Incoming Lender definition

Incoming Lender means, any Lender as of the Closing Date that is not an Existing Lender.
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Examples of Incoming Lender in a sentence

  • A Novation Agreement will automatically be entered into upon a Loan Unit being transferred from the Outgoing Lender to the Incoming Lender or the Security Trustee in accordance with the Lender Terms and Conditions, which will have the same effect as if a hard copy of the Novation Agreement was signed by both the Outgoing Lender and Incoming Lender or the Security Trustee as the case may be.

  • Each Continuing Lender and Incoming Lender hereby consents to the Commitments set forth on Schedule 2.01 attached to this Amendment.

  • Incoming Lender agrees to the terms and conditions set forth on Addendum 1 and Addendum 3 of the Loan Agreement.

  • On the Closing Date and after giving effect to such reallocation and assignment, the Commitment of the Departing Lender shall terminate, the Departing Lender shall cease to be a party to the Existing Credit Agreement and the Commitment of each Continuing Lender and Incoming Lender shall be as set forth on Schedule 2.01 attached to this Agreement.

  • In connection with any increase in the aggregate principal amount of Revolving Commitments pursuant to this Section 2.16., each Additional Incoming Lender becoming a party hereto shall execute such documents and agreements as the Administrative Agent may reasonably request.

  • The Outgoing Lender transfers all its rights and obligations under the Loan Agreement to the Incoming Lender in respect of the Novated Loan Units on the date of this Novation Agreement in accordance with clause 17 of the Loan Agreement.

  • Subsequently, the Original Lender and the Borrower entered into a Novation Agreement dated 17.12.2021 (“the Novation Agreement”) with the Incoming Lender, Nike Global Trading B.V., Singapore Branch (“the Plaintiff”) whereby the Original Lender transferred the debt amounting to RM41,257,000 to the Plaintiff.

  • This Novation Agreement will automatically be entered into upon a Loan Unit being transferred from the Outgoing Lender to the Incoming Lender in accordance with the Lender Terms and Conditions, which will have the same effect as if a hard copy of this Novation Agreement was signed by both the Outgoing Lender and Incoming Lender.

Related to Incoming Lender

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

  • Assuming Lender has the meaning specified in Section 2.18(d).

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

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

  • Exiting Lender see Section 2.17.7.

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

  • New Revolving Lender has the meaning specified in Section 2.18(c).

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • Designating Lender means, with respect to each Designated Lender, the Lender that designated such Designated Lender pursuant to Section 12.1.2.

  • Purchasing Lender shall have the meaning set forth in Section 16.3(c) hereof.

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

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

  • Selling Lender has the meaning specified in Section 11.7 (

  • Purchasing Lenders shall have the meaning set forth in Section 9.6(c).

  • Increasing Lender has the meaning specified in Section 2.18(b).

  • L/C Lender a Lender with an L/C Commitment.

  • Additional Revolving Lender means any Lender with an Additional Revolving Credit Commitment or any Additional Revolving Credit Exposure.

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

  • Accepting Lender shall have the meaning assigned to such term in Section 2.11(e).

  • Delinquent Lender has the meaning provided in SECTION 8.15.

  • Increase Lender has the meaning given to that term in Clause 2.2 (Increase).

  • Existing Lenders means the lenders party to the Existing Credit Agreement.

  • Revolving Lender means a Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving Exposure.

  • 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.

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

  • Refinancing Lender means, at any time, any bank, other financial institution or institutional investor that agrees to provide any portion of any Credit Agreement Refinancing Indebtedness pursuant to a Refinancing Amendment in accordance with Section 2.28; provided that each Refinancing Lender (other than any Person that is a Lender, an Affiliate of a Lender or an Approved Fund of a Lender at such time) shall be subject to the approval of the Administrative Agent and each Issuing Bank (in the case of Other Refinancing Revolving Commitments or Other Refinancing Revolving Loans) (such approval not to be unreasonably withheld or delayed), in each case to the extent any such consent would be required from the Administrative Agent and each Issuing Bank (in the case of Other Refinancing Revolving Commitments or Other Refinancing Revolving Loans) under Section 10.4(b) for an assignment of Loans or Commitments to such Refinancing Lender.