain Holders (or an advisor, nominee, or investment manager for beneficial holder(s)) of Prepetition Credit Agreement Claims that elect to convert all or a portion of their funded Prepetition Credit Agreement Claims into an applicable share of the New Second Lien Term Loan by making the New Second Lien Term Loan Election and, for the avoidance of doubt, includes each Backstop Lender.
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Related to Converting Lenders

  • Extending Lenders has the meaning specified in Section 2.08.

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Consenting Lenders has the meaning specified in Section 2.13(b).

  • New Revolving Lender has the meaning specified in Section 2.18(c).

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

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

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

  • Term Loan Lenders means the lenders from time to time party to the Term Loan Agreement.

  • Refinancing Revolving Lender as defined in Section 2.26(a).

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

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

  • Revolving Credit Lenders means, collectively, all of the Lenders with a Revolving Credit Commitment.

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

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Extending Revolving Lender shall have the meaning given to such term in Section 2.22(a)(iii).

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

  • New Revolving Credit Lender has the meaning specified in Section 2.14(a).

  • Extending Revolving Credit Lender has the meaning set forth in Section 2.16(c).

  • 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.

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

  • Term Loan Lender means a Lender with a Term Loan Commitment or a Term Loan.

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

  • 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.

  • Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Term Loans of such Lender; provided, at any time prior to the making of the Term Loans, the Term Loan Exposure of any Lender shall be equal to such Lender’s Term Loan Commitment.

  • Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class as a result of an Incremental Revolving Credit Commitment.

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.