Departing Lenders definition

Departing Lenders has the meaning assigned to such term in the preamble to this Agreement.

Departing Lenders is defined in Section 11.29 hereof.

Departing Lenders means Lenders, if any, that desire to assign all of their rights and obligations as Lenders under the Credit Agreement to the other Lenders and to no longer be parties to the Credit Agreement.

Examples of Departing Lenders in a sentence

• All Lenders agree and acknowledge that notwithstanding any other provision of the Prior Credit Agreement to the contrary, only Departing Lenders shall receive full repayment of their “Obligations” under the Prior Credit Agreement on the effective Closing Date, as such Departing Lenders shall not constitute Lenders hereunder, and the Lenders consent to such full repayment as described above.

• The Borrower, certain of the Lenders, Departing Lenders and the Administrative Agent are parties to the Prior Credit Agreement.

• Knowledge, awareness and context - a basic awareness of current policy context and the evidence base supporting the effectiveness of Figure 2: Levels of competency requiredABIs, and the impact of alcohol consumption on individuals and society as a whole.

• The reallocation of the Commitments among the Lenders (including the New Lenders), including the assignment by the Departing Lenders of their rights and obligations under the Credit Agreement to the Lenders, shall be deemed to have been consummated pursuant to the terms of the Assignment and Assumption attached as Exhibit D to the Credit Agreement as if such Lenders and the Departing Lenders had executed an Assignment and Assumption with respect to such reallocation.

• No Borrower shall use the proceeds of any Loan or any Letter of Credit for any purpose that would (a) whether directly or indirectly, entail a violation of any of the Regulations of the Board of Governors, including Regulations T, U and X or (b) constitute a use other than a general corporate purpose (it being understood that the payments to be made to Departing Lenders pursuant to Section 3.01(d)(ii) shall constitute a permitted use of proceeds pursuant to this Section 6.06).

More Definitions of Departing Lenders

Departing Lenders means those lenders that are parties to the Existing Credit Agreement, but are not parties to this Agreement as of the Closing Date.

Departing Lenders means the Original Lenders that are not Continuing Lenders.

Departing Lenders means those lenders party to the Prior Credit Agreement which are not signatories to this Agreement.

Departing Lenders has the meaning ascribed thereto in Section 14.6.

Departing Lenders means each “Non-Consenting Lender” under and as defined in the Existing Credit Agreement with respect to the amendment and restatement of the Existing Credit Agreement evidenced hereby.

Departing Lenders means persons that were lenders under the Pre-Restatement Credit Agreement and are not Lenders under this Agreement.

Departing Lenders shall have the meaning given to such term in the Second Amendment. “Designated Jurisdiction” shall mean any country or territory to the extent that such country or territory is the subject of any Sanction.