Existing Lender Assignment definition

Existing Lender Assignment means an assignment of, as applicable, (x) Commitments under a Term Facility, a Specified Refinancing Term Loan Facility or a New Term Facility or (y) Term Loans, Specified Refinancing Term Loans and New Term Loans, in each case to an existing Lender, an Affiliate of an existing Lender or an Approved Fund thereof (other than any Disqualified Institution).
Existing Lender Assignment has the meaning specified in Section 1.10(c).
Existing Lender Assignment means an assignment of, as applicable, (x) Commitments under a Term Facility, a Specified Refinancing Term Loan Facility or a New Term Facility or (y) Term Loans, Specified Refinancing Term Loans and New Term Loans, in each case to an existing Lender, an Affiliate of an existing Lender or an Approved Fund thereof (other than any Disqualified Institution). “Existing Term Loan Credit Agreement” means that certain Term Loan Credit Agreement, dated as of June 29, 2018, by and among, the Borrower, Vertex Holdings, the lenders from time to time party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc., as administrative agent, as amended, restated, amended and restated, supplemented or otherwise modified from time to time. “Extendable Bridge Loans” means any bridge loan which provides for an automatic extension of the maturity thereof, subject to customary conditions, to a date that is not earlier than the Latest Maturity Date of the 20232024 Term Loan Facility and the Weighted Average Life to Maturity of the long-term debt into which such bridge loan is to be converted or exchanged is not shorter than the remaining Weighted Average Life to Maturity of the 20232024 Term Loan Facility or any Indebtedness that is being refinanced with the proceeds of such Extendable Bridge Loans, as applicable. “FACA” means the Assignment of Claims Act of 1940 (41 U.S.C. Section 15, 31 U.S.C. Section 3737, and 31 U.S.C. Section 3727) including all amendments thereto and regulations promulgated thereunder. “FACA Requirement” has the meaning specified in Section 6.20. “FACA Requirement Documents” means all documents, instruments and assignments, as may be reasonably requested by the ABL Representative to comply with FACA in its Permitted Discretion (as defined in the ABL Credit Agreement). “Facility” means the Term Facilities. “Failed Auction” has the meaning specified in the definition ofDutch Auction.” “Fair Market Value” means, with respect to any asset or property, the price that could be negotiated in an arm’s-length, free market transaction, for cash, between a willing seller and a willing and able buyer, neither of whom is under undue pressure or compulsion to complete the transaction (as determined in good faith by the Borrower, whose determination will be conclusive for all purposes under the Loan Documents).

Examples of Existing Lender Assignment in a sentence

  • In addition, the Borrowers agree to pay to each applicable Existing Lender any amounts payable in respect of the assignment by such Existing Lender under the Existing Lender Assignments in accordance with Section 4.12 of the Existing Loan Agreement (with the assignment or assignments by such Existing Lender under the Existing Lender Assignment being deemed a prepayment for purposes of such Section 4.12).


More Definitions of Existing Lender Assignment

Existing Lender Assignment means an assignment of, as applicable, (x) Commitments under a Term Facility, a Specified Refinancing Term Loan Facility or a New Term Facility or (y) Term Loans, Specified Refinancing Term Loans and New Term Loans, in each case to an existing Lender, an Affiliate of an existing Lender or an Approved Fund thereof (other than any Disqualified Institution). “Existing Letters of Credit” has the meaning specified in Section 2.03(m). “Existing Second Lien Credit Agreement” means that certain Second Lien Credit Agreement, dated as of December 6, 2021, by and among, the Borrower, Holdings, the lenders from time to time party thereto and Royal Bank of Canada, as administrative agent, as amended, restated, amended and restated, supplemented or otherwise modified from time to time.

Related to Existing Lender Assignment

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

  • Lender Assignment Agreement means an assignment agreement substantially in the form of Exhibit D hereto.

  • Affiliated Lender Assignment and Assumption means an assignment and assumption entered into by a Lender and an Affiliated Lender (with the consent of any party whose consent is required by Section 9.05) and accepted by the Administrative Agent in the form of Exhibit A-1 or any other form approved by the Administrative Agent and the Borrower.

  • Existing Lenders as defined in the recitals hereto.

  • Existing bank means a bank or national banking association that is a party to a consolidation agreement and is engaged in the business of banking before the consolidation or merger provided for in the consolidation agreement.

  • Co-Lender Agreement With respect to any Loan Combination, the co-lender agreement, intercreditor agreement, agreement among noteholders or similar agreement, dated as of the date set forth in the Loan Combination Table under the column heading “Date of Co-Lender Agreement” and governing the relative rights of the holders of the related Mortgage Loan and Companion Loan(s), as the same may be amended, restated or otherwise modified from time to time in accordance with the terms thereof. A Co-Lender Agreement exists with respect to each Loan Combination as of the Closing Date.

  • Exiting Lender see Section 2.17.7.

  • New Lender as defined in Section 2.24(b).

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

  • Loan Assignment has the meaning set forth in the Purchase and Sale Agreement.

  • Permitted Loan Purchase Assignment and Acceptance means an assignment and acceptance entered into by a Lender as an Assignor and Holdings, the Borrower or any of the Subsidiaries as an Assignee, as accepted by the Administrative Agent (if required by Section 9.04) in the form of Exhibit F or such other form as shall be approved by the Administrative Agent and the Borrower (such approval not to be unreasonably withheld or delayed).

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

  • Continuing Lender means with respect to any event described in Section 2.08(b), a Lender which is not a Retiring Lender, and “Continuing Lenders” means any two or more of such Continuing Lenders.

  • term assignment means, in relation to an employee, i. a term assignment within the meaning of the local collective agreement, or

  • Refinancing Lender has the meaning assigned to such term in Section 2.23(c).

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

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

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

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

  • New Lender Supplement as defined in Section 2.1(c).

  • Original Lender shall have the meaning assigned to such term in the recitals.

  • Designating Lender has the meaning specified in Section 8.07(h).

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Increasing Lender has the meaning specified in Section 2.18(b).

  • Existing Banks means each Person which was a Bank under, and as defined in, the Existing Credit Agreement.

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.