Covenant Lender definition

Covenant Lender means a Lender under a Covenant Facility.
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Covenant Lender means a Lender under a Covenant Facility. “Covered Party” shall have the meaning assigned to such term in Section 9.25. “Credit Event” shall have the meaning assigned to such term in Article IV. “Cumulative Credit” shall mean, at any date, an amount, not less than zero in the aggregate, determined on a cumulative basis equal to, without duplication (and without duplication of amounts that otherwise increased the amount available for Investments pursuant to Section 6.04): (a) $200,000,000, plus
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Covenant Lender means a Lender under a Covenant Facility. “Covered Entity” means any of the following:
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Examples of Covenant Lender in a sentence

  • The Agent (or its counsel) shall have received from each Borrower, the Agent and each Required Financial Covenant Lender either (i) a counterpart of this Amendment signed on behalf of such party or (ii) written evidence satisfactory to the Agent (which may include facsimile transmission of a signed signature page of this Amendment) that such party has signed a counterpart of the Amendment.

  • In the event that any Appraisal obtained by Lender pursuant to the terms of this Agreement reveals an Appraised Value which would result in a breach of the LTV Covenant, Lender shall promptly notify Borrower.

  • Prior to declaring an Event of Default on the basis of a breach of the Loan to Value Covenant, Lender shall notify Borrower of any violation of the Loan to Value Covenant and the amount by which the Revolving Commitment is suppressed, together with the amount the Note or Notes are required to be prepaid to cure the related breach.

  • The Parent Borrower shall have paid to the Administrative Agent, for the account of each Required Covenant Lender that submits its consent hereto to the Administrative Agent prior to 5:00 p.m. New York City time on April 24, 2020, a consent fee in an amount equal to 0.125% of the aggregate principal amount of Revolving Loan Commitments, Revolving Credit Loans and New Term A Loans held by such consenting Lender immediately prior to the effectiveness of this Amendment.

  • If the Impact Report for any Reporting Period reveals that Borrower is not in compliance with any Impact Covenant, Lender may increase the interest rate of the Loan by [one half percent (0.5%)].

  • Borrower hereby acknowledges that Lender has made no agreement or commitment to waive the DSCR Covenant beyond the reporting period referenced above and upon any future violation of the DSCR Covenant, Lender shall have the immediate and unconditional right to exercise its rights and remedies under the Loan Documents.

Related to Covenant Lender