Exercising Lender definition

Exercising Lender has the meaning specified in Section 2.2(c).
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Exercising Lender shall have the meaning assigned to such term in Section 15.02(a).
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Exercising Lender has the meaning ascribed to it in Section 6.16(a).
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Examples of Exercising Lender in a sentence

  • It is understood that a Lender shall have the right to deliver a Put Notice and become an Exercising Lender at any time and, if so delivered after a Put Notice has been delivered by the other Lender but closing with respect thereto has not yet occurred, then the Parent shall be required to simultaneously purchase all Put Securities pursuant hereto at the closing of the Put Securities of the Exercising Lender that first exercised its put hereunder.

  • In the event that the Parent does have sufficient funds on hand to pay the Put Price, then Parent shall, and cause its Subsidiaries to, use any and all commercially reasonable efforts to obtain funds in the form of debt and/or equity financing sufficient to pay the Put Price in cash to each Exercising Lender.

  • An Exercising Lender shall give prompt written notice to the Agent (with a copy to the Borrower) of any exercise of its Warrants in the manner described in this subsection in order to enable the Agent to record such transaction.

  • The Parent shall also furnish the Exercising Lender with such additional information that the Exercising Lender may reasonably request in connection with the Parent’s calculation of the Put Price.

  • The Exercising Lender shall have the right to cause the Accounting Firm to review and verify the calculation of the Put Price, and the Parent shall provide such party with all documents and information necessary for such review and calculation.

  • The Exercising Lender shall have the right at any time prior to receiving the Put Price to revoke, in writing, the Put to which it relates (and in such case the Exercising Lender shall pay the reasonable out-of-pocket costs incurred by the Parent in connection with any determination of Fair Market Value and the Accounting Firm resulting from such Put), in which case the provisions of this Section 6.16 and the Exercising Lender’s right to exercise a Put thereafter shall continue unaffected.

  • Payment of the Put Price payable upon the exercise of any Put shall be made by the Parent to the Exercising Lender in the manner required by Section 6.16(a) within fifteen (15) days after the Put Price has been determined, unless the Put Price is determined in connection with the occurrence of a Liquidity Event (in which case the Put Price shall be payable concurrently with the occurrence of the Liquidity Event).

  • Any Lender holding Warrants shall be entitled to pay some or all of the Exercise Price (as defined in the Warrants) for any of its Warrants by offsetting amounts owed to such Lender (such Lender, an "Exercising Lender") in respect of its interest in the Loan as provided in Section 2.1(b)(ii) of the Warrants (such exercise, a "Loan Discharge Exercise").

  • Any such reduction in the principal amount of the Loan shall be applied to the then remaining installments of the outstanding principal amount of the Loan owed to such Exercising Lender in the inverse order of maturity thereof.

  • The Exercising Lender shall deliver a copy of the Put Notice to the other Lender simultaneously with its delivery thereof to the Parent, unless the Put Notice has been delivered jointly by the Lenders as Exercising Lenders hereunder.


More Definitions of Exercising Lender

Exercising Lender has the meaning ascribed to it in Clause 10.1 (a)”; and
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Related to Exercising Lender

  • Purchasing Lender shall have the meaning set forth in Section 16.3(c) hereof.

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

  • Assigning Lender means as specified in Section 13.8(b).

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

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

  • Purchasing Lenders shall have the meaning set forth in Section 9.6(c).

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

  • Selling Lender has the meaning specified in Section 11.7 (

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

  • Swing Lender means Xxxxx Fargo or any other Lender that, at the request of Borrowers and with the consent of Agent agrees, in such Lender’s sole discretion, to become the Swing Lender under Section 2.3(b) of the Agreement.

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

  • New Revolving Lender as defined in Section 2.24.

  • Consenting Lender has the meaning specified in Section 2.19(b).

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

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

  • Designating Lender means, with respect to each Designated Lender, the Lender that designated such Designated Lender pursuant to Section 12.1.2.

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

  • Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but in each instance on behalf of the Lenders hereunder.

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

  • Refinancing Lender has the meaning set forth in Section 2.15(c).

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

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

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

  • U.S. Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of U.S. Swingline Loans hereunder.

  • Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of Swingline Loans hereunder.

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.