Local Lender definition

Local Lender means a local government unit as defined in paragraph (n), a state or federally chartered bank, a savings association, a state or federal credit union, Agribank and its affiliated organizations, or a nonprofit economic development organization or other financial lending institution approved by the commissioner.

Local Lender means each bank or other financial institution (in each case, reasonably acceptable to the Administrative Agent), that provides a Local Credit Facility to a Local Borrower (and, solely to the extent of any obligations relating directly to the applicable Local Loans, Affiliates or Subsidiaries of such banks or financial institutions (in each case, such Affiliates or Subsidiaries to be reasonably acceptable to the Administrative Agent)).

Local Lender appearing in Section 1.01 (Defined Terms) of the Credit Agreement is hereby amended by deleting the text “Agents” in both places it appears in said definition and inserting the text “Administrative Agent” in lieu thereof.

Examples of Local Lender in a sentence

• The Administrative Agent shall promptly deliver to the relevant Local Lender all amounts actually received by the Administrative Agent in like funds as received.

• The purpose of the MOU is to create a framework of cooperation between Local Lender and Employer to collaborate on this mutually beneficial Program, including setting up, monitoring and evaluation, and providing technical assistance in accessing required information related to the Program.

• Employer shall not be deemed an agent of Local Lender, and there is no joint venture formed between Local Lender and Employer.

• Local Lender shall be responsible for submitting all necessary progress reports to its Board of Directors or other governing body and shall track all expenditures, for provision of the necessary checks and balances.

• This Amendment shall become effective on and as of the date that the Administrative Agent shall have received counterparts of this Amendment, duly executed by each Borrower, the European Overdraft Bank, Credit Suisse (Luxembourg) S.A. (as a Local Lender) and the Requisite Lenders.

More Definitions of Local Lender

Local Lender means a local government unit as defined in paragraph (n); a local unit of government with taxing or special assessment authority, such as a watershed district, a drainage authority, or a township; a state or federally chartered bank; a savings association; a state or federal credit union; Agribank and its affiliated organizations; or a nonprofit economic development organization or other financial lending institution approved by the commissioner.

Local Lender means each bank or other financial institution (in each case, reasonably acceptable to the Agents), that provides a Local Credit Facility to a Local Borrower (and, solely to the extent of any obligations relating directly to the applicable Local Loans, Affiliates or Subsidiaries of such banks or financial institutions (in each case, such Affiliates or Subsidiaries to be reasonably acceptable to the Agents)).

Local Lender contained in the Fleer Credit Agreement shall be deemed to be references to the lender party to the Local Loan Agreement, (ii) "Local Loan Agreement" contained in the Fleer Credit Agreement shall be deemed to be references to such amended and restated agreement and (iii) "Local Loan" contained in the Fleer Credit Agreement shall be deemed to be references to the loan under the Local Loan Agreement.

Local Lender means, with respect to Local European Loans borrowed by (a) Hexcel-Belgium, Credit Suisse First Boston, (b) Salver, Credit Suisse First Boston, (c) Composites-Austria, Credit Suisse First Boston, (d) Hexcel-Spain, Credit Suisse First Boston Aktiengesellschaft and (e) any Additional Borrower, the Lender (or Affiliate or Subsidiary thereof) which has delivered a Local Lender Joinder Agreement with respect to such Additional Lender, in each case in such Local Lender's capacity as the lender of such Local European Loans.

Local Lender means a non-depository small business lender that has a physical location in Oregon and that:¶

Local Lender with respect to the relevant Foreign Borrower; PROVIDED that no Revolving Credit Lender shall be so designated without its agreement (in its sole discretion) to serve as the "Local Lender" with respect to such Foreign Borrower hereunder. Upon any such designation and the receipt by the Administrative Agent of a Local Lender Joinder Agreement, duly executed and delivered by such designated Local Lender, such Revolving Credit Lender shall be deemed to be the "Local Lender" with respect to such Foreign Borrower for all purposes under this Agreement and the other Credit Documents.

Local Lender means each bank or other financial institution (in each case, reasonably acceptable to the Agents) that is located in the jurisdiction of organization or formation of the applicable Foreign Subsidiary to which such Local Lender makes a Local Credit Facility