Dual Lender definition

Dual Lender means any Lender which has both a U.S. Commitment and a Canadian Commitment.
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Dual Lender means any Lender which has both a U.S. Commitment and either a Canadian Commitment or a U.K. Commitment.
Sample 1
Dual Lender means any Lender which has both a U.S. Commitment and a Canadian Commitment or a combination of a U.S. Lender that has a U.S. Commitment and an affiliated Canadian Lender that has a Canadian Commitment.
Sample 1

Examples of Dual Lender in a sentence

  • Any Dual Lender may agree with Borrowers to reallocate its existing U.S. Commitment and Canadian Commitment, so long as the sum of such U.S. Commitment and Canadian Commitment remains unchanged.

  • The U.S. Percentage of the U.S. Revolving Loan Commitment Amount of a U.S. RL Lender that is not a Dual Lender shall equal the maximum principal amount of U.S. Revolving Loans that such U.S. RL Lender would be required to make immediately prior to giving effect to a reallocation pursuant to this Section DIVIDED by the U.S. Revolving Loan Commitment Amount immediately after giving effect to the increase in the U.S. Revolving Loan Commitment Amount resulting from such reallocation.

  • Upon (and as a condition to) a reallocation pursuant to this Section which increases the U.S. Revolving Loan Commitment Amount, the U.S. Borrower shall execute and deliver to each of the Dual Lenders a new U.S. Revolving Note to reflect the increased U.S. Revolving Loan Commitment of such Dual Lender.

  • Time shall be ofthe essence in the performance of all obligations of Borrower hereunder.

  • Any Dual Lender may agree with the Borrowers to reallocate its existing U.S. Commitment and Canadian Commitment, so long as the sum of such U.S. Commitment and Canadian Commitment remains unchanged.

  • Upon (and as a condition to) a reallocation pursuant to this Section which increases the US Revolving Loan Commitment Amount, the US Borrower shall execute and deliver to each of the Dual Lenders a new US Revolving Note to reflect the increased US Revolving Loan Commitment of such Dual Lender.

  • Any Dual Lender may agree with Borrowers to reallocate its existing U.S. Commitment and Canadian Commitment or U.K. Commitment, as the case may be, so long as the sum of such U.S. Commitment and Canadian Commitment or U.K. Commitment, as the case may be, remains unchanged.

  • Such an approach would hopefully facilitate the development of the previously discussed “social contract” between engineers and soci- ety.If a new “social contract” is created, based in part on non-utilitarian ethics such as the social experiment model, then it is possible that conflicts between an engineer’s duties to their employer versus their duties to the envi- ronment and society might be resolved.

  • Upon (and as a condition to) a reallocation pursuant to this Section which increases the UK Revolving Loan Commitment Amount, the UK Borrower shall execute and deliver to each of the Dual Lenders a new UK Revolving Note to reflect the increased UK Revolving Loan Commitment of such Dual Lender.


More Definitions of Dual Lender

Dual Lender means any Lender which has (either directly or through an Affiliate) both a U.S. Commitment and either a Canadian Commitment or a U.K. Commitment. EBITDA means, for any period, the sum of (without duplication, and without giving effect to any extraordinary losses or gains during such period) the following determined on a consolidated basis for U.S. Borrower and its Subsidiaries: (a) net income or deficit during such period, plus (b) to the extent deducted in determining net income: (i) income tax expense, (ii) interest expense, (iii) amortization, (iv) depreciation, (v) other non-cash and non-recurring items during such period, and (vi) non-cash retiree medical expenses. This calculation will be subject to pro forma adjustments for acquisitions and divestitures as if such acquisitions or divestitures occurred as of the beginning of the applicable period. Adjustments allowed pursuant to Article 11, Regulation S-X, of the Securities Act of 1933 will also be included in the calculation of EBITDA. Environmental Claim means any third party (including Governmental Authorities and employees) action, lawsuit, claim or proceeding (including claims or proceedings at common law or under the Occupational Safety and Health Act or similar laws relating to safety of employees) which seeks to impose liability for (i) noise; (ii) pollution, contamination, protection or clean-up of the air, surface water, ground water or land; (iii) solid, gaseous or liquid waste generation, handling, treatment, storage, disposal or transportation; (iv) exposure to Hazardous Substances; (v) the safety or health of employees or (vi) the manufacture, processing, distribution in commerce, use, discharge or storage of Hazardous Substances. An “Environmental Claim” includes, but is not limited to, a common law action, as well as a proceeding to issue, modify or terminate an Environmental Permit to the extent that such a proceeding attempts to redress violations of an applicable permit, license, or regulation as alleged by any Governmental Authority.
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Related to Dual Lender

  • Original Lender shall have the meaning assigned to such term in the recitals.

  • Initial Lender has the meaning specified in the recital of parties to this Agreement.

  • New Lender as defined in Section 2.24(b).

  • Institutional Lender means one or more commercial or savings banks, savings and loan associations, trust companies, credit unions, industrial loan associations, insurance companies, pension funds, or business trusts including but not limited to real estate investment trusts, any other lender regularly engaged in financing the purchase, construction, or improvement of real estate, or any assignee of loans made by such a lender, or any combination of any of the foregoing entities.

  • Exiting Lender see Section 2.17.7.

  • Additional Lender has the meaning set forth in Section 2.14(c).

  • Qualified Institutional Lender means each of the Initial Note Holders and any other U.S. Person that is:

  • Original Lenders shall have the meaning assigned to such term in the recitals.

  • Additional Lenders has the meaning assigned to such term in Section 2.18(b).

  • Additional Lender Certificate has the meaning assigned to such term in Section 2.06(c)(ii)(F).

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Incremental Lender means an Incremental Revolving Lender or an Incremental Term Lender.

  • New Lender Supplement as defined in Section 2.1(c).

  • Schedule I Lender means any Lender named on Schedule I to the Bank Act (Canada).

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

  • Non-Extending Lender has the meaning specified in Section 2.18(b).

  • Extending Lender shall have the meaning assigned to such term in Section 2.21(e).

  • Non-Extending Bank has the meaning set forth in Section 2.09(a) hereof.

  • L/C Lender a Lender with an L/C Commitment.

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • Additional Commitment Lender shall have the meaning provided in Section 2.15(c).

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Non-Funding Lender has the meaning ascribed to it in Section 9.9(a)(ii).

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.