Effective Date Lender definition

Effective Date Lender means any Lender having Revolving Loan Exposure which is neither a Lender on the Effective Date nor an Affiliate of any Lender party to this Agreement on the Effective Date.

Effective Date Lender means a Lender having an Effective Date Commitment or an outstanding Effective Date Term Loan. “Effective Date Term Loan” has the meaning assigned to such term in S ection 2.1(a).

Effective Date Lender means a Lender having an Effective Date Commitment or an outstanding Effective Date Term Loan.

Examples of Effective Date Lender in a sentence

• If, in connection with any inspection of the Mortgaged Property, Lender determines that the condition of the Mortgaged Property has deteriorated (ordinary wear and tear excepted) since the Effective Date, Lender may obtain, at Borrower’s expense, a property condition assessment of the Mortgaged Property.

• Subject to the terms and conditions of this Agreement, on the Effective Date, Lender shall provide the Specified Letter of Credit to CIBC.

• As of the Effective Date, Lender is not aware of any event that will entitle the Lender to such additional amount or amounts pursuant to this Section 2.10.

• Subject to the satisfaction of the conditions set forth in Section 4 below, and in reliance on the representations and warranties contained in Section 3 below, as of the Amendment No. 1 Effective Date, Lender hereby consents to the CoC Transaction and waives the CoC Default solely to the extent the CoC Transaction is consummated on or prior to February 27, 2019.

• On or prior to the Effective Date, Lender shall have received true and correct copies of the historical consolidated financial statements referred to in Section 7.05(a).

• If, in connection with any inspection of the Mortgaged Property, Lender determines that the condition of the Mortgaged Property has deteriorated since the Effective Date, Lender may obtain, at Borrower’s expense, a physical needs assessment of the Mortgaged Property.

• Upon the Amendment Effective Date, Lender hereby waives the Existing Defaults and agrees that the Loan shall no longer bear interest at the Default Rate (collectively, the “Waiver”).

• Subject to the terms and conditions of this Agreement, on the Effective Date Lender agrees to make a loan (“Loan”) to Borrower in an aggregate principal amount not to exceed $175,000,000.00 (the “Commitment Amount”).

• As of the Amendment No. 2 Effective Date, Lender has exclusive access to the Blocked Account.

• On the Effective Date the Commitments of each Effective Date Lender will be its Effective Date Commitments.

More Definitions of Effective Date Lender

Effective Date Lender means each financial institution and other entity that is a party hereto as a Lender on the Effective Date.

Effective Date Lender means each of the Lenders (as defined in the Original Facility Agreement) and the New Lender.