Lender Committee definition

Lender Committee has the meaning assigned to such term in Section 5.30(b).

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Lender Committee means a committee comprised of designees appointed by the Senior Lenders and the Subordinate Lender; provided that (i) from and after the date on which all obligations owed by Borrower to GSSIF Senior Lender have been paid in full, the GSSIF Senior Lender shall no longer be entitled to appoint a designee to the Lender Committee, and (ii) from and after the date on which all obligations owed by Borrower to the NT Senior Lender have been paid in full, the NT Senior Lender shall no longer be entitled to appoint a designee to the Lender Committee.

Lender Committee means a committee of Lenders that may be installed by the Lenders in accordance with Clause 20 (Lender Committee);

Examples of Lender Committee in a sentence

Similarly, a Lender shall notify the Lender Committee on becoming so aware in respect of a payment payable to that Lender.
If the Lender Committee receives such notification from a Lender it shall notify the Borrower.
The composition of the Lender Committee may be updated from time to time as determined in good faith by the Sponsor’s board of directors and the Administrative Agent.
Upon receipt of the valuation report, the Borrower shall request Lender Committee to appoint an Independent Valuation Service Provider to prepare a fairness opinion in respect of the valuation report for the benefit of the Lenders.
For this purpose, the valuation report prepared by the Selected Independent Valuation Service Provider shall be shared with the Independent Valuation Service Provider appointed by the Lender Committee and the valuation report will be available for inspection by the Lender Committee at the registered office of the Borrower.
If at any time the Evaluator has been terminated, or for any reason is no longer serving, and a replacement evaluator appointed in accordance with the Evaluation Agreement has not been appointed within 90 days with the written approval from the Lender Committee.
Commencing no later than September 1, 2023, the Lender Committee and the Administrative Agent shall meet monthly (at a time mutually determined by the Administrative Agent and the Lender Committee during normal business hours) via telephonic conference call to discuss financial, commercial and operational related matters and the management transition and appointment plan proposed by the Sponsor pursuant to Section 5.30(b)(iv).
Any such replacement is subject to the consent of Roca, the Lender Committee and the Commonwealth, such consent not to be unreasonably withheld.
The Borrowers and each other Loan Party agrees to, and to cause any other Loan Party to, take all further actions and execute all further documents the Lender Committee (or the Administrative Agent or either Lender Committee Representative, in each case on behalf of the Lender Committee) may from time to time reasonably request to carry out the transactions contemplated by this Forbearance Agreement and all other agreements executed and delivered in connection herewith.
Any change to the table in Section 3.03(e)(iv) that has the effect of reducing (x) the total “Conforming Referrals Floor” (as defined in Section 9.01(a)) or (y) the total “Conforming Referrals Threshold” (as defined in Section 9.01(a)) requires approval of the Lender Committee.

More Definitions of Lender Committee

Lender Committee means “Lender Committee” referred to in the consent and direction letter, dated as of August 1, 2011 and attached hereto as Schedule A, and any successor committee representing the Lenders (it being understood that there shall be no more than one Lender Committee entitled to indemnification pursuant to Section 11.09 (Indemnification by the Borrowers) at any time).

Lender Committee means Bank One, NA, The Bank of Nova Scotia and Highland Capital Management, L.P.

Lender Committee means (i) HSH Nordbank AG, New York Branch; (ii) KeyBank National Association; and (iii) one additional Lender to be selected by the Administrative Agent and the Borrower after the Closing Date.

Lender Committee has the meaning set forth in Appendix H. “Lenders” means each lender under the Loan Documents.

Lender Committee means a committee comprising five Lenders, which as of the Closing Date shall be CNAI, JPMorgan Chase Bank, N.A., Deutsche Bank AG Caymans Islands Branch, The Royal Bank of Scotland and Wachovia Bank, N.A. After the Closing Date, members of the Lender Committee may resign in their sole discretion. Any Lender that shall cease to be a member of the Lender Committee shall be replaced with another Lender not then a member of the Lender Committee selected by the remaining members of the Lender Committee pursuant to a vote of a majority in number of such remaining members of the Lender Committee (provided that, if the remaining members of the Lender Committee are not able to so appoint a replacement for such Lender prior to a decision of such Lender Committee being required hereunder, a replacement shall be appointed by the Required Lenders). Except as otherwise expressly set forth in this definition of “Lender Committee”, decisions by the Lender Committee shall be made by a vote of a majority in number of all members of the Lender Committee.