Declining Revolving Lender definition

Declining Revolving Lender has the meaning assigned to that term in Section 2.11(b).
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Declining Revolving Lender shall have the meaning assigned to such term in the Amendment Agreement.
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Declining Revolving Lender shall have the meaning provided in Section 1.15(a).
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Examples of Declining Revolving Lender in a sentence

  • Any Revolving Lender that has not so advised the Borrower and the Administrative Agent by such day shall be deemed to have declined to agree to such extension and shall be a Declining Revolving Lender.

  • The Borrower shall pay to the Administrative Agent for the account of each Declining Revolving Lender the then unpaid principal amount of such Declining Revolving Lender’s Revolving Loans outstanding on the Existing Stated Termination Date (and pay any additional amounts required pursuant to Section 3.5).

  • The Revolving Credit Commitments and Revolving Loans (if any) of each Declining Revolving Lender shall remain outstanding as Revolving A Credit Commitments and Revolving A Loans.

  • The Revolving Loan Commitment of any Declining Revolving Lender shall terminate on the Existing Revolving Maturity Date.

  • Pursuant to Section 2.23 of the Credit Agreement, Original Maturity Revolving Commitments of each Declining Revolving Lender shall, immediately upon the Revolving Loan Upsize and Extension Effective Date, be terminated and/or purchased and assumed by a New Revolving Loan Commitment Lender or Extending Revolving Lender and any outstanding Revolving Loans of each such Declining Revolving Lender shall be repaid in full (together with any unpaid fees and interest accrued thereon).

  • The Revolving Credit Commitment of each Declining Revolving Lender shall remain outstanding as a Revolving A Credit Commitment of like outstanding principal amount.

  • The Revolving Loan Commitment of any Declining Revolving Lender shall terminate on the Existing Maturity Date.

  • The Revolving B Credit Commitments of each Declining Revolving Lender shall be terminated and shall no longer constitute Revolving B Credit Commitments.

  • For the avoidance of doubt, commencing on the Restatement Date, (A) each Revolving Credit Commitment of an Extending Revolving Lender shall be treated for all purposes as a Revolving C Credit Commitment and (B) each Revolving Credit Commitment of a Declining Revolving Lender shall be treated for all purposes as a Revolving B Credit Commitment.


More Definitions of Declining Revolving Lender

Declining Revolving Lender has the meaning specified in Section 2.10(k)(iv).
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Declining Revolving Lender as defined in Section 2.3(c).
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Related to Declining Revolving Lender

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

  • New Revolving Lender as defined in Section 2.24.

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

  • Refinancing Revolving Lender has the meaning assigned to such term in Section 2.26(a).

  • Additional Revolving Lender means any Lender with an Additional Revolving Credit Commitment or any Additional Revolving Credit Exposure.

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.

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

  • 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.

  • U.S. Revolving Lender means a Lender with a U.S. Revolving Commitment or, if the U.S. Revolving Commitments have terminated or expired, a Lender with U.S. Revolving Exposure.

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

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

  • Requisite Revolving Lenders means Lenders having (a) more than 50% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Revolving Loan.

  • 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.

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Lender means a Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving Exposure.

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

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Existing Revolving Commitments has the meaning specified in Section 2.17(b).

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

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Canadian Revolving Commitment means, as to each Canadian Revolving Lender, its obligation to make Canadian Revolving Loans to the Canadian Borrower pursuant to Section 2.01, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Canadian Revolving Lender’s name on Schedule 2.01, in the Assignment and Assumption or other agreement pursuant to which such Canadian Revolving Lender becomes a party hereto, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Revolving Credit Lender means, at any time, any Lender that has a Revolving Credit Commitment at such time.

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