Global Revolving Facility Lender definition
Examples of Global Revolving Facility Lender in a sentence
The Administrative Agent shall give notice to each Global Revolving Facility Lender of such matters.
If a Foreign Subsidiary Borrower and a Global Revolving Facility Lender agree, subject to (i) compliance with the requirements set forth in this Section 2.22 and (ii) such Foreign Subsidiary Borrower having complied with Sections 2.20 and 4.03, such Global Revolving Facility Lender shall be permitted to provide an Ancillary Facility on a bilateral basis to such Foreign Subsidiary Borrower.
Each deposit of cash collateral pursuant to this paragraph shall be held by the applicable Global Revolving Facility Lender as collateral for the payment and performance of the obligations of the applicable Foreign Subsidiary Borrower in respect of Unfunded Ancillary Credit Extensions under such terminated Ancillary Facility.
Moneys in such account shall be applied by the applicable Global Revolving Facility Lender to offset amounts payable in respect of Unfunded Ancillary Credit Extensions made under such terminated Ancillary Facility.
Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of (i) for so long as an Event of Default shall be continuing, the applicable Global Revolving Facility Lender and (ii) at any other time, the applicable Eligible Borrower, in each case, in Permitted Investments and at the risk and expense of such Eligible Borrower, such deposits shall not bear interest.
Such Global Revolving Facility Lender shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account; provided that, on the CAM Exchange Date, the Administrative Agent shall assume exclusive dominion and control, including the exclusive right of withdrawal, over such account.
Each Global Revolving Facility Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Applicable Agent, for the account of the applicable Swingline Foreign Currency Lender, such Global Revolving Facility Lender's ratable share (based on Available Unused Commitments) of such Swingline Foreign Currency Loan or Loans.
Each repayment of a Borrowing (x) in the case of the Global Revolving Facility, shall be applied to the Global Revolving Facility Loans included in the repaid Borrowing such that each Global Revolving Facility Lender receives its ratable share of such repayment (based upon the respective Global Revolving Facility Credit Exposures of the Global Revolving Facility Lenders at the time of such repayment) and (y) in all other cases, shall be applied ratably to the Loans included in the repaid Borrowing.
Each Global Revolving Facility Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Applicable Agent, for the account of the applicable Swingline Foreign Currency Lender, such Global Revolving Facility Lender’s Swingline Foreign Currency Funding Percentage of such Swingline Foreign Currency Loan or Loans.
Such Global Revolving Facility Lender shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account; provided that, on the CAM Exchange Date, the 146 Administrative Agent shall assume exclusive dominion and control, including the exclusive right of withdrawal, over such account.