Joint Lenders definition

Joint Lenders has the meaning set forth in Section 5.14.
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Joint Lenders. Forum” or “Lenders Forum” means the Forum constituted by the Lenders as per RBI Circular No. DBOD. BP.BC.No.97/ 21.04.132 / 2013-14 dated 26th February, 2014 representing all the Lenders;
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Joint Lenders provided that Borrower’s direct or indirect share of such Indebtedness is the same or greater than Borrower’s Share of such Non-US Property Owner, then no such Capital Funding Loan or related Second Tier Funding Loan (as defined below) shall be deemed to constitute Indebtedness for any purposes under this Agreement, any Lien securing such Capital Funding Loan shall be a Permitted Lien and no Non-US Property to which such Capital Funding Loan or Second Tier Funding Loan relates shall fail to be a Unencumbered Property solely because the capital provided to the applicable Non-US Property Owner or related First Tier JV or Intermediate Tier Entity was in the form of a Capital Funding Loan rather than a contribution to the equity of such Non-US Property Owner, First Tier JV or Intermediate Tier Entity, so long as
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Examples of Joint Lenders in a sentence

  • The Company has not participated in any Joint Lenders Forum formed under RBI guidelines for loan accounts which could turn into potential NPAs.

  • Pursuant to the above the Company had approached the Joint Lenders for a BG facility of upto Rs. 500 crores in terms of the draft BG Facility Agreement.

  • Your Company has been awarded certain arbitral awards against one or more of the Authorities which are currently being challenged by the Authorities and certain other arbitration proceedings with the Authorities are also expected.Further the Joint Lenders Forum (‘JLF’) Meeting held on 16th February, 2017 noted the Niti Aayog instructions in residual Gammon India Limited (‘GIL’).

  • He had attended the Joint Lenders Meetings alongwith Shantanu Prakash on behalf of the company.123.

  • After conducting TEV study by M/s Dun & Bradstreet, the loan accounts of company were restructured by Joint Lenders Forum (JLF) led by PNB in March 2015 with mutual consent of the company, in terms of RBI guidelines, with cut-off date as at 01.10.2014 and later, approved by Independent Evaluation Committee (IEC) on 11-05-2015.

  • There is a tire repair area in the corner of this room where a tire changer and tire balancer machine are located.

  • Sr. Counsel also relied on the Minutes of the Joint Lenders Meeting dated 11.01.2022, and contended that the same clearly depict that other Senior Lenders also proposed to file an application in NCLT for initiation of CIRP against the Corporate Debtor, as the Corporate Debtor situation is not improving despite several opportunities given to it.

  • Because the impugned Insolvency Petitions were filed by SBI for itself and also on behalf of the said Joint Lenders Forum, already listed above, the names of all the banks forming consortium thus substantiate the fact that the financial creditors are common for the 15 debtor entities.xiv) Common group of Corporate Debtors: As per the said two agreements the Debtors are combined together for the purpose of availing various loan facility.

  • Your company has been referred to National Company Law Tribunal (NCLT) by the lenders in their Joint Lenders' Meeting held on June 21, 2017 to pursue a resolution process for outstanding loans to the company.

  • Accordingly, the Joint Lenders' Forum (JLF) as an institutional mechanism for resolution of stressed accounts also stands discontinued.

Related to Joint Lenders

  • Consenting Lenders has the meaning specified in Section 2.13(b).

  • Extending Lenders has the meaning specified in Section 2.08.

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Continuing Lenders as defined in the recitals hereto.

  • Existing Lenders as defined in the recitals hereto.

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

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Requisite Revolving Lenders means Lenders having (a) more than 50% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Revolving Loan.

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • 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.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Identified Participating Lenders has the meaning set forth in Section 2.05(a)(v)(C)(3).

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Participating Lender has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • U.S. Lenders means the financial institutions listed on the signature pages of the U.S. Credit Agreement and their respective successors and assigns.

  • Increasing Lenders is defined in Section 2.14.

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

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

  • Majority Revolving Lenders at any time, (a) if only one Revolving Lender holds the Total Revolving Commitments at such time, such Revolving Lender, both before and after the termination of such Revolving Commitment; and (b) if more than one Revolving Lender holds the Total Revolving Commitment, at least two Revolving Lenders who hold more than 50% of the Total Revolving Commitments (including, without duplication, the L/C Commitments) or, at any time after the termination of the Revolving Commitments when such Revolving Commitments were held by more than one Revolving Lender, at least two Revolving Lenders who hold more than 50% of the Total Revolving Extensions of Credit then outstanding (including, without duplication, any L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time)); provided that the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Incremental Lenders has the meaning set forth in Section 2.14(c).

  • Revolving Credit Lenders means, collectively, all of the Lenders with a Revolving Credit Commitment.

  • Majority Revolving Credit Lenders means Lenders having more than 50% of the sum of all Revolving Credit Loans outstanding, LC Exposure and unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the aggregate outstanding amount of all Revolving Credit Loans and LC Exposure, held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Credit Lenders.

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

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.