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

Examples of Discretionary Lenders in a sentence

  • 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.

  • 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.

  • 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.

  • 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.

  • Other Discretionary Collateral The Discretionary Collateral Value of any other collateral ("Other Discretionary Collateral") offered by the Borrower and accepted as Discretionary Collateral by the Discretionary Lenders in their sole and absolute discretion shall be such amount of Discretionary Collateral Value (if any) as the Discretionary Lenders may assign to such Other Discretionary Collateral in their sole and absolute discretion.

  • 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.

  • 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.

Related to Discretionary Lenders

  • Continuing Lenders as defined in the recitals hereto.

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

  • Tranche A Lenders means, collectively, the Lenders having a Tranche A Commitment or all or a portion of the Tranche A Loans owing to it; sometimes being referred to herein individually as a “Tranche A Lender”.

  • 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.

  • Canadian Lenders means the Persons (or an Affiliate or branch of any such Person that is acting on behalf of such Person, in which case the term “Canadian Lenders” shall include any such Affiliate or branch with respect to the Canadian Loans made by such Affiliate or branch) having a Canadian Commitment and any other Person that shall acquire a Canadian Commitment, other than any such Person that ceases to be a Canadian Lender pursuant to an Assignment and Assumption.

  • Participating Lender has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

  • Qualifying Lenders has the meaning specified in Section 2.05(d)(iv).

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Tranche A Lender means a Lender with a Tranche A Commitment or an outstanding Tranche A Term Loan.

  • U.S. Lenders means the Lenders having U.S. Commitments or outstanding U.S. Loans.

  • 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.

  • Identified Participating Lenders has the meaning set forth in Section 2.05(a)(v)(C)(3).

  • U.S. Revolving Lender means a Lender with a U.S. Revolving Commitment or, if the U.S. Revolving Commitments have terminated or expired, a Lender with U.S. Revolving Exposure.

  • Tranche C Lender means a Lender with a Tranche C Commitment or an outstanding Tranche C Term Loan.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Issuing Lender Fees shall have the meaning set forth in Section 2.5(c).

  • Extending Lenders has the meaning specified in Section 2.08.

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

  • Revolver Percentage means, for each Lender, the percentage of the Revolving Credit Commitments represented by such Lender’s Revolving Credit Commitment or, if the Revolving Credit Commitments have been terminated, the percentage held by such Lender (including through participation interests in Reimbursement Obligations) of the aggregate principal amount of all Revolving Loans and L/C Obligations then outstanding.

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

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Extending Revolving Lender shall have the meaning given to such term in Section 2.22(a)(iii).

  • 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.