Lender Designee definition

Lender Designee has the meaning set forth in Section 5.15(b).
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Lender Designee as defined in Section 5.7.
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Lender Designee means the senior executive of Lender designated by Lenxxx xx serve as a non-voting observer of Borxxxxx’x board of directors, being such senior executive as agreed to by Lenxxx xxd Borxxxxx, xach acting reasonably.
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Examples of Lender Designee in a sentence

  • Accordingly, Clearing Bank’s sole responsibility to Lender, Designee or any third party with respect to the time of delivery of such amounts and items will be to deliver such amounts and items as close to the mutually agreed upon time as may be reasonably practicable.

  • In the event that the Loan Amount remains outstanding for more than 130 days following the Closing Date, Lender will be entitled to designate one member (the "Lender Designee") to Borrower's Board of Directors for so long as any Liabilities are owing to Lender hereunder.

  • Accordingly, Clearing Bank’s sole responsibility to Lender, Designee or any third party with respect to the time of delivery of such amounts and items shall be to deliver such amounts and items as close to the mutually agreed upon time as may be reasonably practicable.

  • The Borrower shall periodically update and consult with the Syndication Agent and the Lender Designee regarding the status of the Borrower's engagement of a Required Professional (pursuant to and as defined in the First Lien Limited Waiver).

  • For so long as any Balance remains outstanding, Borrower shall ensure that the Lender Designee (i) is invited and permitted to attend (for the purpose of observing in a non-voting capacity) all meetings of the board of directors of Borrower and its committees and (ii) receives all notices, information and other materials provided to Borxxxxx’x directors or other committee members in connection with such meetings at the same time and in the same manner as provided to such directors or committee members.

  • No payments or distributions shall be made with respect to a Claim that is a Disputed Claim pending the resolution of the dispute by Final Order or agreement of the parties (including the Mortgage Lender Designee).

  • If no Lender Designee has been appointed by Required Lenders, the Lender Designee’s seat on the Strategic Review Committee may be filled by a then-current member of the Board of Directors selected by Required Lenders (an “Alternate SRC Member”); provided that, immediately upon the appointment of a Lender Designee, the Alternate SRC Member shall be removed from the Strategic Review Committee and replaced with the Lender Designee.

  • For purposes of establishing a reserve for Class 3 Disputed Claims, Cash will be set aside in an amount equal to the amount that would have been distributed to the holders of Class 3 Disputed Claims had their Class 3 Disputed Claims been deemed Allowed Claims on the Effective Date or such other amount as may be approved by the Bankruptcy Court upon motion of the Debtor and/or the Mortgage Lender Designee.

  • While the New Loan is outstanding, if the Lender Designee’s term will expire at the next annual meeting of the Company’s stockholders, such Lender Designee shall be nominated by the Company for reelection by the stockholders at such meeting.

  • The balance of such Cash, if any, remaining in the Class 3 Disputed Claim Reserve after all Class 3 Disputed Claims have been resolved and distributions made in accordance with the Plan, shall be released and distributed promptly to the Mortgage Lender Designee (and not to the Debtor).


More Definitions of Lender Designee

Lender Designee is defined in Section 7.11.
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Lender Designee has the meaning set forth in Section 8.34(b).
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Related to Lender Designee

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

  • Designating Lender has the meaning specified in Section 8.07(h).

  • Purchaser Designee means each individual then serving on the Board of Directors pursuant to the exercise of the Purchaser’s rights pursuant to Section 4.07(a) and/or Section 4.07(e), together with any designee(s) of the Purchaser who is then standing for election to the Board of Directors pursuant to Sections 4.07(a) and (b) or who is being proposed for election by the Purchaser pursuant to Section 4.07(e).

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

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • Canadian Investment Manager designation means the designation earned through the Canadian investment manager program prepared and administered by CSI Global Education Inc. and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program;

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

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

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • Investor Designee means an individual nominated by the Board as a “Investor Designee” for election to the Board pursuant to Section 5.10(a), Section 5.10(d) or Section 5.10(e) of the Investment Agreement.

  • Investor Nominee means a person designated for election to the Board of Directors by the Investor pursuant to the Investment Agreement.

  • Lead Lender means a lending insti- tution having a direct contractual rela- tionship with a borrower to advance funds, which institution sells or as- signs an interest or interests in such loan to one or more other lenders.

  • Accelerated Mezzanine Loan Lender shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

  • Term Loan Administrative Agent means the administrative agent under the Term Loan Agreement

  • Independent Director/Trustee means any; (i) director or trustee of an Invesco Mutual Fund who is not an “interested person” (as defined in Section 2(a)(19) of the Investment Company Act) of an Invesco Mutual Fund; (ii) director or trustee of an Invesco ETP who is not an “interested person” (as defined in Section 2(a)(19) of the Investment Company Act) of an Invesco ETP; or (iii) member of the Invesco Canada Independent Review Committee, Invesco Canada Funds Advisory Board or Board of Directors of Invesco Corporate Class Inc. who has no other executive responsibilities or engagement in an Invesco Canada Fund or Invesco NA’s day-to-day activities beyond the scope of their duties as director/trustee.

  • Performing First Lien Bank Loans means First Lien Bank Loans which are Performing.

  • Minority institution means an institution of higher education meeting the requirements of Section 365(3) of the Higher Education Act of 1965 (20 U.S.C. 1067k), including a Hispanic-serving institution of higher education, as defined in Section 502(a) of the Act (20 U.S.C. 1101a).

  • Lender Group Representatives has the meaning specified therefor in Section 17.9 of the Agreement.

  • Protesting Lender has the meaning specified in Section 9.09(a).

  • 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.

  • Proposed Nominee Associated Person of any Proposed Nominee shall mean (A) any Person acting in concert with such Proposed Nominee, (B) any direct or indirect beneficial owner of Shares owned of record or beneficially by such Proposed Nominee or Person acting in concert with the Proposed Nominee and (C) any Person controlling, controlled by or under common control with such Proposed Nominee or a Proposed Nominee Associated Person.

  • First Lien Administrative Agent means the “Administrative Agent” as defined in the First Lien Credit Agreement.

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

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Refinancing Lender has the meaning assigned to such term in Section 2.23(c).

  • Construction Lender means a person who makes a construction loan.