Ineligible Transferee definition

Ineligible Transferee shall have the meaning assigned to it in Section 12.2(a) hereof.

Ineligible Transferee means (i) certain Persons identified as “Disqualified Lenders” in writing to the Agent by the Parent on or prior to the Closing Date; and (ii) operating companies which are bona fide competitors of the Loan Parties or their Subsidiaries and such competitors’ subsidiaries and controlling equity holders (other than Bona Fide Debt Funds) as may be identified by name in writing to the Agent following the date of this Agreement (but only with the consent of the Majority Lenders, not to be unreasonably withheld), by delivery of notice to the Agent setting forth such person or persons. Notwithstanding the foregoing, no Person shall be regarded as an Ineligible Transferee for purposes of this Agreement at any time that an assignment or participation otherwise occurs in accordance with Section 18.01 while an Event of Default has occurred and is continuing.

Ineligible Transferee means a Strategic Investor or an Activist Investor.

Examples of Ineligible Transferee in a sentence

• If a Replacement Lender shall be accepted by the Agent who, at the time of determination, is neither an Non-Funding Lender nor an Affiliate of an Non-Funding Lender or an Ineligible Transferee, then such Non-Funding Lender shall assign its then remaining Revolving Loan Commitment and other rights and obligations related to unfunded Revolving Loan Commitments under this Agreement and all other Loan Documents to such Replacement Lender.

• Upon any such notice of resignation pursuant to clause (g)(i) of this Section 13.1, Requisite Lenders shall appoint a successor Agent which is not an Ineligible Transferee.

• If a successor Agent shall not have been so appointed within said thirty (30) calendar day period referenced in clause (g)(i) above, the retiring Agent, upon notice to Borrower, may, on behalf of Lenders, appoint a successor Agent which is not an Ineligible Transferee, who shall serve as Agent until such time as Requisite Lenders appoint a successor Agent as provided above.

• No Lender may assign or transfer any of its rights or obligations hereunder to an Ineligible Transferee.

• If a successor Agent shall not have been so appointed within said thirty (30) calendar day period referenced in clause (g)(i) above, the retiring Agent, upon notice to Xxxxxxxx, may, on behalf of Xxxxxxx, appoint a successor Agent which is not an Ineligible Transferee, who shall serve as Agent until such time as Requisite Lenders appoint a successor Agent as provided above.

More Definitions of Ineligible Transferee

Ineligible Transferee means (i) certain Persons identified as “Disqualified Lenders” in writing to the Administrative Agent by the Borrower on or prior to the date of this Agreement and (ii) operating companies which are bona fide competitors of the Borrower and such competitors’ subsidiaries and controlling equity holders (other than Bona Fide Debt Funds) as may be identified by name in writing to the Administrative Agent prior to the date of this Agreement or following the Syndication Date (but only with the consent of the Administrative Agent, not to be unreasonably withheld), by delivery of notice to the Administrative Agent setting forth such person or persons.

Ineligible Transferee. Persons identified by the Borrower to the Administrative Agent and the Lenders from time-to-time as Persons to whom no interest in a Loan or a Commitment may be transferred pursuant to Section 11.7 for competitive reasons.

Ineligible Transferee means a Person set forth on Schedule C-2 to this Agreement.

Ineligible Transferee means an individual, an entity, or a country—

Ineligible Transferee shall have the meaning assigned to it in Section 12.2(a) hereof. “Initial Term Loan Funding Date” means, the date that the initial Term Loan is funded hereunder.

Ineligible Transferee means those Persons identified to Lenders in writing prior to the Agreement Date, as updated in writing from Borrower to Lenders from time to time with the consent of Required Lenders (such consent not to be unreasonably withheld).

Ineligible Transferee means (a) a Competitor or any Affiliate thereof or (b) any six Persons (each such Person shall include all Affiliates thereof) set forth on a list provided by AEE to the Owner Participant pursuant to Section 5.3(c) of the Participation Agreement on not more than one occasion during any calendar year during the Lease Term; provided, however, that such list shall not include any Eligible Transferee.