Illegal Lender definition

Illegal Lender means a Lender whom an Obligor is or becomes obliged to repay or prepay pursuant to Clause 8.1 (Illegality).
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Illegal Lender means any non-bank entity that is subject to section 340 of the New York Banking Law and that provides personal loans that are in violation of the requirements of: (a) N.Y. General Obligations Law § 5-501; or (b) N.Y. Banking Law § 14-a.
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Illegal Lender means a Lender to whom an Obligor is or becomes (or would, but for any replacement of such Lender pursuant to Clause 7.5 (Replaceable Lender), be) obliged to repay or prepay pursuant to Clause 7.1 (Illegality).
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Examples of Illegal Lender in a sentence

  • Any cancellation under this Clause 10.8 (save in connection with any repayment or, as the case may be, prepayment under paragraph (c) of Clause 8.1 (Illegality) or Clause 37.7 (Cancellation and repayment of a Replaceable Lender (other than an Illegal Lender)) shall reduce the Commitments of the Lenders rateably under the Revolving Facility.

  • The CRAs shall implement a process designed to suppress from the CRAs’ respective credit reporting databases any existing data for New York residents where the Original Creditor is an Illegal Lender that appears on the list referenced in paragraph 5(a).

  • The NYAG shall include as much identifying information as possible regarding each Illegal Lender included in the List (such as corporate name, place of incorporation, and corporate address) to permit the CRAs to effectively identify each Illegal Lender.

  • Any prepayment of a Utilisation (other than a prepayment pursuant to Clause 8.1 (Illegality), Clause 9.1 (Exit), or 38.7 (Cancellation and repayment of a Replaceable Lender (other than an Illegal Lender))) shall be applied pro rata to each Lender’s participation in that Utilisation.

  • Any prepayment of a Utilisation (other than a prepayment pursuant to Clause 8.1 (Illegality), Clause 9.1 (Exit), or 38.7 (Cancellation and repayment of a Replaceable Lender (other than an Illegal Lender))) shall be applied pro rata to each Lender's participation in that Utilisation.


More Definitions of Illegal Lender

Illegal Lender means any Lender in relation to which the Company receives a notice pursuant to Clause 9.1 (Illegality).
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Illegal Lender means any Lender in relation to which the Company receives a notice pursuant to sub-paragraph
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Related to Illegal Lender

  • Original Lender shall have the meaning assigned to such term in the recitals.

  • Additional Lender has the meaning set forth in Section 2.14(c).

  • Declining Lender has the meaning specified in Section 2.05(c).

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • Institutional Lender means one or more commercial or savings banks, savings and loan associations, trust companies, credit unions, industrial loan associations, insurance companies, pension funds, or business trusts including but not limited to real estate investment trusts, any other lender regularly engaged in financing the purchase, construction, or improvement of real estate, or any assignee of loans made by such a lender, or any combination of any of the foregoing entities.

  • Qualified Institutional Lender means each of the Initial Note Holders and any other U.S. Person that is:

  • New Lender as defined in Section 2.24(b).

  • Additional Lenders has the meaning assigned to such term in Section 2.18(b).

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Original Lenders shall have the meaning assigned to such term in the recitals.

  • Exiting Lender see Section 2.17.7.

  • Extending Lender shall have the meaning assigned to such term in Section 2.21(e).

  • Assigning Lender means as specified in Section 13.8(b).

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Impacted Lender means a Defaulting Lender or a Lender as to which (a) the L/C Issuer or the Administrative Agent has a good faith belief that the Lender has defaulted in fulfilling its obligations under one or more other syndicated credit facilities or (b) an entity that Controls the Lender has been deemed insolvent or become subject to a bankruptcy or other similar proceeding.

  • Initial Lender has the meaning specified in the recital of parties to this Agreement.

  • Affiliated Lender means, at any time, any Lender that is the Sponsor or an Affiliate of the Sponsor (other than Holdings, the Borrower or any of their respective Subsidiaries) at such time.

  • Augmenting Lender has the meaning assigned to such term in Section 2.20.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Terminated Lender as defined in Section 2.19.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • UK Non-Bank Lender means (a) where a Lender becomes a party hereto on the day on which this Agreement is entered into, a Lender listed in Schedule 3.01(j), and (b) where a Lender becomes a party hereto after the day on which this Agreement is entered into, a Lender which gives a UK Tax Confirmation in the Assignment and Assumption and/or Joinder Agreement which it executes on becoming a party hereto.

  • Other Lender has the meaning ascribed to it in Section 8.5(d).

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

  • Consenting Lender has the meaning specified in Section 2.19(b).