Former Lenders definition
Examples of Former Lenders in a sentence
Each Company, the Administrative Agent and each Lender party hereto acknowledges and agrees to the repayment in full on the Effective Date of the principal and interest outstanding under the Credit Agreement owing to the Former Lenders.
The Existing Revolving Credit Loans (other than those owing to the Former Lenders) shall be deemed for all purposes, to constitute Revolving Credit Loans hereunder.
Pursuant to the terms of the Loan Agreement, Borrower, upon ten days prior notice to Agent, prepaid a portion of the Debt, consisting of the outstanding principal amount (together with all interest due thereon) of those certain Promissory Notes made by Borrower in favor of each of the Former Lenders (the "Prepaid Notes") which, together with the outstanding Promissory Note made by Borrower in favor of CapitalSource, comprised the defined term "Note".
In order to reduce its liability under its Guaranty of the Debt, Guarantor has tendered to Former Lenders an amount equal to the outstanding obligations of Borrower with respect to that portion of the Debt held by the Former Lenders and evidenced by Promissory Note B-2 and Promissory Note B-3 (hereafter, the "PREPAID NOTES").
The Existing Revolving Credit Loans (other than those Existing Revolving Credit Loans owing to the Former Lenders) shall be deemed to be Revolving Credit Loans under this Agreement.
The Former Lender shall be required to execute any and all documents required pursuant to Section 11.8 to allow the Substitute Lender to assume the Former Lender's rights and obligations hereunder.
Schedule A to the Credit Agreement is hereby deleted in its entirety and replaced with Schedule A attached hereto to update such Schedule A to reflect the assignments made on May 21, 2015 to certain Lenders of all of the outstanding Loans and other Obligations owing by the Canadian Borrower to a Former Lender under the Revolving Syndicated Facility and the assignments made on May 21, 2015 to certain Lenders of all of such Former Lender's Revolving Syndicated Facility Commitments.
The Credit Agreement, dated as of May 21, 1997, among DBI, the Former Agent and the Former Lenders.
Each of Borrower, Guarantor and CapitalSource hereby certifies to Column that all of the obligations of Borrower with respect to the Prepaid Notes have been satisfied in full and that the Former Lenders have no further rights under the Loan Agreement or the Loan Documents.
Parent, Bank of America, N.A., as Agent (the "Former Agent") and the "Former Lenders" (as hereinafter defined) entered into that certain Credit Agreement dated as of June 30, 1998, by and among Parent, the Former Agent, and each of the lenders (collectively the "Former Lenders") party thereto (together with all amendments or modifications thereof and supplements thereto the "Existing Credit Agreement").