Fronting Lenders definition
Examples of Fronting Lenders in a sentence
To have 100% of the outstanding principal amount of Existing Term Loans held by such Lender prepaid on the Amendment No. 2 Effective Date and to agree to purchase from the Fronting Lenders pursuant to one or more Assignment and Assumptions New Term Loans in the principal amount of such Existing Term Loans (or such lesser amount allocated to such Lender by the Administrative Agent) on or immediately after the Amendment No. 2 Effective Date.
The Administrative Agent shall notify the relevant Local Fronting Lenders promptly that such automatic conversion shall occur.
The obligations of the Lenders, the Funding Agents, the L/C Issuers and the Fronting Lenders under this Section 5.4 shall survive the payment in full of the Obligations and the termination of this Agreement.
Each Yen Loan shall be made as part of a Borrowing consisting of Yen Loans made by the Yen Fronting Lenders ratably in accordance with their respective Yen Commitments.
Each Fronted Advance hereunder shall consist of borrowings made from the several Fronting Lenders ratably in proportion to the ratio that their respective Fronting Commitments bear to the Aggregate Fronting Sublimit.