Delayed Funding Lender definition

Delayed Funding Lender shall have the meaning set forth in Section 2.4(E).

Delayed Funding Lender. As of any date of determination, each Lender party to this Agreement.

Delayed Funding Lender means a Committed Lender that delivers a Delayed Funding Certificate in accordance with to Section 2.02(g).

Examples of Delayed Funding Lender in a sentence

• Such designation shall remain in effect until such time as the related Delayed Funding Lender Agent issues a written notice to the Administrative Agent and the Servicer withdrawing such designation (a “Delayed Funding De-Designation Notice”) which notice shall be effective as of the date of such notice or as of such later date specified therein (the “Delayed Funding De-Designation Date”).

• For the avoidance of doubt, the Borrower acknowledges and agrees that the “charges” provided for in the Delayed Funding Notice pursuant to clause (x) above may be external charges incurred by the Delayed Funding Lender or internal charges incurred by any business of the Delayed Funding Lender’s interests or obligations hereunder.

• Notwithstanding anything contained herein to the contrary, the Delayed Funding Lender shall be required to fund the Delayed Loan Amount on the Delayed Funding Date subject to satisfaction of the conditions precedent set forth in Section 4.3.

• Such Delayed Funding Lender shall fund such Delayed Funding Reimbursement Amount on such Delayed Funding Date by paying such amount to the Administrative Agent in immediately available funds, and the Administrative Agent shall distribute such funds to each such Non-Delayed Funding Lender, pro rata based on the relative amount of such Delayed Amount funded by such Non-Delayed Funding Lender on such Funding Date pursuant to Section 2.4(F).

• No Delayed Funding Lender shall be considered to be in default of its obligation to fund its Delayed Loan Amount hereunder unless and until it has failed to fund the Delayed Loan Amount on or before the Delayed Funding Date.

• Each Lender that is not a Delayed Funding Lender with respect to such Borrowing Date shall have no requirement to fund the excess of the requested Loans over the Delayed Loan Amount on behalf of the Delayed Funding Lender.

• For the avoidance of doubt, the SPV acknowledges and agrees that the “charges” provided for in the Delayed Funding Notice pursuant to clause (x) above may be external charges incurred by the Delayed Funding Lender or internal charges incurred by any business of the Delayed Funding Lender’s interests or obligations hereunder.

• In the event that any Lender (i) requests payments of amounts payable pursuant to Section 9.2 and such Lender declines or is unable to designate a different lending office in accordance with Section 9.4 or (ii) is a Delayed Funding Lender, then the SPV may, in its sole discretion, on any Settlement Date upon at least thirty (30) days’ notice to the Facility Agent (with a copy to such Lender), terminate such Lender’s Commitment in whole.

More Definitions of Delayed Funding Lender

Delayed Funding Lender is defined in Section 2.2(c).

Delayed Funding Lender has the meaning set forth in Section 2.03(f). “Delayed Funding Notice” has the meaning set forth in Section 2.03(f). “Delayed Funding Notice Date” has the meaning set forth in Section 2.03(f). 747656567 17557858 19 Fifth Amended and Restated Warehouse Loan Agreement

Delayed Funding Lender has the meaning set forth in Section 2.03(f). “Delayed Funding Notice” has the meaning set forth in Section 2.03(f). “Delayed Funding Notice Date” has the meaning set forth in Section 2.03(f). “Delaying Lender” has the meaning set forth in Section 2.03(f). “Depositary” means Wilmington Trust Company, or a successor thereto appointed pursuant to the Depository Agreement. “Depositary’s Office” means the Depositary’s address as set forth and identified as such in Schedule 11.01, or such other address as the Depositary may from time to time notify to the Agent, the Borrower and the Lenders. “Depository Account” means the Depository Account established by the Depositary pursuant to the Depository Agreement.