Extended Lender definition
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.
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.
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.
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.
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.
Each Extended Lender holding Tranche B Term Loans that has checked the box provided for such purpose in its executed signature page hereto, agrees that, to the extent it wishes to hold ▇▇▇▇ ▇▇▇▇▇▇▇ ▇ Term Loans on the Restatement Effective Date in an amount greater than the amount allocated for such Lender on the Restatement Effective Date, such excess may be allocated to ▇▇▇▇ ▇▇▇▇▇▇▇ ▇ Term Loans on the Restatement Effective Date.
In the event that the aggregate amount of Loans subject to Extension Elections exceeds the amount of Extended Lender Loans requested pursuant to the Extension Request, Loans shall be converted to Extended Lender Loans on a pro rata basis.
The Administrative Agent shall have received duly executed counterparts of this Amendment and Restatement Agreement that, when taken together, bear the signatures of each of Holdings, Spansion Techonology, the Borrower, the Administrative Agent, the Collateral Agent, each Extended Lender (such Extended Lenders constituting at least the Required Lenders under the Existing Term Loan Agreement) and any other Lenders that thereby become party to the Restated Term Loan Agreement.
Any Lender or Issuing Lender (an “Extending Lender”) wishing to have all or a portion of its Revolving Credit Commitments and/or L/C Commitments converted into Extended Lender Obligations pursuant thereto shall notify the Administrative Agent (an “Extension Election”) on or prior to the date specified in such Extension Request of the amount of its applicable Revolving Credit Commitments and/or L/C Commitments that it has elected to convert into Extended Lender Obligations.