Declining Term Lender definition

Declining Term Lender shall have the meaning assigned to such term in Section 2.10(d).
Declining Term Lender has the meaning assigned to such term in Section 2.08(f).
Declining Term Lender has the meaning specified in Section 2.05(b)(x).

Examples of Declining Term Lender in a sentence

  • The Term Loans of each Declining Term Lender shall remain outstanding as Term A Loans.

  • The Term B-1 Loans of each Declining Term Lender shall remain outstanding as Term B-1 Loans.

  • Any Declining Term Lender may elect, by delivering, not less than one (1) Business Day prior to the proposed prepayment date, a written notice, that such Lender’s ratable portion of such Declined Prepayment Amount not be applied to repay such Lender’s Term Loans, in which case the portion of such Declined Prepayment Amount which would otherwise have been applied to such Term Loans of the Declining Term Lenders shall instead be retained by the Borrower and may be used pursuant to the Available Amount.

  • Any Term 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 Term Lender.


More Definitions of Declining Term Lender

Declining Term Lender each Tranche B-2 Lender as of immediately prior to the Amendment No. 1 Effective Date that is not an Extending Term Lender.
Declining Term Lender shall have the meaning assigned to such term in the Amendment Agreement.

Related to Declining Term Lender