Increased Lender definition

Increased Lender means any Existing Lender whose Revolving Credit Commitment hereunder as of the Closing Date is greater than the Existing Revolving Credit Commitment of such Existing Lender.
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Increased Lender has the meaning set forth in Section 2.06(d).
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Increased Lender shall have the meaning provided in Section 2.15(f). “Investment Grade Account Debtor” means an account debtor that, at the time of determination, as a corporate credit rating and/or family rating, as applicable, of BBB- or higher by S&P or Baa3 or higher by Xxxxx’x. “Loan Cap” means, at any time of determination, the lesser of (a) the Aggregate Commitments and (b) the Borrowing Base. “Receivables Reserves” means such Reserves as may be established from time to time by the Administrative Agent in its reasonable discretion with respect to the determination of the collectability in the ordinary course of Eligible Trade Receivables and Eligible Franchise Receivables, including, without limitation, on account of dilution. “Seasonal Increase Period” means a period of ninety (90) consecutive days elected by the Lead Borrower each year upon thirty (30) days’ prior notice to the Administrative Agent. “Specified Account Debtors” means the account debtors set forth on Schedule I to the Twelfth Amendment. “Twelfth Amendment” means the Twelfth Amendment to Credit Agreement dated as of September 15, 2015 by and among the Borrowers, the Guarantors, the Lenders and Xxxxx Fargo Bank, National Association, as Administrative Agent, Collateral Agent, and Swing Line Lender. “Twelfth Amendment Effective Date” means September 15, 2015. “Twelfth Amendment Fee Letter” means the Fee Letter, dated as of the Twelfth Amendment Effective Date, between the Agents and the Borrowers.
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Examples of Increased Lender in a sentence

  • At the direction of the Agent, each Increased Lender shall make all payments to the Agent and the Agent shall make such payments to the Lenders as may be necessary to carry the foregoing into effect.

  • The Borrower shall respond to such request by giving written notice to the Costs Increased Lender A via the Agent.

  • Provided, however, that if such money is paid by the Borrower pursuant to Clause 13.2 or Clause 13.5, notwithstanding the provisions of this Clause 19, the Agent shall promptly distribute such money to the Costs Increased Lender A.

  • Provided, however, that if such money was paid by the Borrower pursuant to Clause 9.2 or Clause 9.4, notwithstanding the provision of this Clause 17, the Agent shall promptly distribute such money to the Costs Increased Lender.

  • The Borrower shall respond to such request by giving written notice to the Costs Increased Lender B via the Agent.

  • Provided, however, that if such money is paid by the Borrower pursuant to Clause 13.2 or Clause 13.5, notwithstanding the provisions of this Clause 19, the Agent shall promptly distribute such money to the Costs Increased Lender B.

  • The Borrower shall respond to such request by giving written notice to the Costs Increased Lender via the Agent.

  • In this case, until the Borrower completes payment of all obligations which the Borrower owes to the Costs Increased Lender under this Agreement, the relevant provisions of this Agreement regarding the performance of such obligations shall remain in full force and effect with respect to the Costs Increased Lender.

  • Any such reallocation shall be subject to execution of documentation with respect thereto by the Borrowers, the Administrative Agents, the Lender whose Commitment is reduced pursuant to such reallocation (the "Reduced Lender") and the Lender that will assume the increased Commitment resulting from such reallocation, which may be the Reduced Lender or an affiliate thereof (the "Increased Lender").

  • Any such reallocation shall not require any consent or approval of any Lender other than the Reduced Lender and the Increased Lender, but the amounts of the respective Commitments of such other Lenders shall not be changed by any such reallocation.


More Definitions of Increased Lender

Increased Lender shall have the meaning provided in Section 2.15(f).
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Related to Increased Lender

  • Increased-Cost Lenders as defined in Section 2.23.

  • Increased Cost Lender as defined in Section 2.23.

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

  • 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.

  • Affected Lender has the meaning specified therefor in Section 2.13(b) of the Agreement.

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

  • 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.

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

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

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

  • Increasing Lenders is defined in Section 2.14.

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.

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

  • Increased Commitments has the meaning assigned to such term in Section 2.19(a).

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

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

  • Approved Lender is defined in Section 12.1.

  • Continuing Lender means with respect to any event described in Section 2.08(b), a Lender which is not a Retiring Lender, and “Continuing Lenders” means any two or more of such Continuing Lenders.

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

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

  • Replaced Lender shall have the meaning provided in Section 2.13.

  • Terminated Lender as defined in Section 2.19.

  • Refinancing Revolving Lender has the meaning assigned to such term in Section 2.26(a).

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

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

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