Examples of Extended Lender in a sentence
No Lender shall have any obligation to convert any Non-Extended Lender Obligations held by it into Extended Lender Obligations pursuant to the Extension Request.
Any Lender not responding by 5:00 p.m. (New York City time) on the date five Business Days prior to the date on which the Borrower proposes that the Extended Lender Obligations shall be effective (which such date shall be at least 15 Business Days after the date the Borrower has provided the applicable Extension Request) shall be deemed to have declined to extend its Commitments.
It was the intent of the parties to "wipe the slate clean" for the 1994-1998 Agreement, under which unit employees would no longer be permitted to "carry over" vacation accrued in one year for the purpose of extending vacation in another year.
In the event that the aggregate amount of Term Loans and/or Revolving Commitments and/or L/C Commitments subject to Extension Elections exceeds the amount of Extended Lender Obligations requested pursuant to the Extension Request, Term Loans and/or Revolving Commitments and/or L/C Commitments shall be converted to Extended Lender Obligations on a pro rata basis.
Upon the effectiveness of a Conversion, the Non-Extended Revolving Credit Loans of the Converting Lender shall be converted into Extended Revolving Credit Loans and the Converting Lender shall become an Extended Lender.
The Administrative Agent and the Lead Borrower shall determine the effective date of such requested increase and any such requested increase shall be first made available to all existing Extended Lenders on a pro rata basis, with any such Extended Lender accepting such increase in a timely fashion relative to the Commitment Increase Date.
Xxxxxx Title: Senior Vice President SIGNATURE PAGE DNB Capital LLC, as an Extended Lender By _____/s/ Xxxxxxxx Xxxxxxx _____ Name: Xxxxxxxx Xxxxxxx Title: Senior Vice President By ____/s/ Xxxxxx X.
This Fourth Amendment shall have been executed and delivered by the Borrower, the Subsidiary Guarantors, the Administrative Agent, the Collateral Agent, each 2023 Extended Lender, each 2023 Converting Lender, and each New 2023 Revolving Lender (which, for the avoidance of doubt, shall constitute Required Lenders under the Existing Credit Agreement) and acknowledged by each Security Provider.
For the avoidance of doubt, the New Lender shall be an Extended Lender and shall have an Extended Commitment in an amount equal to $35,000,000, and any Credit Extensions issued pursuant to such Extended Commitment shall have the same terms as the Extended Credit Extensions, including, but not limited to, interest rate and maturity.
Notwithstanding anything to the contrary set forth in Section 10.1, no Extension Amendment shall require the consent of any Lender other than the Extending Lenders with respect to the Extended Lender Loans established thereby.