Eligible Lenders definition

Eligible Lenders means, with respect to any Extension Request, (i) all Lenders if no Lender's Commitment Termination Date had been extended pursuant to this Section 2.16 prior to the delivery to the Agent of such Extension Request, and (ii) in all other cases, those Lenders which had extended their Commitment Termination Date in the most recent extension of any Commitment Termination Date effected pursuant to this Section 2.16.

Eligible Lenders has the meaning specified in Section 2.16.

Eligible Lenders as defined in the MSELF Term Sheet.

Examples of Eligible Lenders in a sentence

• Property owners will obtain all financing from the Eligible Lenders they choose.

• Eligible Lenders are expected to conduct an assessment of each potential borrower’s financial condition at the time of the potential borrower’s application.

• Eligible Lenders are not permitted to recognize collateral attributable to the Main Street SPV’s interest for purposes of the credit risk mitigation treatment under the capital rule.The treatment described above applies only to Eligible Lenders that are subject to the federal banking agencies’ capital rule.

• Upon determining that such paperwork is complete and consistent with Program requirements (see FAQ L.7), the Main Street SPV would purchase a participation in such loan by dating and countersigning the Participation Agreement and returning it to the Eligible Lender.In general, Eligible Lenders using this option must submit the loan to the Main Street SPV for sale of a participation interest expeditiously (i.e., no later than 14 days) after the closing of such loans.

• Eligible Lenders will apply their own underwriting standards in evaluating the financial condition and creditworthiness of a potential borrower.An Eligible Lender may require additional information and documentation in making this evaluation and will ultimately determine whether an Eligible Borrower is approved for a Program loan in light of these considerations.

More Definitions of Eligible Lenders

Eligible Lenders means a commercial bank or other financial institution (other than a Hedge Fund) with a credit rating in respect of its international long-term debt equal to at least BBB by Standard & Poor’s or Baa2 by Moody’s and, in addition, Itaú, Banco do Brasil, Banco Nacional de Desenvolvimento Econômico e Social (BNDES), Fundo da Marinha Mercante (FMM), Caixa Econômica Federal and Santander (Brasil).

Eligible Lenders means (i) a commercial bank organized under the laws of the United States or any state thereof, or (ii) a bank acting through a branch or agency located in the United States.

Eligible Lenders has the meaning set forth in Section 2.26(d).

Eligible Lenders means, with respect to any Extension Request related to the U.S. Revolving Commitments and U.S. Revolving Loans, Canadian Revolving Commitments and Canadian Revolving Loans, European Revolving Commitments and European Revolving Loans or Hong Kong Revolving Commitments and Hong Kong Revolving Loans, as applicable, (i) all applicable Revolving Lenders if the applicable Revolving Commitment Termination Date of no applicable Revolving Lender’s applicable Revolving Loans or Revolving Commitments had been extended pursuant to this Section 2.26 prior to the delivery to the Administrative Agent of such Extension Request, and (ii) in all other cases, those applicable Revolving Lenders which extended the applicable Revolving Commitment Termination Date of their applicable Revolving Loans and Revolving Commitments in the most recent extension of any applicable Revolving Commitment Termination Date effected pursuant to this Section 2.26.

Eligible Lenders has the meaning set forth in Section 9.10.

Eligible Lenders means, with respect to any Extension Request related to the Tranche A2 Facility or the Tranche A3 Facility, as applicable, (i) all Appropriate Lenders if the Maturity Date of no Appropriate Lender’s Advances had been extended pursuant to this Section 2.16 prior to the delivery to the Administrative Agent of such Extension Request, and (ii) in all other cases, those Appropriate Lenders which extended the Maturity Date of their Advances in the most recent extension of any Maturity Date effected pursuant to this Section 2.16.

Eligible Lenders means (i) the lenders under the Credit Agreement, (ii) any affiliate of any lender under the Credit Agreement, (iii) any commercial bank, savings bank or loan association having a combined capital and surplus of at least $100.0 million and (iv) any other financial institution, including a mutual fund or other fund, having total assets of at least $250.0 million.