Fronting Lenders definition

Fronting Lenders means, collectively, the Lenders listed on Schedule 2.2, and each successor or additional Fronting Lender hereunder, and “Fronting Lender” means any one of the Fronting Lenders.

Fronting Lenders means, initially, RBC and The Toronto-Dominion Bank, each in such capacity or such other Working Capital Facility Lenders as may be selected by the Agent and the Principal Borrower and which agrees with the Principal Borrower in writing to issue Letters of Credit hereunder, and provided further that, with respect to particular usage herein and if the context requires, “Fronting Lender” shall mean the Working Capital Facility Lender which has issued the Letter of Credit in question.

Fronting Lenders means, collectively, the Canadian Fronting Lender(s) and the U.S. Fronting Lender(s); and “Fronting Lender” means any one of them as the context requires.

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.

• If such amount is not in fact made available to the Fronting Agent, for the account of the Fronting Lenders, by any Purchasing Lender, the Fronting Lenders shall be entitled to recover such amount on demand from such Purchasing Lender, together with accrued interest thereon for each day from the date of demand thereof, if paid within two Business Days after demand at the Federal Funds Effective Rate and thereafter at the Alternate Base Rate.

• The failure of any Lender to make any Loan or to fund any such drawing or participation on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and except for Limited Fronting Lenders with respect to Several Letters of Credit they have issued on behalf of Affected Lenders on Non-NAIC Approved Banks, no Lender shall be responsible for the failure of any other Lender to so make its Loan, honor a drawing or purchase its participation.

More Definitions of Fronting Lenders

Fronting Lenders means, each to a maximum of its respective Individual Fronting Limit, initially, The Bank of Nova Scotia and The Toronto-Dominion Bank, each in such capacity or such other Lenders agreed to by the Canadian Borrower and which are acceptable to the Agent, acting reasonably, and that assume in writing with the Canadian Borrower, the Agent and the Lenders, the obligations of a Fronting Lender hereunder, and provided further that, with respect to particular usage herein and if the context requires, "Fronting Lender" shall mean the Lender which has issued the Fronted LCs in question.

Fronting Lenders means: (a) as at the date hereof, Royal Bank of Canada, The Toronto-Dominion Bank, Fédération des caisses Desjardins du Québec and ATB Financial, and (b) such other Syndicated Lenders as may be selected by the Agent and the Borrower, with the concurrence of such other Syndicated Lenders, which assume in writing with the Borrower and the Agent the obligations of issuing Letters of Credit on behalf of the Syndicated Lenders under the Syndicated Facility to the extent of such Lender's Fronted LC Commitment, and "Fronting Lender" means any one of them as the context requires;

Fronting Lenders. JPMorgan Chase Bank, N.A. and such other Lenders as may be designated in writing by the Borrower which agree in writing to act as such in accordance with the terms hereof and are reasonably acceptable to the Administrative Agent, in their capacities as the lenders of Foreign Currency Loans pursuant to Section 2.4(b).

Fronting Lenders has the meaning set forth in Section 4.03.

Fronting Lenders means (a) prior to the Initial Maturity Date, each of the Lenders listed on Schedule 2.2-1, and (b) on and after the Initial Maturity Date, each of the Lenders listed on Schedule 2.2-2, and, in each case, each successor or additional Fronting Lender hereunder, and “Fronting Lender” means any one of the Fronting Lenders.

Fronting Lenders means RBC, CS and Xxxxx Fargo Bank, N.A. (and, in relation to the Existing Letters of Credit only, The Toronto-Dominion Bank and HSBC Bank Canada) or such other Lenders as may be selected by the Agent and the Borrower, with the concurrence of such other Lenders, which assume in writing with the Borrower and the Agent the obligations of issuing Letters of Credit on behalf of the Lenders under the Credit Facility to the extent of such Lender’s Fronted LC Commitment, and “Fronting Lender” means any one of them as the context requires;

Fronting Lenders means RBC, CS, Xxxxx Fargo Bank, N.A. and The Bank of Nova Scotia or such other Lenders as may be selected by the Agent and the Borrower, with the concurrence of such other Lenders, which assume in writing with the Borrower and the Agent the obligations of issuing Letters of Credit on behalf of the Lenders under the Credit Facility to the extent of such Lender's Fronted LC Commitment, and "Fronting Lender" means any one of them as the context requires;