Discretionary Lenders definition

Discretionary Lenders means the BNS Discretionary Lenders, the SMBC Discretionary Lenders, the MUFG Discretionary Lenders and each other Person that shall become a party to the Funding Agreement in the capacity as a “Discretionary Lender”, and, in each case, their respective successors and permitted assigns.
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Discretionary Lenders at any time, Lenders which have outstanding Discretionary Advances under their Discretionary Notes.
Sample 1
Discretionary Lenders means the SMBC Discretionary Lender, the Bank of America Discretionary Lender and each other Person that shall become a party to the Funding Agreement in the capacity as a “Discretionary Lender”, and, in each case, successors and permitted assigns.
Sample 1

Examples of Discretionary Lenders in a sentence

  • Effective as of the date hereof, the New Discretionary Lender shall be a Discretionary Lender party to the RFA for all purposes thereof and of the other Related Documents and the New Discretionary Lender assumes all related rights and agrees to be bound by all of the terms and provisions applicable to Discretionary Lenders contained in the RFA and the other Related Documents.

  • With respect to each Discretionary Loan (to the extent applicable), the Borrowers shall pay to the Administrative Agent for the account of the appropriate Discretionary Lenders, the fees in such amounts and on such dates agreed to in writing by the Borrowers, the Administrative Agent, and such Discretionary Lenders in the applicable Supplemental Credit Documents for such Discretionary Loan.

  • Any Discretionary Lender may at any time, upon notice to and with the written consent of the Administrative Agent, increase such Discretionary Lender's Discretionary Lending Limit, whereupon the Administrative Agent shall prepare and distribute to each Lender a new Exhibit F reflecting such increased Discretionary Lending Limit.

  • As of the Effective Date and immediately after giving effect to Section 1(a) above, PNC hereby confirms that there are no Discretionary Lenders or Conduit Lenders in the PNC Group and that PNC is the only Committed Lender in the PNC Lender Group.

  • The Borrower shall have the right to prepay the outstanding principal balances of the Discretionary Notes in whole or in part at any time and from time to time, each such principal prepayment to be paid to the Administrative Agent and distributed to the Discretionary Lenders ratably on the basis of each Discretionary Lender's Pro Rata Share thereof.

  • With respect to each Discretionary Loan (to the extent applicable), Restricted Borrowers shall pay to the Administrative Agent for the account of the appropriate Discretionary Lenders, the fees in such amounts and on such dates agreed to in writing by Restricted Borrowers, Administrative Agent, and such Discretionary Lenders in the applicable Supplemental Credit Documents for such Discretionary Loan.

  • With respect to each Discretionary Loan (to the extent applicable), Borrower shall pay to the Administrative Agent for the account of the appropriate Discretionary Lenders, the fees in such amounts and on such dates agreed to in writing by Borrower, Administrative Agent, and such Discretionary Lenders in the applicable Supplemental Credit Documents for such Discretionary Loan.

  • Each Discretionary Advance shall be repaid on the tenth (10th) day following the Discretionary Advance Date on which such Discretionary Advance was made, and the entire unpaid principal balance of each Discretionary Lender's Discretionary Note shall be due and payable on the Discretionary Termination Date.

Related to Discretionary Lenders

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Applicable Revolving Credit Percentage means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.