Declining Lenders definition

Declining Lenders is defined in Section 2.6(c).

Declining Lenders means, for the purposes of Section 2.4, Lenders that decline a request to extend the Maturity Date under Section 2.4(b) or do not respond to the request within the time periods referred to in Section 2.4 (for which they shall have no liability) and are thereby deemed to have declined the request.

Declining Lenders means, for the purposes of Section 9.8, Lenders that decline a request for consent of all Lenders under Section 9.7(3) or do not respond to the request within the time period referred to in Section 9.8 (for which they shall have no liability) and are thereby deemed to have declined the request.

Examples of Declining Lenders in a sentence

• The Agent shall promptly notify each Extending Lender of the aggregate Commitments of the Declining Lenders.

• On any Prepayment Date, an amount equal to the Prepayment Amount minus the portion thereof allocable to Declining Lenders, in each case for such Prepayment Date, shall be paid to the Administrative Agent by the Borrower and applied by the Administrative Agent ratably to prepay Term Loans under the Term Loan Tranches owing to Appropriate Lenders (other than Declining Lenders) in the manner described in Section 2.05(b) for such prepayment.

• The Administrative Agent shall promptly notify each Extending Lender of the aggregate Commitments of the Declining Lenders.

• If only one Approving Lender gives an Acquisition Notice to the Administrative Agent or if more than one Approving Lender gives an Acquisition Notice to the Administrative Agent but the aggregate of their Desired Acquisition Amounts is less than or equal to the Available Amount, then each such Approving Lender shall be entitled to acquire its Desired Acquisition Amount of the rights and obligations of the Declining Lenders under the Credit Documents.

• If more than one Approving Lender gives an Acquisition Notice to the Administrative Agent and the aggregate of the Desired Acquisition Amounts is greater than the Available Amount, then each such Approving Lender shall be entitled to acquire a pro rata share of the rights and obligations of the Declining Lenders under the Credit Documents, such pro rata share being determined based on the relative Desired Acquisition Amount of each such Approving Lender.

More Definitions of Declining Lenders

Declining Lenders has the meaning specified in Section 2.06(c).

Declining Lenders as defined in Section 2.19.

Declining Lenders has the meaning defined in Section 19.3.2;

Declining Lenders have the meaning assigned to such terms in Section 2.18 hereof.

Declining Lenders shall have the meaning provided in Section 5.2(h).

Declining Lenders is defined in Section 2.24(b).

Declining Lenders in respect of such Conversion to Approving Lenders Date) and (ii) the other Dollar Working Capital Facility Uncommitted Tranche Lender or Dollar Working Capital Facility Uncommitted Tranche Lenders approve (or are deemed to approve as provided in this Section 4.22(a)) further Dollar Working Capital Facility Uncommitted Tranche Loans or the further issuances of, extensions of, automatic renewal of or amendments to Dollar Working Capital Facility Uncommitted Tranche Letters of Credit, the Administrative Agent shall promptly notify the Dollar Working Capital Facility Uncommitted Tranche Lenders. With respect to any Conversion to Approving Lender Date, any Dollar Working Capital Facility Uncommitted Tranche Lender that has not provided a Declining Lender Notice to the Administrative Agent as of 10:00 a.m. on such date shall automatically, without any action on the part of any Person, be deemed an “Approving Lender” with respect to such Conversion to Approving Lender Date. Each Approving Lender shall (x) with respect to any Dollar Working Capital Facility Uncommitted Tranche Loan, make available (as provided in Section 2.5(d)) its Dollar Working Capital Facility Uncommitted Tranche Percentage of such requested Dollar Working Capital Facility Uncommitted Tranche Loan (in an amount determined pursuant to Section 2.5(d)) and (y) with respect to any Dollar Working Capital Facility Uncommitted Tranche Letter of Credit for which such Approving Lender is the Dollar Working Capital Facility Uncommitted Tranche Issuing Lender, renew or issue such Letter of Credit in an amount consistent with and as provided by Section 3.1(B) (or with respect USActive 56005294.156005294.9 -167-