Decreasing Lender definition

Decreasing Lender shall have the meaning given to that term in Section 2.01(b)(v).

Decreasing Lender has the meaning assigned to such term in Section 2.23(f).

Decreasing Lender shall have the meaning given to that term in Section 2.17(f).

Examples of Decreasing Lender in a sentence

• Xxxxxxxxxx Title: Authorized Signatory Third Amendment to Credit Agreement ANNALY MIDDLE MARKET LENDING LLC, as a Decreasing Lender By: /s/ Xxxxx X.

• Subject to the conditions to Borrowings set forth herein and in the Credit Agreement, each Decreasing Lender and each Increasing Lender agrees to fund Loans on the Effective Date in an amount equal to its Pro Rata Share (as set forth in Schedule 2.01 attached hereto) of the Borrowings requested by the Borrower on such date, in each case in an amount up to its Commitment as shown on Schedule 2.01.

• On and as of the Effective Date: (a) Schedule 2.01 attached to the Existing Credit Agreement shall be amended to read as set forth on Schedule 2.01 attached hereto, (b) each Decreasing Lender agrees that its Commitment shall decrease to the amount set forth opposite its name on Schedule 2.01 attached hereto, and (c) each Increasing Lender agrees that its Commitment shall increase to the amount set forth opposite its name on Schedule 2.01 attached hereto.

• The Decreasing Lender hereby reduces its Revolving Commitment from $25,000,000 to $10,000,000.

• If, as a result of the payment by the New Lender provided for in this Section 5, any payment of Eurodollar Rate Loans held by a Decreasing Lender occurs on a day which is not the last day of the applicable Interest Period, the Borrower will pay to the Administrative Agent for the benefit of any Decreasing Lender holding a Eurodollar Rate Loan any loss or cost incurred by such Lender resulting therefrom in accordance with Section 3.05 of the Credit Agreement.

• Each Exiting Lender and Decreasing Lender represents and warrants to each New Lender and Increasing Lender that it has not created any adverse claim upon the interest being assigned by it to such Lender hereunder and that such interest is free and clear of any adverse claim created by such Exiting Lender or Decreasing Lender.

• The amount of each Lender’s total Revolver Commitment, as amended in the case of each Increasing Lender and the Decreasing Lender, is the amount set forth opposite the name of such Lender on Schedule 2.01.

• The Administrative Agent shall deliver to each Increasing Lender and the Decreasing Lender a replacement Revolver Note in the amount of such Increasing Lender’s or Decreasing Lender’s, as applicable, Revolver Commitment (such replacement Revolver Note is hereinafter referred to as the “Replacement Note”), executed by the Borrower, as each Increasing Lender or the Decreasing Lender, as applicable, may require.

• Without limiting the generality of the foregoing, each of CLFCC and each Decreasing Lender hereby makes the representations and warranties required to be made under such Annex I by an Assignee and Assignor, respectively, with respect to the Assigned Interests being assumed or assigned by such Lender hereunder.

• The term “Assignor” means each Decreasing Lender; and the term “Assignee” means each New Lender and each Increasing Lender.

More Definitions of Decreasing Lender

Decreasing Lender as defined in Section 2.19(e).

Decreasing Lender means each Existing Lender whose Commitment shown on Schedule 2.01 attached hereto is less than its Commitment set forth in Schedule 2.01 attached to the Existing Credit Agreement; “Increasing Lender” means each Existing Lender whose Commitment shown on Schedule 2.01 attached hereto is greater than its Commitment set forth in Schedule 2.01 attached to the Existing Credit Agreement.

Decreasing Lender shall have the meaning given to that term in Section 2.01(b)(v). “Default” shall mean an Event of Default or any event or circumstance not yet constituting an Event of Default which, with the giving of any notice or the lapse of any period of time or both, would become an Event of Default. ​

Decreasing Lender has the meaning defined in Section 2.01.

Decreasing Lender shall have the meaning given to that term in Section 2.17(f). “Default” shall mean an Event of Default or any event or circumstance not yet constituting an Event of Default which, with the giving of any notice or the lapse of any period of time or both, would become an Event of Default. “Defaulting Lender” shall mean, subject to Section 2.16(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the

Decreasing Lender has the meaning assigned to such term in Section 2.23(f). “Debtor Relief Law” means the Bankruptcy Code of the United States of America and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect. “Default” means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default. “Defaulting Lender” means, subject to Section 2.24(b), any Lender that (a) has failed to (i) fund all or any portion of the Loans, participations in LC Exposure or participations in Swingline Loans required to be funded by it hereunder within two Business Days of the date such Loans or participations were required to be funded hereunder unless such Lender notifies the Administrative Agent and the U.S. Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, the Issuing Bank, the Swingline Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Loans) within two Business Days of the date when due, (b) has notified any Borrower, the Administrative Agent, the Issuing Bank or the Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the U.S. Borrower, to confirm in writing to the Administrative Agent and the U.S. Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to th...