Departing Lender definition

Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

Departing Lender has the meaning specified in Section 2.19.

Departing Lender has the meaning assigned to such term in Section 2.19(b).

Examples of Departing Lender in a sentence

• A Departing Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrowers to require such assignment and delegation cease to apply.

• The consent of a Departing Lender is not required to give effect to the changes contemplated by this Amendment.

• Upon any assignment by any Lender pursuant to this Section 3.5 becoming effective, the Replacement Lender shall thereupon be deemed to be a “Lender” for all purposes of this Agreement (unless such Replacement Lender was, itself, a Lender prior thereto) and such Departing Lender shall thereupon cease to be a “Lender” for all purposes of this Agreement and shall have no further rights or obligations hereunder (other than pursuant to Section 3.2 or 3.4 and Section 10.6).

• A Departing Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply.

• Each Departing Lender required to make an assignment pursuant to this Section 2.19 shall promptly execute and deliver an Assignment and Acceptance with the applicable Replacement Lender.

More Definitions of Departing Lender

Departing Lender means each “Lender” under the Existing Credit Agreement that is not continuing as a Lender under this Agreement upon the effectiveness of this Agreement on the Restatement Effective Date.

Departing Lender means each lender under the Existing Credit Agreement that does not have a Commitment hereunder and is identified on the Departing Lender Schedule hereto.

Departing Lender has the meaning set forth in Section 9.19.

Departing Lender shall have the meaning assigned to such term in Section 2.26.

Departing Lender each lender under the Prior Credit Agreement that does not have a Commitment hereunder and is identified on Schedule 1.1B.

Departing Lender means each lender under the Existing Credit Agreement that does not have a Commitment hereunder and is identified on Schedule 2.01C hereto.

Departing Lender has the meaning specified in the Preliminary Statement in this Agreement.