Eligible Replacement Lender definition

Eligible Replacement Lender is defined in Section 2.21(b).
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Eligible Replacement Lender means an existing Lender and/or other banks or financial institutions reasonably acceptable to the Administrative Agent.
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Eligible Replacement Lender is defined in Section 0.
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Examples of Eligible Replacement Lender in a sentence

  • Any Eligible Replacement Lender (if not already a Lender hereunder) shall become a party to this Agreement as a Lender by delivering an executed Joinder Agreement to the Administrative Agent and the Borrower.

  • In the event of an extension of the then existing Facility Termination Date pursuant to this Section 2.21, the Borrower shall have the right, at its own expense, to solicit commitments from existing Lenders and/or other banks or financial institutions reasonably acceptable to the Administrative Agent and the LC Issuing Bank (each, an "Eligible Replacement Lender") to replace the Commitment of any Non-Consenting Lenders for the remaining duration of this Agreement.


More Definitions of Eligible Replacement Lender

Eligible Replacement Lender means (A) a commercial bank having a combined capital and surplus of at least $250,000,000 with a rating of its (or its parent holding company’s) short-term securities at least equal to the short-term rating assigned to the related Affected Lender Group or Downgraded Liquidity Bank at the time such Affected Lender Group or Downgraded Liquidity Bank became a party to this Agreement or (B) a Conduit whose Commercial Paper is rated at least equal to the short-term rating assigned to the related Affected Lender Group or Downgraded Liquidity Bank at the time such Affected Lender Group or Downgraded Liquidity Bank became a party to this Agreement.
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Eligible Replacement Lender is defined in Section 2.21(b). 12640621v 24740.0002 44
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Eligible Replacement Lender means any bank or financial institution with assets in excess of $50,000,000,000 and which is regulated by the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, or the Office of Thrift Supervision.
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Related to Eligible Replacement Lender

  • Eligible Replacement means an entity (A) with the Xxxxx’x First Trigger Required Ratings and/or the Xxxxx’x Second Trigger Required Ratings or (B) whose present and future obligations owing to Party B are guaranteed pursuant to an Eligible Guarantee provided by a guarantor with the Xxxxx’x First Trigger Required Ratings and/or the Xxxxx’x Second Trigger Required Ratings.

  • Replacement Lender shall have the meaning provided in Section 2.13.

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

  • Approved Lender is defined in Section 12.1.

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

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • VA Approved Lender means a lender which is approved by the VA to act as a lender in connection with the origination of VA Loans.

  • Impacted Lender means a Defaulting Lender or a Lender as to which (a) the L/C Issuer or the Administrative Agent has a good faith belief that the Lender has defaulted in fulfilling its obligations under one or more other syndicated credit facilities or (b) an entity that Controls the Lender has been deemed insolvent or become subject to a bankruptcy or other similar proceeding.

  • Qualified Lender means a lender approved by the federal department of housing and urban development to enter into a loan insured by the federal government under 12 USC 1715z−20.

  • Substitute Lender has the meaning specified in Section 2.18(a).

  • Qualifying Lender has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Restricted Lender means a Lender that fails to approve an amendment, waiver or consent requested by the Loan Parties pursuant to Section 10.01 that has received the written approval of not less than the Required Lenders but also requires the approval of such Lender.

  • Holdout Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • Subject Lender has the meaning assigned to that term in subsection 2.9.

  • Term SOFR Replacement Date has the meaning specified in Section 3.03(b).

  • Required Prepayment Lenders the Majority Facility Lenders in respect of each Facility.

  • Eligible Assignee means any Person that meets the requirements to be an assignee under Section 10.06(b)(iii) and (v) (subject to such consents, if any, as may be required under Section 10.06(b)(iii)).

  • Declining Lender has the meaning specified in Section 2.05(c).

  • Notifying Lender has the meaning given in Clause 23.1 or Clause 24.1 as the context requires;

  • Project Lender means a commercial bank, savings bank, savings and loan association, credit union or other financial institution that has loaned funds to the Developer to be used for construction of the Redevelopment Project and has secured such loan with a mortgage or security interest in the Redevelopment Project.

  • Ineligible Assignee Any private investment company, investment firm, investment partnership, private equity fund or other private equity investment vehicle.

  • Delinquent Lender has the meaning provided in SECTION 8.15.

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

  • Affected Lender has the meaning specified therefor in Section 2.13(b) of the Agreement.

  • Eligible Borrower means owners or others having an interest in property situated within the downtown area of a participating city, community development corporations associated with a participating city, Iowa main street program organizations associated with a participating city, community-initiated development groups associated with a participating city, or other organization associated with a participating city for purposes of implementing the Iowa main street program.

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