ESOP Lender definition

ESOP Lender means First Union National Bank of North Carolina;
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ESOP Lender means any Lender having an ESOP Loan Commitment.
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ESOP Lender shall, unless the context otherwise indicates, include each of the Agents in its individual capacity. Each Agent may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Loan Document, with the Company or any of its Subsidiaries.
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Examples of ESOP Lender in a sentence

  • Each Lender, Swing Loan Lender, Issuing Lender and ESOP Lender agrees that no Lender, Swing Loan Lender, Issuing Lender or ESOP Lender shall have the right individually to seek to realize upon the security granted by any Collateral Document, it being understood and agreed that such rights and remedies may be exercised solely by the Agent or Collateral Agent, as applicable for the benefit of the Holders of Secured Obligations, upon the terms of the Collateral Documents.

  • Each Lender, Swing Loan Lender, Issuing -------------------- Lender and ESOP Lender authorizes the Agents to enter into each of the Collateral Documents to which it is a party and to take all action contemplated by such documents.

  • Each ESOP Lender hereby authorizes the Agent to ---------- enter into the ESOP Agreements on its behalf and accepts an interest in the ESOP Loans in an amount equal to the amount set forth opposite such ESOP Lender's name under the heading "ESOP Lenders" on Schedule I hereof.

  • Each Lender acknowledges that it has, ---------------------- independently and without reliance upon any Agent or any other Lender, Swing Loan Lender, Issuing Lender or ESOP Lender and based on the financial statements prepared by the Company and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan Documents.

  • Each Lender also acknowledges that it will, independently and without reliance upon any Agent or any other Lender, Swing Loan Lender, Issuing Lender or ESOP Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Loan Documents.

  • Each of the Lenders, Swing Loan Lenders, Issuing Lenders and ESOP Lenders agrees to assert no claim against either of the Agents on any agency theory or any other theory of liability for breach of fiduciary duty, all of which claims each Lender, Swing Loan Lender, Issuing Lender and ESOP Lender waives.

  • The Agents shall ---------- not have a fiduciary relationship in respect of the Company, any Borrowing Subsidiary, any Lender, any Swing Loan Lender, any Issuing Lender or any ESOP Lender by reason of this Agreement or the ESOP Loan Agreements.

  • Notwithstanding the use of the defined term "Agent," and "Collateral Agent" it is expressly understood and agreed that neither of the Agents shall have any fiduciary responsibilities to any Lender, Swing Loan Lender, Issuing Lender or any ESOP Lender by reason of this Agreement and that the Agents are merely acting as the representative of the Lenders, Swing Loan Lenders, Issuing Lenders and ESOP Lenders with only those duties as are expressly set forth in this Agreement and the other Loan Documents.

  • ESOP Lender" shall mean the lender with respect to any loan arrangement by and between the Company and such ESOP Lender ("ESOP Outside Loan Agreement").

  • Each ESOP Lender has made to the Company and, subject to the terms and conditions herein set forth agrees to maintain, a term loan to the Company in an outstanding amount equal to such Lender's ESOP Loan Amount (the "ESOP Loan").


More Definitions of ESOP Lender

ESOP Lender means the lender with respect to any loan arrangement by and between the Company and such ESOP Lender ("ESOP Outside Loan Agreement").
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Related to ESOP Lender

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

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

  • Farm Credit Lender means a lending institution organized and existing pursuant to the provisions of the Farm Credit Act of 1971 and under the regulation of the Farm Credit Administration.

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

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • 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.

  • Participating Bank means any participating banks of the JETCO ATM network, (if applicable) PLUS ATM network and/or (if applicable) China UnionPay ATM network;

  • Revolving Credit Lender means, at any time, any Lender that has a Revolving Credit Commitment at such time.

  • DIP Lender means a lender under the DIP Facility.

  • Extending Revolving Credit Lender has the meaning set forth in Section 2.16(c).

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

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

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

  • New Revolving Credit Lender has the meaning specified in Section 2.14(a).

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

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

  • 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).

  • 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.

  • Revolving Credit Lenders means, collectively, all of the Lenders with a Revolving Credit Commitment.

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

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • New Revolving Lender as defined in Section 2.24.

  • Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class as a result of an Incremental Revolving Credit Commitment.

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

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

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